IPO Wrap: There are four more ASX listings booked for April debuts – and one of them’s a lithium play
From explorers to agri-tech, there are five 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.
Listing: 19 April
IPO: $5m at $0.20
The explorer and developer is targeting gold and base metals discoveries.
In SA, the company has the Yumbarra Project (nickel and mineral sands), along with the Fowler, Coorabie Shear Zone, and Tallacootra projects (nickel/copper and gold)
The Sandford Project in Victoria is prospective for gold and base metals (copper, lead, silver, and zinc), as well as ionic REE clays and heavy mineral sands.
Listing: 20 April
IPO: $10m at $0.20
RLF is focused on the manufacture and sale of technology-based plant nutrition products.
Plant Proton Delivery Technology (PPD Tech) aims to solve some of the world’s biggest agricultural, environmental, and human challenges and enables farmers to grow higher yielding, better quality, and more nutritious produce, while massively reducing atmospheric carbon.
Lithium Plus Minerals (ASX:LPM)
Listing: 26 April
IPO: $10m at $0.25
The lithium explorer is focused on exploring its 19 granted exploration licences and three exploration licences under application in the Northern Territory.
The tenements are in the Bynoe and Arunta regions, and assuming that the three pending tenement applications are granted, the total area held will exceed 1,690 km2.
The company says the tenements show significant early exploration success through soil sampling, mapping, field work and RC drilling programs carried out in 2017.
Koba Resources (ASX:KOB)
Listing: 27 April
IPO: $8m at $0.20
The company was incorporated to demerge New World Resources’ portfolio of cobalt assets into a new standalone ASX-listed entity.
The assets include the Blackpine cobalt-copper, Colson cobalt-copper and Panther cobalt-copper projects, which are all located in the Idaho cobalt Belt in the USA – one of the Western world’s premier cobalt districts.
While most of the world’s cobalt production is from copper and/or nickel mines where cobalt is recovered as a secondary by-product, the Idaho Cobalt Belt is unusual in that it hosts multiple mineral deposits in which cobalt is the element of primary value.
Maronan Metals (ASX:MMA)
Listing: 29 April
IPO: $5.5m at $0.20
The explorer is focused on the Maronan lead-silver copper-gold project in Northwest Queensland.
A maiden, JORC 2012 compliant, Mineral Resource Estimate for the project was reported by Red Metal (ASX:RDM) in 2015 – who the company is a wholly owned subsidiary of.
The spin-out and initial public offering will enable the company to test the significant exploration potential of the Project, including drilling for additional shallow, high value copper-gold and lead-silver mineralisation as well as the potentially larger, higher-grade copper-gold and lead-zinc-silver extensions at depth.