Juno completes IPO, moves on Mt Mason
PERTH (miningweekly.com) – Newly spun-out Juno Minerals has raised A$3.9-million in its initial public offering (IPO) and has listed on the Australian bourse under the ticket JNO.
The company said on Friday that the IPO funds added to the A$5-million in seed capital provided by parent company Jupiter Mines, which has not retained an interest in Juno following its demerger.
The funds would allow Juno to move its Mount Mason direct shipping ore (DSO) hematite project forward, with the company targeting the completion of construction and the start of operations in the first quarter of 2022.
A feasibility study on the Mount Mason project was completed in 2012, and an optimisation of the study was undertaken in 2014, until the project was placed on care and maintenance until economic conditions improved and infrastructure access could be secured.
Juno said on Friday that significant work had been undertaken at the project.
The company is working to update the native vegetation clearing permits, which have expired, as well as the Mount Mason works approval. Work on a number of other fronts is also ongoing.
“With the current high iron-ore prices, now is the time to bring Mount Mason into production as soon as possible,” said Juno MD and CEO Greg Durack.
“We are starting with a small, dedicated project team that is truly excited to progress Mount Mason in the short term, and then set its sights on the larger opportunity at Mount Ida.”
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation