Page 6 - IPO- Neat

exploration campaign just hours after
Arcadia Minerals Ltd debuting on the ASX. Armada plans to test Auric Mining Ltd
high-priority EM conductors positioned
ASX: AM7 along the 25km prospective strike of the ASX: AWJ
Libonga-Matchiti trend which has never
Listing date: June 25 been previously explored for nickel and
IPO amount: $6.4 million copper. The company’s technical team is
Share price range since listing: headlined by the likes of Thomas Rogers
16.5-33.5c and Douglas Haynes who are universally
Address: Suite 7, 63 Shepperton Road, recognised for discovering the large Kamoa
Victoria Park WA 6100 deposit in the DRC.
Tel: +61 8 6158 9990
Website: arcadiaminerals.global
Social media: @arcadiaminltd
Email: info@arcadiaminerals.global
Key personnel: Jurie Wessels
(executive chairman), Philip Le Roux
(chief executive)
Focus: Tantalum, nickel and lithium,
Namibia

Comment:
It was a big year for the Namibian-focused
battery metals hopeful, which followed
up its ASX debut in June with entry to the
Frankfurt Stock Exchange in November.
A maiden resource of 1.2mt @ 412 ppm
tantalum, 76 ppm niobium and 0.29% Askari Metals Ltd
lithium for the Swanson project was also
delineated between listings, along with ASX: AS2
bench-scale metallurgical test work which
has indicated potential for production of Listing date: July 7
a plus-20% tantalum concentrate. High IPO amount: $5.7 million Listing date: February 12
grades were also returned from a grab IPO amount: $7.25 million
sample programme at the Karibib copper- Share price range since listing: 16-27c Share price range since listing: 9.5-30c
gold project in the Damara belt which hosts Address: 17 Lacey Street, Perth WA Address: Level 1, 1 Tully Road, East
the prolific Tsumeb mine. 6000 Perth WA 6004
Tel: +61 400 408 878 Tel: +61 8 6155 9046
Website: askarimetals.com
Armada Metals Ltd Website: auricmining.com.au
Social media: @AskariMetals Social media: @AuricMining
ASX: AMM Email: info@askarimetals.com Email: info@auricmining.com.au
Key personnel: Robert Downey
Listing date: December 15 (chairman), Brendan Cummins Key personnel: Mark English (managing
IPO amount: $10 million (technical director) director), John Utley (technical director)
Share price range since listing: 12-17c Focus: Gold and copper-gold, NSW - above - Steve Morris (non-executive
chair)
Address: 151 Macquarie St, Sydney and WA Focus: Gold, WA
NSW 2000
Tel: +61 2 9048 8856 Comment: Comment:
Website: armadametals.com.au Originally incorporated as a copper and A 15-year friendship between finance guru
gold explorer with projects in WA and
Social media: @ArmadaMetals NSW, Askari caught the eye of investors Mark English and his geologist neighbour
Email: info@armadametals.com.au just before the Christmas/New Year break John Utley saw the pair trade barbecues
and dinner parties for drill rigs and staking
Key personnel: Ross McGowan when lithium minerals were identified in pegs in the Widgiemooltha gold district.
(managing director), Rick Anthon (non- rock specimens collected from Red Peak, Auric acquired the project, which includes
executive chairman), Martin Holland just north of Meekatharra, during an initial the flagship Munda tenements, from Es-
(non-executive director, above right) reconnaissance visit. Follow-up rock and trella Resources Ltd and has subsequently
soil sampling work was to be completed
Focus: Nickel-copper, Gabon last month, along with a drone magnetic increased its ground holding with additional
survey at the Horry copper-gold project, purchases from Mincor Resources NL and
Comment: about 90km south-west of Halls Creek. The Neometals Ltd. The company is expected
A 3,000m diamond drilling programme company also recently appointed Johan to soon unveil an upgrade to its existing
was due to begin at the time of print at the Lambrechts as vice-president of exploration resource base of 220,000oz.
Nyanga project in southern Gabon, with and geology, and is expected to transition to
the company signing up leading contrac- the role of chief executive.
tor Boart Longyear to oversee its maiden

aUSTRaLIa’S PaYDIRT FeBRUaRY 2022 Page 33