Beyond the numbers with Grant Thornton: Listen now
Since their appointment, the Receivers have stabilised a key workforce, are working closely with an all of Queensland Government approach to meet government expectations and best determine the future of the mining interests, along with maintaining a high standard of care and maintenance of the mining sites.
The Receivers and Managers advise they are now proceeding to a sale campaign and are inviting expressions of interest for the purchase of the Group and/or assets in North Queensland.
“Aurora’s mining operations have a significant land holding in Queensland, with tenements on four mines and a variety of licenses and exploration permits, and we expect the sale to be swift,” said Philip Campbell-Wilson, Partner at Grant Thornton.
The Receivers and Managers will be accepting non-binding indicative offers until 5:00pm (AEST) on 21 August 2023, and subject to the nature of offers and the proposed structure of offers, the Receivers and Managers may consider and look to transact with multiple parties for different operations and assets of the Group.
Press release
Grant Thornton appointed as Receivers for Aurora Metals Limited
11 Aug 2023
On 3 July 2023, Grant Thornton partners Philip Campbell-Wilson and Said Jahani were appointed as Receivers and Managers of Aurora Metals Limited, subsequent to the Administrators being appointed.
Since their appointment, the Receivers have stabilised a key workforce, are working closely with an all of Queensland Government approach to meet government expectations and best determine the future of the mining interests, along with maintaining a high standard of care and maintenance of the mining sites.
The Receivers and Managers advise they are now proceeding to a sale campaign and are inviting expressions of interest for the purchase of the Group and/or assets in North Queensland.
“Aurora’s mining operations have a significant land holding in Queensland, with tenements on four mines and a variety of licenses and exploration permits, and we expect the sale to be swift,” said Philip Campbell-Wilson, Partner at Grant Thornton.
The Receivers and Managers will be accepting non-binding indicative offers until 5:00pm (AEST) on 21 August 2023, and subject to the nature of offers and the proposed structure of offers, the Receivers and Managers may consider and look to transact with multiple parties for different operations and assets of the Group.
Experts / Authors
Carla van den Hoorn
Communications Manager at Grant Thornton Australia
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