Moonlight Resources is set to spring onto the ASX boards ahead of plans to fast-track a maiden resource at its brownfield Clermont gold project in Queensland.
The company is also planning to explore a vast critical minerals frontier in the Northern Territory called the MacDonnell project that is already showing some huge, rare earths grades and solid uranium shows.
Moonlight is now putting the finishing touches on its fully underwritten listing, raising $10 million at 20 cents a share to deliver a $19.4 million implied valuation on debut.
And it seems the new listing couldn’t be better timed with the gold price on a tear and western governments scrambling to shore up their own supplies of critical minerals like rare earths and uranium amid Chinese export bans.
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