Coolabah Metals Limited successful $6m IPO

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Coolabah Metals Limited successful $6m IPO to rapidly progress its copper, gold and polymetallic projects located in the Lachlan Fold Belt and Mt Isa Regions.

Highlights

  • Coolabah Metals Limited successfully listed on the ASX on 28th July 2022.

  • Coolabah is now well funded to execute its extensive copper, gold and polymetallic exploration strategy with key projects located in Central NSW and Queensland.

  • Three highly prospective copper, gold and polymetallic projects situated in two proven mineralised terrains in the Lachlan Fold Belt and Mt Isa regions.

  • Coolabah Metals Limited flagship Coolabah Project covers large-scale terrain 1,177km² prospective for deformed and remobilised Besshi-type Volcanic associated Massive Sulphide (VMS) Cu-Au deposits similar to Tritton, Avoca Tank and Constellation (ASX: AIS).

  • The Nymagee Project, also located in the Lachlan Fold Belt is home to high-grade polymetallic Cobar Style Deposits such as the well-known Hera & Federation deposits (ASX: AMI).

Coolabah Metals Limited (ASX:CBH) (‘Coolabah Metals’, or ‘The Company’), will commence trading on the ASX at 2:00pm (AEDT) following the completion of its $6million Initial Public Offering (“IPO”). With the support of Corporate Advisors, CPS Capital and Barclay Pearce Capital, the $6 million dollar raising closed with an overwhelming amount of support from the Australian Investment Community.


Coolabah Metals Limited Managing Director, Cameron Provost, commented:

 

Cameron Provost
 

"On behalf of the Coolabah Metals Board, I would like to welcome all our new shareholders and sincerely thank everyone involved in regards to the IPO process and listing on the ASX. A special thanks go to Mining Corporate, Nova Legal and our joint lead managers CPS Capital and Barclay Pearce Capital."

Cameron Provost, Managing Director, Coolabah Metals

 

"To facilitate and achieve the listing today is a phenomenal achievement. We are extremely excited to commence our exploration activities across our three prospective projects at Coolabah, Nymagee and Gunpowder Creek.

We certainly look forward to proactively updating the market on the Company’s exploration activities and progress over the coming weeks and months."

View the full announcement here.

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