Odette Six Metals Limited is a Australia based minerals exploration company and focused on REEs in the Western Australia. It is set to list on the Australian Securities Exchange (ASX).
Odette Six Metals Limited has 2 projects – Splinter Rock REE Project and Grass Patch REE.
*Splinter Rock REE Project – It comprises comprising 6 granted exploration licences which covers an area of approximately 2,579.3km2. The REE mineralisation at the Splinter Rock Project occurs in the weathered profile (in-situ regolith) adjacent to Booanya granitic basement rocks which are enriched in REE.
*Grass Patch REE Project – It comprises comprising 4 granted exploration licences and 2 exploration licence applications which covers an area of approximately 2,248km2. The Grass Patch Project is at an earlier stage, however OD6 also believe this Project has the potential to host large scale REE systems.
Odette Six Metals Limited was looking to raise up to $8 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 18 May 2022 and closes on 24 May 2022. The date for quotation on ASX is 22 June 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | OD6 |
| Name | Odette Six Metals Limited |
| Website | https://www.od6metals.com.au/ |
| Share Registry | Computershare Investor Services Pty Limited |
| Underwriter | Not underwritten. Canaccord Genuity (Australia) Limited (Lead Manager). |
| Opening Date for the Public Offer: | 18 May 2022 |
| Closing Date for the Public Offer: | 24 May 2022 |
| Expected date for New Shares to commence trading on ASX | 22 June 2022 12:00 PM AEST |
| Funds to be raised under the Public Offer (before costs) | $8,000,000 |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 62,450,745 |
| Shares to be issued under the Public Offer | 40,000,000 |
| Total Shares | 102,450,745 |
| Escrow | 29,175,371 Options, 47,435,249 Shares and 2,500,000 Performance Rights (a period of 24 months from quotation) |
| 5,675,000 Shares (a period of 12 months from 3 January 2022) |
Source: Odette Six Metals Limited prospectus, official website.