Bayrock Resources Limited is a Australia based battery metals exploration, development and acquisition company and to pursue high-grade nickel and cobalt resources in Sweden. It is set to list on the Australian Securities Exchange (ASX).
Bayrock Resources Limited has 2 projects – Lainejaur Project and Northern Nickel Line Project.
*Lainejaur Project – Its Bayrock’s flagship asset and has a JORC Inferred resource of 460,000t @ 2.2% Ni, 0.7% Cu, 0.15% Co, 0.68/t Pd, 0.2g/t Pt and 0.65g/t Au (3.4% NiEq).
*Northern Nickel Line Project – It consists of five projects . Previous explorers have discovered promising nickel-base metal prospects in each of the five projects.
Bayrock Resources Limited was looking to raise up to $12 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 9 Jun 2022 and closes on 29 July 2022. The expected date for quotation on ASX is 11 August 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | BAY |
| Name | Bayrock Resources Limited |
| Website | https://www.bayrockresources.com/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. RFC Ambrian Limited (Lead Manager). |
| Opening Date for the Public Offer: | 9 June 2022 |
| Closing Date for the Public Offer: | 29 July 2022 |
| Expected date for New Shares to commence trading on ASX | 11 August 2022 |
| Funds to be raised under the Public Offer (before costs) | $12,000,000 (MAX) |
| Offer price per Share | $0.20 |
| Shares on issue at the Prospectus Date | 50,000,000 |
| Shares to be issued under the Public Offer | 60,000,000 (MAX) |
| Total Shares | 110,000,000 (MAX) |
| Escrow (estimate) | 41,932,000 Shares |
Source: Bayrock Resources Limited prospectus, official website.