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    <pre style="white-space:pre-line"><code>2017 IPOs

AIC Resources Ltd (ASX: A1C)                 Share price range since listing:             info@bryah.com.au; Web: www.bryah.
                                             16.5-62c                                     com.au
Comment: With Centamin plc founder           Address: Level 3, 24 Outram St, West         Key personnel: Neil Marston (managing
Josef El-Raghy and Tanami Gold NL di-        Perth WA 6005Â Tel: +61 89425 5217;           director)
rector Brett Montgomery in the key po-       Email: admin@blackstoneminerals.
sitions, AIC has plenty of experience to     com.au; Web: www.blackstoneminerals.         Carawine Resources Ltd	
lean on while exploring its Marymia gold     com.au                                       (ASX: CWX)
project in the eastern Gascoyne region       Key personnel: Scott Williamson (man-
of WA. The project comprises 21 ex-          aging director), Andrew Radonjic (direc-     Comment: see page 47
ploration licences covering 3,160sq km.      tor), Hamish Halliday (chairman)             Listing date: December 14
AIC undertook magnetic and airborne                                                       IPO amount: $7 million
geophysical surveys at Marymia prior         Bryah Resources Ltd (ASX: BYH)               Share price range since listing: 20-27c
to listing and plans to spend funds from                                                  Address: Level 2, 41-47 Colin St, West
the IPO on a broad-scale topographic         Comment: Discovery of the districtâ€™s         Perth, WA 6005;Â Tel: +61 8 6555 8777;
imagery survey and soil geochemistry in      next significant VMS deposit is the ra-      Email: info@carawine.com.au; Web:
the first year of operation before spend-    tionale behind Bryah Resourcesâ€™ floating     www.carawine.com.au
ing plus-$2 million on drilling in its sec-  of a tenement package in its namesake        Key personnel: David Boyd (managing
ond year.                                    basin in WA. The Bryah Basin had al-         director)
Listing date: December 1                     ready revealed riches at DeGrussa and
IPO amount: $10 million                      Monty prior to the Bryah asset suite be-     Cobalt Blue Holdings Ltd	
Share price range since listing: 	           ing built and Auris Minerals Ltdâ€™s discov-   (ASX: COB)
21c-25c                                      ery of the Wodger prospect early in 2017
Address: 431-435 Roberts Road, Subi-         gave the company added impetus dur-          Comment: One of the first movers in co-
aco, WA; Tel: +61 8 6269 0110; Email:        ing its IPO campaign. Prior to listing, the  balt early last year, Cobalt Blue wasted
info@aicresources.com.au; Web: www.          company spent more than $150,000 on          no time upgrading the resource at its
aicresources.com.au                          flying aeromagnetics across its 713.8sq      Thackaringa project, about 23km south-
Key personnel: Josef El-Raghy (chair-        km land package in the region as it looks    west of Broken Hill in New South Wales,
man), Brett Montgomery (managing di-         to focus in on discrete VMS orebod-          to JORC 2012 reporting standards. A
rector)                                      ies. In late November, UTS Geophysics        scoping study which indicated the com-
                                             launched a heli-borne VTEM survey over       pany had a â€œtechnically and economi-
Alderan Resources Ltd (ASX: AL8)             a 300sq km area with results expected        cally justifiableâ€ asset on its hands soon
                                             last month.                                  followed, paving the way for immediate
Comment: see page 50                         Listing date: October 17                     progression to a PFS. At the time of print,
Listing date: June 9                         IPO amount: $5 million                       Cobalt Blue had treated 40kg of concen-
IPO amount: $8.5 million                     Share price range since listing:             trate (out of 100kg) through a calcine
Share price range since listing:             16-25c                                       furnace and 8kg of calcine (out of 80kg)
31c-$2.40                                    Address: 85 Havelock St, West Perth,         through a leach circuit as part of a metal-
Address: Ground Floor, 16 Ord Street,        WA 6005;Â Tel: +61 89321 0001; Email:         lurgical test work programme to be fed
West Perth, WA, 6005; Tel: +61 8 9482
0560; Email: info@alderanresources.          Bryah Resources has etched out a sizeable chunk of VMS-prospective
com.au; Web: www.alderanresources.                                                                            ground in the Bryah Basin
com.au
Key personnel: Nicolaus Heinen (chair-
man), Christopher Wanless (executive di-
rector), Frank Hegner (executive director)

Ardea Resources Ltd (ASX: ARL)

Comment: see page 49
Listing date: February 9
IPO amount: $5.1 million
Share price range since listing:
17c-$2.20
Address: Suite 2, 45 Ord Street, West
Perth, WA, 6005; Tel: +61 8 6500 9200;
Email: ardea@ardearesources.com.au;
Web: www.ardearesources.com.au
Key personnel: Katina Law (non-exec-
utive chair), Matthew Painter (managing
director), Ian Buchhorn (executive direc-
tor)

Blackstone Minerals Ltd	
(ASX: BSX)

Comment: see page 53
Listing date: January 23
IPO amount: $3.5 million

PAGE 38 FEBRUARY 2018 AUSTRALIAâ€™S PAYDIRT</code></pre>
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