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Burgundy Diamond Mines Flags $24.9M Related-Party Sales Breach

9:26am on Tuesday 7th of October, 2025 AEDT Mining
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Burgundy Diamond Mines Flags $24.9M Related-Party Sales Breach

9:26am on Tuesday 7th of October, 2025 AEDT
Key Points
  • Breach of ASX Listing Rule 10.1 involving related-party transactions
  • $24.9 million short-term financing secured by rough diamond sales
  • Sales to Choron Group, a related party, suspended pending ASX determination
  • Company to seek shareholder approval and an expert fairness report
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