Asian Battery Metals Plc (ASX:AZ9)
(re-compliance ASX Listing of ASX:DOR with acquisition*)
Asian Battery Metals Plc (ASX:AZ9)
Asian Battery Minerals is a critical minerals explorer with copper, nickel, graphite and lithium projects in Mongolia, a rapidly advancing jurisdiction located next to the world’s largest EV battery market (China). Their flagship Oval project was included in BHP’s 2023 Xplor Program and boasts a successful scout drilling season, with all drill holes encountering mineralisation. With the copper market up 25% in the last six months, this is a rare opportunity to get exposure to this market, as the company progresses its projects.
Company Presentation
Asian Battery Minerals is a battery minerals explorer with copper, nickel, graphite and lithium projects located next to the world’s largest EV battery market (China). Its flagship Oval copper-nickel project was included in BHP’s 2023 Xplor Program and boasted a successful scout drilling season, with all drill holes encountering mineralisation.
Project
Highlights
- First ASX copper listing since recent ~25% price rise in copper futures.
- Three 100% owned projects featuring essential metals for the green energy transition – copper, nickel, graphite, lithium.
- Located in Mongolia, a rapidly advancing, largely underexplored jurisdiction next to the world’s largest EV battery market (China).
- Selected by BHP as one of only seven out of hundreds of companies applying for the investment and expert advice granted by BHP’s coveted Xplore Program.
- Board features highly experienced local operators, such as Gan-Ochir Zunduisuren, previously a director of Oyu Tolgoi LLC – one of the largest copper and gold reserves in the world.
- On the cusp of major discovery for the flagship Oval project, with a successful scout drilling campaign which saw mineralisation in every hole.
- Ready to begin drilling immediately following listing.
- Strong long term demand for Copper, new supply is insufficient to fuel the world’s transition to renewable energy.
Request Prospectus or Start Application
By submitting this form, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement. Reach Corporate have been engaged by Inyati Capital Pty Ltd (Lead Manager) to co-manage this offer and may receive fees based on the uptake.
The Issuer is Doriemus PLC Ltd (ASX: DOR) ARBN 619 213 437 (“DOR” or “the Issuer” or “the Company”) to be renamed Asian Battery Metals PLC (“ABM”). The Company has entered into a Heads of Agreement (“Acquisition Agreement” or “HOA”) with the major shareholders of Asian Battery Minerals Limited (ACN 656 811 442) (“ABM”) to acquire 100% of the issued share capital of ABM (“the Acquisition”). Under the HOA, DOR will acquire 100% of the issued capital in ABM by issuing 364,500,000 Consideration Shares and 364,500,000 Vendor Options to ABM shareholders, giving ABM a controlling interest in the combined entity following the Proposed Transaction, owning approximately 77.9% of the consolidated entity (exclusive of the shares to be issued under the Public Offer).
Past performance is not a reliable indicator of future performance.
Reach Corporate have been engaged by Inyati Capital Pty Ltd (Lead Manager) to co-manage this offer and may receive fees based on the uptake.
The Public Offer of securities in Doriemus PLC will be made in, or accompanied by, a copy of the prospectus available here. You should consider all the information contained within the prospectus to understand the features, risks and returns associated with the investment before deciding whether to acquire the securities. Anyone acquiring the securities will need to complete the application form that will be in or will accompany the prospectus.