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Admiralty Resources NL ( (AU:ADY) ) has provided an update.
Admiralty Resources NL has announced a continuing delay in lodging its audited annual financial statements for the year ended 30 June 2025, citing ongoing work with its auditors to ensure full compliance with IFRS standards and a bottleneck caused by the non-receipt of audited project accounts from its Hainan-based project manager, for which a third party is contractually responsible. The company’s shares remain suspended from trading while it works with advisers, auditors and the third party to finalise the accounts, underscoring that completion of the audit process depends on factors beyond its direct control and leaving investors awaiting further updates on when normal reporting and trading might resume.
More about Admiralty Resources NL
Admiralty Resources NL is a diversified mineral exploration company listed on the ASX, with core interests in Chile and Australia. Its flagship asset is the Mariposa Iron Ore Project in Chile, a JORC 2012-compliant iron ore resource with significant measured, indicated and inferred reserves, supported by favourable nearby rail, port, road and power infrastructure. The company has partnered with Hainan Xinlei Management Co Ltd for project finance, management and operations at Mariposa, and also holds additional Chilean exploration tenements, as well as a 50% interest in the Pyke Hill cobalt and nickel project in Western Australia.
Average Trading Volume: 397,200
Technical Sentiment Signal: Sell
Current Market Cap: A$15.78M
Find detailed analytics on ADY stock on TipRanks’ Stock Analysis page.