BPM going well after debut

BPM Minerals made its target of listing in 2020, making its market debut on December 30.
BPM going well after debut BPM going well after debut BPM going well after debut BPM going well after debut BPM going well after debut

Staff reporter

The stock closed at a respectable A24.5c in its first session, 22.5% above its 20c issue price.

Shares rose as high as 29.5c today and last traded 5.7% higher at 27.5c, pushing the company's market capitalisation to nearly $10 million.

BPM raised $4.5 million in its initial public offering after being founded by Perth-based mining identities Barnaby Egerton Warburton, Paul Lloyd, Emmanuel Correia, Greg Smith and Nick Castleden in September.

It has three projects in Western Australia: Nepean, Santy and Claw, which cover a combined 405sq.km.

Beau Resources is the company's largest shareholder with 8.2% after vending in the Nepean and Santy projects.

The initial focus will be Nepean, an unexplored package of land just 2km from the historical Nepean nickel mine recently acquired by Auroch Minerals.

The company has lodged approvals for a 7000m aircore program at the Nepean nickel-gold project, which is expected to begin in February.