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IPos

kicked off an “aggressive” 75,000m drilling Key personnel: David Hobby (executive
Native Mineral Resources Ltd programme across a 550sq km tene- director), Paul Lock (executive director)
ment package next to the 5 moz Stawell Focus: Tungsten, lithium, Thailand/
ASX: NMR gold mine. “Victoria as a state is underex- South East Asia
plored, but it is actually one of the world’s Comment:
Listing date: November 16 most prolific orogenic belts and I think it’s Drilling at Than Po West at the Khao
IPO amount: $5.74 million fantastic to see so much interest in Victoria Soon project, Thailand, intersected
Share price range since listing: 19-64c at the moment,” NSM chief executive Steve tungsten mineralisation over substantial
Tambanis told Paydirt last October. The
Address: Suite 10, 6-14 Clarence St, Port company has also formed an alliance with widths, the company reported in late
Macquarie NSW 2444 the owners of Stawell, who along with the 2020. In light of the results, drilling con-
tinued at Than Po West where 4-8mt @
Tel: +61 2 6583 7833 Victor Smorgan Group held a 66.7% stake 0.2-0.4% tungsten is being targeted. “We
Website: www.nmresources.com.au in NSM following the IPO. are not just looking to sell a concentrate at
Social: @NM_Resources mine gate and we’re in a position realisti-
Email: info@nmresources.com.au Pan Asia Metals Ltd cally with our projects and our geography
where we can look at a strategy that looks
Key personnel: James Walker past the mine gate,” managing direc-
(chairman), Blake Cannavo (managing ASX: PAM tor Paul Lock told Paydirt at the time of
director), Philip Gardner (director) listing. “A lot of people might say that is
Focus: Copper and gold, Queensland Listing date: October 8 highly speculative and so on but you need
and Western Australia IPO amount: $4.28 million a strategy at the outset and I think people
Comment: Share price range since listing: 9.8-20c like that.”
Drilling at the Palmerville project in north- Address:Level 9, MLC Centre, 19-29
east Queensland began literally minutes Martin Place, Sydney, NSW 2000
after the bell was rung to signal the com- Tel: +61 2 9232 5444
pany’s listing on the ASX. Initial results from Website: www.panasiametals.com
that RC programme have been encourag- The Pan Asia Metals team (L-R): Ian
ing, including shallow intercepts grading up Social: @PanAsiaMetals Mitchell (non-executive director), Wayne
to 0.61% copper at the Leane’s prospect. @panasiametals Kernaghan (company secretary), David
“Usually most companies upon listing take Email: contactus@panasiametals.com Hobby (technical director and chief
anywhere from 3-9 months to start drilling geologist), David Docherty (non-executive
because they have to go and find their director) and Paul Lock (managing director)
targets, whereas we have 10 drill-ready
targets to hit straight off the bat,” NMR man-
aging director Blake Cannavo told Paydirt
in November. Since listing, the company
has acquired two further projects in WA’s
Eastern Goldfields.

North Stawell Minerals Ltd

ASX: NSM

Listing date: September 24
IPO amount: $20 million
Share price range since listing: 39.5-55c
Address: Level 12, 644 Chapel Street,
South Yarra, VIC 3141
Tel: +61 3 5358 9210
Website: www.northstawellminerals.com
Social: @NorthStawell
Email: info@northstawellminerals.com
Key personnel: Steve Tambanis (chief
executive), Jerry Ellis (non-executive
chairman)
Focus: Gold, Victoria
Comment:
While most Victorians were in lockdown
due to a majority community outbreak
of the highly infectious COVID-19, NSM
quietly raised $20 million for an IPO and

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