IPO Wrap: A plethora of explorers are gearing up to list in the next month

Coolabah Metals is targeting gold and base metals in NSW and QLD
OD6 Metals is focused on rare earth elements in WA
Firefinch spinout Leo Lithium eyes Goulamina production by 2024

There are six explorers gearing up to list on the ASX between now and the end of the month – from gold and base metals to rare earth elements, uranium, and lithium.

And that’s just June. There’s another four explorers listing in July plus a coal seam gas company and a thermal plasma tech player.

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.

These companies are listing before the end of June:

Coolabah Metals (ASX:CBH)

Listing: 22 June

IPO: $6m at $0.20

This explorer has two projects in the Lachlan Fold Belt (NSW) and one in Mount Isa (QLD).

Notably, the Lachlan Fold Belt is a major mining province with a long history of mineral production including gold (Au), copper (Cu), lead (Pb), zinc (Zn), silver (Ag) and tin (Sn).

And the Mount Isa region represents one of the largest accumulations of lead (Pb), zinc (Zn) and silver (Ag) in the world.

OD6 Metals (ASX:OD6)

Listing: 22 June

IPO: $8m at $0.20

The company holds a 100% interest in the Splinter Rock Project and Grass Patch Project which are in the Goldfields-Esperance region of WA.

The projects are considered prospective for clay rare earth elements (REEs), and the aim is delineating and defining economic resources and reserves to develop into a future revenue generating operational mine.

Clay REE deposits are currently economically extracted in China, the dominant world producer.

Leo Lithium (ASX:LLL)

Listing: 23 June

IPO: $100m at $0.70

The Firefinch (ASX:FFX) spinoff is focused on the Goulamina lithium project in Mali, which is expected to be one of the largest hard rock lithium mines in the world once it enters production in 2024.

The project is being developed in a 50/50 joint venture with Ganfeng, the world’s largest lithium chemical producer by production capacity, providing funding, offtake and operational support to de-risk development.

Goulamina is one of the few spodumene projects globally in the execute phase with FID approved by the boards of Firefinch and Ganfeng and early stage development underway.

Plus, the project is substantially funded to production with total funding commitments of up to US$194 million.

MetalsGrove Mining (ASX:MGA)

Listing: 27 June

IPO: $7m at 0.20

The company has a portfolio of lithium, tin, tantalum, manganese, copper, gold and base metal exploration projects in WA and the NT.

Its assets include the Woodie Woodie North project and the Upper Coondina project in WA.

In NT, it holds the Edwards Creek project, the Box Hole project and the Bruce project.

Chalkos Metals (ASX:CKM)

Listing: 30 June

IPO: $8m at $0.20

This copper explorer has tenements in the prospective North West minerals province of QLD – adjacent to the world-class Mt Isa mines.

The company is embarking on an aggressive drill program with target testing underway.

Sarytogan Graphite (ASX:SGA)

Listing: 30 June

IPO: $8.5m at $0.20

This explorer has its eyes on the Sarytogan Graphite Project in Central Kazakhstan which is un-substitutable in the battery market, with drilling kicking off late last month.

Kazakhstan is an established mining jurisdiction smack bang between the largest battery manufacturers in Europe and China.

Plus, the project already has a mineral resource of 209 Mt at 28.5% total graphitic carbon (TGC) for 60 Mt contained graphite.

The company says the ASX has stated they are not currently in a position to provide a formal listing decision, and have requested that the title extension beyond October 2022 be procured ahead of listing.

SGA is working on fast-tracking the title extension – targeting June 2022.

Synergen Met (ASX:SH2)

Listing: 30 June

IPO: $25m at $0.20

The company’s main business undertaking is the development and production of its thermal plasma technology to create sustainable solutions to environmental challenges.

The main applications include modular hydrogen production and PFAS water treatment and destruction for councils and water utilities.

Take a big sip of coffee cos we’re halfway there

Here are the companies listing in July:

Regener8 Resources (ASX:R8R)

Listing: 6 July

IPO: $5.5m at $0.20

The company is proposing to acquire the tenements comprising the Kookynie (Niagara) Gold Project in Western Australia from GTI Resources (ASX:GTR).

“It is exciting for the company to have secured tenements containing historical high-grade workings, identified mineralisation and high priority, walk-up targets whilst in the company of peers that are actively finding encouraging results,” chairman Robert Boston says.

The company plans to kick off maiden exploration and apply modern techniques to the “historically significant, underexplored tenement package,” Boston said.

Aeramentum Resources (ASX:AEN)

Listing: 7 July

IPO: $7m at $0.20

The company plans to explore and develop 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.

AEN says Cyprus was historically a major producer of copper and is well placed to supply the European electric vehicle market with copper, nickel and cobalt, along with gold.

Iltani Resources (ASX:ILT)

Listing: 11 July

IPO: $5m at $0.20

The company has three gold and base metal projects in Queensland – the Northern Base Metal Project, Rookwood Project and the Southern Gold Project.

Iltani intends to build a portfolio of operating mines plus development and exploration projects with a fundamentals-driven bias to the raw materials the world needs to realise a clean energy future – with a focus on copper.

Botala Energy (ASX:BTE)

Listing: 14 July

IPO: $7m at $0.20

The company aims to be a diversified energy company producing reliable and dispatchable energy from renewables, backed by gas coal bed methane (CBM) to meet Botswana’s domestic energy requirements – as well as export energy to neighbouring countries and attract industries wanting reliable, renewable energy.

Botala’s objectives are to explore, appraise and develop the Serowe CBM Project with a view to supplying commercial quantities of CBM.

Critical Minerals Group (ASX:CMG)

Listing: 27 July

IPO: $5m at $0.20

The company holds the Lindfield vanadium project in Queensland, where it plans to complete bulk ore sample collection through its large diameter core drilling campaign, add to the existing JORC resource, and complete metallurgy and pilot plant test work and a scoping study.

CMG also holds the Figtree Creek and Lorena Surrounds, both greenfield copper-gold projects in the Cloncurry region.