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XLR8 Metals building velocity

18 April 2023 15:10

(This article was originally published on the 20th of December 2022)

XLR8 is building velocity towards its IPO, moving in sync with an international charge to discover battery-critical metals on the path to global electrification.

XLR8’s founders developed a strategic vision over several years to create an ASX-listed explorer which provides shareholders with exposure to some of the world’s most well-endowed nickel belts. That vision is becoming a reality with the acquisition of some very exciting nickel exploration assets proximate to world-class deposits and mines.

Boasting a highly credentialled leadership team led by Executive Chairman and CEO Shannon Green, CFO Ailsa Osborne and exploration manager Ian Cameron, the company is poised to get to work exploring across a portfolio of highly prospective nickel targets.

A key element in XLR8’s future success will be the fact that all three members of the XLR8 executive team have extensive operational and commercial experience within Africa.

Lying in close proximity to the tier-1 and BHP-backed Kabanga Nickel operations, XLR8 has acquired some outstanding Tanzanian assets just as the East African nation emerges as a resources powerhouse.

With a government focused on economic growth, Tanzania is seeing a surge of foreign investment, which benefits from the country’s excellent power generation and transport infrastructure — and a transparent mining code that underpins a robust investment environment.

Spanning across both the East African Nickel belt on the Western side of the Tanzanian Craton and the Mozambique Mobile belt to the east, XLR8’s projects cover over 2162 square kilometres, focused on historic nickel occurrences in close proximity to world-class deposits.

 

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XLR8’s Tanzanian tenements

And on the other side of the world, XLR8 hold a little under 14 square kilometres of tenements on the doorstep of Europe’s nascent battery industry, providing direct exposure to the prime European auto markets.

Sweden has one of the most established mining industries within Europe and as with Tanzania, is viewed as a favourable mining jurisdiction with world-class deposits. XLR8’s experienced exploration team will apply cutting-edge science to deliver value from these highly prospective projects.

Perched in the Västerbotten Nickel Zone, XLR8’s Swedish tenements lie close to Europe’s largest battery gigafactory, owned by industrial giant, Northvolt. With 22 more gigafactories planned to come online across the continent as soon as 2025, the region is shaping into a crucial player in the EV revolution.

Corporately, XLR8 intends to conduct an IPO to list on the ASX over the first months of CY 2023. The company will be assisted by respected Adelaide-based corporate advisor Jamie Myers and his team at Molo Capital who will market a capital raise of between $4.5-5.5m. IPO subscribers should receive plenty of leverage to any exploration success with the company attracting a very modest enterprise value of $4m at the 20c per share on listing

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XLR8’s Swedish tenements

As world powers grapple to claim critical minerals from within their own borders, XLR8 now stands primed to mount its own international expedition.

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