Northam Resources Limited is focused on the discovery of nickel, copper, platinum group elements (PGE) gold, lithium, and other base metal mineral assets located near Northam, Western Australia, 92km ENE of Perth. It is set to list on the Australian Securities Exchange (ASX).
Northam Resources Limited has four major project areas – Kauring Project Area, Mt Joy Project Area, Ragged Rock Project Area and Yerecoin North Project Area.
*Kauring Project Area – is comprised of six granted ELs with a combined area of approximately 75km2. Target Commodities: Ni-Cu-PGE hosted in mafic / ultra-mafic intrusive rocks.
*Mt Joy Project Area – is comprised of nine exploration licenses for a total area of approximately 770km2. Target Commodities: Ni-Cu-PGE hosted in mafic / ultra-maficintrusive rocks, Orogenic Gold and Pegmatite hosted lithium.
*Ragged Rock Project Area – is comprised of 8 exploration licences and with a total area of just over 717km2. Target Commodities: Ni-Cu-PGE hosted in mafic / ultra-mafic intrusive rocks
*Yerecoin North Project Area – consists of a single tenement and has an area of approximately 26.5km2. Target Commodities: VMS Copper deposits
Northam Resources Limited was looking to raise up to $9 million at $0.25 per share in its initial public offering (IPO). The Public Offer opens on 7 Nov 2022 and closes on 25 Nov 2022. The expected date for quotation on ASX is 16 Dec 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | NRL |
| Name | Northam Resources Limited |
| Website | https://northamresources.com/ |
| Share Registry | Link Market Services Limited |
| Underwriter | Not underwritten. Blue Ocean Equities Pty Limited (Lead Manager) |
| Opening Date for the Public Offer: | 7 November 2022 |
| Closing Date for the Public Offer: | 25 November 2022 |
| Expected date for New Shares to commence trading on ASX | 16 December 2022 |
| Funds to be raised under the Public Offer (before costs) | $9,000,000 (Max) |
| Offer price per share | $0.25 |
| Shares on issue at the Prospectus Date | 100,856,624 |
| Shares to be issued under the Public Offer | 36,000,000(MAX) |
| Total Shares (undiluted) | 136,856,624(MAX) |
| Escrow (estimated) | 37,010,316 Shares, 6,288,036 options and 3,950,000 Performance Rights (a period of 24 months from quotation) 200,000 Shares (a period of 12 months after listing) |
Source: Northam Resources Limited prospectus, official website.