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OCN - Oceana Lithium

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Oceana Lithium Limited is a mineral exploration and development company focused on the discovery and delineation of lithium mineral resources in two mining friendly jurisdictions, the state of Ceará, Brazil, and the Northern Territory, Australia.

The Company has entered into binding agreements to acquire two highly prospective lithium projects, the Solonopole lithium project in Brazil and the Napperby lithium project in Northern Territory.

Both Solonopole and Napperby are considered highly prospective for lithium and associated minerals, given their locations within known pegmatite and lithium provinces in Ceara state, Brazil and the Northern Territory. Both projects have undergone previous mineral exploration including geological mapping and geochemical sampling and, in the case of Solonopole, small scale artisanal mining by previous owners.

It is anticipated that OCN will list on the ASX during May 2022.

 

Dona Ferentes

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Listing date27 May 2022 ; 11:00 AM AEST ##
Company contact details Ph: +61 8 9486 4036
Principal ActivitiesMining exploration
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeOCN
Capital to be Raised$6,000,000
Expected offer close date22 April 2022
UnderwriterNot underwritten. Westar Capital Ltd (Lead Manager).
 
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Interesting trend with a number of companies jumping on the lithium bandwagon. This company's main focus is in Brazil.... Not too sure how valuable the Australian tenements will be
 
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Any one is following this ? With only $5.8 M cash, the company bought a permit and SP shot up to 40 cents only to come down to 30 cents now. Curious how speculative it is ? 33% held by 20 investors
Following IPO, cornerstone investor from China invested $1M (which is peanut for them) and the signatory signed in Chinese (?) .
Drilling for exploration to start.
DNH .
 

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Any one is following this ? With only $5.8 M cash, the company bought a permit and SP shot up to 40 cents only to come down to 30 cents now. Curious how speculative it is ? 33% held by 20 investors
Following IPO, cornerstone investor from China invested $1M (which is peanut for them) and the signatory signed in Chinese (?) .
Drilling for exploration to start.
DNH .
Hi, I have just joined this forum and trying to generate discussion about OCN. Your comments about YAHUA interesting. I own a few shares and have been trying to get OCN management to put out news to instil more confidence. I know LITHIUM price still languishing, but they will not even put out any strong indication of possible value of lithium in the ground. What are your thoughts?
 
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