Download the Prospectus
Pre Money Equity Valuation
$4,438,907
Min Raise
$5,000,000
Max Raise
$6,000,000
Estimated Close
2020-11-24
Issue Type
IPO
Lead Manager
PAC Partners Securities Pty Ltd, Ironside Capital Pty Ltd, Automic Pty Ltd
Type of Securities
Shares
Date First Lodged
03/11/2020
Offer Costs $
$610,000
Market Cap Max
$10,438,907
Key Executives
Geoffrey McNamara (EC), Zeffron Reeves (NED), Blair Sergeant (NED), Edward Mason (NED)SmallCap Corporate
Company Address
Suite 1 295 Rokeby Road Subiaco WA 6008
Exchange
ASX
Chairman's Letter

Dear Investor
On behalf of the directors of Rincon Resources Limited (Company), it gives me
great pleasure to invite you to become a shareholder of the Company.
Rincon Resources is an Australian unlisted public company, focused on gold and
base metals projects in Western Australia. Rincon holds the rights to three projects,
the South Telfer Project, the Laverton and Kiwirrkurra Projects all of which are
prospective for gold and/or base metals.
The Company is seeking to raise the necessary funds, through the issue of this
Prospectus, to further explore and develop these assets as well as seek out further
complementary exploration, acquisition and development opportunities.
Rincon has been preparing for field activities at its South Telfer project by acquiring
regional magnetics data previously undertaken by Newcrest Mining Ltd
(ASX:NWC) in the late 1990’s. Rincon is aiming to commence ultrafine soil sampling
over selected targets and a detailed structural mapping program over the
outcropping Hasties mineralisation. A drilling Program of Works has been
approved and the final step required to allow drilling to commence is Heritage
clearances over areas of proposed ground disturbing works.
Rincon has completed the acquisition, processing and interpretation of a highresolution magnetics dataset over the Laverton project area and has also recently
completed a trial geochemical survey. Rincon is planning to undertake a broader
geochemical program and define air core drill targets for a drill program.
Target generation is planned for the Kiwirrkurra project, commencing with an
initial historical geophysical data review.
This Prospectus is seeking to raise a minimum of $5,000,000 and a maximum of
$6,000,000 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).
The Board has significant expertise and experience in the mining industry and will
aim to ensure that funds raised through the Offer will be utilised in a cost-effective
manner to advance the Company’s business.
This Prospectus is issued for the purpose of supporting an application to list the
Company on ASX. 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.
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. Before you make
your investment decision, I urge you to read this Prospectus in its entirety and seek
professional advice if required.
Yours sincerely
Geoffrey McNamara
Executive Chair