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IPO Wrap: Roll out the red carpet – here’s the who’s who of listings over the next fortnight
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From explorers to investor education there are seven stocks set to list on the ASX in the next two 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.
One company listed yesterday:
Listing: 16 March
IPO: $5.5m at $0.20
The company is targeting gold and gold-copper in the southern part of the Yarrol Geological Province in Queensland.
The company has secured options to acquire, in two tranches, a 100% interest in two exploration permits over a total area of 464km2.
And Many Peaks has already met all conditions precedent, including completing a minimum $300,000 of exploration expenditure, to exercise its option to acquire an initial 80% interest in each of the tenements.
Reconnaissance work across mineral occurrences and historical workings has identified three project areas – the Mt Weary gold project, Rawlins gold-copper project, and the Monal gold project.
The company ended trading on its first day at $0.24 per share, up 22.49% from its listing price.
Listing: 16 March
IPO: $4.65m at $0.20
The explorer was meant to list but looks like there’s been a delay.
The company is focussed on five projects in the Kimberley and Eastern Goldfields regions of WA.
Collectively the projects are considered highly prospective for multiple styles of mineralisation with gold, nickel and copper the primary target commodities.
The initial exploration program will cost approximately $2,550,000 for the first two financial years, with a focus on verifying and critically re-assessing the geology and historical exploration data to generate detailed targets for drilling.
Two other companies list this week:
Equity Story Group Limited (ASX:EQS)
Listing: 18 March
IPO: $5.5m at $0.20
The company offers stock market trading advice, research, investor education and fund management.
Listing: 18 March
IPO: $7m at $0.20
This copper and zinc explorer’s projects cover three prospective geological domains in South Australia; the Gawler Craton, Stuart Shelf and Adelaide Fold Belt.
The Evelyn Dam Project covers 134km2 about 50km south of Woomera with a project area prospective for Olympic Dam style iron oxide copper gold (IOCG) mineralisation.
Other copper projects include the Torrens Project (about 40km from Olympic Dam) the Barratta Project and the Gunson Project.
The company’s Linda Zinc Project in the Flinders Ranges is considered prospective for MVT and Beltana-Kipushi type zinc-lead mineralisation as well as Zambian style copper mineralisation.
And here are the ones listing next week:
Listing: 22 March
IPO: $5.5m at $0.20
The gold and uranium focussed explorer has the Roger River gold project in Tasmania, and the Orroroo uranium project in South Australia.
Norfolk Metals intends to execute on two consecutive exploration programs within 12 months of listing, including 2,000-3,000m of diamond drilling at Roger River with the aim of identifying epithermal gold occurrences in targets defined from ground-based gravity and airborne aeromagnetic survey.
At the Orroroo project, exploration will kick off with reverse circulation drilling to further understand the Gamma anomalies identified by previous drill campaigns in the Walloway basin.
Listing: 23 March
IPO: $5.5m at $0.20
This explorer is focused on kaolin, with the current market at around $6.4 billion due to a global shortage and it’s expected to hit $8.23 billion by 2024.
Pinnacle holds the Bobalong and Holly projects in WA and the White Knight and Camel Lake projects in SA.
Notably, White Knight is adjacent to active kaolin exploration projects held by Andromeda Metals (ASX:ADN), OAR Resources (ASX:OAR) and PepinNini Minerals (ASX:PNN).
The company plans to kick off exploration at Bobalong and Holly Kaolin and, subject to being granted the tenement applications for Camel Lake and White Knight, will take advantage of substantial historic datasets and integrate these with the latest exploration techniques and mineralisation models.
Pathify Holdings (ASX:PTH)
Listing: 25 March
IPO: $10m at $0.40
The tertiary education student online portal service provider has complete mobile/web parity with a native mobile app that allows for mobile push notifications.
Institutions are charged an annual licence fee based on student enrolment, the modules they subscribe for and the access they activate.
The company is focused on the US market and – as of 31 December 2021 – had secured 61 higher education customers across a wide range of higher education categories including research universities, leading state universities, community colleges and more.
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