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AuStar Gold Enters into Discussions with Centennial Mining Administrators

AuStar Gold Ltd (ASX:AUL) (“AUL”, or, “the Company”) advises that following a number of recent unsolicited approaches from existing creditors of Centennial Mining Limited (ASX:CTL, Administrators Appointed), AuStar Gold has entered into discussions with the Administrators, Korda Mentha, and other parties to assess the potential of proposing a Deed of Company Arrangement (DOCA) to Centennial Mining Limited creditors.

AuStar Gold expects to make further announcements in the coming days regarding the details of any proposed DOCA, and encourages all existing creditors of CTL to take no immediate action regarding any alternative proposals until AuStar Gold provides further updates.

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