• Group 6 Metals Ltd breached ASX Listing Rule 10.1 due to related-party transactions
• Transactions involved mining equipment and services from entities controlled by a director
• Company will seek shareholder approval to remedy breaches on 3 July 2026
• Independent Expert's Report deems transactions fair and reasonable to non-associated shareholders
• Company has updated internal processes to prevent future breaches

Group 6 Metals Limited (ASX: G6M) has reported breaches of ASX Listing Rule 10.1 due to transactions with related parties, specifically entities controlled by Mr. Dale Elphinstone, who became a director on 4 December 2024. The Company continued to engage in commercial transactions for mining equipment and services from these entities without obtaining necessary shareholder approval, which was required due to the Company's negative equity position. The Company has lodged a Notice of General Meeting and Explanatory Statement detailing the transactions and has commissioned an Independent Expert's Report, which concludes that the transactions are fair and reasonable to non-associated shareholders. The Company plans to seek shareholder approval on 3 July 2026 to address the breaches.

Company to seek shareholder approval for transactions on 3 July 2026

Company has updated internal processes to prevent future breaches and has returned to a positive equity position