Lightning Minerals Ltd is a minerals exploration and focus including Lithium, Nickel, Cobalt, Copper, Gold and PGEs in Western Australia. It is set to list on the Australian Securities Exchange (ASX).
Lightning Minerals Ltd has 5 projects – Dundas Project, Mt Jewell Project, Mailman Hill Project and Mt Bartle Project.
*Dundas Project – is the Company’s flagship project and comprises eight (8) granted Exploration Licences (454km2) in locality of major resource projects in the region including Alliance Mineral Assets an’d Liontown Resources.
*Mt Jewell Project – The Mt Jewell Project consists of one Exploration Licence (E27/566) covering approximately 9km2 which is highly prospective for nickel mineralisation
*Mailman Hill Project – The Mailman Hill Project consist of one granted Exploration Licence (E37/1408) covering an area of nearly 102 km2, with the tenement centred 30 km east-southeast of Leonora
*Mt Bartle Project – The Mt Bartle Project consists of three adjoining Exploration Licence Applications (E53/2151, E53/2147 and E53/2159) covering approximately 396 km2;
Lightning Minerals Ltd was looking to raise up to $7 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 13 Oct 2022 and closes on 31 Oct 2022. The expected date for quotation on ASX is 22 Nov 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
ASX code | L1M |
Name | Lightning Minerals Ltd |
Website | https://lightningminerals.com.au/ |
Share Registry | Automic Pty Ltd |
Underwriter | Not underwritten. PAC Partners Securities Pty Ltd (Lead Manager) |
Opening Date for the Public Offer: | 13 October 2022 |
Closing Date for the Public Offer: | 31 October 2022 |
Expected date for New Shares to commence trading on ASX | 22 November 2022 |
Funds to be raised under the Public Offer (before costs) | $7,000,000 (Max) |
Offer price per share | $0.20 |
Shares on issue at the Prospectus Date | 10,332,000 |
Shares to be issued under the Public Offer | 35,000,000 |
Total Shares | 48,457,170 |
Escrow | 7,638,970 Shares, 10,200,000 options and 4,800,000 Performance Rights (a period of 24 months from the date of Admission) 3,546,951 Shares (a period of 12 months from the date of issue) |
Source: Lightning Minerals Ltd prospectus, official website.