AUMAS

0.535

-0.015 (-2.7%)

UPDATE ON THE LEGAL PROCEEDINGS VIDE HIGH COURT OF SABAH AND SARAWAK AT TAWAU SUIT NO. TWU-22NCvC-5-2/2024 ON THE EX-PARTE INJUNCTION GRANTED ON 29 MAY 2025 ("EX-PARTE INJUNCTION")

AUMAS RESOURCES BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-03062025-00003
Subject UPDATE ON THE LEGAL PROCEEDINGS VIDE HIGH COURT OF SABAH AND SARAWAK AT TAWAU SUIT NO. TWU-22NCvC-5-2/2024 ON THE EX-PARTE INJUNCTION GRANTED ON 29 MAY 2025 ("EX-PARTE INJUNCTION")
Description
AUMAS RESOURCES BERHAD (FKA BAHVEST RESOURCES BERHAD ("AUMAS' OR THE COMPANY") 
ADDITIONAL INFORMATION FOR THE UPDATE ON THE LEGAL PROCEEDINGS VIDE HIGH COURT OF SABAH AND SARAWAK AT TAWAU SUIT NO. TWU-22NCVC-5-2/2024 ON THE EX-PARTE INJUNCTION GRANTED ON 29 MAY 2025
Query Letter Contents

We refer to your Company’s announcement dated 30 May 2025 in respect of the aforesaid matter.
 

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

 

1. The estimated potential liability to Aumas Resources group, arising from the ex-parte injunction.

2. Whether Wullersdorf Resources Sdn Bhd is a major subsidiary of Aumas Resources.

3. The expected financial and operational impact to Aumas Resources group arising from the ex-parte injunction.

4. The steps taken or proposed to be taken by Aumas Resources in respect of the ex-parte injunction.

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,
Listing

Regulation
 

Cc : Market Surveillance Dept. , Securities Commission 

Unless otherwise stated, all abbreviations used herein shall have the same meaning as those mentioned in the announcement dated 30 May 2025 in relation to the Ex-Parte Injunction.

 

The Board of Directors of AuMAS Resources Berhad (Formerly known as Bahvest Resources Berhad (“AuMAS” or “the Company”) wishes to inform that the Company has received Bursa Malaysia Securities Berhad’s request dated 3 June 2025 for additional information in relation to the Company’s announcement made on 30 May 2025. The additional information are as follows:

 

1. The estimated potential liability to AuMAS Resources Group, arising from the ex-parte injunction.

 

The ex-parte injunction, granted by the Sabah High Court, prohibits the defendants from obstructing rectification or modification works on the Tailings Storage Facility (TSF)’s perimeter drainage system and ensures unrestricted access for vehicles, equipment, and personnel involved in the repairs.

 

No potential liability arises to AuMAS Resources Group from this ex-parte injunction, as the injunction was granted in favour of the Group to protect its rights to conduct necessary repair works.

 

 

2. Whether Wullersdorf Resources Sdn. Bhd. is a major subsidiary of AuMAS Resources Berhad.

 

Wullersdorf Resources Sdn. Bhd. is a wholly-owned subsidiary of AuMAS and is a major subsidiary of AuMAS.

 

 

3. The expected financial and operational impact to AuMAS Resources Group arising from the ex-parte injunction.

 

The deliberate damage to the Group's TSF did cause temporary disruption to our mineral processing operations. However, the Management does not expect material financial impact to the Group, as:

  • repair works have been completed expeditiously.
  • the ex-parte injunction facilitates rather than hinders operational recovery by preventing further interference.

The Group will continue to monitor any residual impacts and will provide updates if circumstances change materially.

 

 

4. The steps taken or proposed to be taken by AuMAS Resources in respect of the ex-parte injunction.

 

The Group has taken the following actions regarding the ex-parte injunction:

 

Immediate Actions Completed:

  • commenced and completed all necessary repair works to the TSF perimeter drainage system.

 

Ongoing Actions:

  • actively engaging with relevant Sabah authorities to obtain operational clearance.

 

The Management maintaining readiness to resume full mineral processing operations immediately upon regulatory approval.

 

The Group remains committed to maintaining operational integrity while ensuring full compliance with all legal and regulatory requirements.

 

 

This announcement is dated 5 June 2025.





Announcement Info

Company Name AUMAS RESOURCES BERHAD
Stock Name AUMAS
Date Announced 05 Jun 2025
Category General Announcement for PLC
Reference Number GA1-05062025-00044