On behalf of the directors of Ultracharge Limited (Company), it gives me great pleasure to
invite you to become a shareholder of the Company.
The principal activities of the Company have formerly been conducting research and
development dedicated to creating lithium-ion battery technology. As announced on 29
October 2019, the Company has entered into share sale agreements, pursuant to which
the Company will acquire 100% of the issued capital in each of Watershed Enterprise
Solutions Pty Ltd (Watershed) and Mt Marshall Kaolin Pty Ltd (Mt Marshall) (together, the
Watershed is the holder of the Eneabba Sands Project located on the Gin Gin Scarp in
Western Australia, which is prospective for silica sand and construction sand. The Eneabba
Sands Project is made up of one granted exploration licence and three exploration licence
applications. It is adjacent to rail connections to Geraldton Port with the potential to be a
low capital expenditure and low environmental impact mining operation.
Mt Marshall is the holder of the Mt Marshall Kaolin Project located on the Yilgarn Craton in
Western Australia, which is potentially a high-grade kaolin deposit substantially located on
private land. The Mt Marshall Kaolin Project is made up of one granted exploration licence
held by Mt Marshall and two applications for exploration licences, which are in the name
of Watershed. The Mt Marshall Kaolin Project is ideally situated for transport of product for
export through Fremantle Port.
Watershed has also applied for an exploration licence 50km West of the Mt Marshall Kaolin
Project, which will form a new project, the Cadoux South Kaolin Project, if granted. The
Company believes the Cadoux South Kaolin Project is prospective for kaolin.
This Prospectus is seeking to raise a minimum of $5,000,000 and a maximum of $6,000,000
through the issue of Shares at an issue price of $0.02 per Share under the Public Offer in
connection with the Acquisitions. The purpose of the Public Offer is to provide funds to
implement the Company’s proposed exploration programmes set out in this Prospectus.
The Proposed Directors have significant expertise and experience in the mineral
exploration industry and will aim to ensure that funds raised through the Public Offer will be
utilised in a cost-effective manner to advance the Company’s Projects.
This Prospectus is issued for the purpose of supporting an application to have the
Company’s securities reinstated to trading on ASX. This Prospectus contains detailed
information about the Company, its Projects and the Public Offer, as well as the risks of
investing in the Company, and I encourage you to read it carefully. The Securities offered
by this Prospectus should be considered highly speculative. Risks associated with an
investment in the Company include exploration risks, risks with respect to access and
tenure to mining tenements, commodity price and demand risks (particularly with respect
to industrial minerals for which prices and demand are dependent on the quality and
specifications of the product).
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