AUZ 9.09% 1.0¢ australian mines limited

Ann: Quarterly Cashflow Report, page-137

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  1. 112 Posts.
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    Corps Act does not apply.....FIRB Policy and Foreign Acquisitions and Takeovers Act applies.

    Have a look at the FIRB Guidance Note on this topic: https://firb.gov.au/resources/guidance/gn24/

    I don't know whether the tenements are still exploration licences or mining tenements. If the former then you are probably correct re FIRB not being needed, it the latter, then:

    "Under the foreign investment framework, a mining or production tenement is a type of Australian land. Acquisitions of interests in a mining or production tenement by foreign persons are notifiable and significant actions (regardless of the value — that is, a $0 threshold applies), except if acquired directly from an Australian government."

    Cheers and goodluck!

 
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