Orpheus Minerals Ltd was established to explore for and discover greenfield uranium deposits in South Australia and the Northern Territory at economic grade and scale. It is set to list on the Australian Securities Exchange (ASX).
Orpheus Minerals Ltd has 6 projects – Frome Project, Cummins Project, Mount Douglas Project, Ranger North-East Project, T-Bone Project and Woolner Project.
*Frome Project – It consists of three exploration licences covering approximately 2,894 km2 and located in the Frome Embayment, South Australia. It is one of the most prolific locations globally in terms of discovered economic sandstone hosted uranium deposits.
*Cummins Project – It is located on the southern Eyre Peninsula of South Australia. The project area is approximately 55 km northwest of Port Lincoln.
*Mount Douglas Project – It consists of one granted Exploration Licence and two Exploration Licence Applications. It is in the eastern part of the Rum Jungle Mineral Field (RJMF). The RJMF was the first major uranium mining and processing centre in Australia.
*Ranger North-East Project – It is located within the Alligator Rivers uranium field (ARUF) in the north-eastern part of the Pine Creek Orogen in the Northern Territory.
*T-Bone Project – It is located in the South Alligator Valley Mineral Field (SAVMF), a narrow, northwest trending belt around 100 km southwest of Jabiru, which contains at least 13 uranium deposits and a further 15 uranium occurrences.
*Woolner Project – It has the potential for discovery of a large, robust, unconformity-style deposit. The area is immature from an exploration perspective due to there being no documented uranium occurrences and the little previous exploration to have occurred in the area generated no documented prospects.
Orpheus Minerals Ltd was looking to raise up to $30 million at $0.20 per share in its initial public offering (IPO). The Public Offer opens on 25 Oct 2022 and closes on 09 Dec 2022. The expected date for quotation on ASX is 23 Dec 2022.
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | ORP |
| Name | Orpheus Minerals Ltd |
| Website | https://orpheusminerals.com.au/ |
| Share Registry | Boardroom Pty Limited |
| Underwriter | Not underwritten. Taylor Collison Limited (Lead Manager) |
| Opening Date for the Public Offer: | 25 October 2022 |
| Closing Date for the Public Offer: | 09 December 2022 |
| Expected date for New Shares to commence trading on ASX | 23 December 2022 |
| Funds to be raised under the Public Offer (before costs) | $30,000,000 (Max) |
| Offer price per share | $0.20 |
| Shares on issue at the Prospectus Date | 22,400,100 |
| Shares to be issued under the Public Offer | 30,000,000 |
| Total Shares | 55,700,100 |
| Escrow (estimated) | 17,250,100 Shares (a period of 24 months from quotation) 3,300,000 Shares (a period of 12 months from issue) |
Source: Orpheus Minerals Ltd prospectus, official website.