IPO Wrap: A lottery operator and SEVEN explorers listing in the next two weeks
There are seven explorers from gold, to uranium and lithium gearing up to list on the ASX in the next two weeks – with a lottery operator thrown into the mix.
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: 16 May
IPO: $10m at $0.20
This gold explorer is focused on revitalising the Victorian goldfields, which host Fosterville and Costerfield, two of the highest-grade underground deposits in the world.
The company is a spin-out from Toronto Stock Exchange listed Mawson Gold – which is now a Nordic focused gold exploration company who hold the Rajapalot gold-cobalt project in northern Finland.
SXG operates the Sunday Creek, Redcastle and Whroo projects in Victoria, along with the Mt Isa polymetallic project in Queensland.
Listing 16 May
IPO: $15m at $0.25
Another explorer, this one is a spin-out from Minotaur Exploration (ASX:MEP) targeting gold, gypsum and base metals at its projects across Queensland and SA.
The company holds the Pyramid Gold project, Windsor copper-zinc-lead-gold-silver project and Chimera copper-gold-lead-silver-zinc projects in Queensland.
DRM also has the Peake and Denision copper-gold, zinc-lead-silver JV and the Lake Purdilla gypsum project in SA.
“The company benefits from the past decade of intensive minerals exploration and resource definition work carried out by Minotaur,” chairman Dr Roger Higgins said.
“Demetallica will continue on that pathway, focused primarily on copper-gold exploration within Australia.”
Listing: 18 May
IPO: $8m at $0.20
This company is focused on the exploration and development of its Aurora Project in Oregon, USA.
The project hosts a defined uranium resource and is prospective for lithium. The company will conduct exploration and evaluation programs to assess the potential of both these minerals.
Listing: 19 May
IPO: $4.8m at $0.20
This explorer is planning to acquire the Biloela project in Queensland which is prospective for gold and copper.
The company plans to compile data and geophysical surveys at the Flanagans and Great Blackall prospects, followed by a drilling program at both prospects.
TG Metals (ASX:TG6)
Listing: 20 May
This explorer is focussed on assets prospective for nickel, lithium and gold in the Goldfields-Esperance region of WA.
It actually holds the largest land package ever held by one company in the history of exploration within the Lake Johnston Greenstone Belt and says the region has been historically overlooked and underexplored – with the Lake Johnston project never the main focus for nickel majors that previously held the ground.
The Lottery Corporation (ASX:TLC)
Listing: 24 May
Tabcorp Holdings (ASX:TAH) is planning to demerge its Lotteries and Keno business into The Lottery Corporation.
The Australian lottery operator and provider of Keno products has operations in all Australian states and territories except for Western Australia, and distribution through retail outlets, Keno venues and online.
Southern Palladium (ASX:SPD)
Listing 25 May
IPO: $19m at $0.50
The platinum group minerals (PGM) explorer and developer will acquire a 70% interest in private company Miracle Upon Miracle Investments on listing – which holds the Bengwenyama PGM project in South Africa.
The project currently has a JORC 2012 Inferred Resource of 18.80 million oz. (3 PGE + gold) and the IPO funds will be used primarily to:
Listing: 27 May
IPO: $6m at $0.20
The company has two lithium projects – the Solonopole Project in Brazil and the Napperby project in the NT.
Solonopole’s permits cover historic artisanal mining sites previously mined for lithium, coltan (tantalum and niobium) and tin.
And Napperby is in the Pine Creek Pegmatite province – which hosts Core Lithium’s (ASX:CXO) Finniss project.