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Newfield Resources Limited

An Australian diamond resources company focused on the development of mining assets in West Africa

INDUSTRY

Mining/Resources

STATUS

Open

OPEN TO

Public

Investment Highlights


Newfield Resources Limited is focused on the Tongo Diamond Project in Sierra Leone, a kimberlite dyke-hosted diamond project.

The Tongo Project is located in eastern Sierra Leone and has historically been the Company’s flagship diamond asset.

The Company is assessing and implementing a recapitalisation and restructure plan directed at restoring financial stability and preserving shareholder value.

Newfield has established a PrimaryMarkets Trading Hub to assist existing shareholders and eligible buyers with secondary trading in Newfield securities following removal from the ASX official list.

Company Overview


World

Newfield Resources Limited is an Australian public company focused on diamond mine development and operations in Sierra Leone.

star

The Company's principal asset is the Tongo Diamond Project, located in eastern Sierra Leone.

Lightning

The Company is progressing a recapitalisation and restructure plan following a period of operational and financial difficulty.

symbol

The Trading Hub is intended to provide a controlled secondary trading facility for existing shareholders and eligible buyers.

Newfield Resources Limited is an Australian public company focused on diamond mine development and operations in Sierra Leone. The Company's principal asset is the Tongo Diamond Project, located in eastern Sierra Leone.

The Tongo Project is a kimberlite dyke-hosted diamond project and has historically been the Company's flagship asset. Publicly available company materials describe the broader project area as covering approximately 134 km2 and hosting multiple known kimberlite dykes.

Newfield has experienced an extended period of operational and financial difficulty and is currently assessing and implementing a recapitalisation and restructure plan. The objective of that process is to restore financial stability, address creditor and balance sheet issues, and preserve value for shareholders.

Following Newfield's removal from the ASX Official List, the Company has established a Trading Hub with PrimaryMarkets to assist existing shareholders and eligible buyers with secondary trading in Newfield securities. The Trading Hub is not a public offer of securities and is not intended to operate as a prospectus, recommendation or investment advice.

Investors and shareholders should review all available information, seek their own independent legal, financial and taxation advice, and carefully consider the risks associated with holding or acquiring securities in an unlisted public company.

Previous Funding


Date

Terms

Amount

Notable Investors

2023

Short-Term Bearer Bonds

US$1M

Deutsche Balaton / Fidelitas-related funding 

2024

LOAN FACILITY

US$10M Facility - A$2.24M Drawn

Wonder Holdings

Products & Services


Newfield Resources Limited is a diamond resources company. Its principal business is the development and operation of the Tongo Diamond Project in Sierra Leone.

The Company's activities have historically included:

  • diamond mine development;
  • underground and kimberlite dyke-hosted diamond project evaluation;
  • mine restart planning;
  • mineral resource development;
  • engagement with Sierra Leone regulatory authorities; and
  • operational, technical and financial planning for the Tongo Project.

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