On behalf of the Directors, it gives me great pleasure to invite you to become a
Shareholder in Australian Industrial Minerals Limited (AIMinerals or Company).
AIMinerals was capitalised in February 2018 with the objective of acquiring 100% of the
issued capital of Australian Abrasive Minerals Pty Ltd (AAM), which holds the Harts Range
Project, located in the Northern Territory, Australia. The Company is also pursuing a strategy
that may see it become a diverse industrial minerals producer and supplier, by acquiring
production-ready industrial mineral opportunities that are a strategic fit for the Company.
The objective of the Company is to extract, process and sell industrial abrasives from an
alluvial sand deposit located at Harts Range in the Northern Territory. These abrasives are
used in abrasive blast cleaning, waterjet cutting and water filtration applications. The
Directors believe that these abrasives represent a more environmentally acceptable
product than those currently used in such applications and processes.
The Harts Range Project consists of the Harts Range Mine located 140km north-east of Alice
Springs in the Northern Territory and includes two mineral leases and two exploration
licences, a bore field, Fine Screening Plant and Wet Concentrator Plant, power station and
accommodation village as well as a Mineral Separation Plant located approximately
30km north of Alice Springs. The tenements that comprise the Harts Range Project are two
granted mineral leases (ML28614 and ML23868) and two granted exploration licences
(EL24360 and EL28696) (together, the Tenements) with JORC (2012 Edition) compliant
Measured and Inferred Resources and Proved Ore Reserves. Further detail regarding the
Project and the Tenements is set out in Section 4, the Independent Technical Report
(Section 6) and the Solicitor’s Report on Tenements (Section 9).
This Prospectus is seeking to raise $5,000,000 through the offer of 20,000,000 Shares at an
issue price of $0.25 per Share (Public Offer). Funds raised under the Public Offer will primarily
be used to complete development of production facilities at the Harts Range Project and
for working capital purposes while building stockpiles of industrial abrasive products.
The Company has assembled an experienced management team which is well qualified
to exploit the potential of the Company’s mineral assets. The Board has significant
expertise and experience in the mining, processing and sales of industrial minerals and in
financing and managing ASX listed companies. The Board will seek to ensure that funds
raised through the Public Offer will be utilised in a cost-effective manner to advance
objectives at the Harts Range Project.
I look forward to you joining us as a Shareholder and sharing in what we believe are
exciting times ahead for the Company. Before you make your investment decision, I urge
you to read this Prospectus in its entirety, including the risk factors described at Section 5,
and seek professional advice if required.
MR BRUCE HANCOX