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MGA - METALSGROVE MINING LIMITED


nipper
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MetalsGrove Mining Limited (MGA) is an Australian based exploration and development company, focused on the exploration and development of its portfolio of high quality lithium, rare earth, copper gold, manganese and base metal projects in Western Australia and the Northern Territory.

MetalsGrove Mining has two projects in Western Australia, The Upper Coondina and Woodie Woodie North Projects and three Projects in the Northern Territory, Bruce, Box Hole and Edwards Creek Projects.

Following completion of its IPO, the Company’s proposed business model will be to further explore and develop the Projects.

The main objectives of the company will be to:

  • Undertake surface mapping geochemical and geophysical work across the Projects;
  • Focus on mineral exploration and other resource opportunities that have the potential to deliver growth for Shareholders;
  • Continue to pursue other acquisitions that have a strategic fit for the Company; and
  • Provide working capital for the Company.

Listing date

27 June 2022 ; 11:30 AM AEST ##
Company contact details https://metalsgrove.com.au/
Principal Activities Mineral exploration
   
Issue Price AUD 0.20
Issue Type Ordinary Fully Paid Shares
Security code MGA
Capital to be Raised $7,000,000
Expected offer close date 13 June 2022
Underwriter Not underwritten. Ventnor Securities Pty Ltd (Lead Manager).
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