Perth-based Extract raised some $15 million via private placements through Haywood Securities in Toronto earlier this year and will not be raising further capital when it lists later this month.

The company said today the TSX listing will be secondary to the Australian Securities Exchange listing, but exposure to the North American market would support the company's financing objectives in the future.

Other Australian companies planning to list on the TSX in the near future include fellow Namibian explorer Bannerman Resources, PNG-focused Marengo Mining and gold producer Lihir Gold, alongside Western Australia gold hopeful Dioro Exploration.

They will follow in the successful footsteps of Anvil Mining and Equinox Minerals, which are both rapidly ramping up their successful development projects in Africa, and Brazilian-focused nickel play Mirabela Nickel, which is also moving its Santa Rita project into development.

Shares in Extract were last trading at 74c, up 7c this morning.