Nickel Mines Limited

Management Eyes to Becoming a Global Low-Cost Producer of Nickel Pig Iron: Nickel Mines Limited (Proposed ASX code: NIC) was incorporated on 12 September 2007 with the objective of acquiring, exploring and developing nickel projects. After an initial period focusing on other opportunities, in December 2009, the company entered into an agreement to acquire an 80% interest in the share capital of PT Hengjaya Mineralindo, the owner of 100% of the Hengjaya Mine, with the remaining 20% interest owned by the Company’s Indonesian partner, members of the Wijoyo Family. As of now, the group holds 80% interest in the Hengjaya nickel mine located in Central Sulawesi, Indonesia. It intends to expand its operations from exclusively being a nickel miner at the Hengjaya Mine to having the capability to process and produce nickel pig iron. The group has a collaboration and subscription agreement with Tsingshan, China’s largest stainless-steel producer. Nickel Mines currently owns 25% of the RKEF Project. The group has lodged the Prospectus on 5 July 2018 with the Australian Securities and Investments Commission (ASIC), in relation to an offer of 571,428,572 fully paid ordinary shares in Nickel Mines Limited at an offer price of $0.35 per Share to raise $200.0 Mn. The offer has been closed on 9 August 2018 and it is expected that the share will be started trading on ASX on 20 August 2018. The funds raised from the offer will be used to expand production at the Hengjaya Mine and growth opportunities and will be used in the acquisition of further 35% interest in the RKEF Project to increase its interest to 60% and fulfill the working capital needs for the Group’s operations including operational and administration expenditure.


Key Dates as per Prospectus (Source: Company Reports)

The Company currently generates revenue from the sale of nickel laterite from the Hengjaya Mine. Upon completion of the RKEF Project, Nickel Mines will also have the ability to generate revenue from the sale of NPI. This company wants to become a globally significant, low-cost producer of Nickel Pig Iron (‘NPI’), which is a key ingredient for the production of stainless steel. This is however, yet to be seen in the upcoming period.
 

Tempus Resources Limited

Seeking Exploration and Development of Copper and Other Mineral Opportunities: Tempus Resources Limited (Proposed ASX code: TMR) was incorporated on 18 April 2018 for the primary purpose of exploring and developing gold, copper, zinc, nickel and other mineral opportunities. On the completion of IPO, the company will acquire 90% stake in Montejinni Resources Pty Ltd, which is the registered holder of the Montejinni Project in the Northern Territory and the Claypan Dam Project in South Australia. The Company intends to list on the ASX and continue the exploration and development of copper and other mineral opportunities on the Montejinni and Claypan Dam Projects. For that matter, the company issued the prospectus on 12 June 2018 with the Australian Securities and Investments Commission (ASIC), in relation to an offer of 25,000,000 Shares at an issue price of $0.20 per Share to raise $5 Mn. The offer has been closed on 20 July 2018 and it is expected that it will be listed on ASX on 15 August 2018. The objective of IPO is to continue pursuing other acquisitions that have a strategic fit for the Company; focusing on mineral exploration of resource opportunities that have the potential to deliver growth for the Shareholders; managing exploration expenditure and assessment of the Montejinni Project and the Claypan Dam Project, costs of acquisition of Montejinni and working Capital and Administration Costs. Since the company was recently incorporated that’s why it has no operating history and limited historical financial performance. The Company is yet to conduct its own exploration activities on the area of land the subject of the Tenements.


Key Offer Details from Prospectus (Source: Company Reports)

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