LYN - Lycaon Resources

[System]

Lycaon Resources Limited is an Australian unlisted public company, with projects in three of Western Australia's premier geological provinces.

Lycaon holds the rights to acquire three projects, the Gnewing Bore Project (prospective for gold-silver and copper), the Rocky Dam Project (prospective for gold and base metals) and the Julimar Project (prospective for nickel, copper and PGEs).

The Company's main objectives upon listing on the ASX will be to:

(a) systematically explore and seek to develop each of the Projects;
(b) assess new strategic acquisitions and investment opportunities that may present;
(c) implement a growth strategy and actively canvas other mineral exploration and resource opportunities which have the potential to generate growth and value for shareholders; and
(d) provide working capital.

It is anticipated that LYN will list on the ASX during November 2021.

Home - Lycaon Resources

Lycaon Resources (LYN) is an ASX-listed exploration company dedicated to unlocking the mineral wealth of Western Australia's West Arunta and Kimberley regions. Focused on critical minerals like niobium, LYN boasts a strategic portfolio, robust financial position, and experienced team committed to su

www.lycaonresources.com

 

[Dona Ferentes]

Listing date	17th November 2021 12:30 PM AEDT ##
Company contact details	www.lycaonresources.com/ 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	LYN
Capital to be Raised	$5,000,000
Expected offer close date	28 October 2021
Underwriter	Not underwritten. Canaccord Genuity (Australia) Limited and Inyati Capital Pty Ltd (Joint Lead Managers)

 

[Dona Ferentes]

happy anniversary. One year on the bourse

Lycaon Resources Limited (ASX: LYN) announced that via its wholly owned subsidiary, West Arunta Resources Pty Ltd, it has entered into a conditional binding Heads of Agreement to acquire the Stansmore REE carbonatite project, exploration licence E80/5723 in the West Arunta region of Western Australia.

Recent discoveries by WA1 Resources and Encounter Resources have demonstrated the potential for the West Arunta region to host significant REE and IOCG type mineralisation systems. Alkaline systems are key drivers in the formation of IOCG and carbonatite-hosted REE deposits, with the region seeing a renewed exploration focus these deposit types

 

[Miner]

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02703018-6A1164922?access_token=83ff96335c2d45a094df02a206a39ff4

Next Investors and stockhead are pumping this stock on this linked news
https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4
so I thought to have a look on this stock and never heared of them earlier