Response to ASX Letter

Summary by 6ix AI

Bathurst Resources Ltd has submitted a response to a compliance query from the ASX regarding its financial disclosures, particularly concerning the term 'consolidated cash' used in its recent results presentation. The company clarifies that the cash held by BT Mining is not readily available for use by Bathurst, as unanimous approval from all shareholders is required for any dividend distribution. Bathurst asserts that its use of 'consolidated cash' was not misleading and aimed to provide a comprehensive view of its financial position, including its joint venture with BT Mining. The response confirms compliance with ASX Listing Rules and indicates that the board authorized the responses provided.

Written by 6ix AI from the company’s filing. How 6ix writes summaries