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neWs North Stawell Minerals listed on the ASX in late September while Victoria

was in a second lockdown period due to a COVID-19 outbreak

“As we update the geophysics, the geochemistry and the
structural work, I think we’ll be getting more targets and some
of the lesser targets will fall away. It’s what happens when
you’re continually ranking and re-ranking prospects, but the
key point for us is getting through all the priority ones and see
what we come up with.”
NSM has also formed an alliance with the owners of the
Stawell gold mine, who along with the Victor Smorgan Group
held a 66.7% stake in the company following the IPO.
Experienced Victorian geologist Brad Robinson has also
joined NSM as exploration manager, having made several
discoveries around Stawell in recent years.
“In a 2.5-year period, Brad and his team have delivered over
600,000oz of new gold, which is pretty amazing given the mine
itself has churned out 5 moz since 1860,” Tambanis said.
“It was only a few weeks ago they drilled 98m @ 5.81 g/t, so I
really wouldn’t be surprised if they have claims over 1 moz of
discoveries by this time next year. Again, it just goes to show
that the Magdala mine keeps on keeping on.”

Upcoming resources floats ASX ticker IPO amount Focus Listing date

Akora Resources Ltd AKO $5 million iron ore Dec 11
Aurumin Ltd AUN $7 million gold Nov 30
Caspin Resources Ltd CPN $8 million nickel-copper-PGE Nov 25
Prospech Ltd PRS $5 million gold, silver Dec 1
Rincon Resources Ltd RCR $6 million gold, base metals Dec 10
WA Kaolin Ltd WAK $22 million kaolin Nov 27
Westar Resources Ltd WSR $5 million gold Dec 14
Desert Metals Ltd DM1 $5 million nickel, copper Dec 9
Kingfisher Mines Ltd KFM $6 million copper-gold Dec 17
Medallion Metals Ltd MM8 $20 million gold, base metals Dec 24

particularly at a time when prices for the
precious metal are at record highs, any
prospectus that is primed to take advan-
tage of an opening in the market will thrive.
“These things usually don’t happen
overnight, but when you see an opening
in the market, suddenly things can be ac-
celerated,” he said.
“Some are just waiting for the right time,
whereas others are quite reactive and we
particularly see these in the mining ser-
vices where you’ve got owners who are
perhaps heading towards retirement or
selling out and haven’t been able to in the
last few years because the demand hasn’t
been there. These are often established
businesses and we’ve seen quite a few of
those come through like Dynamic Drill and
Blast [Holdings Ltd] and Duratec [Ltd].
“There’s quite a long list of those and this
is just the right window to do it.”
While lithium floats are few and far be-
tween due to depressed prices for the bat-
tery mineral, other key battery inputs such
as nickel and copper feature prominently
in the upcoming IPO pipeline. In fact, the
NMR team targeted a listing based ex-
clusively on its exposure to the red metal
Copper was integral to the prospectus of Native Mineral Resources

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