Company News & Announcements

Share Capital

Balamara Resources Limited is pleased to announce it has instituted the sale of ordinary shares for holders of small and unmarketable numbers of shares in the Company.  Shareholders wishing to avail themselves of this service should contact the Company Secretary, Mathew Smith at m.smith@balamara.com.au . The current number of shares in issue is displayed below


SHARES IN ISSUE

Shares Directory

If you have any concerns regarding the shares you own or that you intend to purchase in Balamara Resources Ltd, do not hestitate to contact us or our Share Registry. Use the button below to go Contact form.

We strongly suggest you subscribe to our Company newsletter to keep in touch with all of the ongoing progress both at our Projects and at the Company.  A sign up form appears below in the footer.

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Company Announcements

01/08/2020

Update on the administrative process for obtaining a Mining Licence for Nowa Ruda

In the spirit of full disclosure, the Board of Balamara Resources provides shareholders with an update on the current status of its administrative proceedings for obtaining our Nowa Ruda Mining Licence.  The attached infographics, show all of the developments and numbers involved with the process, including the time-line and all the interactions and documents submitted as part of the process.

Parallel to the ongoing administrative proceedings, the Company has completed and submitted Amendment No 2 to the Geological Documentation of the Nowa Ruda Deposit.  Once approved, the Amendment to the Geological Documentation will secure the exclusive rights for the deposit for the next 3 years.


31/07/2020

Balamara submits Geological Documentation for Sawin Deposit

We are pleased to announce that final Geological Documentation for Sawin 1 deposit has been succesfully submited to Ministry of Climate in Warsaw on July 31st, 2020.

On the right you can see Company General Director, Mr. Andrzej Zibrow standing with final documentation in front of the Ministry of Climate building.


17/03/2020

Balamara Commences works on “PZZ” Report for Sawin Project

Balamara is pleased to announce the commencement of next milestone on its way towards Mining Licence for the Sawin Project. Works on Deposit Development Plan (“PZZ”) were initialized based on completed, own Geological Documentation for Sawin 1  Deposit, being currently submitted and a mater of approval proceddings within the Ministry of Climate (once approved, the Geological Documentation will secure the exclusive rights for the deposit for the next 3 years). Majority of works is being conducted inhouse, while the most crucial aspects, especially in terms of surface stability and hydrology are being completed in cooperation with specialists form acknowledged scientifical units from Poland.

PZZ document reflects technological aspects of designed mining operations at “Karolina 1 Mining Area” within central part of the deposit, being the first out of three designed stages of mining the Sawin 1 Deposit. PZZ will also constitute a solid base for all technological inputs to the Environmental Impact Assessment report, which will be proceeded thereafter.

Balamara anticipates its Deposit Development Plan to be completed in Q3 of 2020.


09/01/2020

Results on Annual General Meeting

We encourage you to get in touch with Results of Annual General Meeting as well as with Minutes document:

16/12/2019

Status of KZK for Sawin 1 and early mining of Seam S391

Balamara is pleased to announce that it is completing the official Geological Documentation associated with the Sawin 1 deposit. See below for full text announcement:

Sawin-announcement_December-16th-2019 (2)


12/12/2019

Notice of Annual General Meeting

Annual General Meeting will be hold on January 06th  in Perth. See below for full notice:

BMB-Notice-of-AGM-and-proxy-form (1)


04/11/2019

Full-year financial report

Balamara Resources Limited announces the release of its full-year financial report as for 30th of June , 2019 to public. You can download the PDF file by clicking below:

Financial-Annual-Report-30-June-2019-Balamara-Resources-Ltd


03/09/2019

Results of Extraordinary General Meeting

An Extraordinary General Meeting of the company was held on 30th August 2019, at 4:00pm (WST). The resolution voted was in accordance with the notice of extraordinary general meeting previously advised. See below for full document:

Results-of-meeting (1)

05/08/2019

Announcement for Shareholders

The Board of Balamara Resources thanks Ample Skill for requesting the conversion of all the outstanding convertible bonds at the forthcoming shareholders meeting.

Balamara Executive Chairman Derek Lenartowicz  said ‘Balamara has benefitted greatly over the past years through the strong support of its major shareholder. The removal of the outstanding liabilities from the Balamara balance sheet will assist with the debt funding for the company’s transition to the construction phase at Nowa Ruda.

The Balamara Board is very supportive of the resolutions at the shareholders meeting and would like to encourage shareholders to also support the resolutions and to forward their proxy forms by email.


01/08/2019

Extraordinary General Meeting

The Company gives notice that an Extraordinary General Meeting of Shareholders (Extraordinary General Meeting) will be held at: Time: 4pm Date: Friday 30 August 2019 Place: Level 2, 100 Railway Road, Subiaco Western Australia The Explanatory Statement attached the Notice below provides additional information on matters to be considered at the Extraordinary General Meeting. The Explanatory Statement, Independent Expert’s Report and Proxy Form shall each form part of this Notice.

Proxy-Form-Balamara-Resources-Limited-EGM Notice-of-Meeting-and-Explanatory-Statement-Balamara-Resources


04/06/2019

Balamara Accelerates In-house Mine Works

In order to maintain our momentum we have identified a number of opportunities that are now being addressed and are progressing contemporaneously. See below for full text announcement:

Announcement-04062019-ENG (1)


22/05/2019

Half-year Financial Report 2018

Balamara Resources Limited announces the release of its full-year financial report as for 31st of December, 2018 to public. You can download the PDF file by clicking below:

Final Half-Yearly Financials – 31 Dec 2018


09/01/2019

Results of Annual General Meeting

Annual General Meeting has been held on January 9th  in Perth. See document below for full report


03/01/2019

Notice of Annual General Meeting

Annual General Meeting will be hold on January 09th  in Perth. See below for full notice

20/12/2018

Full-year Financial Report 2018

Balamara Resources Limited announces the release of its full-year financial report as for 30th of June , 2018 to public. You can download the PDF file by clicking below:

Final-Annual-Report-30-June-2018-Balamara-Resources-Ltd


10/12/2018

Balamara signs Terms Sheet for Mine Development at Nowa Ruda

The construction of the Nowa Ruda coking coal mine moved a significant step closer today with Balamara signing a Project Finance Terms Sheet with UK based finance group Broughton Capital Group. See below for full text announcement.


03/12/2018

Balamara secures placement to fund the Company.

Balamara Resources Limited, has today secured a placement to maintain the company’s momentum towards the construction of the Nowa Ruda coking coal mine in southern Poland. See below for full text announcement.


17/07/2018

Balamara lodges application for mining licence at Nowa Ruda.

Balamara Resources Ltd. through its wholly owned subsidiary Coal Holding Sp z o o has now lodged it’s application for the licence to mine coking coal at Nowa Ruda. This is the final step in the administrative process allowing Balamara to proceed with the extraction of hard coking coal suitable for the production of foundry coke required by European industry. The current strong demand for this commodity is reflected in its high market price. The adjacent coking plants currently import missing ranks for blending from Australia and the USA to supply this market.

We are particularly pleased by the governments acceptance of our application which involved providing evidence of our financing through to production’ – said Derek Lenartowicz Executive Chairman of Balamara. We have enjoyed great support from the local community, their elected representatives, the Church and the Trade Union leadership and Balamara will work closely with all stakeholders to reward their faith in us. We expect to commence construction in the first half of 2019 with first coal in late 2020’ – he said.

Please see below local coverage of the decision by the government to accept Balamara’s application.

TV coverage from regional station of national broadcaster, they kindly provided English subtitles.


04/06/2018

News1

Balamara receives Environmental Approval for Nowa Ruda

See below for Nowa Ruda’s Environmental Decision announcement:


31/01/2018

Results of Annual General Meeting

Annual General Meeting has been held on January 31st  in Perth. See document below for full report

Results of meeting January_31_2018


04/12/2018

Notice of Annual General Meeting

Notice of BMB annual general meeting 2018

 

Quantum and terms of the recent convertible funds raising


The Board of Balamara Resources Ltd is delighted to report the strong on-going support of its major shareholders for our Sawin and Nowa Ruda projects and hereby discloses to shareholders the precise quantum and terms of the convertible fund raising that has taken place during last nine months:


Ample Skills

Tranche

Date Rate Principal Interest Conversion Converted Conversion Price

Shares

34

2/10/2018 5%

$450,000.00

$20,465.75

30/08/2019

$470,465.75

0.03

15,682,192

35

6/09/2019

5%

$250,000

$11,232.88

$261,233

0.03

8,707,763

36

12/09/219

5%

$100,000

$4,410.96

$104,411

0.03

3,480,365

37 23/09/2019 5%

$200,000

$8,520.55

$208,512

0.03

6,950,685


Vulpes Fund – Loan agreement

CR000687 CR 28/02/2020 2-1720 Vulpes Distressed Fund $189,393.94 125,000 USD
CR000688 CR 24/02/2020 2-1720 Vulpes Distressed Fund $45,454.55 30,000 USD
CR000663 CR 25/11/2019 2-1720 Vulpes Distressed Fund – Convertible Loan $115,214.18 78,000 USD
CR000701 CR 13/03/2020 2-1720 Vulpes Distressed Fund – Convertible Loan $1,421,793.25 875,000 USD


Bright Agile – Loan agreement

CR000676 CR 18/12/2019 2-1720

Loan from Bright Agile LTD

80,000 USD
CR000677 CR 19/12/2019 2-1720

Loan from Bright Agile LTD

170,000 USD
CR000686 CR 11/02/2020 2-1720

Loan from Bright Agile LTD

200,000 USD


Andrew Doman – Loan agreement

CR000664 CR 25/11/2019 2-1720 Shareholder Loan from Andrew Doman $114,168.39 77,292 USD

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