Page 26 - pd290-Feb21-mag-web

IPOS

IPOs prevail

through the

travails

of 2020

fter a dormant 2019, resources IPOs returned with a flourish in 2020 as companies
A took advantage of the openings created by booming commodity prices and recent
exploration success stories. Paydirt reviews the IPO Class of 2020, finding the mix of
commodities and locations are much varied from previous years

Aurumin Ltd

ASX: AUN

Listing date: December 9
IPO amount: $7 million
Share price range since listing: 27.5-37c
Address: c/o SmallCap Corporate, Suite
Akora Resources Ltd Iron ore floats have been rarities 1, 295 Rokeby Road, Subiaco, WA 6008
on the ASX, however, Akora
ASX: AKO believes it is on a winner at the Tel: +61 8 6555 2950
Bekisopa project in Madagascar Website: www.aurumin.com.au
Listing date: December 15 Social media: @Aurumin_AUN
IPO amount: $5 million Email: admin@aurumin.com.au
Share price range since listing: 34.5-56c Comment: Key personnel: Piers Lewis (non-
Address: 211 McIlwraith Street, North “It is readily able to be trucked, shovelled, executive chairman), Bradley Valiukas
Carlton, VIC 3054 crushed and screened to produce a high- (managing director)
Tel: +61 3 9381 0859 grade lump ore,” Bibby tells Paydirt (page Focus: Gold, Western Australia
38) about the Bekisopa project, 70km from
Website: www.akoravy.com the national highway which connects to Comment:
Social media: @AkoraResources the port town of Toliara. “So, if there is only Maiden drilling from Mt Dimer, 120km north-
east of Southern Cross, WA, released late
Email: info@akoravy.com 20mt it could do 8-10 years at 2 mtpa which in 2020 was highlighted by results from
Key personnel: Paul Bibby (managing would be a terrific project at today’s prices Lightning – 8m @ 5.26 g/t gold from 112m,
with very good margins.”
director), John Madden (chief financial including 4m @ 8.35 g/t from 112m; 4m
officer) @ 5.01 g/t from 116m; 4m @ 6.38 g/t from
Focus: Iron ore, Madagascar 104m and Golden Slipper 4m @ 3.17 g/t
from 88m. Mt Dimer and Mt Palmer are the
historic gold producing assets the company
has in its portfolio in addition to exploration

Page 26 FeBRUaRY 2021 aUSTRaLIa’S PaYDIRT