- BPM Minerals (BPM) has started the new year with a new chapter after it commenced trading on the Australian Securities Exchange (ASX)
- Last month, the company successfully raised $4.5 million through an initial public offering (IPO)
- Funds from the IPO will be used to explore its Nepean nickel and gold project, located in the Kalgoorlie Terran in Western Australia
- Additionally, BPM has two other projects in WA, Santy and Claw, which it plans to explore after Nepean
- On the market this afternoon, BPM is up 6.25 per cent and is trading for 25.5 cents per share
BPM Minerals (BPM) has started the new year with a new chapter after it commenced trading on the Australian Securities Exchange (ASX).
Last month, the company launched a successful initial public offering (IPO) and raised $4.5 million.
BPM is a new exploration-focused company and has three exciting projects, Nepean, Santy and Claw, located across Western Australia.
Funds from the IPO will be raised to drive aggressive exploration, with approvals lodged for 7000 metres of aircore drilling at the Nepean nickel and gold project.
Drilling at the project has been secured and is expected to start in February and is subject to a heritage clearance with BPM geologists moving to the site.
Nepean is located within the Kalgoorlie Terrane of the Yilgarn Creek and near the historical Nepean nickel mine, currently held by Auroch Minerals (AOU).
This year, BPM plans to explore all three projects.
“The company has assembled an impressive portfolio of WA projects which has attracted plenty of high-calibre capital as demonstrated through our strongly supported IPO,” Non-Executive Chairman Paul Lloyd said.
“We are now comprehensively funded to aggressively explore our landholdings with the full support of our board and stakeholders. We welcome our new shareholders and would like to thank everyone involved for their support,
we look forward to the 2021 drill season, with ongoing news-flow expected in the coming months,” he added.
On the market this afternoon, BPM is up 6.25 per cent and is trading for 25.5 cents per share at 1:50 pm AEDT.