Download the Prospectus
Pre Money Equity Valuation
$5,080,829
Min Raise
$5,000,000
Max Raise
$5,000,000
Estimated Close
2020-11-13
Issue Type
IPO
Lead Manager
Discovery Capital Partners Pty Ltd
Type of Securities
Shares
Date First Lodged
23/10/2020
Offer Costs $
$476,023
Market Cap Max
$10,080,829
Key Executives
Simon Eley (NEC), Karl Jupp (MD and CEO), Nathan Cammerman (NED)
Company Address
Level 35, 1 Eagle Street, Brisbane Qld 4000
Exchange
ASX
Chairman's Letter

Dear Investor,
On behalf of the Board, it gives me great pleasure to invite you to become a Shareholder in Westar
Resources Limited (Westar or the Company).
Over the last three years, Westar’s management has compiled a portfolio of highly prospective gold
(and base metal) exploration projects in the Sandstone, Mount Magnet, Southern Cross and Nullagine
regions of Western Australia.
Westar’s initial focus after listing on the ASX will be on exploring the Sandstone and Mount Magnet
Projects located in close proximity to a number of existing mining operations and processing plants.
The Company plans on undertaking parallel exploration programs across its Projects that it hopes will
provide high impact and consistent news-flow to the market.
Each of the Company’s projects have a number of refined and exciting targets which the Company
intends to systematically test with the aim of creating value for its shareholders by discovery of an
economic gold deposit with the potential to be developed by the Company.
In addition to Westar’s wholly owned Projects in Sandstone and Mount Magnet, Westar has signed a
binding term sheet for a Joint-Venture Agreement (JV) with Ramelius Resources Ltd (ASX:RMS) over its
Southern Cross projects. This JV agreement with such a prominent mid-tier Australian gold producer
is a significant technical validation of the Company’s Southern Cross Projects and provides Westar
Shareholders non-dilutive exposure to future exploration success.
Westar’s management team and Board have an extensive track record in successfully exploring for
gold and developing gold mines in Australia and overseas.
This Prospectus is seeking to raise $5,000,000 by the issue of 25,000,000 Shares at an issue price of
$0.20 per Share.
Investors should note that the Company is an early stage mineral exploration company, and that any
investment made in the Company should be considered highly speculative. An investment in the
Company is subject to risks, including Company-specific risks and general risks. Detailed information
about these risks is set out in Section 3, which I suggest you read carefully.
In light of the above, I commend this investment opportunity to you and on behalf of the Board of
Directors look forward to welcoming you as a Shareholder of Westar.
Yours faithfully,
Simon Eley
Chairman