Kaoko debuts on ASX following strongly supported A$6.5m IPO
Copper exploration and development company Kaoko Metals has announced its official listing on the ASX, with its shares scheduled to start trading on May 7.
Kaoko explains that the listing follows the completion of a strongly supported and oversubscribed A$6.5-million initial public offering (IPO), providing a robust funding platform to aggressively advance exploration across its Namibian copper portfolio.
The company notes that it has assembled a strategic ground position across two emerging, yet highly endowed, mineral belts – the Chalkos copper/silver project on the Kaoko Copper Belt and the Karibib copper/gold/tungsten project on the Damara Belt – targeting large-scale copper discoveries in jurisdictions with a strong mining history and supportive regulatory framework.
The company explains that high-grade copper potential has been demonstrated at Chalkos, including strong surface grades of up to 69.6% copper and 2 030 g/t silver, supporting discovery potential.
Kaoko says multiple high-priority drill targets have been identified, with maiden drilling programmes imminent.
“Our ASX listing marks a significant milestone . . . following our highly successful IPO. The strong response from investors represents a clear endorsement of the quality of our projects and the strength of our team.
“With two highly prospective, drill-ready copper projects in one of the world’s most exciting frontier copper provinces and drilling imminent, we are well positioned to rapidly advance exploration and unlock value for our shareholders,” says MD Gerard O’Donovan.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation



















