- Jindalee’s gold-lithium spinout Dynamic Metals is holding steady at $0.20 a share
- High-Tech Metals plans to acquire the Werner Lake Cobalt Project in northwestern Ontario
- Exploration in south east Queensland is focused on copper and gold in the Esk Basin
It’s a slim pick for January, but we had Jindalee Resources (ASX:JRL) spinout Dynamic Metals (ASX:DYM) listed at $7M at $0.20 a share Monday after its IPO.
The company traded up 2.5% at $0.19 a share on the first day of trading, briefly falling to $0.175 yesterday before settling back down to $0.20 at the close.
DYM’s flagship project, Widgiemooltha, covers approximately 880 km2 and stretches between Norseman and Kambalda.
The region is known for its numerous nickel and gold mines but has recently gained prominence for its lithium prospects.
“The fact that we had a strongly supported, oversubscribed IPO even in volatile market conditions speaks volumes for the quality of our portfolio,” said MD Karen Wellman.
“This funding allows Dynamic to focus on accelerating exploration at our key Widgiemooltha, Lake Percy and Deep Well projects and unlocking the value of these amazing assets.”
RC drilling is planned at Widgiemooltha to target nickel, with regional mapping and sampling planned to generate lithium targets.
Just one more list this month
HIGH-TECH METALS (ASX:HTM)
Listing: January 23
IPO: $5.5M at $0.20
With the listing, the Company is acquiring the Werner Lake Cobalt Project in northwestern Ontario in the Kenora Mining District.
Initial plans include reviewing existing exploration and geological data, drill targets not previously drilled and defining new drill targets on the project.
New drill targets are then established using electromagnetic techniques to consider targets outside of the existing orebody, after which an RC and/or diamond drilling program is completed.
And in February?
EXPLORING SOUTH EAST QUEENSLAND (ASX:SQX)
Listing: February 3
IPO: $5M at $0.20
SQX’s current focus is on copper and gold mineralization at its Ollenburgs and Scrub Paddock prospects in the underexplored Esk Basin of southeast Queensland and near key regional infrastructure and population centers.
Scrub Paddock has been identified as a potential gold-copper porphyry and hosts over 20 workings and an area comparable in size to Cadia/Ridgeway.
The Company intends to drill priority targets immediately upon listing to define an economic mineral resource.
GREENTECH MINERALS (ASX:GTM)
Listing: February 22nd
IPO: $7M at $0.20
GTM plans to develop high purity quartz deposits from veins identified near Mt Isa in central Queensland.
High purity quartz is an important ingredient in the solar panel, semiconductor and other high-tech industrial sectors.
GTM (Codes will be your friend here) has entered into a preliminary offtake agreement to supply at least 5000 tons of HPQ raw material per year to Jiangsu Yangshan Silicon Materials Technology Co Ltd in China and plans to be operational within 12 to 18 months.
But his longer-term goal is to build a processing and refining facility in north Queensland to secure a share of the most valuable parts of the HPQ market.
TIGER TASMAN MINERALS (ASX:T1G)
Listing: February 24th
IPO: $8M and $0.20
Tiger Tasman Minerals has projects in WA and QLD focused on copper, lithium, nickel, manganese, silver, gold, base metals and industrial minerals (DMM) essential to the global clean energy transition, decarbonization and a more sustainable future .
Projects are located in established and prospective jurisdictions including Paterson Province, Fraser Range, Earaheedy Basin, Ashburton and the Townsville area.
These are the Iron Skarn (QLD) silver-copper-lead-zinc project, the Copper Canyon copper-gold project (WA), the Fraser Range lithium-nickel-copper project (WA), the Mt Minnie (WA), and the Crater copper-zinc-lead-silver-gold project (WA).
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