Download the Prospectus
Pre Money Equity Valuation
$7,930,000
Min Raise
$5,000,000
Max Raise
$8,000,000
Estimated Close
2021-08-09
Issue Type
IPO
Lead Manager
Ventnor Securities Pty Ltd
Type of Securities
Shares
Date First Lodged
25/06/2021
Offer Costs $
$728,126
Market Cap Max
$15,930,000
Key Executives
Rita Brooks (EC), Chris Ramsay (NED), Ben Donovan (NED)
Company Address
Unit 1 77 Hay Street SUBIACO WA 6008
Exchange
ASX
Chairman's Letter

Dear Investor,
On behalf of the Directors, I am pleased to present this Prospectus to invest in
Tambourah Metals Ltd (the Company or Tambourah Metals).
Tambourah Metals is an Australian based gold, nickel and platinum group
element exploration company focussed on the evaluation, advancement and
development of mineral exploration project opportunities in Western Australia.
The Company intends to commence on ground fieldwork at Cheela and
Tambourah in the Pilbara while geophysical surveys are initiated at Julimar North.
At the Tambourah Gold Project the company plans to explore for new areas of
gold mineralisation within the historical gold mining centre. There are near surface
drilling results from the 2019 drilling programs which is discussed in the Independent
Geologist Report in Appendix A. At Cheela Gold Project the first stage of
exploration work will be to evaluate the previous exploration and drilling
information from the last 30 years. A comprehensive work program is detailed in
Section 5.4 of the Prospectus and in the Independent Geologist’s Report in
Annexure A. Exploration will also commence on the Company’s nickel and
platinum group element project (the Julimar North Project), which is located
within 100km of Perth. The program will include geophysical and geochemical
analysis initially.
This Prospectus has been issued by the Company for an initial public offering of
25,000,000 Shares at an issue price of $0.20 per Share to raise $5,000,000 before
costs (Minimum Subscription). Oversubscriptions of up to a further 15,000,000
Shares at an issue price of $0.20 per Share to raise a further $3,000,000 may be
accepted. The purpose of the Offer is to provide funds to implement the
Company’s business strategies (explained in Section 5).
The funds raised under this Prospectus will support the exploration and
development of the Tambourah and Cheela Gold projects. It will also facilitate
the exploration and development of the Achilles and Julimar North Ni-PGE
Projects.
Details of the Offer, the Company, the exploration programs, together with a
statement of the risks associated with investing in Tambourah Metals, are included
in this Prospectus. Key risks include exploration and operating risks, results of
studies, additional requirements for capital and third-party interests.
I recommend that you study the Prospectus carefully and seek independent
professional advice before investing in Tambourah Metals Ltd.
On behalf of the board of Directors, I commend this offer to you and look forward
to welcoming you as a shareholder of Tambourah Metals.
Yours sincerely
Rita Brooks
Executive Chairperson