How to buy shares in Octava Minerals
Exploring lithium deposits in the celebrated Pilbara region.
|Name||Ticker||Listing||Issue Price||Capital Raised|
|Octava Minerals||OCT||14 September 2022||$0.20||$6m|
The global economic backdrop isn’t slowing down Australia’s resource sector, with another exploration company completing its IPO today.
Octava Minerals ($OCT) was established in 2021 and has a broad exposure to critical minerals across Western Australia.
These minerals are considered essential for modern technologies, and include resources like platinum group metals (PGMs) cobalt, graphite, lithium and rare earth elements.
In Octava’s case, across its tenements it has exposure to lithium, platinum group metals (PGMs), nickel and even gold.
The tenements are located throughout Western Australia, specifically in the East Pilbara, Kimberley and Yallalong regions.
It’s at its flagship Talga project in East Pilbara that the company believes it will uncover lithium deposits.
Previous exploration in the region has identified lithium assets, but Octava said those rock chip samples were ignored because lithium wasn’t a popular commodity at the time.
It is now, with lithium prices up over 400% year-on-year and showing no signs of slowing down.
In fact, the Pilbara area has already proven successful for Global Lithium Resources (GL1), which uncovered high quantities of lithium oxide just 10km down the road.
Octava’s other projects are more focused on PGMs, which are a group of six precious metals valued for their wide range of applications, including in alternative energy sources.
Following the IPO, Octava will direct the funds raised towards drilling and other exploration activities.
The company is led by CEO Bevan Wakelam, a geologist with over 20 years’ experience in the sector and who played a crucial role in helping to establish Roy Hill Iron Ore.
Octava Minerals is available to trade on Stake under the ticker $OCT.
This is not a recommendation to invest, as always do your own research