Initial Public Offering

Locksley is intending to conduct an Intial Public Offering

Q2 2021
the date
Raising $5,000,000
(before costs) via the issue of 25,000,000 fully paid ordinary shares.
$0.20 per Share
at an issue price

Allocation of funds

Exploration at the Tottenham Project

Directors’ fees

Future acquisition costs

Estimated expenses of the Offer

General administration fees and working capital

Total

IPO Subscription

($5,000,000 @$0.20)

Shares on issue at the date of this Prospectus

Shares to be issued under the Offer

Shares to be issued to the Vendors under the Acquisition Agreement

Total Shares on issue on completion of the offer

Options on issue at the date of this Prospectus 

Options to be issued to the Vendors under the Acquisition Agreement

Market Capitalisation on completion of the Offer (undiluted)

Year 1

$1,465,000

$340,000

$-

$580,000

$600,000

$3,185,000

IPO Subscription

($5,000,000 @$0.20)

11,000,001

25,000,000

20,000,000

 

Year 2

$868,000

$340,000

$200,000

$-

$600,000

$2,008,000

IPO Subscription

($5,000,000 @$0.20)

11,000,001

25,000,000

20,000,000

56,000,001

4,000,000 

5,000,000

$11,200,000

Strong asset base

with exploration target at Carolina and Mount Royal deposits of:
mining truck

7.37 million tonnes
@ 1.2% copper

0.4g/t of gold
for 86,100 tonnes of contained copper

mining truck

90,600 ounces of contained gold
with significant exploration upside

Investment Highlights

Immediate exploratation drilling program planned

following IPO to extend and upgrade resource to JORC 2021 standards
mining truck

ASX Listing project in Q2 2021,

bringing greater access to capital markets

Significant exploration potential

following IPO to extend and upgrade resource to JORC 2021 standards

Motivated board and management team

with a track record of discovery and corporate success
Investment Highlights

Immediate exploratation drilling program planned

following IPO to extend and upgrade resource to JORC 2021 standards
mining truck

ASX Listing project in Q2 2021,

bringing greater access to capital markets

Significant exploration potential

following IPO to extend and upgrade resource to JORC 2021 standards

Motivated board and management team

with a track record of discovery and corporate success

Strong asset base

with exploration target at Carolina and Mount Royal deposits of:
mining truck

7.37 million tonnes
@ 1.2% copper

0.4g/t of gold
for 86,100 tonnes of contained copper

mining truck

90,600 ounces of contained gold
with significant exploration upside