Revolver Copper Completes Successful $12.7m IPO

Revolver Resources (ASX: RRR)

Highlights:

  • Revolver Resources (ASX: RRR) lists on the Australian Securities Exchange following its successful $12,724,526.60 Initial Public Offering through the issue of 63,622,633 shares at an issue price of $0.20 per share
  • Revolver is a mineral exploration and development company focussed on two 100% owned advanced copper projects in Queensland’s premier polymetallic provinces
  • A portfolio of underexplored, high-grade assets:
    • Dianne Project, a near-term production prospect north-west of Cairns comprising 6 mining leases and an exploration permit, covering 116km², and;
    • Osprey Project consisting of 6 exploration permits north of Mount Isa with established prospectivity for Iron Oxide Copper Gold and Mount Isa style targets covering approximately 765km²
  • Historically, Dianne produced 63,758 tonnes of high-grade copper ore with an average grade of 22.7 % Cu
  • Program of works to progress existing orebody with no previous drill holes below 165m depth
  • Drill rig secured to commence resource drilling program at Dianne in preparation of maiden JORC resource

Revolver Resources Limited (ASX: RRR) (“Revolver” or “the Company”), an Australian exploration company focused on the development of copper for the world’s accelerating electrification, is pleased to announce it was admitted to the Official List on 23 September 2021 and has commenced trading on the Australian Securities Exchange (“ASX”) today, following a successful Initial Public Offer (“IPO”) raising $12,724,526.60 (before costs).

Revolver’s Managing Director, Pat Williams said: “The Company’s listing on the ASX today was a significant milestone for the management team and shareholders and benefits the overall growth plans as copper becomes an in-demand commodity due to the world’s increasing electrification.”

“World markets need new copper supply and demand is forecast to grow up to 600 percent, so we have come to the market to fast-track the development of our copper projects in North Queensland.”

“Revolver’s portfolio has been diligently put together since 2016. Multiple drilling programs and geological and geophysical works to date, have increased the Company’s confidence in its tenure and our planned work is designed to better quantify the already known mineralisation.”

“We wish to thank our team of advisers who have assisted us in achieving our successful ASX listing and our shareholders for their continued support, and we look forward to updating the market with our upcoming programs in the coming weeks.”

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