Argonaut as Lead Manager has been successful in raising A$12.3 million Placement for Dakota Minerals Limited in late 2016 to accelerate the Lynas Find Lithium Project. Earlier that year, Argonaut also acted as Lead Manager in raising A$3.6 million to fund the Pilgangoora Project which Dakota Minerals Limited from Asgard Metals Pty Ltd & Slipstream Resources Group. Both placements were heavily oversubscribed to institutional and sophisticated investors.
Dakota Minerals Limited is a mineral exploration company based in Australia. Its flagship project is the Lynas Find Lithium Project in the Pilgangoora region of Western Australia, which produced lithium for industrial use in European countries. The Company was also involved in the Sepeda prospect in Northern Portugal, which had high levels of spodumene and petalite resources. Dakota Minerals Limited changed its name to Novo Litio Ltd in 2017 and began trading as Exore Resources Ltd in 2018. In 2020, Exore had been acquired by Perseus Mining Limited (ASX:PRU) and is now a wholly-owned subsidiary of Perseus. Perseus Mining Limited is a West African mining exploration company focused on producing and developing gold.
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