How to buy Augustus Minerals (AUG) Shares
An early stage mining company looking for a number of commodities in Western Australia.
How to buy Augustus Minerals shares?
Want to start buying AUG shares but not sure how? Follow the steps below to invest in Augustus Minerals on the ASX.
1. Find a stock trading platform
To buy shares listed in Australia, you'll need to sign up with an investing platform that has access to the ASX. There are a number of share trading platforms in Australia, of which Stake is one.
2. Fund your account
Complete an application with your personal and financial details. Fund your account with a bank transfer, debit card or even Apple/Google pay.
3. Search for Augustus Minerals ($AUG)
Find the share by company name or ticker symbol: $AUG. Do your own research to ensure it is the right investment product for your own circumstances.
4. Choose an order type and buy AUG stock
Buy on any trading day with a market order or use a limit order to delay your purchase of AUG shares until it reaches your desired stock price. Look into dollar cost averaging to spread out your risk, which smooths out buying at consistent intervals.
5. Monitor your investment
Optimise your portfolio by tracking how your stock and the business perform with an eye on the long term. You may be eligible for dividends and shareholder voting rights that affect your stock.
Augustus Minerals overview
The junior mining company Augustus Minerals is focused on the Ti Tree Shear Project in the Gascoyne Province of Western Australia. The team expects to fund around two years of operations with the proceeds of their recent ASX IPO.
Augustus has a package of 3,905 km2 of landholdings around 200 km northeast of the coastal town of Carnarvon. The team’s identified 50 high priority drill targets during initial studies, which lie across four main areas within the large property.
They’re searching for deposits of rare earths elements (REE), lithium and copper at the moment. However, they will also screen for minerals given the early stage of the project. These could include gold, nickel and platinum group elements.
Augustus could be considered as a multi-commodity play at this point, rather than the share’s performance being impacted by price changes of any one of these minerals. Various metals have been found by other miners in the region.
The Yangibana REE Project is under construction by Hastings Technology Metals’ ($HAS) nearly 30 km north of the Ti Tree. Delta Lithium ($DLI) is working on the Yinnethara Lithium Project on an adjacent plot of land to the south.
Augustus Minerals ($AUG) IPO details
Augustus Minerals has filed its prospectus with the Australian Securities and Investments Commission (ASIC) in order to be listed on the ASX using the ticker symbol AUG. Read more in the Augustus Minerals prospectus.
Find out about the important dates and figures below:
ASX code | AUG |
Open price | $0.20 |
Total number of shares available under the offer | 50,000,000 |
IPO amount | $10m |
ASX listing | 25.05.2023 |
You can take a look at the top shareholders in AUG, find them here.
If you're considering investing in Augustus Minerals or other upcoming IPOs, sign up today.
This article focuses on how to buy specific securities, however, it is not a recommendation to invest in them and should not be taken as financial advice. Do your own research and make your own decisions, or even consider getting advice from a licensed financial adviser before investing.
Megan is a markets analyst at Stake, with 7 years of experience in the world of investing and a Master’s degree in Business and Economics from The University of Sydney Business School. Megan has extensive knowledge of the UK markets, working as an analyst at ARCH Emerging Markets - a UK investment advisory platform focused on private equity. Previously she also worked as an analyst at Australian robo advisor Stockspot, where she researched ASX listed equities and helped construct the company's portfolios.
