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Star Minerals Secures Court Orders Validating Auditor Appointment and Share Trading Compliance

Story Highlights
  • Star Minerals obtained court orders confirming the validity of its change in auditors despite procedural oversights.
  • The court upheld past cleansing notices, ensuring prior share issues and on-market trading remain compliant and allowing trading to resume.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Star Minerals Secures Court Orders Validating Auditor Appointment and Share Trading Compliance

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Star Minerals Ltd. ( (AU:SMS) ) has provided an announcement.

Star Minerals Limited has secured court orders from the Supreme Court of Western Australia validating the resignation of its former auditor Elderton Audit Pty Ltd and the appointment of Nexia Perth Audit Services Pty Ltd, despite an earlier administrative failure to obtain shareholder approval at its 2025 AGM. The Court also confirmed the effectiveness of Star Minerals’ cleansing notices for share issues between March and November 2025, ensuring that secondary trading of those shares remains valid and compliant, thereby resolving a regulatory compliance issue and enabling the company to lift its voluntary trading suspension and restore normal market operations.

More about Star Minerals Ltd.

Star Minerals Limited (ASX: SMS) is an Australian-listed resources company operating in the mining and exploration sector. The company’s activities are governed by Australian corporate and securities regulations, including audit and disclosure requirements under the Corporations Act, reflecting its engagement with public capital markets and a broad base of shareholders.

Average Trading Volume: 1,170,681

Technical Sentiment Signal: Hold

Learn more about SMS stock on TipRanks’ Stock Analysis page.

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