Demetallica Limited is a an Australian public minerals exploration company. It is set to list on the Australian Securities Exchange (ASX).
Demetallica Limited has five projects – Pyramid Gold, Peake & Denison Project, Chimera Polymetal Project, Windsor Polymetallic Project and Lake Purdilla Gypsum Project.
*Pyramid Gold – covering 150km² embraces two main areas prospective for gold.
*Peake & Denison Project – The project area covering 2,547km² comprises four granted exploration licences.
*Chimera Polymetal Project – The project comprises 21 tenements covering 2,125km2. Chimera hosts 3 deposits with published resources, namely Jericho, Sandy Creek and Altia, and one advanced prospect called Artemis.
– Jericho Mineral Resource Estimate(Inferred): 9.1 million tonnes grading 1.4% Cu, 0.3 g/t Au and 1.6 g/t Ag
– Sandy Creek Mineral Resource Estimate(Inferred): 2Mt @ 1.32% Cu and 0.3g/t Au Ag
– Altia Mineral Resource Estimate(Inferred): 6.3 million tonnes @ 3.4% Pb, 37g/t Ag and 0.38% Zn
*Windsor Polymetallic Project – Covering 629km² the 7 tenements offer discovery potential for multi-element deposits (sulphide sources of base metals zinc-lead-copper and silver-gold)
*Lake Purdilla Gypsum Project – The project comprises 2 tenements covering 219km2. The estimated Mineral Resource (Inferred) is 87Mt at purity of 91% gypsum
Demetallica Limited raised $15,000,000 at $0.25 per share in its initial public offering (IPO). The Offer opens on 16 Apr 2022 and closes on 29 Apr 2022. The date for quotation on ASX is 26 May 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | DRM |
| Name | Demetallica Limited |
| Website | https://demetallica.com.au/ |
| Share Registry | Computershare Investor Services Pty Limited |
| Underwriter | Not underwritten. Argonaut Securities Pty Ltd and Euroz Hartleys Limited (Joint Lead Managers) |
| Opening Date for the Offer: | 16 April 2022 |
| Closing Date for the Offer: | 29 April 2022 |
| Date for New Shares to commence trading on ASX | 26 May 2022 11:00AM AEST |
| Funds to be raised under the Public Offer (before costs) | $15,000,000 |
| Offer price per Share | $0.25 |
| Shares on issue at the Prospectus Date | 28,286,410 |
| Shares to be issued under the Public Offer | 60,000,000 |
| Total Shares | 95,763,250 |
| Escrow | 2,700,000
Options and 2,000,000 Performance Rights (a period of 24 months from quotation) |
| 8,914,631 Shares (a period of 12 months from the date of issue) |
Source: Demetallica Limited prospectus