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BIG - Burrendong Minerals

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Burrendong Minerals Limited is a resources exploration company which at Listing will hold (via its wholly owned subsidiary Burrendong Resources Pty Ltd) interests in several mineral projects located near Wellington in eastern NSW that are prospective for base and precious metals.

The Company's exploration projects on Listing will comprise:
  • 51% ownership of Endeavour Minerals which owns the Commonwealth Mine and Silica Hill Projects located near Wellington NSW, comprising 5 granted exploration licences (ELs) that contain Inferred Mineral Resources reported in accordance with the JORC Code (2012). Endeavour Minerals, which also owns several other projects, is currently owned by Invictus Gold (a wholly owned subsidiary of ASX listed Impact Minerals Limited (IPT)) and will retain a 49% shareholding in the Company;
  • 100% of EL 6320 which covers the Galwadgere Project located adjacent to the Commonwealth Mine and Silica Hill Projects and which also hosts an Inferred Mineral Resource reported in accordance with the JORC Code (2012). EL 6320 is currently owned by Cuprum Aurum Pty Ltd, a wholly owned subsidiary of ASX listed Sky Metals Limited (SKY); and
  • 100% of EL 9631 which is located adjacent to the Commonwealth Mine and Silica Hill Projects and held by the Company's wholly owned subsidiary, Burrendong Resources Pty Ltd.
The Projects are focused on precious and base metal occurrences which are related to volcanogenetic, epithermal or porphyry style mineralising systems.

It is anticipated that BIG will list on the ASX during December 2024.

 
Listing date20 December 2024 ; 12:00 PM AEDT ##
Contact detailshttps://www.burrendongminerals.com.au/
Ph: +61 400 801 814
Principal ActivitiesMineral exploration
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeBIG
Capital to be Raised$6,000,000
Expected offer close date06 December 2024
UnderwriterNot underwritten.
Novus Capital Limited (Lead Manager)
 
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