Octava Minerals (ASX:OCT) gears up for ASX listing

• Exploration company, Octava Minerals (OCT) is gearing up to launch on the ASX next month, on September 14
• The company has assembled the right to acquire interests in a portfolio of tenements located in the East Pilbara, Kimberley, and Yallalong
• The company is aiming to raise between five and six million dollars in its inItial public offering (IPO) by issuing shares at 20 cents each
• The funds will be directed towards drilling and other exploration activities across its project to support the future growth of the company
• Managing Director Bevan Wakelam says the company was a reincarnation of 8 AU, which was due to list on the ASX in December last year

Exploration company, Octava Minerals (OCT) is gearing up to launch on the ASX next month, on September 14.

The company has assembled the right to acquire interests in a portfolio of tenements located in the East Pilbara, Kimberley, and Yallalong.

It is exploring for a range of different mineralisation, including lithium, platinum group metals (PGM’s), nickel sulphide, and gold.

Its flagship is the Talga project in the East Pilbara, which the company believes has highly prospective lithium geology.

The company is aiming to raise between five and six million dollars in its inItial public offering (IPO) by issuing shares at 20 cents each.

The funds will be directed towards drilling and other exploration activities across its project to support the future growth of the company.

Managing Director Bevan Wakelam said the company was a reincarnation of 8 AU, which was due to list on the ASX in December last year but subsequently withdrew its application.

“We rationalised some of the projects from 8 AU, we had a bit of a board reshuffle and refocus of the company and also a recapitalisation, so it’s a much tighter structure it’s a much leaner operator and we’ve got three fantastic projects that we’re very keen to get into,” he said.

“8 AU shareholders do get a priority offer in the Octava Minerals’ IPO so we certainly want them to come on board with us and continue the journey and they’re all very keen to support the future for Octava Minerals as well and we also look to get new shareholders on board.”