Tiger Tasman Minerals Limited is a minerals exploration and developmentcompany that is focused on identifying, acquiring and developing battery, critical and industrial minerals projects throughout Australia.. It is set to list on the Australian Securities Exchange (ASX).
Tiger Tasman Minerals Limited has 5 projects – Iron Skarn Poly-Metallic Project, Copper Canyon Project, Fraser Range Project, Mount Minnie Project and Crater Project.
*Iron Skarn Poly-Metallic Project – the project comprises one granted exploration permit for minerals (EPM 26878) covering a combined area of approximately 12km2 in Barringha region of Queensland which has a JORC 2012 inferred mineral resource estimate for magnetite and silver and is prospective for base metals;
*Copper Canyon Project – the project comprises two (2) applications for exploration licences (E45/5963 and E45/5783) covering a combined area of approximately 512km2 in the Paterson Province of Western Australia which are considered prospective for copper and gold;
*Fraser Range Project – the project comprises two (2) granted exploration licences (E63/2054 and E63/2055) covering a combined area of approximately 116km2 in the Fraser Range region of Western Australia which are considered prospective for lithium and base metals;
*Mount Minnie Project – the project comprises one (1) granted exploration licence (E08/3082) covering a combined area of approximately 31km2 in the Ashburton province of Western Australia which is considered prospective for manganese;
*Crater Project – the project comprises one (1) granted exploration licence (E69/3816) covering an area of approximately 43km2 in the Earaheedy Basin of Western Australia which is considered prospective for base metals;
Tiger Tasman Minerals 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 19 Sep 2022 and closes on 17 Oct 2022. The expected date for quotation on ASX is 15 Feb 2023.
Supplementary Prospectus
- 1. Reducing the Minimum Subscription for the Public Offer to Applications for 23,250,000 Shares at $0.20 per Share to raise a minimum of $4,650,000 (before costs);
- 2. offering one (1) free-attaching Option exercisable at $0.30 and expiring two (2) years from the date the Company is admitted to the Official List of the ASX for every two (2) Shares subscribed for and issued under the Public Offer;
Note: The dates shown on this page are indicative only and may change without notice.
IPO Summary
| ASX code | T1G |
| Name | Tiger Tasman Minerals Limited |
| Website | https://www.tigertasman.com/ |
| Share Registry | Automic Pty Ltd |
| Underwriter | Not underwritten. Novus Capital Limited (Lead Manager) |
| Opening Date for the Public Offer: | 19 September 2022 |
| Closing Date for the Public Offer: | 17 October 2022 |
| Expected date for New Shares to commence trading on ASX | 15 Feb 2023 12:00 PM AEDT |
| Funds to be raised under the Public Offer (before costs) | $8,000,000 (Max) |
| Offer price per share | $0.20 |
| Shares on issue at the Prospectus Date | 15,858,800 |
| Shares to be issued under the Public Offer | 40,000,000 |
| Total Shares | 62,358,800 |
| Escrow (estimated) | 1,000,000 Shares and 12,400,000 options (a period of 24 months from quotation) 5,500,000 Shares (a period of 12 months from quotation) |
Source: Tiger Tasman Minerals Limited prospectus, official website.