Trading in the company opened at A21c, just above its 20c IPO level, and moved between a peak of 22c and a low of 19.5c.
In all $600,000 in stock changed hands, mostly in a fast and furious first 15 minutes of trading.
The company raised the maximum $5 million sought under the raising that was managed by Perth-based dealmakers GTT Ventures.
It said a team would start a mix of mix of surface sampling and an IP survey that will better define targets for the maiden Mt Read drilling program.
The project sits in the Cambrian-aged volcanics that are the host to most of Tasmania’s significant mineral occurrences, including some long-life mines.
Located on the Sorrell Peninsula on the island’s west coast the initial focus will be on the Thomas Creek cobalt-coppe...