IPO Wrap: Fresh explorers and near-term producers – plus a logistics player for a bit of variety
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There are six explorers, a near-term copper-gold play, a lottery operator, and logistics player are all gearing up to list on the ASX in the next three weeks.
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: 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.
Listing: 25 May
IPO: $6.5m at $0.20
The explorer is targeting large, high-grade base metal and battery mineral deposits in Western Australia.
The company has a large and highly prospective tenement package that covers approximately 100km of strike of the northern margin of the highly prospective Edmund Basin.
The projects include Brumby Deposit, Vernon Base Metals, Vernon Nickel-PGE and Gorge Creek which are highly prospective for zinc, copper, silver, PGE and uranium deposits.
Listing: 26 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.
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.
Listing: 30 May
IPO: $6m at $0.20
The company plans to explore and potentially develop its East Canyon project in Utah.
The project is prospective for both uranium and vanadium, two minerals anticipated to play a key role in the generation and storage of low-carbon energy.
Listing: 31 May
IPO: $5.5m at $0.20
This company has four projects across the NT, including the Allamber uranium and copper project, the Shoobridge uranium and gold project, the Woolgni gold project and the Mt Davis copper and gold project.
Kingsland also holds the Lake Johnston nickel and cobalt project in WA.
Listing: 31 May
The company is one of New Zealand’s largest freight and global logistics companies, offering freight transport and warehousing services throughout the country and co-ordinating freight movements offshore through international alliances.
It also has a specialist road tanker division which is one of the largest operators in the New Zealand fuel delivery market.
Listing 8 June
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 drilling is planned to kicked off shortly after listing.
Plus, Bengwenyama is on the Eastern Limb of the Bushveld Complex (a major PGM deposit) which the company is looking to prove up.
The Bushveld Complex is the largest source of platinum and palladium ore in the world.
South Africa is the only country that challenges Russia in its palladium output – a virtual supply duopoly that sees the countries combined produce around 80% of the world’s mined ounces.
And, the proportions of palladium and platinum at the project are relatively even at ~44% each, which gives the company optionality as conditions for palladium and platinum shift, CEO Johan Odendaal recently told Stockhead’s Josh Chiat.
Listing: 10 June
IPO: $7m at $0.20
This near-term producer has a portfolio consisting of three projects within proven gold and nickel regions in WA – the Leonora Project which holds 101,000oz gold ounces at the Crawford Gold Project 25km east of St Barbara’s gold mill, the Gambier Lass North Project to the north of the Crawford Gold Project, Hidden Jewel and Ella’s Rock Nickel-Gold Project.
All three projects are close to several mills, which potentially provides the company with the opportunity for near-term production once feasibility studies are complete.
Collectively, the company’s management team have more than 60 years’ mining experience with executive chairman Ranko Matic and technical director Daniel Tuffin on board, both whom were responsible for the successful listing of Panther Metals (ASX:PNT) late last year.
Speaking to Stockhead’s Jessica Cummins, Tuffin said the company’s Crawford Gold Project – part of the greater Leonora Gold Project – is near mine-ready and Cavalier plans to generate future funds from it.
“These funds will then be used to explore our other exciting projects, while continuing to expand the resource, potential reserve and additional pit stages at the Crawford Gold Project itself,” he said.