In the first half of 2021, 85 companies listed on the ASX, raising $3.5 billion in IPOs and listing with a combined market capitalisation of $22.8 billion.
Nearly half of these listings come from the resources sector, with the mining and exploration companies collectively raising more than $650 million.
That trend is set to continue over the next fortnight.
This article introduces five mining and exploration companies due to list on ASX in the coming two weeks.
Midas Minerals Ltd
Listing date: September 7, 2021
Issue price: $0.20
Capital to be raised: $6 million
Midas Minerals Ltd is focused on the acquisition, exploration and development of mineral resource projects targeting gold, platinum group elements (PGE), nickel, copper and other base metals from a portfolio of highly prospective mineral exploration projects in the Eastern Goldfields and Murchison regions of Western Australia.
The company proposes to use the funds raised from the IPO towards exploration activities on its tenements.
Besra Gold Inc
Listing date: September 7, 2021
Issue price: $0.20
Capital to be raised: $12.5 million
Besra Gold Inc is a gold mining company focused on the exploration and development of the Bau Goldfield situated in Sarawak in East Malaysia.
The funds from the IPO will be used to significantly advance drilling and development plans at the Bau gold project.
Culpeo Minerals Ltd (ASX:CPO)
Listing date: September 8, 2021
Issue price: $0.20
Capital to be raised: $6 million
Culpeo Minerals has assembled a strong portfolio of high-grade assets in the Coastal Cordillera of Chile targeting proven district scale, under-explored mineralised systems.
Funds from the IPO will be used to further explore and develop these assets as well as seek out further complementary exploration, acquisition and development opportunities.
Legacy Minerals Holdings Ltd
Listing date: September 13, 2021
Issue price: $0.20
Capital to be raised: $7 million
Legacy Minerals Holdings Limited is focused on the acquisition, exploration, development of exploration tenements with high copper and gold prospectivity in the Lachlan Orogen in New South Wales.
The funds from the IPO will be initially used for drill campaigns across Legacy’s more advanced exploration projects targeting high-grade gold and silver.
Heavy Minerals Ltd
Listing date: September 14, 2021
Offer price: $0.20
Capital to be raised: $5.5 million
Heavy Minerals Ltd (ASX:HVY) is focused on exploration, development and acquisition of mineral resource projects in Western Australia and Mozambique targeting industrial minerals.
The proceeds from the IPO will be utilised to continue to systematically explore and develop its Inhambane Mineral Sands Project in Mozambique.