Business
Corporate Update - 2021 Annual Financial Report
Corporate Update - 2021 Annual Financial Report.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n RNS Number : 5143N\n IronRidge Resources Limited\n 30 September 2021\n \n \n \n \n 30 September 2021\n \n \n \n \n \n IronRidge Resources Limited\n \n \n \n \n \n 2021 Financial Results\n \n \n Highly successful year culminates in transformative funding agreement \n \n \n \n \n \n IronRidge Resources Limited (AIM: IRR, \"IronRidge\" or the \"Company\"), the African focussed minerals exploration company\n ,\n is pleased to announce its audited results for the year ended 30 June 2021. \n \n \n \n \n \n A full copy of 2021 Annual Report is available through the Investor Centre of the Company's website \n \n www.ironridgeresources.com.au\n \n or can be viewed in the PDF version via the following link:\n \n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/5143N_1-2021-9-30.pdf\n \n \n \n \n \n Financial Highlights:\n \n \n \n \n Ø \n Exploration and evaluation expenditure held on the balance sheet for the year ended 30 June 2021 was A$51.4 million (2020: A$34.0 million), representing an increase of A$17.4 million with continued exploration programmes conducted across the Company's projects in Ghana, Côte d'Ivoire and Chad.\n \n \n Ø \n Successful capital raisings during the financial year for approximately A$33.8 million, allowed the Company to continue exploration activities across its portfolio throughout the period, and left the Company in a strong financial position at year end.\n \n \n Ø \n Cash position at 30 June 2021 of A$19.1 million (2020: A$7.3 million).\n \n \n \n \n \n Corporate Highlights:\n \n \n \n \n \n Ø \n Announcement of the Company's intention to progress a demerger of the Company's gold assets in Côte d'Ivoire and Chad into a new gold focused entity structured to permit quotation on a recognised stock exchange.\n \n \n Ø \n Appointment of Liberum Capital Limited (\"Liberum\") as joint broker to the Company.\n \n \n Ø \n Appointment of Ms Amanda Harsas as Company Secretary and Chief Financial Officer to the Company.\n \n \n Ø \n Appointment of Ms Christelle van der Merwe to the Board of the Company as a Non-Executive Director.\n \n \n Ø \n Chad gold projects renewed for a further 4 years.\n \n \n Ø \n IronRidge accepted as a member of the European Battery Alliance (\"EBA250\").\n \n \n Ø \n Divestment of its non-core May...