Exploration company with significant acreage across two prolific Nickel exploration regions in WA

OnMarket Bidding Closed DMC Mining Ltd ASX: DMM

DMC Mining Ltd IPO | ASX: DMM

Fixed Priced IPOType of Offer
24 Nov 21Offer Open
02 Dec 21Pay By
$5 millionSize of Offer
$2,000 Minimum Investment
CPS CapitalLead Manager

The company has received commitments in excess of $5 Million offer size. OnMarket has a limited, firm allocation

Key Highlights


DMC Mining Ltd (ASX: DMM) was established for the purpose of assembling a portfolio of highly prospective Nickel sulphide exploration projects in Western Australia. 96% of Australia’s Nickel production comes from Western Australia. The Company has recently entered into Acquisition Agreements to acquire several tenements located across the Fraser Range and Ravensthorpe regions in WA.

The Ravensthorpe Nickel Project is a nickel and gold exploration project adjacent to the First Quantum Minerals (FQM) open-pit nickel mine and the RAV8 sulphide nickel mine, located in the Esperance region of Western Australia, approximately 500km southeast of Perth. The Fraser Range Projects are a consolidation of 10 granted Tenements with a combined area of approximately 873km2, - being one of the largest strategic landholdings of held by any junior explorer in the Fraser Range.

The Ravensthorpe Project comprises of one granted exploration licences (E 74/669) covering an area of 21 Blocks (~61km2) within the Archaean volcano-sedimentary Ravensthorpe Greenstone belt located near the south coast of Western Australia.

The Fraser Range Project comprises ten exploration licences (E 28/2813, E 28/2814, E 28/2815, E 28/2816, E 28/2829, E 28/2830,E 28/2831,E 28/2883,E 63/1918 and E 69/3592), which collectively cover 291 Blocks (~873km2) in the Proterozoic Albany-Fraser Orogen, where it is on-lapped by the western margin of the Phanerozoic Eucla Basin in Western Australia.

Terms of the Offer

DMC Mining Ltd is looking to undertake an IPO on ASX to raise $5 million via the issue of between 25 million shares under the Offer at an offer price of $0.20.  The company will have an indicative market capitalisation of approximately $9.27 million on a fully diluted basis on completion of the offer.

The Projects

Subject to the successful completion of the Acquisition Agreements, the Company will hold:

  • one (1) granted exploration licence at the Ravensthorpe region of Western Australia, (Ravensthorpe Nickel Project); and
  • ten (10) granted exploration licences in the Fraser Range region of Western Australia, (Fraser Range Projects).

The Projects have been selected principally based on their potential to host economic nickel, copper and gold mineralisation.

Ravensthorpe Nickel Project (“RNP”)

The Ravensthorpe Nickel Project comprises EL 74/669, is approximately 61km2 in size and is a nickel and gold exploration project adjacent to the First Quantum Minerals (FQM) open-pit nickel mine and the RAV8 sulphide nickel mine, located in the Esperance region of Western Australia, approximately 500km southeast of Perth.

Despite the known geology and proximity to nickel mineralisation, there has been limited historical exploration within the Project. The Tenement is prospective for nickel sulphide mineralisation of a similar style to the RAV8 resources to the north, and also gold mineralisation, based on the existence of small historic gold workings in the far northeast of the Tenement. RAV8 sits immediately adjacent to the northern boundary of the RAV 8 nickel mine.         Tectonic Resources Limited mined RAV8 from 2000 to 2008. Reserves rose to 206,404 tonnes grading 5.49% nickel from164,933t at 5.83% Ni, resulting in a 17% increase in anticipated nickel in concentrate from about 19.9 million pounds to 22.4Mlb.

The Fraser Range Projects

The Fraser Range Projects are a consolidation of 10 granted Tenements with a combined area of approximately 873km2, - being one of the largest strategic landholdings of held by any junior explorer in the Fraser Range. Investment by the Company will be undertaken at the Fraser Range Projects to explore for nickel, copper, gold and other base metals.

The Tenements comprising the Fraser Range Projects are situated within the highly prospective Proterozoic Albany-Fraser Orogen (AFO).

The AFO hosts and is prospective for a range of mineral deposit styles, including:

  • magmatic nickel-(copper-cobalt) mineralisation;
  • orogenic gold mineralisation;
  • intrusion-related gold mineralisation; and
  • polymetallic sedimentary exhalative and volcanogenic massive sulphide mineralisation, as exemplified by the Trilogy lead-zinc-silver-copper-gold deposit.

Previous exploration across the Tenements of the Fraser Project has focussed largely on gold, particularly since the Tropicana Discovery in 2005, and on base metals since the discovery of Nova-Bollinger in 2012. Nova-Bollinger is a world class nickel-copper deposit in mafic/ultramafic reporting 13 Mt @ 2% Ni + 0.8% Cu + 0.07% Co.

The Fraser Range is not just prospective for magmatic nickel-copper sulphide and orogenic gold. IGO Limited have identified several VMS occurrences, the most prospective being Andromeda (29.9m @ 1.36% Cu, 2.51% Zn, 19.9ppm Ag, and 0.36ppm Au).

Magmatic nickel and copper sulphide orebodies frequently occur in clusters globally. Thus far there are two discoveries and a large number of mineral occurrences.

The Fraser Range Project tenement packages are largely under explored and potential remains for several differing styles of mineralisation to occur. The Proterozoic mobile belt of the Albany Fraser Orogen, adjacent to the Archaean Yilgarn Craton margin, represents a favourable model for the formation of magmatic base metal deposits, volcanogenic massive sulphide deposits, and structurally hosted hydrothermal gold deposits.

Proposed Exploration Program

The Company proposes to apply funds raised from the Offer, together with existing cash reserves, over the first two years following admission of the Company to the Official List of ASX for exploration activities as outlined in the tables below.

Business Model

DMC Mining Ltd’s business model is to systematically test each of the Projects using highly skilled and experienced exploration personnel and advisers; and, in doing so, determine as soon as practicable whether the Projects have potential for hosting economic mineralisation.

Exploration work will initially be focussed on the Ravensthorpe Project and the tenements in the north west of the Fraser Range Projects. When a suitable exploration target is identified, the focus will be on establishing a mineral resource in the indicated category reported in accordance with the JORC Code shortly thereafter.

Management and Board

DMC Mining Ltd is led by a skilled Board, comprising Directors who have a wide range of experience, with a proven track record of successful mineral exploration, discovery and development. These include:

Mr David Sumich – Executive Chairman

Mr. Sumich is a Mining Executive with over 25 years’ experience in the mining industry, including 10 years as CEO/Managing Director of ASX listed exploration companies and also as Chairman of ASX listed Globe Metals and Mining Ltd.  Mr Sumich has led multiple successful IPO’s and capital raisings, including Globe Metals and Mining which culminated in a final equity capital raising of A$50mill direct placement to East China Mineral Exploration & Development Bureau ("ECE") for 50.1% equity, and also the former DMC Mining Limited, whereby he oversaw feasibility studies on the project and finally orchestrated the $A50mill on-market cash takeover of the company. Recently, Mr Sumich was part of the Development and Production Team of Rio Tinto at the Marandoo Iron Ore expansion in the Pilbara, Western Australia.

Mr William (Bill) Witham – Non-Executive Director and Technical Director

Mr Witham is an experienced company director with a successful track-record in the mining & metals industry. He is skilled in mineral exploration, corporate finance, and government relations. He has strong technical experience in copper, lithium, uranium, and gold commodities, in particular.

Mr Witham has held senior executive roles across the Australian and African resources sector for over two decades and has worked directly in Namibia, Botswana, Cameroon, Congo, Gabon, Egypt, Niger and South Africa. He has further experience in member-based organisation leadership, including with the Chamber of Minerals & Energy WA (Government Relations and Policy), National Party WA (Corporate Director) and South Coast Natural Resource Management Inc. (Chair). He is currently CEO of Australia – Africa Minerals and Energy Group (AAMEG), the peak body supporting Australian mining companies in Africa.

Mr Bruce Franzen – Non-Executive Director and Company Secretary

Mr Franzen is a certified practicing accountant with over 30 years’ local and international experience within large, complex organisations in the resources sector. Bruce has substantial executive-level and board experience executing finance and commercial roles related to exploration and development of large capital resource projects. He has recently held a senior finance leadership position with major Canadian gold producer, Kirkland Lake Gold, where he was focused on underground mining operations at the world renowned Fosterville gold mine in Victoria. Bruce has also held past senior finance positions for large companies such as Woodside Energy, Inpex and Origin Energy.

Key Offer Statistics

Use of Funds

Funds raised from the Offer will be applied as follows:

For further information on the Key Offer Statistics and Use of Funds, please see the prospectus.


You are encouraged to read the Prospectus carefully as it contains detailed information about the Company and the Offer. Like all investments, an investment in the Company carries risk. As set out in Section 5 of the prospectus, DMC Mining Ltd is subject to a range of risks, including but not limited acquisition risk, limited operating history, additional requirements for capital, exploration risks, tenure, access and grant of applications and operating and development risks.


Section 734(6) disclosure: The issuer of the securities is DMC Mining Limited ACN 648 372 516. The securities to be issued are ordinary shares. The disclosure document for the offer can be obtained by clicking on the link above. The offers of the securities are made in, or accompanied by, a copy of the disclosure document. Investors should consider the disclosure document in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document (which can be done via the electronic application form which will become available by clicking the bid button above).

OnMarket has a limited allocation. The offer may close early and the 'Pay By' dates may change. Duplicate bids under the same investment profile, investor name or residential address may be cancelled.



Discover investment opportunities here

Equity Crowdfunding 1 days left

Sawce Pty Ltd

Sawce Pty Ltd
Australia's online marketplace for furnishing & fitouts
I need it, I'll SAWCE it!


Sawce.com.au is the FIRST and ONLY online marketplace dedicated to helping people furnish and fitout any space – home, commercial and office. Starting with over a hundred thousand products from hundreds of retailers, & targeting 1 million products within 12 months, they are the Domain.com and RealEstate.com of the $50B Australian furnishing and fitout industry.


Using their successful pilot site with 30,000 users a month as the base, Sawce.com.au launches in October, with rapid expansion anticipated as a pure-play technology-driven marketplace.


Before investing please consider the offer document and the general risk warning.

Min. reached - now targeting $1 million







IPO Upcoming

ChemX Materials Ltd ASX: CMX

ChemX Materials Ltd
Focussed on producing materials required for global energy transition and de-carbonisation markets


Commitments in excess of $7m min offer size. OnMarket has a limited allocation


ChemX Materials Limited (ASX: CMX) is a materials technology company developing new and innovative solutions to produce materials required for the global energy transition and de-carbonisation markets. The Company’s initial focus is in-house developed technology to process and supply High Purity Alumina (“HPA”). HPA is a critical material for the Lithium-Ion Battery and LED & Semiconductor markets. ChemX is planning to construct a pilot plant within 12-18 months.


The Company also holds two exploration licences in the Eyre Peninsula, South Australia which are prospective for kaolin / halloysite and manganese, key materials for the decarbonisation of industrial processes, Hydrogen storage, CO2 Capture and battery precursor material.

Up to $8 millionSize of Offer
06 Dec 21Offer Open
10 Dec 21Pay By
IPO Live

Belararox Ltd ASX: BRX

Belararox Ltd
Mineral explorer focused on meeting the surge in demand from battery and renewable energy markets


Belararox Limited (ASX: BRX) is an Australian mineral explorer focused on securing and developing resources to meet the surge in demand from the technology, battery and renewable energy markets.


The Company directly owns 100% of the Belara metals project in NSW that comprises a granted exploration licence and two exploration licence applications, and the Bullabulling gold and nickel project located Western Australia that comprises a package of 26 granted prospecting licences located close to the Bullabulling Gold Mine.


The Belara Project is a highly prospective near-term base metal opportunity. Previous drilling has shown mineralisation with excellent continuity, containing significant intersections of zinc, copper, silver, lead and gold and is located close to well-developed infrastructure. 

Up to $6 millionSize of Offer
30 Nov 21Offer Open
06 Dec 21Pay By
IPO Live

Dragonfly Biosciences Ltd ASX: DRF

Dragonfly Biosciences Ltd
Producing high quality CBD health and wellness products from ‘seed to shelf’, sold through blue chip retailers


Dragonfly Biosciences Limited’s (ASX: DRF) develops cannabidiol (CBD) health and wellness products derived from the cannabis plant, owning and operating the entire production chain from ‘seed to shelf’. EU licensed strains are grown on its own organically certified fields in the EU, with CBD extraction undertaken at the Company’s ‘state of the art’ large scale extraction facility. 


Dragonfly has a 3-year track record of selling its CBD products through blue chip retailers in the United Kingdom (UK), such as Boots, Tesco, Sainsbury’s, Amazon and Harrods, and is now targeting international expansion to Australia, Asia Pacific and the USA. The company is forecasting revenues of $6.9 million for FY2021.

Up to $11 millionSize of Offer
02 Dec 21Offer Open
10 Dec 21Pay By
Equity Crowdfunding 2 days left

Kredible (Tagg Technologies Pty Ltd)

Kredible (Tagg Technologies Pty Ltd)
Revolutionary talent search platform disrupting Australia’s multi billion dollar recruitment and job search industries.


Kredible is the next generation of talent search platforms, completely flipping the hiring process on it’s head by offering employers a searchable database of professionals who have all been verified by their previous employers via extensive reference checks, all displayed in an Uber-style review format. 


Currently, almost all businesses conduct talent searches through job boards or recruitment agencies via a lengthy, expensive and highly inefficient process. Kredible aims to fix this by offering employers a technology enabled platform to hire talent considerably faster, cheaper and with much more accuracy.


Disrupting this process represents a contestable revenue opportunity of over $12 billion in Australia alone.


Before investing please consider the offer document and the general risk warning

Min. reached - now targeting $1.25 million







Equity Crowdfunding 3 days left

ReNutrients Pty Ltd

ReNutrients Pty Ltd
Cleantech meets Agtech. Revolutionary technology. Returning Nutrients to Nature


Every year over 419 million handheld batteries are sold in Australia and just 4% of these are recycled with the rest going to landfill. As batteries begin to break down in landfill, heavy metals can leach into the surface and groundwater, polluting our soils and waterways.


ReNutrients is on a mission to address the issue of battery waste in Australia whilst returning the valuable minerals used in the batteries to the ground. Via their exclusive distribution agreement with Finnish cleantech company, Tracegrow, ReNutrients has a suite of organic fertilisers made from recycled batteries that have shown increased yields for growers by up to 26% compared to traditional competing products.


Before investing please consider the offer document and the general risk warning.

Minimum Target $250,000







Equity Crowdfunding Live

Doctors.com.au Pty Ltd

Doctors.com.au Pty Ltd
Preventative Health Care goes Digital


Doctors.com.au is an Australian health tech platform, empowering Australians with the right information at the right time to treat and prevent illness.


The SaaS business model attracts and retains consumers on the platform with AI-drive tech tailoring their preventative health care routine. Practitioners and clinics subscribe to the Practice Services Suite, and in doing so they can engage their patients and attract new ones.


Better health outcomes for Australians through prevention. Better financial health for practitioners.


Post Covid, digital health is the future.


Crowdfunding is risk, please consider the offer document & risk warning before investing

Min. reached - now targeting $1 million







Equity Crowdfunding Live

Female Protective Clothing Hold. Co P/L*

Female Protective Clothing Hold. Co P/L*
Because girls play too.


Female led, female orientated, female hyped protective wear apparel whose primary values are quickly summarised; gear up and play hard.


Female participation is on the rise in the sporting industry, women no longer cook and clean dishes, they cook and clean their exhaust pipes… with 39m women globally playing impact sports.


The sports protective market was valued at USD 8.24B in 2018 and is growing at a CAGR of 4.01%. With the extreme sports market booming, and gender dynamic change, Stephanie Bofinger, founder of Fempro, spotted a crucial market need; protective wear created by a woman for a woman.


Impact sports require impactful prevention, which means impactful protection.


Before investing please consider the offer document and the general risk warning.


Minimum Target $100,000







ECF OnMarket Bidding Closed

Cogniss Holdings Pty Ltd

Cogniss Holdings Pty Ltd
First to unlock power of NO-CODE app dev for EdTech & Digital Health Markets


Heard of Noom, Duolingo, Headspace or Sweat? In 2021, there were 80,000 new EdTech and Digital Health apps on the app store. And within 5 years the market for each is predicted to be US$404B and $456B respectively.


It is a dynamic space for app development. Yet traditionally these type of apps takes specialist programmers and analysts months and can cost up to $1M.


Cogniss makes making EdTech and Digital Apps easy with its NO CODE aPaaS business model. And in doing so is set to fill the void in the rapidly growing no-code, low-code market (31% CAGR) for building education and health apps.  


Before investing please consider the offer document and the general risk warning.

Min. reached - now targeting $2 million