IL1 - Ilala Metals

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Ilala Metals Limited is focused on the exploration of battery and energy metals; copper, uranium and lithium and, subject to completion of its IPO, will hold a large portfolio of projects for these commodities.

The Company has chosen to focus on the following proven geological settings in southern Africa:

• the Kalahari Copper Belt (KCB) in Botswana;
• the lower sandstones of the Karoo in Botswana; and
• the pegmatites of Namibia.

These settings contain world-class deposits. Subject to completion of its IPO, Ilala will hold an interest in:

100% of the following copper projects in Botswana, Africa:

(i) Central Copper Project;
(ii) Ngami NE Project;
(iii) Maun Project;
(iv) Kule Project; and
(v) Xanagas Project; and

(b) 100% of the following uranium projects in Botswana, Africa:

(i) Serule Uranium Project;
(ii) Mea Project;
(iii) Foley Uranium Project; and
(iv) Ngamiland Uranium Project; and

(c) 90% of the Orange River Lithium Project in Namibia, Africa, which is currently under application.

The Company will not hold an interest in any of the above Projects until it receives conditional approval from ASX of its Admission to the Official List.

It is anticipated that IL1 will list on the ASX during September 2024.

Ilala Metals - Uranium Focused Minerals Development

Unearthing Uranium - Copper - Lithium. Top tier uranium and copper holdings in Namibia and Botswana

ilalametals.com

 

[Dona Ferentes]

Listing date	25 September 2024 ; 11:00AM AEST
Contact details	https://ilalametals.com/ Ph: +61 419 942 112
Principal Activities	Mineral exploration
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	IL1
Capital to be Raised	$8,000,000
Expected offer close date	30 August 2024
Underwriter	Not underwritten. BW Equities Pty Ltd (Lead Manager)

 

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IPO Application Withdrawn.