SUNDANCE RESOURCES Forum: Community User: Scoty82

ASX EXTENSION TO DEADLINE FOR AUTOMATIC DELISTING AustSino Resources Group Ltd (“AustSino” or the “Company”) (ASX: ANS) provides the following market update. As announced on 8 July 2019 and later updated on 6 July 2020, the Agreement with Sundance Resources Limited (“Sundance”) and the noteholders in Sundance (“Noteholders”)(“Sundance Agreement”) was extended with the signing of a new extension letter agreement to 30 September 2020 (“Further Extension Letter”). AustSino’s securities were suspended from official quotation pursuant to ASX Listing Rule 17.2 on 7 September 2018. Under ASX’s policy set out in Guidance Note 33, unless AustSino’s securities have been readmitted to trading or the Company has otherwise obtained an extension from ASX to comply, its securities are automatically delisted two years following suspension. AustSino is pleased to announce that it has received notification from the ASX that it has granted AustSino a three-month extension, to 7 December 2020, for the deadline for automatic removal of the Company from the Official List. During the period to 7 December 2020 ASX will provide to the Company the details of what will be required from the Company in order for its shares to be reinstated to the Official List. ASX has also advised AustSino that no further extension will be considered or granted. AustSino will continue to work with Sundance and the Noteholders for completion of the Sundance Agreement. We will keep shareholders fully informed of any material developments. Authorised for release by Michael Keemink, Executive Director.

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