IPO Wrap: A lithium explorer, a uranium explorer and a drone security player line up to list this month
Four miners are set to list this fortnight, among them a lithium explorer and a uranium player, along with a drone security company.
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: 1 September
IPO: $7m at $0.20
The company plans to explore the Treasure (Black Pine) Project, in the Republic of Cyprus, which has numerous occurrences of high-grade nickel, copper, gold and cobalt in sulphides associated with a major transform fault.
There is also evidence of past mining activity with multiple underground adits and shafts – probably because back in the days of the Roman Empire, Cyprus supplied much of the world’s copper requirements.
Plus, around 74 million tonnes of massive sulphide ore were extracted from around 30 deposits on the island between 1920-1970.
AEN says previous exploration at its projects has returned grades up to 3% cobalt, 18% copper, 17g/t gold and 11% nickel – and that the first target orebody at Laxia remains open at depth and along strike.
Atlantic Lithium (ASX:A11)
Listing: 8 September
IPO: $13.253m at $0.58
Atlantic’s main game is the 30Mt Ewoyaa lithium project in Ghana, where it is funded through to production via a co-production agreement with fellow mine developer Piedmont Lithium (ASX:PLL).
Piedmont has the right to earn up to 50% at the project level for 50% SC6 spodumene concentrate offtake at market rates by solely funding US$17m towards studies and exploration and US$70m towards mine capex.
Atlantic completed a scoping study for Ewoyaa in December 2021 and in March, updated the mineral resource estimate by a massive 42% to 30.1 million metric tonnes at 1.26% lithium, including indicated resources of 20.5 million tonnes at 1.29%.
A project pre-feasibility study is due in the third quarter of CY2022 which will incorporate the expanded resource.
Atlantic also has two applications pending covering a combined 774km2 area for lithium in the Ivory Coast; Agboville and Rubino
Listing: 8 September
IPO: $7.5m at $0.20
The company holds three owned projects – the HawkRock, Parker Lake and Pasfield Lake – covering 775sqkm in the Athabasca Basin, Canada, which contains the world’s largest and highest-grade uranium deposits.
“We are targeting greenfield discovery and brownfield developments close to existing production infrastructure to play a role in a clean carbon free economy,” executive chairman Andrew Vigar says.
The plan is to explore and develop the projects as well as seek out further complementary mineral exploration and resource opportunities.
Octava Minerals (ASX:OCT)
Listing: 14 September
IPO: $6m at $0.20
This lithium, Platinum Group Metals (PGMs), nickel sulphide and gold explorer has tenements in the Pilbara, with its flagship project the East Pilbara Talga lithium and gold project.
The recent successes by other exploration companies, like Global Lithium Resources (ASX:GL1), has shown that significant lithium bearing pegmatites are prevalent in the region.
Previous exploration at Talga has identified pegmatite within the southern area of Octava’s extensive farm-in and JV Talga lease, with a rock chip sample returning an elevated lithium assay of 0.22%.
This area is approximately 10km northeast of GL1’s Archer lithium deposit where they reported an inferred resource of 10.5mt at 1.0% Li20 in a similar geological setting.
The company also has the Panton North and Copernicus North nickel and PGMs projects as well as the Yallalong PGEs, gold and nickel sulphides project.
Nightingale Intelligent Systems (ASX:NGL)
Listing: 16 September
IPO: $10m at $0.35
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.
They can also be scheduled for autonomous patrol missions based on day, time, path, altitude, hover duration, camera direction, and other mission details.
During a major event like an oil spill, chemical leak, or fire, you can manually dispatch a drone to monitor events as they unfold on the ground.
Plus, they can autonomously patrol areas of interest around the facility and send out alerts only when human and vehicle intruders are detected.