LinQ Minerals Executive Chair Clive Donner joined Steve Darling from Proactive to announce the company’s initial public offering (IPO) as it prepares to list on the Australian Securities Exchange (ASX). The IPO aims to raise between A$7.5 million and A$10 million, offering investors exposure to one of Australia’s most prospective gold-copper regions. Under the IPO, LinQ is issuing 37.5 million to 50 million shares at A$0.20 per share, with the offer now officially open to investors.
Donner explained that proceeds from the raise will be directed toward drilling high-priority targets within the company’s flagship Gilmore Project, as well as advancing work on the Southern Startup deposits. The drilling campaign is aimed at unlocking further value from the project’s expansive mineralised system. The IPO funds will be used to commence a 12-month drilling program aimed at expanding the known resources and following up on promising targets.
LinQ Minerals holds a 100% interest in five exploration licences spanning 597 square kilometres in the Gilmore Project area, which lies between Temora and West Wyalong in New South Wales’ Macquarie Arc—a world-class mineral province home to major mines such as Cadia, Northparkes, and Cowal.
The company has already made a significant start: in August, LinQ reported a JORC-compliant Mineral Resource Estimate for the Gilmore Project of approximately 516 million tonnes, containing 3.7 million ounces of gold and 1.2 million tonnes of copper.
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