Core Exploration (ASX: CXO) has been admitted to the ASX after a successful IPO offered 25 million shares at $0.20 to raise $5 million.
The company is targeting copper in South Australia and will focus on the company’s flagship Yorke Peninsula project, which Core said is prospective for copper and gold based on exploration targets previously identified.
Core is also developing an extensive uranium exploration project portfolio in South Australia, a jurisdiction with two operating uranium mines, a further two mines due to commence production and also hosts to the world’s largest uranium deposit at Olympic Dam.
Core will start trading on the ASX at 11:30am EDST on Friday 11 February, with around 27.6 million shares on issue.