WHY NOVUS CAPITAL?

Novus Capital Limited is an investment and financial services company specialising in Investment Banking, Corporate Advisory and Share Trading services for Australian corporate and private clients, and overseas corporate clients.

RECENTLY VISITED
CONTACT INFO
Andean Mining Ltd

Andean Mining Ltd

 Upcoming IPO

Issuer Andean Mining Limited  ABN 98 625 466 006
Transaction 
 Raising between $6m and $7m  @  20c per share to fund drilling aiming to define a maiden JORC resource at El Dovio 
Lead Broker   Novus Capital Limited 
Co-Advisor Cadmon Advisory

Indicative Time Table   (subject to change)

Lodgement  of the ProspectusNovember 1
Opening of the OfferNovember 9
Expected CloseDecember 9
Listing  on ASXDecember 22

 Brief  Company Summary

Andean has acquired 100% ownership of the high-grade copper/gold El Dovio VMS project in Colombia from Newrange Gold Corp of Canada.

The EL DOVIO  project is an advanced exploration project that hosts a high-grade copper/gold Volcanogenic Massive Sulphide (VMS) system located in the Department of Valle del Cauca, Colombia.

PROJECT HIGHLIGHTS

Target Resource

A 15,000m in-fill and step-out drilling program to be implemented after the IPO. has been designed to provide sufficient data to establish a maiden resource on the Sabana Blanca deposit at El Dovio.

Target resource of at least 5Mt at copper and gold grades in excess of 3% and 4g/t respectively (i.e. >7.0g/t AuEq or >5.0% CuEq).

Proven metallurgical recoveries from detailed test-work of +95% for all metals into separate copper and zinc concentrates and importantly with precious metals reporting into the copper concentrate.

The Team 

A highly experienced team both in exploration/mine development, operations management, and public company governance. The CEO William Howe has spent over 4 years in Colombia and will resume his residency in Colombia post IPO

Valuation and offer metrics

Market Cap on IPO is expected to be around $15m with a $9.3m EV, a very competitive price given the stage and grades of the project.

Location

Columbia rated by the Fraser Institute as the best location for Mining in Latin America

El Dovio Project is well located in terms of infrastructure, being only several hundred  Km from the main port.  Roads, Power, Water, and Labour are nearby and in plentiful supply. 

More Information.

Click Here for the Prospectus

Click Here to see the Smallcaps Interview with the MD William Howe


Gavan Farley - gavan.farley@novuscapital.com.au +61 420 520 300 or 

Wayne Rossiter wayne.rossiter@novuscapital.com.au +61 420 959 304