Page 11 - pd297-Sept21-mag-web

Recent resources IPOs on the ASX
“We have been very open with investors
in saying Mulga Tank is not the kind of pro- Company Code Listing date Market cap
ject where drilling results will be coming out
straightaway,” Marriott said. “It’s a longer- Australian Rare Earths Ltd AR3 July 1 $126 million
term project but that is why we brought the Tamboran Resources Ltd TBN July 2 $195 million
gold projects in, to fill the news flow while Lode Resources Ltd LDR July 2 $9.99 million
Mulga Tank is built up.” 29Metals Ltd 29M July 2 $1.2 billion
The gold portfolio comprises the Melita
project in the Kookynie district and Rock of Ozz Resources Ltd OZZ July 5 $7.22 million
Ages on the Laverton greenstone belt. Monger Gold Ltd MMG July 6 $6.86 million
“Rock of Ages has that potential to gen- Burley Minerals Ltd BUR July 7 $19.82 million
erate news flow quickly,” Marriott said. “It Askari Metals Ltd AS2 July 7 $9.14 million
is only a small tenement, but shallow his- Pacgold Ltd PGO July 8 $12.34 million
torical workings produced 2,074oz @ 50
g/t over a 450m strike. It hasn’t been drilled Locksley Resources Ltd LKY July 8 $9.52 million
below 30m.” Charger Metals NL CHR July 9 $34.52 million
A rock chip sampling campaign returned Resource Base Ltd RBX July 12 $7.62 million
results of more than 13 g/t gold with a Industrial Minerals Ltd IND July 13 $16.7 million
ground magnetic survey identifying the his-
torical workings. Marriott said an inaugural Balkan Mining & Minerals Ltd BMM July 14 $31.05 million
drilling campaign would test depth potential Mt Monger Resources Ltd MTM July 15 $9.44 million
and provide investors with the results they Western Mines Group Ltd WMG July 20 $8.1 million
crave. Victory Goldfields Ltd 1VG July 22 $9.87 million
The balance between short-term sugar
hit and longer-term growth can be a con- Western Gold Resources Ltd WGR July 23 $17.49 million
stant challenge for new floats. And, with a M3 Mining Ltd M3M July 29 $8.83 million
further 17 companies aiming to list before Almonty Industries Inc AII August 2 $207 million
the end of September, the choice between Pantera Minerals Ltd PFE August 5 $25.87 million
seeking a fast start or a slow-burn approach
could be a defining decision for many new Gold 50 Ltd G50 August 6 $27.69 million
listings. Tambourah Metals Ltd TMB August 12 $14.28 million
– Dominic Piper Cannon Resources Ltd CNR August 12 $20.25 million

Strike digital gold with

Exploring
Paydirt TV together for success

To watch interviews from Paydirt TV,
visit our website: www.paydirt.com.au/paydirt-tv
or the Paydirt TV channel on YouTube.com

Established in 1993 Bostech Drilling has successfully
completed exploration and mining projects across
Australia and overseas.
Whether it be the Deserts of central Australia or the
Forests of South Western Australia Bostech can assist
you with your drilling requirements.
Industry leaders in:
For sponsorship, advertising and other opportunities, Complex Remote Exploration - Zero Impact & Tight Access
RAB/Aircore - GradeControl - Reverse Circulation
contact Kate Blanchard on (+61) 08 9321 0355
29a Clayton St, Bellevue WA 6056
or kateb@paydirt.com.au e: admin@bostech.com.au w: www.bostech.com.au 08 9250 4252

aUSTRaLIa’S PaYDIRT SePTeMBeR 2021 Page 11