Octava Minerals Limited

Octava Commences Trading on ASX

Octava Minerals Limited (ASX:OCT) (“Octava” or the “Company”) is pleased to advise that it will commence trading on the Australian Securities Exchange (ASX) at 11am AEST today under the code “OCT”.


Highlights
  • Octava to commence trading on ASX today under the code “OCT”
  • Successfully raised $6 million via IPO, including participation from 2 cornerstone industry investors who will each hold a circa 15% interest in the Company:
  • oFuyang Mingjin New Energy Development Co. Ltd; and
  • oSoutheast Mingqing Supply Chain (Fuyang) Co. Ltd.
  • Funds raised will be directed towards exploration on the Company’s flagship East Pilbara Talga lithium JV project strategically located in the world class lithium region of the Pilbara and the highly prospective East Kimberley and Yallalong projects all located in Western Australia
  • Lithium mineralisation in pegmatite has been confirmed at Talga, but there has been no drilling for lithium. Octava has commenced surface mapping and sampling to define drill targets.
The listing follows the successful Initial Public Offering (IPO) of Octava which raised the maximum targeted subscription amount of $6 million through the issue of 30 million shares at an offer price of

$0.20 per share. This included cornerstone investments of $1.38m each from Fuyan Mingjin New Energy Development and Southeast Mingqing Supply, with each company holding circa 15% interest in the Company.

The Company will use the proceeds of the IPO to explore and develop its portfolio of exploration projects in Western Australia, focussing on lithium, gold, Platinum Group Metals and nickel.

The Talga project is strategically located in a highly sought-after lithium region based on prospective lithium geology and significant recent discoveries. Previous exploration at Talga has identified lithium mineralisation that is only 10km to the north of the Archer Lithium Deposit where Global Lithium Resources Limited (ASX:GL1) has reported an inferred resource of 10.5mt at 1.0% Li20.

Octava’s Chairman Mr Clayton Dodd said, “We are very pleased with the level of support for the IPO from existing shareholders and welcome all new shareholders to the Company as we look forward to commencing detailed exploration, resulting in early-stage drill programs primarily for lithium”.


Click here for the full ASX Release

This article includes content from Octava Minerals 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)
Green bar graph of rising stocks line and battery symbol with text: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Lithium Africa Rises Over 50 Percent on Assay Results

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 (October 16), Cabin Radio reported that the Northwest Territories is pushing for a North... Keep Reading...
Glowing battery symbol with lightning bolt on purple circuit board.

Lithium Market Trends: Q3 2026 Review and Forecast

Lithium prices lost ground in Q3, giving back much of the momentum built during a sharp first-half rally.The decline came despite demand indicators that market watchers continue to describe as strong, with electric vehicles (EVs) and grid-scale energy storage both pulling on supply. Price action... Keep Reading...
An electric vehicle beside a charging station.

EU Hybrid EV Cap Sinks Chinese Lithium to 10 Month Low

The EU announced it will cap imports of Chinese hybrid electric vehicles at 350,000 units annually starting this December, sending Chinese lithium futures plunging to a 10 month low.European Trade Commissioner Maros Sefcovic brokered the quota system during recent negotiations held in Beijing.... Keep Reading...
A locked gate.

Sigma Lithium Temporarily Halts Operations in Brazil

Sigma Lithium (TSXV:SGML,NASDAQ:SGML) announced a temporary suspension of all mining and industrial production at its operations in Brazil, citing an "atypical 15-day delay" by the Federal Court of Appeals in reviewing the company’s emergency legal defense against an environmental injunction.The... Keep Reading...
Gina Rinehart, executive chair of Hancock Prospecting, stands in front of cherry blossom trees.

Inside Billionaire Gina Rinehart's Key Mining Investments

Australian billionaire Gina Rinehart has become a formidable force in the global mining industry. After taking the helm of her father’s iron ore firm Hancock Prospecting in 1992, she embarked upon a diversification strategy that has vastly expanded her resource empire. Now Australia’s richest... Keep Reading...
Argentinian flag waving on a pole against a clear blue sky, displaying a sun emblem in the center.

Lithium Argentina Closes US$180 Million Ganfeng Expansion Deal

Lithium Argentina (TSX:LAR,NYSE:LAR) closed a US$180 million investment from Ganfeng Lithium (HKEX:1772,OTCPL:GNENF) this week (September 15) to fund the expansion of its South American operations.Ganfeng structured the capital injection as an unsecured convertible note carrying a 4.0 percent... Keep Reading...

Interactive Chart

Latest Press Releases

Related News