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<DIV style=margin-left:36pt;width:540pt><P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>UNITED STATES </B><BR><B>SECURITIES AND EXCHANGE COMMISSION </B><BR>Washington, DC 20549 </P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>FORM 8-K </B></P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>CURRENT REPORT PURSUANT </B><BR><B>TO SECTION 13 OR 15(d) OF THE </B><BR><B>SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>Date of Report (Date of Earliest Event Reported)<B> </B>September 19, 2018</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>SANTA FE GOLD CORPORATION </B><BR>(Exact Name of Registrant as Specified in Its Charter)</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>Delaware</B><BR>(State or Other Jurisdiction of Incorporation)</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top style=padding:0.75pt><P align=center style='font:10pt Times New Roman;margin:0'><B>0-20430 </B></P>
</TD><TD valign=top style=padding:0.75pt><P align=center style='font:10pt Times New Roman;margin:0'><B>84-1094315 </B></P>
</TD></TR>
<TR><TD valign=top style=padding:0.75pt><P align=center style='font:10pt Times New Roman;margin:0'>(Commission File Number) </P>
</TD><TD valign=top style=padding:0.75pt><P align=center style='font:10pt Times New Roman;margin:0'>(IRS Employer Identification No.) </P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>P O Box 25201 </B><BR><B>Albuquerque, NM 87125</B><BR>(Address of Principal Executive Offices)(Zip Code)</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>Registrant's Telephone Number, Including Area Code <B>(505) 255-4852 </B></P>
<P align=center style='font:10pt Times New Roman;margin-top:18pt;margin-bottom:5pt'>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction A.2. below):</P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>( ) Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a -12)</P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b)) </P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>( ) Pre-commencement communications pursuant to Rule 13e-49(c) under the Exchange Act (17 CFR 240.13e -4(c)) <A name=page_2 /></P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;</P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Arial;margin-top:0pt;margin-bottom:10pt;color:#000000'><FONT style='font-family:Times New Roman'><B>Item 1.01 &nbsp;Entry Into a Material Definitive Agreement</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Mr. Laws, a director and former chief executive officer of Santa Fe Gold Corporation (&#8220;the Company&#8221;), entered into a secured promissory note in the principal amount of $930,000 in favor of the Company on September 19, 2018, bearing interest at the annual rate of 4% and maturing September 30, 2018 (&#8220;Secured Promissory Note&#8221;). &nbsp;The Company requested Mr. Laws to execute the Secured Promissory Note as a result of the matters discussed in Item 4.02 below. &nbsp;The security interests include certain real estate and a Cessna model 182G airplane. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin-top:0pt;margin-bottom:10pt;color:#000000'><FONT style='font-family:Times New Roman'><B>Item 4.02 &nbsp;Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review </B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The board of directors formed a special committee on September 26, 2018 to investigate and analyze (i) certain financial transactions in the aggregate amount of approximately $1 million that occurred primarily between January 2017 and March 2018 involving Thomas Laws (our former chief executive officer), and (ii) corporate governance and compliance with federal securities laws.  It is expected that this special committee investigation will be completed in as timely a manner as possible. &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company is also reviewing, among other items, the impact if any of these financial transactions on the previously issued consolidated financial statements for, and financial information relating to, the fiscal year ended June 30, 2017 (&#8220;Financial Statements&#8221;), the most recent financial statements of the Company filed with the Securities and Exchange Commission. &nbsp;Accordingly, pending such determination, such Financial Statements should not be relied upon. &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>It is expected that the determination of whether the Financial Statements can be relied upon, or will need to be restated, will be completed in as timely a manner as possible. &nbsp;In the event that the Financial Statements are required to be restated, the Company will file a Form 10-K/A for the fiscal year ended June 30, 2017. &nbsp;The Company has discussed the foregoing matters with MaloneBailey LLP, the Company&#8217;s independent registered public accounting firm during the period of the Financial Statements, and TAAD LLP, the Company&#8217;s current independent registered public accounting firm. &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company previously concluded that its internal controls over financial reporting were not effective for the period ended June 30, 2017. &nbsp;As a result of these matters addressed above, the Company continues to believe that its internal controls are not effective.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Arial;margin-top:0pt;margin-bottom:10pt;color:#000000'><FONT style='font-family:Times New Roman'><B>Item 5.02 &nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</B></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>In connection with the matters being investigated by the special committee, Mr. Laws (i) entered into the Secured Promissory Note, (ii) transferred $100,000 to the Company on September 20, 2018, (iii) transferred $275,000 to the Company on September 28, 2018, and (iv) was terminated as the at-will chief executive officer of the Company on September 24, 2018.  </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The board of directors has requested Mr. Laws to resign as a director. &nbsp;To date, the Company has not received Mr. Laws&#8217; resignation. &nbsp;No interim chief executive officer has been named to date to replace Mr. Laws. &nbsp;Brian Adair has been named chairman of the board.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><A name=page_3 /><B>SIGNATURE</B></P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>SANTA FE GOLD CORPORATION <BR>(Registrant)</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'>Date: October 1, 2018 </P>
</TD><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>/s/ Frank Mueller </FONT></P>
</TD></TR>
<TR><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'>&#160; </P>
</TD><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'>Frank Mueller </P>
</TD></TR>
<TR><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'>&#160; </P>
</TD><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'>Chief Financial Officer </P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</DIV>
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported)
September 19, 2018
SANTA FE GOLD CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
0-20430
84-1094315
(Commission File Number)
(IRS Employer Identification No.)
P O Box 25201
Albuquerque, NM 87125
(Address of Principal Executive Offices)(Zip Code)
Registrant's Telephone Number, Including Area Code
(505) 255-4852
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
( ) Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a -12)
( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
( ) Pre-commencement communications pursuant to Rule 13e-49(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 1.01  Entry Into a Material Definitive Agreement
Mr. Laws, a director and former chief executive officer of Santa Fe Gold Corporation ("the Company"), entered into a secured promissory note in the principal amount of $930,000 in favor of the Company on September 19, 2018, bearing interest at the annual rate of 4% and maturing September 30, 2018 ("Secured Promissory Note").  The Company requested Mr. Laws to execute the Secured Promissory Note as a result of the matters discussed in Item 4.02 below.  The security interests include certain real estate and a Cessna model 182G airplane.
Item 4.02  Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
The board of directors formed a special committee on September 26, 2018 to investigate and analyze (i) certain financial transactions in the aggregate amount of approximately $1 million that occurred primarily between January 2017 and March 2018 involving Thomas Laws (our former chief executive officer), and (ii) corporate governance and compliance with federal securities laws.  It is expected that this special committee investigation will be completed in as timely a manner as possible.
The Company is also reviewing, among other items, the impact if any of these financial transactions on the previously issued consolidated financial statements for, and financial information relating to, the fiscal year ended June 30, 2017 ("Financial Statements"), the most recent financial statements of the Company filed with the Securities and Exchange Commission.  Accordingly, pending such determination, such Financial Statements should not be relied upon.
It is expected that the determination of whether the Financial Statements can be relied upon, or will need to be restated, will be completed in as timely a manner as possible.  In the event that the Financial Statements are required to be restated, the Company will file a Form 10-K/A for the fiscal year ended June 30, 2017.  The Company has discussed the foregoing matters with MaloneBailey LLP, the Company's independent registered public accounting firm during the period of the Financial Statements, and TAAD LLP, the Company's current independent registered public accounting firm.
The Company previously concluded that its internal controls over financial reporting were not effective for the period ended June 30, 2017.  As a result of these matters addressed above, the Company continues to believe that its internal controls are not effective.
Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
In connection with the matters being investigated by the special committee, Mr. Laws (i) entered into the Secured Promissory Note, (ii) transferred $100,000 to the Company on September 20, 2018, (iii) transferred $275,000 to the Company on September 28, 2018, and (iv) was terminated as the at-will chief executive officer of the Company on September 24, 2018.
The board of directors has requested Mr. Laws to resign as a director.  To date, the Company has not received Mr. Laws' resignation.  No interim chief executive officer has been named to date to replace Mr. Laws.  Brian Adair has been named chairman of the board.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.
SANTA FE GOLD CORPORATION
(Registrant)
Date: October 1, 2018
/s/ Frank Mueller
Frank Mueller
Chief Financial Officer