https://www.miningweekly.com

PGM and base metals-focused explorer lists on the ASX

1st March 2018

By: Creamer Media Reporter

     

Font size: - +

JOHANNESBURG (miningweekly.com) – The Australian bourse has welcomed a new exploration and development company to its registry, with Podium Minerals listing on the exchange this week, following a capital raising of A$5.5-million before costs.

The capital raising consisted of a rights issue and priority offer that was underwritten by Patersons Securities and sub-underwritten by Swiss private equity firm Clear Eight Capital. The company has issued 21.16-million new shares at 20c each and 63.48-million attaching options at 2c each, exercisable at 20c before August 2020.

Podium plans to use the funds to advance its core projects in the Mid-West region of Western Australia, where it owns platinum group metals and nickel/copper-sulphide projects.

Site preparations for maiden drilling at the nickel/copper-sulphide project have started and drill mobilisation is planned for the end of March.

“I would like to thank all of our team and investors for making Podium’s listing a success. We now have over 700 shareholders, which provides a strong platform to realise the value of our assets,” said chairperson Clayton Dodd.

The company’s official quotation was on Wednesday.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:6.503 6.549s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: