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Chesser Resources
Exploring for Gold and Base Metals In Turkey

About Chesser Resources

Chesser is an Australian-based ASX-listed exploration company (ASX: CHZ).

Chesser is an Australian-based ASX-listed exploration company, that was focussed on exploring for gold and base metals in Turkey.

In October 2014, the Company executed an agreement for the sale of its  Kestanelik Gold Project in north western Turkey to Nurol Holdings A.S for USD40 million cash consideration.

The sale of the Kestanelik project delivered significant benefits for Chesser shareholders. Pitched at a significant premium to the prevailing share market valuation of the Company, the sale crystallised the value of the project for shareholders, reduced development and funding risks and enabled a capital return of 15 cents per share paid to shareholders on 12 December 2014.

Following changes to the composition of the Baord of Directors in February 2015, the current Board of Directors has resolved to suspend further consideration of investment opportunities in the resources sector until the Board has completed a review of the Company’s strategic and capital management opportunities.

This review will be completed by the Board after the Company's shareholders have had the opportunity to consider an equal access buyback proposed to be undertaken at 2.43 cents per share. An extraordinary general meeting of shareholders is expected to be held in August 2015 to consider the proposed equal access buy back.

 

Notice of Extraordinary General Meeting and Proxy Form

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Chairman's Letter to Shareholders - Strategic Review Update

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September 2014 Quarterly Activities Report and Quarterly Cashflow Report

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Notice of AGM and Proxy Form

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 2014 Annual Report to Shareholders

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Chesser completes sale of Kestanelik Project

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2014 Full year statutory financial report

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Latest reports for download: