METALS479
CLOSED

Metals 479 is a new mineral exploration and development company, with a highly-experienced board & management. ML7’s Corcoran Silver-Gold Project is an advanced exploration project covering approx. 20 km2 with 17,895 metres of exploration drilling.

CLOSED 26 April 2018
PROSPECTUSShare Price: $0.20Min Parcel: $2000Type: Ordinary ShareCode: ML7
Key points

Metals 479 is a new mineral exploration and development company, with a highly-experienced board and management team based in Australia under the leadership of proven mining entrepreneur Frank Terranova. ML7’s Corcoran Silver-Gold Project is an advanced exploration project covering approx. 20 km2 with 17,895 metres of exploration drilling having already been conducted identifying some outstanding drill intercepts.

Investment Highlights:

  • The company has identified and acquired the Corcoran gold and silver project in Nevada, USA – one of the world’s most mining-friendly locations 
     
  • Total drilling on the Corcoran Project to date is 17,895m in 123 holes. Of this drilling, about 11,500m in 78 holes at the Silver Reef zone
     
  • Funds raised through the IPO will be used to accelerate resource definition for the development of the Corcoran project, and other corporate purposes 
     
  • Post IPO, Metals 479 will have a minimum of 77,431,666 shares on issue, giving the Company an enterprise value of approximately $10 million based on the IPO issue price of 20 cents per share 
     
  • Upon listing, Eric Sprott will be one of the largest shareholders
BOARD and management
Frank TerranovaExecutive Chairman

Mr. Terranova is a highly experienced mining executive with more than 25 years experience in senior management or board roles in significant mining companies in Australia, Papua New Guinea,...

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Chris Morgan-HunnNon Executive Director

Mr Morgan-Hunn a grazier and is also involved in property development. He has a Diploma of Financial Markets and over 30 years’ experience in financial markets having acted as a financial...

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Jonathan HartNon Executive Director

Jonathan has a Bachelor of Laws and Commerce from Murdoch University in Western Australia. His experience includes initial public offerings on ASX (AIM, LSE, TSX and JSE), reverse...

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Stephen KellyChief Financial Officer and Company Secretary

Mr Kelly is a highly experienced Director, Chief Financial Officer and Company Secretary. A qualified Australian Chartered Accountant, Mr Kelly has more than 30 years international...

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David SmithGeological Consultant

Mr Smith has been in the minerals exploration business for over 20 years. His experience spans the exploration industry and includes work in the U.S., Canada, Mexico, Chile, and China on...

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