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ERW - Errawarra Resources

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Incorporated on 2 February 2012, Errawarra Resources is a mineral exploration and development company based in Perth that has secured a promising portfolio of gold and nickel projects in Western Australia:

(a) Fraser Range Project (Nickel)

Located 100km east of Norseman, Western Australia, Errawarra has conditionally agreed to acquire (via the issue of equity and reimbursement of sunk exploration costs) a 70% interest in two strategic tenements located ~30kms south-west of the operating Nova nickel mine owned by IGO Ltd. The Fraser Range Project tenements are considered prospective for Nova-style Ni-Cu-Co magmatic sulphide mineralisation. Errawarra plans to start ground geophysical surveys at the Fraser Range Project in late November 2020;

(b) Binti Binti Project (Gold)

Located 70km north of Kalgoorlie, Western Australia, Errawarra has the right to earn (via exploration expenditure) an 80% interest in the Binti Binti gold project located ~40kms west of the Carosue Dam gold mine owned by Saracen Mineral Holdings Ltd (currently the subject of a merger agreement with Northern Star Ltd). Errawarra plans to start aircore drilling for gold at Binti Binti in late November 2020; and

(c) Errabiddy Project (Gold & Nickel-Copper)

Located 200km north-west of Meekatharra, Western Australia, Errawarra has secured a major tenure position within an area that has recently undergone a "pegging rush" by several companies including Chalice Mines Ltd (owners of the Julimar nickel-copper-PGE discovery). Errawarra's package includes rock units prospective for intrusion hosted nickel-copper mineralisation and orogenic gold. The Company has a 100% interest in one granted exploration licence, has applied for four exploration licences and has conditionally agreed to acquire (via the reimbursement of sunk exploration costs) an 80% interest in another granted exploration licence owned by a third party;

It is anticipated that ERW will list on the ASX during December 2020.

 

Dona Ferentes

NEMO SIBI NASCITVR
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ERW was another IPO , last week. came in at 20c and holding above, if only just that level

Listing date14 December 2020 12:30PM AEDT ##
Company contact detailswww.errawarra.com
Ph: +61 8 9322 3383
Principal ActivitiesUpon admission to the ASX, the Company’s main business activity will be the exploration and development of mineral exploration projects in Western Australia.
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codeERW
Capital to be Raised$6,000,000.00
Expected offer close date2 December 2020
UnderwriterNot underwritten. Euroz Hartleys Limited (Lead Manager)


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