Perth, Western Australia: Argonaut, the specialist resources investment banking & stockbroking firm, is pleased to announce an unaudited Attributable Net Profit after Tax of $16.7 million (FY21: $10.3 million) for the year ended 30 June 2022. This record profit result – achieved in Argonaut’s 20th year of operation – enabled the payment of full-year fullyRead more
Argonaut acted as Joint Lead Manager to a $6.0m Placement for Minbos Resources Limited (ASX:MNB). The Offer was underpinned by strong support from a number of new and existing sophisticated and professional investors. Funds will be utilised towards delivering important milestones for its Cabinda Phosphate Project and progress important fertilizer and carbon opportunities. Argonaut is delightedRead more
Argonaut acted as Joint Lead Manager to a Two Tranche $7.0m Placement for Matrix Composites and Engineering Limited (ASX:MCE). The Offer was underpinned by strong support from a number of new and existing institutional and sophisticated investors. The Company is now well capitalised to support new opportunities emerging for high tech, composite material solutions, particularlyRead more
Argonaut acted as Joint Lead Manager to a $55m institutional placement (“Placement”) for Predictive Discovery Limited (ASX:PDI). The Placement was strongly supported by new institutional and domestic investors and existing shareholders. Funds from the Placement will be applied towards growing the 3.65Moz Resource at Bankan, scoping study workstreams, baseline environmental studies and general working capital.Read more
Argonaut acted as Financial Advisor to Minotaur Exploration (MEP:ASX) on its all scrip $120 million recommended off-market takeover by joint venture partner Andromeda Metals Limited (ADN:ASX) and concurrent demerger of Minotaur’s base metals and gold assets into Demetallica for the benefit of Minotaur shareholders. The takeover resulted in Andromeda logically consolidating 100% ownership of both the GreatRead more
Demetallica was formed via the Demerger of Minotaur’s non-Kaolin assets concurrent with Andromeda’s recommended takeover of Minotaur and the consolidation of existing base metal joint venture interests with OZ Minerals and Sandfire in the Cloncurry region of Queensland. Proceeds from the IPO were utilised towards joint venture acquisition payments and exploration programs across the company’sRead more
Argonaut acted as the Sole Lead Manager to a $6.2m Placement for K2fly Limited (ASX:K2F) (“K2fly”). The placement was cornerstoned by Maptek Pty Limited, a world-leading provider of innovative software and services for the global mining industry and supported by K2F’s existing institutional and large shareholders. Maptek becomes a c.13% shareholder in K2F and inRead more
Argonaut acted as Joint Lead Manager to a $30m Placement for Global Lithium Resources (ASX:GL1) (“Global Lithium”). The Placement was cornerstoned by strategic investor Mineral Resources Limited, was supported by strategic partner Suzhou TA&A Ultra Clean Technology (associate of CATL – the worlds largest EV producer) and also received strong backing from domestic and international institutional andRead more
Argonaut acted as Lead Manager to a $16.6m Two Tranche Placement (“Placement”) for Ausgold Limited (ASX:AUC). The Placement was cornerstoned by two institutions, Dundee Corporation and new institutional investor Jupiter Asset Management with strong support by other institutional and sophisticated investors. Funds from the Placement will be primarily used to continue an extensive exploration and Resource expansion drillRead more
Argonaut acted as Joint Lead Manager to a $45.0m institutional (“Placement”) for Pantoro Limited (ASX:PNR). The Placement was strongly supported by existing shareholders and new institutional investors. Funds from the Placement will be applied towards continued growth exploration at the Norseman Gold Project (“Norseman”), supporting the early commencement of mining at Norseman, to under-write ore supplyRead more
