Coolabah Metals is a minerals exploration company that was incorporated on 28 July 2021 for the purpose of identifying, acquiring and developing prospective copper, gold and base metal assets throughout Australia.

Since incorporation, the Company has acquired or entered into agreements to acquire (subject to satisfaction of the conditions precedent) a 100% legal and beneficial interest in a number of tenements comprising three separate projects in New South Wales and Queensland being the Nymagee Project, the Coolabah Project and the Gunpowder Creek Project (together, the Projects).

The Company is currently the registered holder of three granted exploration licences that form part of the Coolabah Project and has entered into a binding tenement sale agreement with Bacchus Resources Pty Ltd (Bacchus or the Vendor) dated 23 August 2021 (Acquisition Agreement), pursuant to which the Company will acquire (subject to satisfaction of the conditions precedent) a 100% legal and beneficial interest in the Sale Tenements, being the remaining tenements making up the Projects.

Read the Conversation:

 Casey Portors: 

“Hi everyone. I'm here with Cam Provost, the MD of Coolabah Metals. We're currently live on the company's IPO, so Cam we’ll just jump straight into it. At listing, the company will have three assets into tier one regions or copper and base metal producing regions in Australia, the Lachlan Fold Belt and Mount Isa. Do we wanna just jump into the three of them, Cam?”

Cameron Provost:

“Good morning, Casey. Thanks for having me. It's great to be here again. As you mentioned, world-class remains the Lachlan Fold Belt and Mount Isa block and the tenements that we have, the three Tenements- Coolabah and Nymagee in the Lachlan Fold Belt and our Gunpowder Creek project up at Mount Isa are underexplored tenements. And when you look at the Coolabah project as an example, our VMS volcanic massive style copper gold deposit region, and we talk about the nearby operating mines as Triton, new discoveries at Constellation. As an example, the 22.84 metres at 5.42% copper and another one of 14.75 metres, being at 4.7% copper, the Nymagee Project, which you also mentioned in the Lachlan Fold Belt, which is, uh, Cobar style deposits and nearby to other significant operating mines and discoveries as we talked about here, and the new discovery of federation, which is quite exciting to be so close to these these regions and intercepts. They've got intercepts of 18.2 metres at 13 grams a ton for gold, five metres at 47 grams, a ton of gold, three metres at 23.4 grams, a ton of gold. And then our other little exciting one, or I shouldn't say little but, Gun Powder Creek Project, which has got historic gold workings and great chips of 32 grams a ton up in Mount Isa region, so three exciting projects in two tier one regions, as you said.”

Casey Portors: 

“Very exciting and there's definitely a lot of activity to validate the interest in, especially the Lachlan Fold Belt. But also I think that we don't give enough credit to the potential at Gun Powder Creek or given what's happening, what other companies are doing up there at the moment. Definitely very exciting portfolio to be able to list with. If we jump straight to the IPO terms, so we're raising 6 million dollars at 20 cents, and the raise is being done by Barclay Pearce Capital here in Sydney and CPS Capital in Perth. We're expecting to close the offer on the sixth of June, and beyond the boards by the 22nd of June. Cam, did you wanna talk about what investors in the market can expect in terms of news flow post-listing?”

Cameron Provost:

“Yes. All being well. Ringing the bell on the 22nd of June and then straight into our airborne EM surveys at Coolabah, our gravity survey information at Nymagee. Looking to do some geochem work at Mount Isa and then one, we get some of that information back, we'll be straight into the drilling, doing other things like down hole electromagnetic surveys and drilling again, those anomalies. And a key thing for us is also about giving announcements to the market. So our first quarter is really focused on getting into the ground and market announcements for these are initiatives we've been working on to put in place over the last six months.” 

Casey Portors:

“We're very excited about Coolabah given the recent activity in the Lachlan Fold Belt and specifically the Cobar region by the likes of Aurelia and, and Aris. It's priced very attractively for upside post listings. Considering the company has. Packed exploration program in the works. Got a very great qualified tight team in Cam and, and David Ward and Steve Woodham. The interest is definitely supported by the macro fundamentals of copper and other base metals, right?”

Cameron Provost:

“Yeah, spot on. And that's really well said. Uh, BPC and CPS have been two great entities to work with, two great lead brokers to work with in this initiative. The thing that you spoke about, that broad skill set of exploration and mining and things like governance and sustainability for our leadership team is critical. That really good tight-knit team. And then that big picture thing, when you talk about being in two world class terrains that have simply been underexplored. So we've got a really clear strategy for exploration in simple proven exploration methods. So they are really exciting tenements and projects that we're working on.”

Casey Portors:

“Great. Thanks, Cam. For anyone who wants to know more about Coolabah or participate in the IPO, please just click on the link in the description or contact any one of our equity traders.”