Australian (ASX) Stock Market Forum

EM8 - Everlast Minerals

Joined
27 June 2010
Posts
4,167
Reactions
316
Everlast Minerals Limited (EM8) is a mineral exploration company whose primary focus is the exploration, discovery and delineation of economic mineral sand deposits for advancement into production.

The company, through its subsidiary in Banglasdesh, holds the portfolio of:

– three (3) mining leases located at the Brahmaputra-Jamuna River under Gaibandha Sadar Upazila and Fulchari Upazila of Gaibandha District in northern Bangladesh;

– one (1) exploration licence application located at the Brahmaputra River under Ulipur and Kurigram Sadar upazila of Kurigram District in northern Bangladesh; and

– one (1) exploration licence application located at the Padma (Ganges) River under Pabna Sadar and Sujanagar Upazila of Pabna district and Pangsa Upazila of Rajbari District of Bangladesh.

The Company, through its Subsidiary, proposes to move into the mining of mineral sands in relation to the three (3) mining leases granted at the Gaibandha Mineral Sands Project in the short to medium term once necessary preparation work is completed. The Company, through its Subsidiary, has acquired and constructed production equipment, including dry sand plant and wet sand plant, which are key to mineral sands processing, and is currently in the process of conducting trial production. The Company believes the trial production will be completed within approximately twelve (12) months of the company's listing on the ASX.

It is anticipated that EM8 will list on the ASX on 31 October 2024.

 
Listing date31 October 2024 ; 12:00 PM AEST ##
Contact detailshttps://www.everlastminerals.com/
Ph: 02 9938 4388
Principal ActivitiesMineral sands exploration and mining in Bangladesh
Issue PriceAUD 1.00
Issue TypeOrdinary Fully Paid Shares
Security codeEM8
Capital to be Raised$20,000,000
Expected offer close date22 October 2024
UnderwriterNot underwritten. Byrons Corporate Finance Pty Ltd (Lead Manager)
 
Arrgh. This is a prime example of why there should be a second tier exchange.
A second tier will alert investors that they're investing in higher risk companies.

Constituents of the All Ords (~500) on the main exchange. Everything else on the other.
 
Top