
June 30, 2022
Oceana Lithium Limited (ASX:OCN) (Oceana or the Company) is pleased to advise that it is set to commence trading on the Australia Securities Exchange (ASX) at 12.00 pm AEST today under the code “OCN”.
Highlights
- $6m raised via oversubscribed IPO, including participation from cornerstone investor Sichuan Yahua Industrial Group, the third largest Lithium Hydroxide producer globally and major supplier to EV manufacturers Tesla, BYD Auto and Sinopec
- Funds raised will be directed towards aggressive exploration of the Company’s 100% owned Solonopole and Napperby lithium pegmatite projects in Brazil and Australia
- The Solonopole lithium pegmatite project is situated in the state of Ceara in the northeast of Brazil. Significant pegmatite mineralisation has been identified along an approximate 17km corridor within the Company’s exploration leases
- Surface mapping and sampling has commenced on the Solonopole project following a site visit from Executive Director Sebastian Kneer in May
- Oceana will rank targets for immediate drill testing upon completion of the initial sampling program and detailed review of the existing dataset. To date, none of the highly prospective prospects have been drill tested
- The Napperby lithium pegmatite project is located in the Arunta Pegmatite field in the Northern Territory. A reconnaissance site visit was undertaken by the Company’s consultants in late April
The listing follows the successful and oversubscribed initial public offering (IPO) of Oceana, which raised $6m in new equity. This included a $1m cornerstone investment from Yahua International Industrial Group, the third largest lithium hydroxide producer globally.
The funds raised will allow Oceana to aggressively pursue the multiple mineralised outcropped pegmatites identified at the Solonopole lithium pegmatite project in Brazil, covering an area of 114 km2 and strategically located only three hours from the port of Fortaleza.
Based on their geochemical signature, the Solonopole pegmatites belong to the LCT (Lithium-Cesium-Tantalum) family of rare element pegmatites. High grade outcropping rock samples have returned assay values of over 9% Li2O and over 1% Ta2O5 . Over 15 historical artisanal mines have been identified on the leases to depths of less than 10 metres vertical depth.
Authorised for release by: Jerome G Vitale, Chairman
For further information please contact:
Oceana Lithium Limited
T: +61 8 9486 4036
E: info@oceanalithium.com.au
W: www.oceanalithium.com.au
The exploration results contained in this announcement were first reported by the Company in its prospectus dated 4 April 2022 and announced to ASX on 29 June 2022. The Company confirms that it is not aware of any new information or data that materially affects the information included in the Prospectus.
Click here for the full ASX Release
This article includes content from Oceana Lithium Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
The Conversation (0)
12 March 2024
Oceana Lithium
Large-scale, highly prospective, pre-discovery projects in Brazil and Australia
Large-scale, highly prospective, pre-discovery projects in Brazil and Australia Keep Reading...
08 May
Top 5 Canadian Mining Stocks This Week: Highland Critical Minerals Soars 400 Percent
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.On Friday (May 8), Statistics Canada released April’s Labour Force Survey. The data showed that... Keep Reading...
04 May
POSCO Finalizes US$765 Million Deal for Stake in MinRes' Lithium Mines
South Korean steel and battery materials conglomerate POSCO Holdings (NYSE:PKX,KRX:005490) has finalized a US$765 million agreement with Perth-based Mineral Resources (MinRes) (ASX:MIN,OTCPL:MALRF) to acquire a 30 percent stake in two Australian hard-rock lithium mines.POSCO will take a 30... Keep Reading...
25 April
Top 5 Canadian Mining Stocks This Week: Arctic Fox Lithium Jumps 66 Percent
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released March consumer price index data on Monday (April 20). The data shows a... Keep Reading...
23 April
Top 5 Australian Mining Stocks This Week: Solis Minerals Charges on Brazil Lithium Acquisition
Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.This week’s list highlights companies across a range of commodities, including lithium, phosphate and gold. The top gainer made a... Keep Reading...
23 April
Bridging AI, Energy Storage and Aging Infrastructure
As global energy grids struggle to keep pace with rising demand from data centers and renewable integration, energy optimization firm GridBeyond is positioning software and artificial intelligence (AI) as a key part of the solution.The company develops platforms designed to orchestrate... Keep Reading...
22 April
9 Best-performing Global Lithium Stocks of 2026
Lithium prices have staged a dramatic comeback following a prolonged price slump between early 2023 and late 2025, providing support for global lithium stocks in 2026. Spot battery-grade lithium carbonate prices surged roughly 95 percent between early December 2025 and late January of this year,... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00






