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Principle 5: Make timely and balanced


A listed entity should make timely and balanced disclosure

of all matters concerning it that a reasonable person

would expect to have a material effect on the price or

value of its securities.

Continuous disclosure

The Company must comply with the continuous disclosure

requirements of the ASX Listing Rules and Corporation

Act, which requires it to disclose to the ASX any

information concerning the Company that a reasonable

person would expect to have a material effect on the

price or value of the Company’s securities unless certain

exemptions from the requirements apply. To ensure it

meets its continuous disclosure obligations, the Board

itself, through the CEO, is responsible for determining and

approving all continuous disclosure matters.

The Company rigorously polices its continuous disclosure

responsibilities to ensure a fully informed market at all

times. The Company’s Continuous Disclosure Policy is

available on the Company’s website.

Ethical standards

The Board recognises the need for Directors and

employees to observe the highest standards of behaviour

and business ethics when engaging in corporate activity

especially in developing jurisdictions.

The Company officers and employees are required to act

in accordance with the law and with the highest ethical

standards and in compliance with Australian and the

laws of each country in which it operates. In addition to

the Trading Policy, on joining the Board, the Directors are

required to sign a Director’s disclosure statement. This

sets out their obligations regarding disclosure of dealing

in the Company’s securities.

Each quarter at formal Board meetings or other

meetings when convened Directors are required to make

disclosures of any matters that may have altered or where

any matter to be discussed by the Board might give rise to

a conflict of interest. Where a conflict of interest may arise

the relevant Director(s) may be asked to leave the meeting

to ensure full and frank discussion of the matter(s) under

consideration for determination.

Principle 6: Respect the rights of

security holders

A listed entity should respect the rights of its security

holders by providing them with appropriate information

and facilities to allow them to exercise those rights


Shareholder communication

The Board strives to ensure that shareholders are

provided with sufficient information on a continual

basis to assess the activities and performance of the

Company and its Directors to enable shareholders to

make well informed investment decisions. Information

is communicated to shareholders through:

quarterly, half-yearly and audited annual financial


annual and other general meetings convened for

shareholder review and where necessary approval

of Board proposals

continuous disclosure of material changes to the

ASX for open access to the public, as set out in the

Company’s continuous disclosure policy

the Company’s website at

where all ASX announcements, notices and financial

reports are published as soon as possible after

release to the ASX.

Shareholders are actively encouraged to become

‘online shareholders’ by registering electronically

with the Company to receive an email notification of

announcements as they are made. The Company

endeavours to respond to all shareholder queries on

a prompt and courteous basis.

All information disclosed to the ASX is automatically

posted on the Company’s website as soon as it

is disclosed to the ASX. This is achieved through

a sophisticated web interface with the ASX online

lodgement system.

The auditor is invited to attend the Annual General

Meeting of shareholders.

Corporate Governance