It seems not a day goes by without another gold hopeful lining up funds for a cash call.
ASX aspirant Duke Exploration owns six gold, silver and copper-focused tenements in Queensland and NSW. Dominic Lorrimer
And the next in the queue is gold and copper explorer and developer Duke Exploration, which is preparing to lodge a prospectus in August and list on the ASX in September.
Street Talk understands Duke will seek to raise up to $10 million to finance mineral exploration activities in New South Wales and Queensland.
The company owns six gold, silver and copper-focused tenements and plans to start drilling activities as soon as the listing is out of the way. It has undertaken an electromagnetic survey at some of the tenements, with results due to land at the end of July.
The company has tapped stockbroker Morgans for the IPO, as well as Brisbane-based GRT Lawyers.
It is understood Morgans planned to book investor clients for a roadshow in the next few weeks, to introduce them to Duke's management.
Meanwhile, the company was gearing up to present on the last day of the three day Noosa Mining conference, which starts on Wednesday and will see a who's who of the local small cap resources world front investors, virtually of course.
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July 14, 2020 at 06:31PM
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Gold explorer Duke Resources readies IPO prospectus - The Australian Financial Review
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