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A greenfields discovery is rare
Investor support is critical both prior to Warburton said in itself but one so early in a
and post an IPO. To that end, Investabil- new companies
ity director Dannika Warburton says new must also con- company’s history is quite extraordinary
and g
floats with a story which can be differenti- sider how they “ets shareholders and everyone in
ated from others in a market awash with will engage with the company very, very excited about
IPOs will always catch the eye. shareholders and
“You’ve definitely got to have a compa- other investors the possibilities.
ny which is unique on top of your strengths once the IPO pro-
in terms of the people, the project and the cess is complete,
strategy, because if you can’t differentiate especially with the market still running hot version of the presentation,” she said. “I
why someone should invest in you over for new investment opportunities. think it’s really important for companies
somebody else, then it’s going to be a “The pre-IPO phase is just the founda- to be creating their own content so they
hard sell,” she said. tion or the stepping stone for a company can put their narrative out to the market.
“There also has to be an element of because the main work really begins post We’re increasingly seeing that the cover-
what the market likes at the moment. It’s listing where you really have to engage age of small cap companies is dwindling
definitely been easier to sell a battery with your longer-term shareholders on an in the traditional media and so in a space
metals play more than something that’s ongoing basis for the company to be suc- which is very, very crowded, it’s important
not in the clean energy space. Markets cessful,” she said. for companies to be taking control of their
can move on very fast and lose interest The importance of digital and social me- own narrative that can be rapidly shared
if you’re not focused on something which dia also cannot be understated, Warbur- online.”
is current.” ton added. Almost all of the new metals Given her own background in corporate
Investability clients raised a collective and mining listings over the past year have relations, Lancaster has made sharehold-
$352 million last year, of which $61 million a Twitter and/or LinkedIn account, with er engagement one of her top priorities
was specific to IPOs. The Sydney-based many posting video content on a regular alongside overseeing 92E’s current winter
investor relations firm also supported the basis to keep shareholders updated on drilling programme at Gemini. The compa-
float of ChemX Materials Ltd, one of the their progress. ny recently resumed a 6,600m campaign,
first new listings of 2022. “Video has become the modern day with one drill rig focused on the Gemini
Mineralised Zone where the discovery
was made and another targeting potential
extensions and regional prospects.
While a resource looms as the obvious
next major milestone for 92E, Lancaster
is unashamedly looking towards a poten-
tially bigger future for the company.
“A greenfields discovery is rare in itself
but one so early in a company’s history is
quite extraordinary and gets shareholders
and everyone in the company very, very
excited about the possibilities,” she said.
“Obviously we need to follow up on
that discovery and the truth serum will be
in the drill bit. If we can be successful in
this initial programme and follow that up
with some pretty aggressive drilling, which
we have the money to be able to do, then
hopefully we can delineate a resource if
there’s one to be delineated.
“The dream is do a repeat of Extract…it
would be amazing if we can repeat that in
the Athabasca Basin.”
There were also a number of spin-outs
among the IPO Class of 2021, including
Cannon and Evolution Energy. Cannon
is the new home for Rox Resources Ltd’s
former Fisher East and Collurabbie nickel
projects in WA, while Evolution Energy
has picked up from where Marvel Gold
Ltd (formerly Graphex) paused the Chilalo
graphite project in Tanzania upon hitting a
major development funding hurdle in early
2020.
Lancaster with technical director Steve Blower on site at 92 Energy’s Gemini project in
Canada’s Athabasca Basin. In September, the company announced a major uranium
discovery from just the fourth drill hole of its maiden exploration campaign

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