ASX readies for IPO rush

Patagonia Lithium was the latest entry on the Australian Stock Exchange last Friday, raising 8.6 million dollars and opening itself up to more investor cash as it begins exploring Northern Argentina’s lithium-fertile brines in the Lithium Triangle of South America.

Even with attention-grabbing lithium assets, it is always a triumph to raise enough to join the public players – Here are the other hopefuls looking to make their initial public offering and join the ASX.

Tiger Tasman Minerals (T1G)

Tiger Tasman is moving on a diversified bevy of commodities, holding exploration and development assets in proven WA and Queensland districts, including copper, lithium, nickel, manganese, silver, gold, base metals, and industrial minerals essential to the global energy transition.

The company is committed to sustainability and has an ESG focus at the very core of its strategy and operating style, planning to minimise its carbon footprint with new technologies and exploration innovation to deliver long-term investor value after a planned listing on the 15th of May.

XLR8 Metals (XL8)

International exploration comes with challenges, and XLR8 has built up a board with a wealth of experience in foreign jurisdictions, ready to work on a portfolio of projects in world-class nickel belts with the potential for globally significant discoveries.

XLR8 is a firm believer in critical nickel and is ramping up its IPO towards striking discovery at projects in Sweden and Tanzania to feed the battery supply chain, with its Swedish assets in the heart of Europe’s quickly emerging battery manufacturing industry adding an exceptional opportunity to move deeper into the production cycle.

Ashby Mining (AMG)

Ashby Mining stands poised as the latest explorer in a Charters Towers region historically renowned as Australia’s richest goldfield. Upon listing will hold 600 square kilometres of territory with highly prospective exploration potential, containing historical mines, mineral resources and even a gold processing plant.

The IPO is earmarked for the 13th of April, after which the company plans to convert mineral resources into ore reserves and commence gold production, maintaining a robust exploration and project development pipeline.

EverGreen Lithium (EG1)

The plan looks simple for EverGreen – claim and explore extensive landholdings near world-class operations for lithium resources which continue to drive success for exploration companies.

EverGreen has set up territory next to Core Lithium’s Finniss Project and its 15 million tonnes at 1.3 per cent lithium oxide resource within the Bynoe Pegmatite Field, one of the Northern Territory’s most prospective lithium areas.

The company has more enticing lithium-prospective tenure across the Northern Territory and Western Australia. It looks to make more discoveries in the prime territory after listing on the 11th of April.

Innogy (IOG)

The focus for Innogy is nickel sulphide discoveries in one of the last under-explored frontiers.

The exploration company hold 5300 square kilometres in its Tanzanian exploration portfolio, leading from its Northern Frontier Nickel Project territory positioned along strike from a world-class Kabanga Nickel Sulphide deposit.

Innogy has the 25th of May earmarked for listing, after which it can begin exploring and developing essential nickel, lithium and cobalt battery metals.

Mining Green Metals (MG1)

The Bryah Resources spinout considers its initial assets prospective for all nickel, lithium, copper, platinum group elements and uranium. It will be centred around a lithium-nickel project at Western Australia’s Lake Johnston.

Bryah will hardly lose interest in lithium, and Mining Green Metals will be centred around its lithium-nickel project at Lake Johnston. It considers the initial MG1 assets prospective for all nickel, lithium, copper, platinum group elements and uranium.

NGX (NGX)

Exploration is buzzing to claim natural graphite resources outside of Chinese borders. The Sovereign Metals graphite spinout NGX has set up holdings in an African continent host to the second and third largest producing countries.

NGX are confident in raising Malawi to that list, seeing a Commonwealth member-nation with excellent operating infrastructure in place and attracting increasing international investment.

Sovereign saw the standalone Nanzeka, Duwu, Malingunde, and Mabuwa projects as worthy of focused attention, and NGX will look to get to them after making its listing on the 17th of May.

Northstar Energy (NTH)

Northstar sees an Australian east coast gas market in crisis, with supply being dramatically outpaced by a demand it plans to meet from its wholly owned Project Cosmos flagship.

Changes in the weather, geopolitical events and coal-fired power station outages combined as a perfect storm for soaring Australian gas prices on top of a market already under duress. Northstar aims to feed the market from an independently certified 1317 billion cubic feet of natural Queensland gas.

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