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IPO Wrap: Mark your calendars for a coal seam gas company, a thermal plasma player and 10 new explorers
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- Cavalier Resources has three near-term gold and nickel projects in WA
- Synergen Met will apply its thermal plasma technology to destroy harmful PFAS chemicals
- Firefinch spinout Leo Lithium eyes Goulamina production by 2024
There are 10 explorers gearing up to list on the ASX between now and mid-July – along with a coal bed methane operator and a thermal plasma technology 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 are the companies are listing in the next few days:
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 ofPanther Metals (ASX:PNT) late last year.
Listing: 10 June
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.
Here’s who’s listing before the end of June:
Listing: 14 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.
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, copper, lead, zinc, silver and tin.
And the Mount Isa region represents one of the largest accumulations of lead, zinc and silver in the world.
Listing: 22 June
IPO: $8m at $0.20
The company holds a 100% interest in the Splinter Rock Project and Grass Patch Project 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.
Listing: 23 June
IPO: $100m
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.
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.
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.
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.
And here are the companies listing in early July:
Regener8 Resources (ASX:R8R)
Listing: 6 July
IPO: $5.5m
The company is proposing to acquire the tenements comprising the Kookynie (Niagara) Gold Project in Western Australia from GTI Resources Limited (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.
Iltani Resources (ASX:ILT)
Listing: 11 July
IPO: $5m
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
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.
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