CAPITAL MARKETS

NickelSearch opens $10M IPO

Advanced explorer aiming to list within weeks

 The Carlingup project

The Carlingup project

The company is offering 35 million shares at 20c each to raise $7 million, but will accept oversubscriptions up to a further $3 million.

Discovery Capital Partners is acting as lead manager to the offer, which opened yesterday.

NickelSearch holds the Carlingup project, adjacent to First Quantum Minerals' Ravensthorpe nickel operation.

The project comprises eight granted mining licenses and seven exploration licenses covering more than 15km of strike.

Carlingup has a resource of 171,000 tonnes of nickel at 0.58%.

The Rav-8 deposit historically produced 16,100t at 3.45% nickel, including 9600t of nickel at 5.83%.

The John Ellis laterite deposit has early production potential, given it is contiguous with FQM's Nidibillup deposit.

NickelSearch is aiming to start drilling at Carlingup in the December quarter, following the company's ASX listing in early October.

Geologists David Royle and Craig Moulton are chairman and managing director, respectively.

Corporate advisor Norm Taylor, former Perenti executive Donald James and mining engineer Paul Bennett are on the board, with the latter the representative of Medallion.

Medallion expects to hold 15.1-17.6% of NickelSearch.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.