Key Highlights

  • Liberty Metals Ltd became El Dorado Goldfields Ltd (ASX:EDO), trading under the new code from the start of trading on 23 October 2026.
  • The company says the name reflects its focus on the Oko North and Oko South projects in the Oko Gold District of Guyana.
  • The Annual General Meeting on 23 November 2026 includes a proposed 30-to-1 consolidation of shares, Options and performance rights.

Liberty Metals Ltd, previously listed as LIB, has become El Dorado Goldfields Ltd (ASX:EDO) and will trade under the ASX Code EDO from the start of trading on Friday 23 October 2026. The company announced the change on 22 October. Shareholders approved the new name by special resolution at a general meeting announced on 14 October 2026, and the Australian Securities and Investments Commission has processed the change.

According to the company, the new name reflects its focus on the Oko North and Oko South projects in the Oko Gold District of Guyana, which it first announced to the ASX on 12 August 2026. Chairman Nicholas Katris said the name references the gold endowment of the Guiana Shield and the company's ambition to make a major discovery there. The company says early exploration has confirmed hard-rock gold mineralisation at Oko North, citing its 21 September 2026 announcement. This is an exploration observation and not a mineral resource.

The August placement

The notice of meeting describes the funding for the Guyana strategy. On 20 August 2026 El Dorado Goldfields (ASX:EDO) issued 815,000,000 shares at A$0.0025 each following a Placement announced on 12 August. The issue price was a 37.5 per cent discount to the A$0.004 Market Price at issue. The placement raised A$2,037,500 from sophisticated and professional investors identified through a bookbuild with non-related parties. The company says A$750,000 is allocated to Oko North and Oko South work, including data compilation, geological mapping, geochemical sampling and maiden auger drilling, with the remainder covering placement costs and working capital. The 815,000,000 shares represent about 9.94 per cent of diluted securities on issue at 25 November 2025.

Annual general meeting and consolidation

The annual general meeting is scheduled for 10:00am Western Australian time on Monday 23 November 2026. The notice lists the venue as 15B, 531 Hay Street, Subiaco, while the proxy form shows Suite 2, 68 Hay Street, Subiaco, so shareholders are advised to confirm the location. Proxies are due by 10:00am on 21 November.

Six resolutions are proposed. They cover adoption of the remuneration report, the election of Steve Letwin and Travis Schwertfeger, who joined the board on 5 and 26 August 2026 respectively, the re-election of Timothy Morrison, approval of an additional 10 per cent placement capacity under Listing Rule 7.1A, and a consolidation of capital. The 7.1A mandate needs a special resolution with at least 75 per cent of votes cast, and the company says recipients of any such issue have not been determined. The board recommends voting in favour of every item.

Under the consolidation, every 30 shares, options or performance rights would become one of the same type, with fractions rounded up. The notice shows 10,201,218,833 shares reducing to 340,040,628. Listed options exercisable at A$0.0025 and expiring on 17 October 2029 would become 74,678,573 options at A$0.075, and 3,500,000,000 performance rights expiring on 12 December 2028 would become 116,666,667.

Directors and timetable

Mr Letwin is described as a former president and chief executive of IAMGOLD, and Mr Schwertfeger as a geologist with more than 25 years in gold and copper exploration, formerly with Newmont. Mr Morrison is described as having more than 20 years in early-stage resource capital raising. The board considers all three directors independent if elected.

The indicative consolidation timetable runs from Shareholder approval on 23 November, an effective date of 24 November and last pre-consolidation trading on 25 November, to a Record Date of 27 November and the end of deferred settlement trading on 4 December 2026. The consolidation depends on the shareholder vote, which has not yet taken place.