New IPO - Star Minerals Limited

Afternoon IPOWatchers!

An exciting new IPO has just been lodged with the ASX.

Star Minerals Limited is a mineral exploration company established for the purpose of exploring for and developing high grade gold and base metals located at their Tumblegum South Project and West Bryah Project (the Projects), each located in central Western Australia.

The Company’s initial focus will be on the rapid advancement of the exploration and development of the Tumblegum South Gold Project. The Tumblegum South deposit has a granted Mining Lease (ML 51/888) and an existing Inferred Resource (JORC 2012 compliant) of 600,000 tonnes at 2.2g/t Au, equating to 42,500 oz. The project is located ~40km south of Meekatharra, in an area well served by mining infrastructure and support with multiple options for toll treatment.

The West Bryah Project is 349km2 package of tenements prospective for gold, copper, and other base metals in the West Bryah with significant soil anomalies and promising drilling results to follow up. The West Bryah tenements represent a further opportunity to explore for gold and base metal deposits in an under-explored package of tenements with only a sporadic exploration history and very little activity using modern exploration techniques.

The Star Minerals Limited IPO will open on Monday the 9th of August next week, and will close on the 3rd of September. Star Minerals are looking to raise $5,000,000 at an issue price of $0.20, with the shares expected to commence trading on the ASX on the 16th of September.

Star Minerals are looking to raise $5,000,000 as an issue price of $0.20.

Star Minerals are looking to raise $5,000,000 as an issue price of $0.20.

The prospectus can be found by clicking the link through the IPOWatch front page, with applications to open soon.

Stay tuned for more updates next week!

End of financial year wrap-up!

Happy Thursday IPOwatchers and welcome to the new financial year.

FY21 was a mammoth year for IPOs. For the period of Jan 1st 2021 to June 30th 2021 we saw a whopping 58 companies list, and we still have 37 IPOs that haven’t reached listing date still to come.

For the IPOs YTD, there are a couple top performers:

  1. Firebird Metals - Listed in March at an issue price of $0.20 and closed yesterday at $0.62 a share, representing a return on investment of 210% over 3 months.

  2. Pentanet Limited - Listed in Jan at an issue price of $0.25 and closed yesterday at $0.68 a share, representing a return on investment of 172% over 5 months.

  3. Peregrine Gold Limited - Listed in March at an issue price of $0.20 and closed yesterday at $0.38 a share, representing a return on investment of 90% over 3 months.

As always, when it comes to any investment make sure to do your own research. While the above companies have performed well since listing, that won’t be the case for every IPO.

For more information on previous IPOs, make sure to look at our scorecards section to see what companies have performed well and what companies haven’t since listing.

In the meantime, stay tuned as always for more updates. There are still plenty IPOs in the pipeline over the next month and a lot of action happening in the space.

New IPOs - Keypath Education International Inc, Resource Base Limited and Western Mines Group Limited

Happy Friday IPOWatchers!

We’ve got a several new IPOs across a range of sectors to keep an eye, namely Keypath Education International Inc, Resource Base Limited and Western Mines Group Limited.

First up is U.S based Keypath Education International Inc. Keypath is a leading EdTech company that partners with universities globally, to deliver market-led, technology-enabled online higher education programs. Supported by Keypath’s end-to-end technology and data platform KeypathEDGE, Keypath partners with universities to design, develop, launch and grow online programs which aim to deliver career-relevant education to individuals seeking to up-skill or re-skill.

Keypath’s IPO opened on the 19th of May and will close on the 26th of May. The company is seeking to raise $212.1m AUD at an offer price of $3.71 AUD per share. The shares are expected to list on the 2nd of June.

Keypath is seeking to raise $212.1m AUD at an offer price of $3.71 AUD per share.

Keypath is seeking to raise $212.1m AUD at an offer price of $3.71 AUD per share.

Also looking to enter the public space are Resource Base Limited. Resources Base limited agreed to acquire a 100% interest in Navarre Minerals’ Black Range Project (comprising Exploration Licence 4590) located in the well-known and highly prospective Stavely corridor in north-west Victoria.

The Black Range Project (124km2) includes multiple, largely untested, targets over approximately 100 kilometres of Stavely Arc volcanics, including the Eclipse, Lexington, Glenlyle and Pollockdale prospects. Historic work programs, completed by Navarre, have targeted large volcanic-hosted massive sulphide (VHMS), porphyry copper – gold and epithermal deposits within the region and have successfully intercepted mineralized units within defined geological settings.

Resource Base’s IPO opened on the 17th of May and will close on the 14th of June. The company is seeking to raise between $5,000,000 and $5,500,00 at an offer price of $0.20 per share. The shares are expected to list on the 2nd of July.

Resource Base is seeking to raise between $5,000,000 and $5,500,00 at an offer price of $0.20 per share.

Resource Base is seeking to raise between $5,000,000 and $5,500,00 at an offer price of $0.20 per share.

Last but not least is Western Mines Group Limited. Western’s goal is to create significant investment returns for their shareholders through exploration and discovery of high-value gold and nickel sulphide deposits across a portfolio of highly-prospective projects located on major mineral belts of Western Australia.

The company’s flagship project and primary focus is Mulga Tank Ni-Cu-PGE Project, a major dunite intrusive found on the under-explored Minigwal Greenstone Belt. Previous work shows significant evidence for a working sulphide mineral system and is considered highly prospective for Ni-Cu-PGE mineralisation.

Western’s other major projects are Melita (Au), midway between Kookynie and Leonora in the heart of the WA Goldfields and Jasper Hill (Au), with numerous prospective gold trends extending from the adjacent Lord Byron and Fish historic gold mines.

Western’s IPO opened on the 17th of May and will close on the 14th of June. The company is seeking to raise between $4,500,000 and $5,500,00 at an offer price of $0.20 per share. The shares are expected to list on the 28th of June.

Western Mines Group is seeking to raise between $4,500,000 and $5,500,00 at an offer price of $0.20 per share.

Western Mines Group is seeking to raise between $4,500,000 and $5,500,00 at an offer price of $0.20 per share.

That’s all for this week IPOWatchers, have a great weekend!

New IPOs and commencement of listings; Lode Resources, Polymetals, Codrus Minerals and Argenica Therapeutics

Hi IPOWatchers!

It’s been a busy week for IPOs once again. Over the past 8 days 6 companies have listed on the ASX following successful IPOs.

We’ve also seen several new prospectuses lodged with 4 new IPOs to keep an eye on!

First up, let’s talk about the newest IPOs; Lode Resources, Polymetals, Codrus Minerals and Argenica Therapeutics.

Lode Resources Limited is a junior copper, gold and silver explorer with the aim of creating shareholder value through the exploration and development of high-quality deposits in the New England Fold Belt in NSW.

Lode own 6 projects in the New England Fold Belt, all of which are 100% owned and already have significant preliminary surface work done including geophysics and/or geochemistry. The company‘s strategy is to:

  1. Systematically explore and develop the Company’s Tenements in the New England Fold Belt;

  2. Target large-scale gold, silver and copper mineral systems;

  3. Use modern exploration methods and best practices in cost effective programs; and

  4. Advance discoveries to the development stage.

Lode Resources is aiming to raise between $5,000,000 and $7,500,000 at an issue price of $0.20. The offer is open right now and will close in 4 days on the 17th of May! The company is expected to list on the 1st of June.

Lode Resources is aiming to raise between $5,000,000 and $7,500,000 at an issue price of $0.20.

Lode Resources is aiming to raise between $5,000,000 and $7,500,000 at an issue price of $0.20.

Also in the resources space is Polymetals Limited.

Polymetals Limited is an Australasian company with a 100% interest in Golden Guinea Resources SARL (Golden Guinea) in Guinea, West Africa.

The company owns two exploration licences within the Siguiri Basin in Guinea, an area that occupies the north-eastern corner of Guinea and hosts several large active gold mining operations and is notable for its widespread gold anomalism. The region is considered prospective and relatively immature from an exploration perspective and produces over 500,000 oz of gold/year.

Polymetals is looking to raise between $5,000,000 and $7,000,000 at an issue price of $0.20. The offer is already open and will close on the 28th of May. Polymetals is expected to list on the ASX on the 15th of June.

Polymetals is looking to raise between $5,000,000 and $7,000,000 at an issue price of $0.20.

Polymetals is looking to raise between $5,000,000 and $7,000,000 at an issue price of $0.20.

Our last resource explorer this week is Codrus Minerals, a company spun out of Blackstone Mineral’s (BSX) non-core gold assets.

Codrus Minerals own 3 projects in the Kalgoorlie and Pilbara regions, and 1 in the mining friendly sate of Oregon, USA. These projects are:

  1. Silver Swan South Project - A Gold and Nickel Prospect 20km Northeast of Kalgoorlie

  2. Red Gate Project - A Gold prospect 140km North of Kalgoorlie

  3. Middle Creek Project - A Gold prospect 185km North of Newman in the East Pilbara Region

  4. Bull Run Project - A Gold prospect in Baker County, Oregon, USA, of which the company has an option to acquire 11 mining claims and 100% interest in an additional 79 claims.

Codrus Minerals is looking to raise $8,000,000 at an issue price of $0.20. The offer opens today and will close on the 3rd of June. Codrus Minerals is expected to list on the ASX on the 23th of June.

Codrus Minerals is looking to raise $8,000,000 at an issue price of $0.20.

Codrus Minerals is looking to raise $8,000,000 at an issue price of $0.20.

Lastly this week we have Argenica Therapeutics Limited, a medical research company looking to develop a treatment for strokes and other acute central nervous system injuries.

The company is undertaking the development and commercialisation of a novel therapeutic, which is based on arginine rich peptides, with the goal to reduce brain damage after stroke and improve patient outcomes. Their lead neuroprotective peptide candidate, ARG007, has been successfully demonstrated to improve outcomes in pre-clinical stroke models and is in the process of being verified for its safety and toxicology before commencing Phase 1 clinical trials in humans.

Argenica Therapeutics is looking to raise $7,000,000 at an issue price of $0.20. The offer opened on the 1st of May and will close on the 21st of May. Argenica Therapeutics is expected to list on the ASX on the 10th of June.

Argenica Therapeutics is looking to raise $7,000,000 at an issue price of $0.20.

Argenica Therapeutics is looking to raise $7,000,000 at an issue price of $0.20.

Also keep an eye out for the 6 new listings this week!

They are:

  1. Black Canyon Limited (BCA)

  2. Qmines Limited (QML)

  3. Nickel X Limited (NKL)

  4. Australasian Gold Limited (A8G)

  5. Global Lithium Resources Limited (GL1)

  6. EP & T Global (EPX)

Have a great Thursday and Friday IPOWatchers and stay tuned for more updates next week.

New IPOs - HitIQ, Polymetals, FOS Capital and Monger Gold.

Good afternoon IPOwatchers, hope you all had a good weekend!

This week there are 4 new IPOs to keep an eye out for this week; HitIQ, Polymetals, FOS Capital and Monger Gold.

HitIQ Limited are the creators of the NEXUS A9, a sports mouthguard with the purpose of assisting in the surveillance, detection, assessment and diagnosis of sports related concussion injury. The Company’s initial focus is on the rapid penetration of the Australian elite sports market through the promotion of its Nexus A9 mouth guard product, before looking to expand its market into other international markets.

HitIQ is aiming to raise between $7,000,000 and $10,000,000 at an issue price of $0.20. The offer opened on the 30th of April and closes on the 21st of May, and is expected to list on the 7th of June.

HitIQ is aiming to raise between $7,000,000 and $10,000,000 at an issue price of $0.20.

HitIQ is aiming to raise between $7,000,000 and $10,000,000 at an issue price of $0.20.

Next up is Polymetals Limited; an Australian mining company headquartered in Sydney.

Polymetals Limited is an Australian mining and exploration company with the aim of acquiring, exploring and developing gold projects in Guinea, West Africa. The key projects within the Company’s Portfolio are Alahiné and Mansala, situated within Guinea's Siguiri Basin. The region is considered prospective and relatively immature from an exploration perspective and produces over 500,000 oz of gold/year.

Polymetals Limited is aiming to raise between $5,000,000 and $7,000,000 at an issue price of $0.20. The offer opened on the 3rd of May and closes on the 28th of May, and is expected to list on the 15th of June.

Polymetals Limited is aiming to raise between $5,000,000 and $7,000,000 at an issue price of $0.20.

Polymetals Limited is aiming to raise between $5,000,000 and $7,000,000 at an issue price of $0.20.

Also new this week is FOS Capital Limited.

FOS Capital Limited operates in the commercial, retail and industrial lighting markets in Australia, with particular focus and expertise in LED lighting applications, and provides a broad range of lighting products and services. These sectors include warehousing, hospitality, medical, aged care and education facilities which typically require large scale bespoke lighting solutions.

FOS Capital Limited is aiming to raise $3,000,000 at an issue price of $0.25. The offer opens on the 10th of May and closes on the 31st of May, and is expected to list on the 9th of June.

FOS Capital Limited is aiming to raise $3,000,000 at an issue price of $0.25.

FOS Capital Limited is aiming to raise $3,000,000 at an issue price of $0.25.

Last but not least we have Monger Gold Limited.

Monger Gold Limited is currently a wholly owned subsidiary of Torian Resources Limited (ACN 002 261 565). The Company will acquire the Mt Monger and Gibraltar South Project and the associated Tenements, all of which are located in Western Australia.

The Mt Monger Project lies within the Gindalbie Terrane of the Eastern Goldfields Granite–Greenstone Terrane, a subdivision of the Norseman–Wiluna Greenstone Belt which is part of the Archaean Yilgarn Craton. The Mt Monger region has produced approximately 1.67m oz of gold.

The Gibraltar South Project is situated south-west of Coolgardie, and hosts gold mineralisation at numerous locations stretching back to Coolgardie, including Norma May, Grosmont, Burbanks and MacPherson’s Reward.

Monger Gold Limited is aiming to raise between $5,000,000 and $6,000,000 at an issue price of $0.20. The offer opened on the 27th of April and closes on the 24th of May, and is expected to list on the 8th of June.

Monger Gold Limited is aiming to raise between $5,000,000 and $6,000,000 at an issue price of $0.20

Monger Gold Limited is aiming to raise between $5,000,000 and $6,000,000 at an issue price of $0.20

Thanks for tuning in IPOwatchers. As always, stay tuned for more updates this week!