Resource Base Limited

PublicIPO
Offer Live
  • Type: IPO
  • Total Round Size (min): AUD$2,000
  • Total Round Size (max): AUD$400,000
  • Price per share: A$0.20
  • Lead manager: Candour Advisory
Required

Resource Base Limited is a junior resource and exploration company with a conditional right to acquire the Black Range Project located in the well-known and highly prospective Stavely volcanic’s corridor in north west Victoria.

Offer Live

Resource Base Limited IPO

Resource Base Limited (RBX.AX) is a junior resource and exploration company with a conditional right to acquire the Black Range Project located in the well-known and highly prospective Stavely volcanic’s corridor in north west Victoria.

RBX (ACN: 113 385 425) is completing an ASX listing as per the prospectus attached below.

The public offer in this prospectus is to list on the ASX (proposed code RBX.AX) through an offering of a minimum of 25,000,000 shares at $0.20 each to raise $5,000,000 (before costs), with a maximum of 27,500,000 shares at $0.20 each to raise $5,500,000.

RBX is an Australian unlisted public company, incorporated on 15 March 2005.

Equitise has been allocated an exclusive $400,000 portion of the round. While investors are taking an allocation, Equitise reserves the right to scale back larger investments. The minimum application size is $2,000 with parcels of $500 thereafter.

    Resource Base Limited Prospectus

    Company Overview

    Resource Base Limited (ACN 113 385 425) (RBX.AX) is an Australian unlisted public company, incorporated on 15 March 2005. The company’s main focus has generally been on mineral exploration, with the primary purpose of identifying Australian exploration projects.

    RBX entered into an acquisition agreement with Navarre Minerals Limited (ACN 125 140 105) (NML.AX) on 15 February 2021 pursuant to which it has agreed to acquire a 100% interest in the Black Range Project located in the well-known and highly prospective Stavely corridor in northwest Victoria. The project is host to an advanced copper-gold VHMS system known as the Eclipse prospect.

    Following completion of the offers and the acquisition, the company’s proposed business model will be to further explore and develop the project as per the company’s intended exploration programs.

    RBX proposes to fund its exploration activities over the first two years following admission of the company to the Official List as outlined in the table at Section 5.5 of the Prospectus. A detailed explanation of the company’s business model is provided at Section 5.3 of the Prospectus and a summary of the company’s proposed exploration programs is set out at Section 5.4 of the Prospectus.

    Black Range Project

    The Black Range Project is held under a single Exploration Licence EL4590. It is 100% owned by ASX listed Navarre Minerals Limited and has been held solely by Navarre since 2008.

    The Project is located in Western Victoria adjacent to the Grampians National Park. The eastern portion of the Tenement runs parallel to the sealed road A200 which links the town centres of Horsham and Hamilton.

    The Tenement is a three “pronged” licence that was chosen in that form due to the central location of the Black Range State Park and the confirmatory geophysical works which have defined the disrupted and distorted areas of the Cambrian aged Stavely Volcanics predominantly under Ordovician-Silurian aged Grampians Group Sandstone and recent sediments cover.

    Key Offer Statistics

    Proposed Use of Funds

    Please see section 5.5 of the Prospectus for more information.

    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 Resource Base 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 OpenMarkets Australia Limited ACN 090 472 012 ASFL 246705