IPO Wrap: Rare earths and manganese hit the bourse with O&G to follow this week
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Fresh manganese/rare earths player Bubalus hit the bourse last week, and this week an O&G player and glass company are set to join them. Next week there’s drones, gold and more gas stocks set to list.
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.
Bubalus Resources (ASX:BUS) listed last week after a $5m IPO at $0.20 per share.
This explorer is focused on the exploration and development of manganese and rare earths projects in the NT and WA.
Projects include the Amadeus Project (prospective for manganese), the Coomarie Project (prospective for Heavy Rare Earths), the Nolans East Project (prospective for Light Rare Earths) and the Pargee Project (prospective for Heavy Rare Earths).
At Amadeus, there is outcropping manganese grading up to 45% Mn all over the joint, but previous explorers were unable to find the source.
BUS says there are over 15 historical prospects that have had little or no exploration.
The region has also over 70% sand cover which has resulted in most historical soil geochemistry being ineffective, BUS says.
Nolan’s East is an early stage project just 15km from Arafura Resources’ (ASX:ARU) advanced Nolan’s Bore rare earths development.
Both Coomarie and Pargee — ~90km from Northern Minerals’ (ASX:NTU) advanced Browns Range REE project — are also considered greenfields.
The company peaked at $0.25 after listing, before settling down at $0.23 per share at COB yesterday.
Listing: 21 October
IPO: $15m at $0.20
This O&G junior has two exploration permits in the Surat Basin in South East Queensland, ATP 2037 and ATP 2038. The two permits represent an area of over 250,000 acres and are located approximately 50km away from critical gas transmission infrastructure.
And it looks like gas investment is heating up in Queensland. Just last week QLD-focused State Gas (ASX:GAS) attracted a $7 million investment from leading energy sector experts St Baker, headed by Trevor St Baker – who recently chatted with Stockhead’s Bevis Yeo.
Omega’s exploration program will explore the Permian Deep Gas play which, if successful, represents a potential multi-TCF gas resource.
Listing: 21 September
IPO: $7.5m at $0.35
This Australian-based holding company, through its subsidiaries, operates a glass production and supply business for structural building facades.
The group has a fully automated processing plant which it says is highly-efficient, accurate and scalable and an R&D focus on the development of cyclone resistant glass using new laminating and bonding techniques.
Listing: 24 October
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.
Listing: 24 October
IPO: $32.5m at $0.20
This resources player is focused on developing a gold platform in West Africa.
The company is primarily focused on the development of the Kobada Gold Project in Southern Mali, which has a global resource base of over 2.3 Moz of gold and the potential to produce more than 100,000 ounces of gold per annum.
Listing: 25 October
This investment company says it’s focused on risk adjusted returns through constructing a high conviction portfolio of 20-25 microcap ASX-listed companies.
Listing: 26 October
IPO: $55m at $1.46
This natural gas player is focused on the shallow waters offshore Indonesia, and via its wholly owned subsidiaries is the holder of several operated tenements in offshore Indonesia in the form of Production Sharing Contracts (PSCs) with Duyung PSC (76.5% interest) and Offshore Mangkalihat PSC (100% interest).
The company has also completed joint studies in two areas in Offshore North West Aceh and Offshore South West Aceh in the offshore Aceh Province in Indonesia, and will have the right to match in the bidding process for both areas when they are gazetted as PSCs in a future licensing round.