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IPO Watch
Gearing up to list this week is Taiton Resources, followed by a plethora of resources companies, drone developers, and scientific verification companies throughout November and December.
But please note that these listing dates are extremely speculative.
If you’re interested, contact the company direct for a better idea of when they expect to start trading on the ASX.
Listing: 4 November
IPO: $10m at $0.20
Taiton’s projects include the Lake Barlee gold project in WA, the Highway polymetallic project in SA, and the Challenger West gold project also in SA.
The company believes its dominant land holding at the Highway Project will allow it to potentially uncover the next elephant deposit in Australia.
Taiton will be undergoing a series of grassroots exploration and also several walk-up drilling targets.
Tiger Tasman Minerals (ASX:T1G)
Listing: 14 November
IPO: $8m at $0.20
Tiger Tasman Minerals has projects in WA and QLD focused on copper, lithium, nickel, manganese, silver, gold, base metals and industrial minerals (DMM) essential to the global clean energy transition, decarbonisation and a more sustainable future.
The projects are in proven and prospective jurisdictions including Paterson Province, Fraser Range, Earaheedy Basin, Ashburton and the Townsville region.
The Iron Skarn silver-copper-lead-zinc project (QLD), the Copper Canyon copper-gold project (WA), the Fraser Range lithium-nickel-copper project (WA), the Mt Minnie manganese project (WA) and the Crater copper-zinc-lead-silver-gold project (WA).
Nightingale Intelligent Systems (ASX:NGL)
Listing: 15 November
IPO: $6m at $0.22
This company develops and sells Unmanned Aerial Vehicles (UAVs) or drones for commercial applications – and there’s a bunch of them.
NGL says its tech has applications across solar farms, ports, O&G facilities, critical infrastructure like dams and power stations, in construction, border patrol, securing pipelines, fire and oil spills along with search and rescue, crowd control and for prisons.
Basically, the drones can respond to a threat; when a security alarm is triggered the system automatically dispatches a drone to the alarm location and streams live video to the security team.
Desoto Resources (ASX:DES)
Listing: 15 November
IPO: $12m at $0.20
DeSoto holds the Pine Creek project in the Northern Territory’s prolific Pine Creek gold and pegmatite province.
The company’s six granted licences will cover 1,467km2 and three licence applications cover 420km2.
Historical drilling has identified gold mineralisation hosted but there has been no lithium exploration conducted in the Project area – which DeSoto sees as a “significant” opportunity.
They also take encouragement from the fact that Core Lithium (ASX:CXO) recently acquired ground adjacent to the Pine Creek Project and is now exploring for lithium across the Project area.
Listing: 16 November
IPO: $32.5m at $0.20
This resources player is focused on developing a gold platform in West Africa.
The company is primarily focused on the development of the Kobada Gold Project in Southern Mali, which has a global resource base of over 2.3 Moz of gold and the potential to produce more than 100,000 ounces of gold per annum.
Source Certain International (ASX:SC1)
Listing: 16 November
IPO: $7m at $0.20
SC1 provides a scientific provenance verification service for agriculture, seafood, mining and resource sectors.
SC1 says scientific analysis of physical product samples allows clients to mitigate risk, validate digital data, protect their brand and support transparency within their supply chains.
The company’s origin verification solution is able to identify the mine, farm, fishery or plantation from which a product originated.
Lightning Minerals (ASX:L1M)
Listing: 22 November
IPO: $7m at $0.20
This explorer is focused on high-demand battery minerals including lithium, nickel, cobalt, copper and PGEs, with four project areas in WA.
Its main focus are the Dundas licences – in particular the Dundas South project which is in close proximity to Alliance Mineral Assets’ (ASX:A40) Bald Hill lithium and tantalum project, Greenstone Resources’ (ASX:GSR) Mt Thirsty cobalt-nickel project and Liontown Resources’ (ASX:LTR) Buldania/Anna lithium project.
Orpheus Minerals (ASX:ORP)
Listing: 29 November
IPO: $6m at $0.20
Orpheus was established to explore for and discover greenfield uranium deposits in South Australia and the Northern Territory at economic grade and scale.
And the focus is exploring around approved and operating (or recently operating) uranium mines because these are also the jurisdictions considered to have high prospectively for economic uranium deposits and have the regulatory systems at both state and federal level supportive of the development of new uranium mines.
They have four projects in the NT – Woolner, Ranger North-East, Mt Douglas and T-bone – and two projects in SA – Frome and Cummins.
Patriot Lithium (ASX:PAT)
Listing: 5 December
IPO: $10m at $0.20
The company is exploring and developing high-grade, district-scale hard rock lithium projects, and holds the Blacks Hills lithium project in South Dakota and the Wickenburg lithium project in Arizona.
The Black Hills region of South Dakota is a globally prolific high-grade, hard rock lithium district and hosts some of the largest and highest grade spodumene crystals globally – up to 14m in length – and boasts some of the highest-grade concentrates in the world at ~6% Li2O.
Plus, there’s some big names in the management team. Non-exec chairman Philip Thick used to head up Tianqi Lithium Australia, a subsidiary of Tianqi Lithium Corp, one of the world’s largest lithium companies.
And executive director Matthew Gauci previously built one the Pilbara’s largest lithium exploration portfolios, which was eventually sold to SQM, one of the world’s largest lithium companies.
Richmond Vanadium Technology (ASX:RVT)
Listing: 5 December
IPO: $35m at $0.40
The company is advancing the Richmond Vanadium Project in Queensland, and plans to kick off a Bankable Feasibility Study after listing.
The Project is the largest non-titanomagnetite vanadium deposit of its kind (soft marine sediments) globally – and the company says it can produce a significant supply of vanadium for the steel and emerging energy storage markets over a 25-year initial life of mine (LOM).
Not to mention that vanadium is listed by the Australian Government as a critical mineral and in November 2021 the Queensland Government announced it will contribute “at least” $10 million towards constructing a vanadium common-user facility (VCUF) to process vanadium from the state’s vast deposits. That will allow multiple small mining operations to access the facility with the ambition of kickstarting downstream battery storage industries in the state.
RVT is included in a panel helping to determine the Queensland Government’s VCUF Future User Engagement Protocol.
Greentech Minerals (ASX:GTM)
Listing: 7 December
IPO: $7m at $0.20
Development, mining, physical processing and marketing of high-purity quartz (HPQ) feedstock, a vital ingredient in the solar panel, semiconductor and other high tech industry sectors.
Greentech has identified quartz vein deposits on its tenements near Mount Isa in northwest Queensland and plans to use its IPO funds to complete a feasibility study. It has contracted a series of bench-scale sorting, processing and beneficiation trials by two leading international HPQ specialist firms to optimise product quality and price for the its quartz.
Results from these trials should be available before the end of 2022, with the plan to produce and sell HPQ feedstock within the next 12-18 months.
The company has also secured a preliminary offtake agreement to supply a minimum of 5000 tonnes of HPQ feedstock per annum to Jiangsu Yangshan Silicon Materials Technology Co Ltd in China.
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