Response to ASX Price Query
Released
Released
Announcement PDF
2 April 2024
ASX Securities Exchange Limited
Level 4 North Tower, Rialto Towers
525 Collins Street
Melbourne VIC 3000
By e-mail
Dear Ms Aziz,
RE: Dart Mining NL (‘DTM’): ASX Price - Query
Thank you for your letter dated 2 April 2024 regarding an increase in the Company’s share price and trading
volume. DTM responds as follows:
1.
Is DTM aware of any information concerning it that has not been announced to the market which, if
known by some in the market, could explain the recent trading in its securities?
No.
2.
If the answer to question 1 is “yes”.
Not applicable.
3.
If the answer to question 1 is “no”, is there any explanation that the Entity may have for the
recent trading in its securities?
DTM notes that an article by resources journalist Barry FitzGerald, was published on 29 March 2024, in
the online stocks publication, “Stockhead” (see: https://stockhead.com.au/experts/barry-fitzgeraldgold-and-lithium-at-under-2c-a-share-this-honest-toiler-has-extreme-leverage-to-success/). The article
refers to key projects of DTM which were described in DTM’s release “Dart Mining Gold Prospectivity
Summary”, announced to ASX on 20 March 2024. Mr FitzGerald’s article was headed “Gold and lithium
at under 2c a share? This honest toiler has ‘extreme’ leverage to success”, which may explain some of
the recent trading in DTM shares.
4.
Please confirm that the entity is in compliance with the Listing Rules and, in particular, Listing Rule
3.1.
DTM confirms that it is in compliance with the ASX Listing Rules, including ASX Listing Rule 3.1.
Webpage: www.dartmining.com.au
LinkedIn: Dart Mining NL
Twitter: @DartMining
Contact: James Chirnside
Email:jchirnside@dartmining.com.au
Mobile: +61 447 447 613
Dart Mining NL
ABN: 84 119 904 880
Level 6, 412 Collins Street
Melbourne VIC 3000
5.
Please confirm that the Entity’s responses to the questions have been authorized and approved
in accordance with its published continuous disclosure policy or otherwise by its board or an
officer of the Entity with delegated authority from the board to respond to ASX on disclosure
matters.
Confirmed.
Yours sincerely
Julie Edwards
Company Secretary
Webpage: www.dartmining.com.au
LinkedIn: Dart Mining NL
Twitter: @DartMining
Contact: James Chirnside
Email:jchirnside@dartmining.com.au
Mobile: +61 447 447 613
Dart Mining NL
ABN: 84 119 904 880
Level 6, 412 Collins Street
Melbourne VIC 3000
2 April 2024
Reference: 91756
Ms Julie Edwards
Company Secretary
Dart Mining NL
Level 6, 412 Collins Street, Melbourne 3000
By email: juliee@lowell.net.au
Dear Ms Edwards
Dart Mining NL (‘DTM’): Price - Query
ASX refers to the following:
A. The change in the price of DTM’s securities from a low of $0.017 to a high of $0.043 today.
B. The significant increase in the volume of DTM’s securities traded from 1 April 2024 to 2 April 2024.
Request for information
In light of this, ASX asks DTM to respond separately to each of the following questions and requests for
information:
1. Is DTM aware of any information concerning it that has not been announced to the market which, if known
by some in the market, could explain the recent trading in its securities?
2. If the answer to question 1 is “yes”.
(a)
Is DTM relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
Please note that the recent trading in DTM’s securities would suggest to ASX that such
information may have ceased to be confidential and therefore DTM may no longer be able to rely
on Listing Rule 3.1A. Accordingly, if the answer to this question is “yes”, you need to contact us
immediately to discuss the situation.
(b)
Can an announcement be made immediately? Please note, if the answer to this question is “no”,
you need to contact us immediately to discuss requesting a trading halt (see below).
(c)
If an announcement cannot be made immediately, why not and when is it expected that an
announcement will be made?
3. If the answer to question 1 is “no”, is there any other explanation that DTM may have for the recent trading
in its securities?
4. Please confirm that DTM is complying with the Listing Rules and, in particular, Listing Rule 3.1.
5. Please confirm that DTM’s responses to the questions above have been authorised and approved under its
published continuous disclosure policy or otherwise by its board or an officer of DTM with delegated
authority from the board to respond to ASX on disclosure matters.
When and where to send your response
This request is made under Listing Rule 18.7. Your response is required as soon as reasonably possible and, in
any event, by no later than 12 PM AEDT Tuesday, 2 April 2024 . You should note that if the information
requested by this letter is information required to be given to ASX under Listing Rule 3.1 and it does not fall
ASX Limited [[Listings]]
#10710580v1
ASX Customer Service Centre 131 279 | asx.com.au
within the exceptions mentioned in Listing Rule 3.1A, DTM’s obligation is to disclose the information
‘immediately’. This may require the information to be disclosed before the deadline set out in the previous
paragraph and may require DTM to request a trading halt immediately.
Your response should be sent to me by e-mail at ListingsComplianceMelbourne@asx.com.au. It should not be
sent directly to the ASX Market Announcements Office. This is to allow me to review your response to confirm
that it is in a form appropriate for release to the market, before it is published on the ASX Market
Announcements Platform.
Trading halt
If you are unable to respond to this letter by the time specified above, or if the answer to question 1 is “yes”
and an announcement cannot be made immediately, you should discuss with us whether it is appropriate to
request a trading halt in DTM’s securities under Listing Rule 17.1. If you wish a trading halt, you must tell us:
•
the reasons for the trading halt;
•
how long you want the trading halt to last;
•
the event you expect to happen that will end the trading halt;
•
that you are not aware of any reason why the trading halt should not be granted; and
•
any other information necessary to inform the market about the trading halt, or that we ask for.
We require the request for a trading halt to be in writing. The trading halt cannot extend past the
commencement of normal trading on the second day after the day on which it is granted. You can find further
information about trading halts in Guidance Note 16 Trading Halts & Voluntary Suspensions.
Suspension
If you are unable to respond to this letter by the time specified above, ASX will likely suspend trading in DTM’s
securities under Listing Rule 17.3.
Listing Rules 3.1 and 3.1A
In responding to this letter, you should have regard to DTM’s obligations under Listing Rules 3.1 and 3.1A and
also to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B. It should be noted that DTM’s
obligation to disclose information under Listing Rule 3.1 is not confined to, nor is it necessarily satisfied by,
answering the questions set out in this letter.
Release of correspondence between ASX and entity
ASX reserves the right to release all or any part of this letter, your reply and any other related correspondence
between us to the market under Listing Rule 18.7A.
Kind regards
ASX Compliance
2/2
ASX Customer Service Centre 131 279 | asx.com.au
#10710580v1
Share your feedback
Discover