Commencement of Proceedings against Amara Minerals

• Great Divide Mining Ltd has initiated legal proceedings against Amara Minerals
• The action is related to an unpaid ATO Liability of $1,056,217.96
• The proceedings seek judgment for the ATO Liability plus interest and costs

Great Divide Mining Ltd (ASX:GDM) has initiated legal proceedings against Amara Minerals in the Supreme Court of New South Wales. The action pertains to an unpaid ATO Liability of $1,056,217.96, which arose from discrepancies in Business Activity Statements (BAS) lodged by CMPL, a subsidiary of GDM, prior to GDM's acquisition of an equity interest in CMPL. Despite letters of demand issued to Amara Minerals, the ATO Liability was not settled. GDM is now seeking judgment for the ATO Liability plus accrued general interest charges, penalties, and other charges, or alternatively, a declaration that Amara Minerals is liable to indemnify GDM for this amount, along with interest and costs. The proceedings are scheduled for 22 May 2026.

null

null