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WA court orders winding up of Eastern Goldfields

16th August 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – The ASX suspended shares of Eastern Goldfields from being traded on Wednesday after the Western Australian Supreme Court ordered that the company be wound up and a liquidator be appointed.

Assay provider Genalysis Laboratory Services lodged the winding up case, which was heard on Tuesday.

The gold producer, which owns the recently commissioned Davyhurst plant, also faced a winding up application from Deloitte Tax Services, which was due in court in September.

Meanwhile, project house GR Engineering has also gone into a trading halt, as the company considers the implications of the winding-up of Eastern Goldfields. In July, GR Engineering launched its own legal proceedings against Eastern Goldfields in the Supreme Court claiming A$9.9-million plus interest and costs for work done on the Davyhurst gold processing plant.

The processing plant this week poured its first carbon-in-pulp gold from the newly refurbished 1.2-million-tonne-a-year Davyhurst plant.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

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