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This is a paid advertisement from Macarthur Australia. HotCopper does not endorse, approve or have r
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This is a paid advertisement from Macarthur Australia.
HotCopper does not endorse, approve or have responsibility for the particular offer or statements made.
ASX IPO of a Lithium Explorer with Advanced Iron Ore assets in Western Australia
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Investment Highlights
One of the largest lithium hard rock acreage packages in Australia, covering an area of 1,870 km2 across the Pilbara, Ravensthorpe and the Yalgoo/Edah regions of Western Australia.
Rock chip sampling assays up to 3.75% Li2O.
Advanced iron ore projects in Western Australia's Yilgarn region:
- 80Mt Hematite
- 1.4Bt Magnetite
Previously invested over A$60 million in progressing the Ularring Hematite Project beyond Pre-Feasibility with full environmental approvals to construct.
ASX IPO of lithium and iron ore projects in Western Australia, for a minimum of 25M shares at $0.20 per share to raise $5M and up to 50M shares to raise $10M.
Largest shareholder Macarthur Minerals Limited (TSX-V: MMS) (previous owner of the lithium and iron ore projects) will hold 66-76% of Macarthur Australia post IPO (shares will be escrowed for 24 months)
Key Offer Details
Proposed ASX Code: MMM
Share Price: $0.20
Minimum Investment Amount: $2,000/10,000 shares
Amount to be Raised under Offer: $5 - 10 million / 25 - 50 million shares
Indicative Market Capitalisation: $37.7 million (based on max. subscription)
No of Shares on issue pre Offer: 138,366,997 shares (125 million shares held by Macarthur Minerals)
No of Shares on issue post Offer: 163,866,997 - 188,866,997 shares
[APPLY HERE](
Should you have any queries, please email communications@macarthuraustralia.com or;
Phone +61 7 3221 1796
[Macarthur Australia Website](
Macarthur Australia Level 20 10 Eagle Street Brisbane, QLD 4000 Australia
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