Australian (ASX) Stock Market Forum

JNO - Juno Minerals

Joined
27 June 2010
Posts
4,147
Reactions
309
Juno Minerals is the sole owner of two iron ore projects in the Yilgarn region of Western Australia: the Mount Mason DSO Hematite Project, and the Mount Ida Magnetite Project.

Mount Mason is a high-grade DSO hematite mineralisation project, which is close to being a "shovel-ready" start-up, near-term project. Mount Mason has Mineral Resources of 5.9mt at 60.1% Fe.

Mount Ida is a very large deposit of magnetic lower grade iron ore that can be beneficiated to produce a high-grade premium iron concentrate, which has the potential to become a long-life tier one magnetite mine. Mount Ida has Mineral Resources of 1.85bt at 36.68% Fe.

It is anticipated that JNO will list on the ASX during March 2021.

 
Listing date11 March 2021 #
Company contact detailswww.junominerals.com.au/
Ph: =61 8 9346 5599
Principal ActivitiesMineral exploration with a primary focus on exploration for iron ore.
GICS industry groupTBA
Issue Price$0.25
Issue TypeOrdinary Fully Paid Shares
Security codeJNO
Capital to be Raised$20,000,000
Expected offer close date26 February 2021
UnderwriterNot underwritten.
 
Listing date11 March 2021 #
Company contact detailswww.junominerals.com.au/
Ph: =61 8 9346 5599
Principal ActivitiesMineral exploration with a primary focus on exploration for iron ore.
GICS industry groupTBA
Issue Price$0.25
Issue TypeOrdinary Fully Paid Shares
Security codeJNO
Capital to be Raised$20,000,000
Expected offer close date26 February 2021
UnderwriterNot underwritten.

Looking to list a bit late, on 14 May at 12:00
 

Looks to be a high risk enterprise without all that much cash available - about $7.8 million. A punt on getting two years high grade hematite sold from Mount Mason to fund the development of the much larger Mount Ida magnetite mining operation. The gamble is on the iron ore price and the reason for the high risk.
Website: https://www.junominerals.com.au/
 
Last edited:
Top