Australia's Astron slips on uncertainty over Gambia dispute resolution

Astron

01/05/2025 06:17

** Astron ATR.AX sheds 6% to A$0.47; set for biggest intraday pct drop since April 11

** Critical minerals miner reports uncertainty in enforcing the ~A$35 mln ($22.4 mln) and award by the International Centre for Settlement of Investment Disputes against The Gambia

** Says it is currently pursuing recognition of this award through the High Court of Justice in England

** Expects the conversion of the award into a high court judgment to be completed by Q4, but notes it is subject to court's decision and carries "inherent uncertainty"

** ATR loses 17.7% YTD

($1 = A$1.5630)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))