Askari Metals IPO

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    Hi Guys, this one is done through Peak Asset Management.
    (ASX:AS2) at $0.20 per share, which will list on the ASX at a $2.77M Enterprise Value (EV).This IPO also comes with 1 loyalty option for every 4 shares held.Askari Metals is a pure-play copper and gold focused exploration and development company which is developing Five projects all 100% owned, located in premier mining / exploration locations within Western Australia and New South Wales:Callawa Copper ProjectSpringdale Copper-Gold ProjectHorry Copper ProjectBurracoppin Gold ProjectMt Maguire Gold ProjectEach project has had previous exploration success with diamond drilling identifying high-grade copper and gold with significant exploration upside potential.The Horry Copper Project covers an area of 3.25km2 and is located along strike of the Halls Creek Copper Project owned by Cazaly Resources Limited (ASX: CAZ) which has reported high-grade drilling intersections.The Callawa Copper Project, located in Western Australia, represents an outstanding opportunity with rock-chips with up to 28.7% Cu at surface supported by other surface rock-chip results of 9.4%Cu, 7.63% Cu and 2.68% Cu. The Callawa Copper Project has a prospective strike of approximately 2km located to the west of the Rio Tinto “Winu Copper Gold Discovery” and north-west of the large Nifty Copper Mine.The Springdale Copper-Gold Project, located in New South Wales, is situated in the Lachlan Fold Belt and has been the subject of significant historical production with grades ranging between 8g/t Au and 40g/t Au. Limited drilling has occurred beneath the old workings, with results including 3.9m @ 2.5g/t Au 66m depth down hole.It is located along strike of the Junee Copper-Gold Porphyry Project held by DevEx Resources Limited (ASX: DEV) and to the east of the Temora Copper-Gold Deposits held by Sandfire Resources Limited (ASX: SFR).As with every Peak Opportunity, we are co-investing alongside you. Here's why:Well positioned to capitalise on the booming Copper price, currently at an all time high of $US10,361.15 (As of 11th May 2021) with Goldman Sachs saying $US15,000/t is a possibility by 2025 (1)Excellent projects, all 100% owned, ready for drilling and all are in AUSEach project has had previous exploration success with diamond drilling identifying high-grade copper and gold with significant exploration upside potentialTight Capital structure with a management team that has a proven track record in taking projects into development Askari Metals will have a low EV of $2.77 million at the IPO price of 20 cents per share1 loyalty option for every 4 shares will be included.
 
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