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At least two new companies are set to debut on the ASX in February 2024.
This year, the Aussie bourse has already welcomed two newcomers: Infini Resources (ASX:I88) and lithium explorer Kali Metals (ASX:KM1).
In its first week on market, Infini’s share price climbed to 34 cents, marking a 67.5 per cent premium over its initial offer price of 20 cents.
Also in its debut week, Kali Metals reached 56 cents, reflecting a 124 per cent premium compared to its original offer price of 25 cents.
These performances set an optimistic tone for other companies looking to list this year.
Capstone Copper (ASX :CSC)
TSX-listed Capstone Copper holds a wide portfolio of copper operations in the Americas, along with a fully permitted development project situated in a world-leading copper-producing district – Chile.
Its North American portfolio includes the company’s flagship Pinto Valley mine in Arizona, operational since 1972 and exceeding four billion pounds of copper production.
Capstone’s Cozamin mine, in Mexico, is an underground operation, that expects annual yields of 20,000 tonnes of copper and 1.3 million ounces of silver from 2023 to 2030.
In South America, the company’s Mantos Blancos mine in Chile is a significant open-pit operation currently processing both sulphide and oxide ores.
Meanwhile, Capstone’s 70 per cent-owned Mantoverde project in Chile is poised to reach 120,000 tonnes of copper production in 2024. The Santo Domingo project, also in the nation, focuses on copper-iron and is part of an integration plan targeting over 200,000 tonnes of annual copper production.
The company’s listing is slated for February 2, 2024, at noon AEDT.
Golden Globe Resources (ASX :GGR)
Gold explorer Golden Globe Resources has exposure to several exciting resource prospects across Queensland and Western Australia.
Over the past four years, the company has secured four projects with significant potential, not only for gold but also with the presence of high-grade copper.
The company has carried out thorough drilling and sampling at one of those, Dooloo Creek, yielding positive results.
Plans include further drilling across all its projects, with a primary focus on Neila Creek and continued efforts at Dooloo Creek.
The company holds a 100 stake in the Dooloo Creek and Alma projects, a 69.7 per cent ownership holding in the Crossways project, and has the option to acquire a 90 per cent interest in the Neila Creek project.
Golden Globe Resources shares were offered for 20 cents, with the company’s listing slated for February 19, 2024, at 1:00 pm AEDT.
Stocks to watch.
