Thomson Geer has advised minerals explorer West Cobar Metals Limited (West Cobar Metals), a mineral exploration company with projects located in New South Wales, on its successful $5.5 million initial public offering (IPO) and listing on the Australian Securities Exchange.
West Cobar Metals is seeking copper and gold deposits in an underexplored region of western New South Wales around the outback town of Cobar, about 700km west of Sydney.
With the funds raised from the IPO, West Cobar Metals plans to explore four sites to identify and define mineral resources capable of sustaining independent and viable mining operations.
Partner Hedley Roost said: “Congratulations to Robert Klug, Matt Szwedzicki, Ron Roberts, Kevin Das and the team at West Cobar Metals on its listing. We wish them every success with their future exploration.”
The Thomson Geer team was led by partner Hedley Roost, supported by law graduate Sarah Urquhart.
Xcel Capital acted as Lead Manager on the IPO.
The IPO of West Cobar Metals is part of a run of IPOs in the Perth office of Thomson Geer and follows closely behind the recent IPO of explorer Copper Search Limited.