REG - Celsius Resources Ld - ASX Trading Halt

Celsius ResourcesAnnouncement

Mon 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260202:nRSB2806Ra&default-theme=true

RNS Number : 2806R  Celsius Resources Limited  02 February 2026

 

AIM RELEASE

2 February 2026

 

ASX Trading Halt

_______________________________________________________________________________

Celsius Resources Limited ("Celsius" or the "Company") (ASX,AIM:CLA) advises
that trading in the shares of the Company has been halted on the Australian
Securities Exchange ("ASX") effective from 2 February 2026.

 

The Company was required to request a halt in the trading of its securities
upon becoming aware that certain cleansing notices issued by the Company
incorrectly stated that the Company was in compliance with Chapter 2M of the
Australian Corporations Act 2001 (Cth) ("Act").

 

The non-compliance with Chapter 2M of the Act relates to an historical
administrative oversight in relation to the resignation of the Company's
previous auditor that backdates to 2011.

 

The Board is of the view that the oversight described in this announcement is
a serious matter and has requested a trading halt in light of legal advice to
seek Court orders under section 1322 of the Act in respect of the share issues
the subject of the past cleansing notices.

 

The Company wishes to assure shareholders that it is progressing a resolution
to this matter as quickly as possible with a view to having the Company's
shares reinstated to trading on the ASX without delay. Details of this matter
are noted below.

 

Recently the Company initiated a process to change the Company's auditor from
RSM Australia Partners (RSM), who have acted for the Company since 2011, to
Grant Thornton. As part of the standard process in such circumstances, the
Board requested that RSM apply to the Australian Securities and Investments
Commission (ASIC) for ASIC's consent to the resignation of RSM as the
Company's auditor, in accordance with the process outlined in section 329(5)
of the Act.

 

The Board were subsequently informed that ASIC had declined RSM's application
on the basis that ASIC's records show BDO Audit (WA) Pty Ltd (BDO) as the
current auditor.

 

Upon receipt of ASIC's response, the Company commenced an investigation into
the circumstances surrounding the purported resignation of BDO as the
Company's auditor in 2011. Based on the evidence available to the Company, it
appears that BDO's resignation had not been registered with ASIC in 2011 as it
should have been at that time and therefore did not take effect in accordance
with the requirements of section 329(8) of the Act.

 

A number of technical contraventions of the Act affecting the Company follow
from this oversight. The Company will shortly apply to the Supreme Court of
Western Australia for orders under section 1322 of the Act declaring that,
amongst other things, the appointment of RSM as auditor of the Company in 2011
is not invalid and does not constitute a contravention of Chapter 2M of the
Act.

 

Further details are provided below in the full ASX announcement, a copy of
which is accessible here: ASX update regarding trading halt and appointment of
auditor
(https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03051961-6A1310050&v=undefined)

 

Further announcements relating to this matter will be made in due course.
Trading of the Company's shares on the AIM market of the London Stock Exchange
remains unaffected.

 

Celsius Resources Contact Information

Level 5, 191 St. Georges Terrace

Perth WA 6000

 

PO Box 7059

Cloisters Square PO

Perth WA 6850

 

P: +61 8 9324 4516

E: info@celsiusresources.com.au (mailto:info@celsiusresources.com.au)

W: www.celsiusresources.com (http://www.celsiusresources.com)

 

 Celsius Resources Limited
 Neil Grimes                                                     P: +61 419 922 478

                                                                 E: info@celsiusresources.com.au (mailto:info@celsiusresources.com.au)

                                                                 W: www.celsiusresources.com (http://www.celsiusresources.com)
 Multiplier Media

 (Australia Media Contact)                                       M: +61 402 075 707

 Jon Cuthbert                                                    E: jon.cuthbert@multiplier.com.au (mailto:jon.cuthbert@multiplier.com.au)

 Zeus

 (Nominated Adviser)

 James Joyce/                                                    P: +44 (0) 20 3 829 5000

 James Bavister

 (Broking)

 Harry Ansell

Zeus Capital Limited ("Zeus") is the Company's Nominated Adviser and is
authorised and

regulated by FCA. Zeus's responsibilities as the Company's Nominated Adviser,

including a responsibility to advise and guide the Company on its
responsibilities under

the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed
solely to

the London Stock Exchange. Zeus is not acting for and will not be responsible
to any

persons for providing protections afforded to customers of Zeus nor for
advising them in

relation to the proposed arrangements described in this announcement or any
matter referred to in it.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCGLGDDXXGDGLD



            Copyright 2019 Regulatory News Service, all rights reserved