
- WORLD EDITIONAustraliaNorth AmericaWorld
July 14, 2024
Piche Resources Limited (ASX: PR2) (“Piche” or the “Company”), a mineral exploration company focussed on uranium and gold in Western Australia (WA) and Argentina, is pleased to announce its upcoming listing on the Australian Securities Exchange (ASX) at 10:00am Perth AWST time on Monday 15 July 2024 under the ticker code PR2.
HIGHLIGHTS
- Piche Resources Limited shares to commence trading on the ASX today (Monday 15 July 2024) at 10:00am AWST (ASX: PR2)
- The IPO raised a total of $10.0 million (before costs) at A$0.20 per share with an excellent register of international & Australian funds, and high net worth and retail investors
- Capital raised will be used to advance drill ready tier 1 exploration targets in Australia and Argentina, and working capital
- Pre-IPO funds have been applied to progress land tenure, community engagement, land access agreements and prepare for the imminent drilling campaign at Sierra Cuadrada and Ashburton projects (uranium) and Cerro Chacon (gold)
Euroz Hartleys acted as Lead Manager to the IPO and introduced investor participation from a number of international & Australian funds combined with high net worth, retail investors and Piche directors and management.
Funds raised will be used to advance the Company’s drill ready exploration targets, including the Australian Ashburton project, the two Argentina projects Sierra Cuadrada & Cerro Chacon and working capital requirements. Importantly, the majority of funds raised will be allocated to exploration of the key uranium and gold projects.
Project Portfolio – Western Australia and Argentina
KEY FOCUS
With the ASX IPO now completed, Piche intends to accelerate exploration activities on three targets at the Ashburton Project in Western Australia, and at Sierra Cuadrada and Cerro Chacon in Argentina.
Piche’s immediate attention will be at the Ashburton Project in WA, where previous drilling in the 1980’S delivered high grade uranium from the Angelo River Prospect. Piche will be seeking to replicate historical drilling results to assist in driving a JORC Resource estimate at Angelo River.
Longer term, Piche aims to build a significant mining group with separate uranium, gold, and base metal companies under its banner, capitalising on an improving commodity market.
Click here for the full ASX Release
This article includes content from Piche Resources, 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)
3h
Frank Giustra: US Debt, Midterm Elections and a Shifting Global Order Highlight Gold and Copper
The US midterm elections may have reshaped the political landscape in Washington, but they are unlikely to change what mining investor and Fiore Group CEO Frank Giustra sees as the country's biggest economic problem: an unsustainable debt burden and a growing loss of confidence in the US... Keep Reading...
7h
Aging Mines, Operational Hurdles Top EY’s 2027 Risk Ranking
The mining industry’s biggest risk for 2027 sits in its own pits, as operational complexity leads EY’s latest ranking of business risks and opportunities for mining and metals, ahead of capital, supply chains and rising costs. According to the consulting firm's recently published report, ore... Keep Reading...
19h
Gold Price Climbs Above US$4,000 After Democrat Midterm Win
The gold price was on the rise on Wednesday (November 4), climbing above US$4,000 per ounce as the US dollar weakened following midterm elections in the country. Spot gold advanced to US$4,063, while spot silver jumped to US$52.32 per ounce by 4:55 p.m. EST. The US Dollar Index fell around 0.3... Keep Reading...
03 November
John Feneck: Gold, Silver, Midterms — Price Impact as US Votes
How will US midterm elections affect gold and silver prices? John Feneck, portfolio manager and consultant at Feneck Consulting, shares his thoughts, saying both precious metals could see further downside in the short term if Republicans lose both the House and Senate; however, the long-term... Keep Reading...
03 November
Adrian Day: Gold Below US$4,000 — Buy Stocks Now or Wait?
Adrian Day, president of Adrian Day Asset Management, shares his thoughts on gold, saying while he's optimistic long term, the price could still fall further. "When do we jump in? You know, if I didn't own a single gold stock today, I would certainly be looking to buy (this) week. But if I've... Keep Reading...
03 November
Brien Lundin: Rising Debt and Currency Risks Could Drive Gold Higher
Brien Lundin, editor of Gold Newsletter, says rising government debt and weaker currencies could help keep the gold price high over the long term, even as the market faces short-term ups and downs.Speaking at the New Orleans Investment Conference, Lundin, who hosts the event, said that although... 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






