NICKELX LTD

Pre Money Equity Valuation
$8,550,000
Min Raise
$5,000,000
Max Raise
$7,000,000
Estimated Close
2021-04-09
Issue Type
IPO
Lead Manager
CPS Capital Group Pty Ltd
Type of Securities
Shares
Date First Lodged
16/03/2021
Offer Costs $
$678,603
Market Cap Max
$15,550,000
Key Executives
Jonathan Downes (NEC), Matthew Gauci (MD and CEO), Oliver Kreuzer (NED), Kris Butera (NED)
Company Address
Level 3, The Read Buildings 16 Milligan Street Perth WA 6000
Exchange
ASX
Chairman's Letter

Dear Investor,
On behalf of the directors of NickelX Limited (Company), it gives me great
pleasure to invite you to become a shareholder of the Company.
The Company is coming to market at a time of an unprecedented shift in the
demand profile for nickel. This demand is driven by a combination of the steel
sector growth, nickel’s traditional market; and the high growth new energy sector
– which is nickel’s emerging market, considering the fact that the use of nickel in
the electric vehicle sector has more than doubled since 2016 and is projected to
increase 15-fold up to 2025.
The Company has the right to a promising portfolio of nickel and gold projects in
the Albany Fraser Belt which, in light of recent discoveries in the area, is one of the
most sought-after mineral districts in Western Australia.
The Company has advanced and well-defined walk-up drill targets for both
nickel, with supporting electromagnetic (EM) conductors, and gold with high gold
surface samples and prospective structural targets delineated. This will allow the
Company to rapidly commence drill testing for new discoveries.
Although often overlooked, a key element to success in exploration companies
is the support of a suitably credentialed, experienced and motivated board and
management team. The Board, comprising of highly experienced geologists and
complimentary corporate skills, comprises members possessing the necessary mix
of technical and corporate experience. Managing Director and Chief Executive
Officer Matt Gauci has a range of mining executive experience, including with
projects located within the Albany Fraser Belt, the Company also has access to
an experienced technical exploration team who will oversee the programme
which is proposed at the Biranup Project.
At listing, and subject to satisfaction of various conditions precedent set out in
Section 8.2, the Company will hold a 100% legal and beneficial right to the Biranup
nickel and gold project, as well as the Ponton nickel project. Additionally, the
Company is in the process of developing a nickel database and prospectivity
model that will give the Company access to additional exploration opportunities
to deliver value to its Shareholders.
This Prospectus is seeking to raise a minimum of $5,000,000 and a maximum of
$7,000,000 via the issue of Shares at an issue price of $0.20 per Share under the
Offer. The purpose of the Offer is to provide funds to implement the Company’s
business strategies (explained in Section 5).
I look forward to you joining us as a Shareholder and sharing in what we believe
are exciting and prospective times ahead for the Company.
This Prospectus contains detailed information about the Company, its business
and the Offer, as well as the risks of investing in the Company, and I encourage
you to read it carefully. The Shares offered by this Prospectus should be considered
highly speculative.
Before you make your investment decision, I urge you to read this Prospectus in its
entirety and seek professional advice if required.
Yours sincerely
Jonathan Downes
Chairman
NickelX Limited