Ordell Minerals Limited (ASX: ORD) Initial Public Offering - CLOSED

Ordell Minerals Limited (ASX: ORD) Initial Public Offering - CLOSED


Ordell Minerals Limited (ASX: ORD) (“Ordell” or the “Company”) is undertaking an initial public offering to raise $5 million (before costs) through the issue of 25 million new fully paid ordinary shares (“Securities”), with an ability to accept oversubscriptions of up to an additional $1 million (“IPO” or the “Offer”).

The Offer will be made pursuant to a Prospectus and is expected to open on 5 June 2024 following the conclusion of the ASIC exposure period.

Argonaut Securities Pty Ltd (“Argonaut”) is acting as Lead Manager to the Offer.

The Prospectus is available at: https://www.ordellminerals.com.au/prospectus

Please refer to the Prospectus along with the attached Term Sheet and IPO Investor Presentation for further information in relation to the Offer.

On behalf of Argonaut and the Company, Marketech is inviting Eligible Investors to apply for participation in the IPO prior to the expected Offer opening date on 5 June 2024.

The Prospectus should be read in its entirety before making an application to participate in the Offer, particularly the Risk Factors outlined in Section 7.

Click here to download the Prospectus.
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Key Highlights:

·         Tight capital structure post IPO with <$4m EV and significant leverage to exploration success

·         Board has significant track record of value-creation

·         Targeting gold and lithium

·         Near term focus on Barimaia JV Project

-          Drill-ready project in a strategic location near hungry mills

-          Historic exploration results highlight potential

-          2.5km of strike to be tested by RC drilling in 2024

-          “Find an Eridanus Strategy”

·         Goodia–early stage with confirmed pegmatites in an attractive lithium district


Board & Management:

-        Ordell’s Board has a strong track record of value creation and includes key founding members of Genesis Minerals (GMD.ASX).

-        TOMMY MCKEITH Non-Executive Chair
            -          +30 years’ experience in the mining industry, highly regarded corporate and operational professional
             -          Currently NED of CleanTech Lithium, Arrow Minerals and Evolution Mining
             -          Ex-Chairman of Genesis Minerals

-        MICHAEL FOWLER Managing Director
                 -          +30 years’ experience in the mining industry, former Managing Director of Genesis Minerals who oversaw the significant growth of Genesis between 2016 and 2021
                 -          During this time, the Ulysses Resource base grew from 0.12Moz to +2Moz of gold

-        DARREN GORDON Non-Executive Director
            -          Chartered Accountant with +25 years’ experience in the mining industry as a senior finance and resources executive
            -          Current Managing Director of Centaurus Metals, which is developing the Jaguar Nickel Project in Brazil

-        GRAEME SMITH Company Secretary
                 -          Experienced resources sector executive with over 30 years’ experience in accounting and company administration

Barimaia JV - Key Highlights


·         Advanced exploration asset located near hungry mills:

-          Adjacent to Ramelius’ Mt Magnet mill

-          70km to Spartan’s Dalgaranga mill

-          80km to Westgold’s Tuckabianna mill

·         Extensive gold system with significant historic RC results including:

-          15m @ 11.4g/t Au from 74m

-          17m @ 3.4g/t Au from 49m

-          19m @ 1.5g/t Au from 18m

-          5m @ 4.0g/t Au from 43m

-          70m @ 0.7g/t Au from 59m

·         Previously a non-core asset held by Genesis Minerals in JV

-          Never properly followed up given Genesis’ focus on the Leonora region

      -          Metallo holds ~80% of JV




ACKNOWLEDGEMENT

By clicking “Submit Bid” on the website form, you acknowledge and agree that:

  • You have read and understood the above terms and conditions to access the electronic version of the Prospectus; 
  • You are an Australian resident and you are requesting a copy of the Prospectus from within Australia;
    OR
    If you are a non-Australian resident, you have consulted your professional adviser as to whether any governmental or other consents are required or whether any other formalities need to be considered and followed before accessing the Prospectus.
Marketech clients can bid for the offer by clicking the link below and including account number and bid amount/shares.

In order to be eligible for this allocation, you need to have:
  1. a current subscription to the Marketech Focus platform;
  2. a Marketech trading account number and HIN;
  3. a Macquarie CMA linked to your trading account.
  4. Bids under the Offer must be for a minimum of $2,000 worth of Shares (10,000 Shares) and thereafter, in multiples of $500 worth of Shares (2,500 Shares).
Please note:
  1. The Company and Lead Manager reserve the right to close the book early and to deem any bid invalid;
  2. All bids which have not been withdrawn by the closing time of the offer will represent  irrevocable commitments  to subscribe for a number of Securities up to the maximum amount for which a bid is made and will be capable of acceptance in full or in part by the Lead Manager, at its discretion;
  3. Marketech will be paid a fee on amounts raised under this offer.