BUS - Bubalus Resources

[System]

Bubalus Resources Limited is is a mineral exploration company that has the right to acquire four projects, the Amadeus Project (prospective for Manganese and base metals), the Nolans East Project (prospective for Light Rare Earths), the Coomarie Project (prospective for Heavy Rare Earths) and the Pargee Project (prospective for Heavy Rare Earths), which are located in premier geological provinces in the Northern Territory and Western Australia.

Following its IPO, the Company intends to further explore and develop these assets as well as seek out further complementary mineral exploration and resource opportunities that have the potential to generate growth and value for shareholders.

It is anticipated that BUS will list on the ASX during October 2022.

Bubalus Resources Limited

www.bubalusresources.com.au

 

[Dona Ferentes]

Listing date	13 October 2022 ; 12:00 PM AEDT ##
Contact details	http://www.bubalusresources.com.au/ Ph: +61 8 6188 8181
Principal Activities	Mineral exploration and mining
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	BUS
Capital to be Raised	$5,000,000
Expected offer close date	23 September 2022
Underwriter	Not underwritten. Inyati Capital Pty Ltd (Lead Manager).

 

[Dona Ferentes]

a bit of excitement when the nearology card was played in Sept.
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Highlights
• Bubalus has acquired tenements prospective for lithium mineralisation in the Gascoyne Region , WA
• Yinnietharra Project lies 2km east of Delta Lithium’s Malinda Prospect
• No previous exploration for lithium has occurred on the Yinnietharra Project, which is located 2 – 3 kms away from the Thirty Three Supersuite source granite, in potential “goldilocks” zone
• Project is complementary to Bubalus’ existing projects and provides the opportunity to carry out field activities during the NT wet season
• Surface sampling programme to commence in late September to define targets for drill testing.
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some got on the BUS, but others alighted the BUS soon afterwards.

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goldilocks AND nearology !!