Live IPO (RTO) - Stonehorse Energy Limited

Nickelore Limited (ASX: NIO), to be renamed Stonehorse Energy Limited (Stonehorse), aims to re-list on the ASX and raise a minimum of $4.2M and up to $8.0M at $0.02/share to develop oil & gas wells in Oklahoma’s Anadarko Basin.

The Prospectus’ raising allows Stonehorse to complete the acquisition of 100% of the US-company Lone Star Energy.

This is an Anadarko Basin focussed oil & gas development company with a beneficial interest in two oil and gas projects located in Texas and Oklahoma, USA. Stonehorse will also participate in the Bullard horizontal well to see current production of ~280boe/d.

The Company’s strategy is to build a portfolio of oil and gas interests by identifying and participating in US based oil and gas investment opportunities by contributing to drilling and completion costs to earn an interest in these assets.

These assets are land based conventional and unconventional, vertical and horizontal oil and gas wells lodged in the states of Texas and Oklahoma. These are typically operated by large US oil and gas companies.

The consideration for the acquisition is entirely securities, thereby allowing funds raised from the Capital Raising to be used directly on activities on projects resulting in:

• Pay by: April 24

• List Price: $0.20

• Minimum Bid: $2,000

• Prospectus
  

Closed.

Live IPO - Expose Resources Ltd.

Expose Resources (proposed ASX: EXX) is focused on exploring and developing high quality gold projects in Australia.

The flagship project is the Red Gate Gold Project located 10km north of Saracen Minerals’ (ASX: SAR) Porphyry Gold Mine in the prolific Eastern Goldfields of WA.

The Company has a fully approved 3,000m RC drill program planned to commence immediately on listing, designed to follow up and extend previous multiple intersections of broad, near-surface high-grade gold mineralization. The Project also hosts multiple other high priority targets which will be systematically drilled.

Recently EXX also effectively expanded Red Gate via an earn-in JV with GFI to earn up to 85% of the tenement adjacent to the East, importantly capturing an additional 3km strike length of the Reidys prospect.

The Company’s second project is the Roger River Gold Project in north-west Tasmania which represents an early stage epithermal-style project with large-scale discovery potential. A maiden drilling program at this target is also planned on listing.

The Company has assembled an experienced management, exploration and development team who are well qualified to exploit the potential of the Company’s mineral assets.

• Pay by: March 22

• List Price: $0.20

• Minimum Investment: $2,000

• Maximum Investment: No Limit.

• Prospectus
  

Closed

Live IPO - Australian Industrial Minerals Ltd.

Australian Industrial Minerals Ltd (ASX: AAM) ) has acquired 100% of Australian Abrasive Minerals Pty Ltd which holds the Harts Range Project, located 140km northeast of Alice Springs in the Northern Territory. The Project has JORC 2012 compliant Ore Reserves that support an initial mine life of 9.25 years, with Measured and Inferred Mineral Resources with potential to extend the mine life.  The Ore Reserves and Mineral Resources contain the complete range of garnet grain particle sizes required for industrial abrasive applications.

AAM’s objective is to extract, process and sell industrial abrasives (principally garnet) from an easily accessible alluvial sand deposit. These abrasives are used in abrasive blast cleaning, waterjet cutting and water filtration applications. The Company’s primary objective is to maximise production at the Project and leverage off the continued global demand for a reliable supplier of environmentally friendly abrasive products. The Company is also pursuing a strategy to become a diverse industrial minerals producer and supplier, by acquiring production-ready industrial mineral opportunities that are a strategic fit for the Company.

• Pay by: March 8

• List Price: $0.25

• Minimum Investment: $2,000

• Maximum Investment: $10,000

• Prospectus
  

Closed

Live IPO - Torque Metals Limited.

Torque was incorporated on 16 August 2017 specifically to explore and, where considered economically positive, to develop gold mines in, and around, the historic gold province centered on the town of Bullfinch, which lies approximately 40 kms North of the town of Southern Cross, midway between Perth and Kalgoorlie in Western Australia.

Torque recently concluded the purchase of a number of contiguous mineral tenements (aggregating approximately 405 km2 ) from Talga Resources Limited. It has subsequently applied for and was granted an adjoining Exploration Licence (EL77/2522) to the East of the Talga ground, covering an area of approximately 210 km2 . The Company, therefore, has 100% ownership of 615 km2 of the highly prospective Bullfinch gold province.

The purpose of the capital raising under this IPO is to raise a minimum of $4,500,000 and a maximum of $7,000,000 (before costs). The proceeds of this capital raising are intended to be applied primarily towards evaluation and exploration of the Bullfinch project, as well as administration, administration and general working capital and corporate overheads.

• Pay by: 30 November 18

• List Price: $0.20

• Minimum Investment: $2,000

• Maximum Investment: $10,000

• Prospectus

Closed.

Live IPO - Canterbury Resources

Canterbury Resources Limited (ASX:CBY) is a mineral exploration company that is seeking to create shareholder value by generating, exploring and monetising potential large scale (“Tier 1”) copper-gold projects in proven mineral belts throughout the southwest Pacific region — a region that hosts numerous world-class copper and gold deposits.

Since inception in 2011, Canterbury has built a well-balanced and highly prospective portfolio of resource opportunities in Papua New Guinea, Queensland and Vanuatu.

Successful exploration and assessment activity at several of these projects has been advanced to the exciting drill testing phase — with drilling programs being implemented at three separate projects during the remainder of 2018, and further drilling planned during 2019.

• Pay by: 9 November 18

• List Price: $0.30

• Minimum Investment: $2,100

• Maximum Investment: $6,000

• Prospectus
  

Closed.