Native Mineral Resources

PublicIPO
0d remaining
  • Type: IPO
  • Total Round Size (min): AUD$2,000
  • Total Round Size (max): AUD$560,000
  • Lead manager: Lodge Corporate
Required

An Australia-based minerals exploration company exploring copper and gold deposits in Queensland and Western Australia.

Native Mineral Resources ASX Listing

Native Mineral Resources Holdings Limited (ACN: 643 293 716) (NMR) is completing an ASX listing as per the prospectus attached below.

The public offer contained in this prospectus is to list on the ASX (ASX:NMR) through an offering of 20,000,000 ordinary shares at $0.20 each to raise a minimum of $4,000,000, up to a maximum of 30,000,000 shares to raise a maximum of $6,000,000 (before costs).

Native Mineral Resources Holdings Limited is an Australian public company. The Company was incorporated on 7 August 2020 and on 14 September 2020 acquired 100% of the issued capital of Native Mineral Resources Pty Limited. Native Mineral Resources Pty Limited holds the Tenements that will be explored and developed.

Equitise has been allocated an exclusive $200,000 portion of the round. This was quickly oversubscribed and has been increased to $500,000. We then managed to secure the last remaining amount and the total is now $560,000.

    Native Mineral Resources Prospectus

    Company Overview

    NMR is an Australian-based minerals exploration company established to explore for copper and gold deposits in the Palmerville Fault and Mount Morgan regions in North Queensland and for gold deposits in the Eastern Goldfields region in Western Australia. NMR’s greenfield stage projects include the Leane’s prospect where copper and gold mineralisation has been intersected, but further exploration is required to prove continuity.

    Queensland:

    NMR's Queensland Tenements may be prospective for gold, copper and other precious metals and base metals. The Company has 100% interest in:

    • 9 exploration licences (granted)
    • 1 exploration licence application (pending)
    Western Australia:

    NMR also has options in Western Australia over:

    • 2 exploration licences (granted)
    • 2 exploration licence applications (pending)

    The Western Australian Tenements may be prospective for gold.

    A comprehensive independent geological report can be found in the attached prospectus.

    Key Offer Statistics

    Growth Strategy

    The Company is focussed on exploring its Tenements for major copper and gold discoveries by using modern exploration methods to improve mineralisation targeting. These methods include:

    1. Updating aerial magnetic survey data to a far higher resolution than the existing dataset;
    2. undertaking airborne electromagnetic surveys (VTEM);
    3. implementing higher resolution gravity data surveys;
    4. conducting follow-up ground based geophysical surveys over anomalous zones found by the new aerial geophysical programmes; and
    5. conducting a review of historical geochemical sampling; conducting infill geochemical sampling and implementing other suitable exploration programmes.

    The Company also intends to conduct a drilling campaign of between 2000 to 2500 metres on the Leane’s prospect located on EPM 11980 in Queensland.

    The Company’s vision is to create significant shareholder value through the exploration for and development of any discovered copper and gold deposits in Queensland and gold deposits in Western Australia.

    Key Team Members

    For more information please see Section 6 of the prospectus.

    Blake Cannavo

    Managing Director and Chief Executive Officer

    Blake Cannavo is the MD & CEO of Native Mineral Resources. Blake is an accomplished Chief Executive and Operating Officer with more than 24 years’ experience in the mining and construction sectors with companies including Fortescue Metals Group Limited, Lihir Gold Limited and Aquila Resources Limited.

    He has been responsible for delivering a diverse range of projects valued up to ten billion AUD in the Asia Pacific region, South Africa the UK and Europe. A competent strategist, Blake has a proven track record in developing innovative plans and activities to ensure that projects are delivered on schedule and budget.

    James Walker

    Non-Executive and Independent Chair

    James is an experienced leader in scaling high growth companies and commercialising technology in new markets, with roles as a Non-Executive Director and Chief Executive of ASX-listed companies or Chief Financial Officer at a UK, AIM-listed technology company as well as executive roles in other growth companies.

    He is currently a non-executive director with BluGlass (ASX:BLG) and Digital Wine Ventures (ASX: DW8). He is also a former Non-Executive Chair of thedocyard Limited (ASX: TDY).

    Philip Gardner

    Non-Executive and Independent Director

    Philip brings a long and diverse range of experience to his position as Non-Executive Director of the Company. As a CPA and Fellow of the AICD, he has the technical skills to provide balance to the board’s strong industry-specific competencies.

    With 28 years’ experience as a CEO and 20 years as a director of public, private, government and not for profit organisations, he brings the oversight and risk management experience to support the NMR team through its listing and life as a public company.

    Philip is currently the CEO of The Wests Group Australia and the Knights Rugby League Pty Limited.

    David Pensini

    General Manager

    David has 30 years’ experience in the government and private sector and brings specialist expertise in the areas of project and construction management. He has extensive experience working with environmental and building regulations including the administration and implementation of the Building Code of Australia and associated standards and processes.

    Emma Dooley

    Chief Financial Officer

    Emma is a CPA qualified accountant with over 10 years of multi-industry experience. She has held positions across all parts of the finance function, with a focus on financial reporting and management. Emma has a wealth of experience in commercial analysis and is interested in the development and implementation of process and system improvements. In recent years she has held the position of Chief Financial Officer in a mid-tier consulting and construction company where she has been integral in driving the strategic and financial goals of the organisation.

    Marika White

    Company Secretary

    Marika is Executive Director of Emerson Operations Pty Ltd and has over 20 years’ experience in the governance, investor relations, public relations and compliance fields, previously holding an in-house corporate secretariat role with Saudi Aramco, the world’s largest oil company.

    Proposed Use of Funds

    Important Information

    You are encouraged to carefully read and consider the attached prospectus for the offer. The Company and any associated investment carry a number of key risks that are detailed in Section 7 of the prospectus.

    The issuer making this offer is Native Mineral Resources Holdings Limited. A person should consider the prospectus in deciding whether to acquire securities. Anyone who wants to acquire securities will need to complete the application form that will be in or accompany the prospectus on the Equitise platform.

    This offer is being made by Equitise (CAR) Pty Ltd as Corporate Authorised Representative of Lodge Partners AFSL: 246271

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