Stay updated with breaking news from டாரெந்ஸ் சுரங்க. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Looking at ASX, so far this year it has welcomed three resource companies: Australian Gold and Copper (ASX:AGC), Mamba Exploration (ASX:M24) and Torrens Mining (ASX:TRN). The first company is focused on the Lachlan Fold Belt in New South Wales, while the second will initially put all its efforts on the Darling Range, Calyerup Creek, Ashburton and Kimberly projects; for its part, Torrens has all its efforts on their Mt Piper gold project in Central Victoria. But what are the upcoming ASX resource IPOs that investors should keep an eye out for? Here the Investing News Network looks at the upcoming listings under the materials sector in 2021. Data was up to date as of January 26, 2021, with companies listed in alphabetical order. ....
Coda Minerals boosts copper project ownership Coda Minerals has secured an additional 19 per cent interest in the Elizabeth Creek copper project in South Australia from Torrens Mining, increasing the company’s ownership of the project to 70 per cent. The farm-in agreement between Coda and Terrace at Elizabeth Creek will see the two companies form a joint venture (JV) once the $8.62 million expenditure limit, which is expected in the first half of 2021. Coda increased its stake by fulfilling the $2.75 million earning obligation under the farm-in agreement, with the company now having the option to add an additional 5 per cent interest by paying $1.5 million. ....
Gold-copper explorer makes ASX debut Torrens Mining has made its first appearance on the ASX this week after raising $10 million to progress its gold and copper exploration in Australia and Papua New Guinea. The Australian-based explorer holds gold, copper and cobalt prospects in the Victorian Goldfields and Elizabeth Creek in South Australia, along with a pending exploration license at the Laloki copper-gold project in Papua New Guinea. The company raised $10 million through issuing 50 million shares at 20 cents each. Torrens stated that its primary focus would be on its Victorian assets, as chairman Bill Bloking said the raising would assist in its development of gold and copper deposits. ....
Torrens Mining (ASX:TRN) debuts on ASX in the green SubscribeBe the first with the news that moves the market Gold and copper explorer Torrens Mining (TRN) has commenced trading on the Australian Securities Exchange after completing a $10 million initial public offering (IPO) On December 4, the company completed its IPO, when it issued 50 million shares for 20 cents each Torrens says a strong exploration program is planned over the next two years, with over $5 million budgeted to explore its Victorian assets On the market this afternoon, Torrens is up 45 per cent and trading at 29 cents each Torrens Mining (TRN) has commenced trading on the Australian Securities Exchange after completing a $10 million initial public offering (IPO). ....