NKL - NICKELX LIMITED

[nipper]

NickelX Limited (NKL) is raising $5 million at 20c a share and is looking to list on the ASX in April 2020. The offer is not underwritten; offer is looking to close on 09 Apr.

 

NickelX has recently entered into acquisition agreements pursuant to which it will, subject to a number of conditions, acquire the Biranup Project and the Ponton Project, which comprise seven prospective Tenements (six granted and one pending application) that the Company considers to be prospective for nickel and gold mineralisation.

 

 

The Projects are located in the Albany-Fraser Orogen (AFO), Western Australia and cover a total of 382 Km².

 

 

https://www.nickelx.com

[nipper]

listed on Friday 06 May.

 

 

Came on at the 20c IPO price but wavered and ended at 19c at end of Day One

[nipper]

and now 15c after 4 days

 

Drill ready but early days

• Nickel X is committed to investing the funds in the ground and backing our exploration team’s values, concepts, plans and drilling programs

• We have assembled a very high quality and experienced exploration team at the board, management and contractor level

• Fire Dragon & Silver Dragon are walk-up nickel-copper drill targets, infill & step-out drilling programs will commence after IPO

• The ~18 additional targets are under review including processing, filtering, & modelling of data followed by EM surveys after IPO

 

[nipper]

and a month later, still well off IPO at 15c.

 

 

 

[Share Cafe Admin]

Matt Gauci - Managing Director - presenting at this Friday's (6/5/22) Hidden Gems Webinar.

 

Register HERE.

 

Thanks

[Share Cafe Admin]

Matt Gauci - Managing Director - presenting at this Friday's (13/5/22) Hidden Gems Webinar.

 

Register HERE.

 

Thanks