8AU readies for listing

New WA gold, nickel and lithium play 8AU is looking to raise between $8 million and $12 million before landing on ASX boards in early December.

The aspirant lodged its prospectus with ASIC today, offering potential backers between 40 million and 60 million shares at 20 cents each.

The aspirant is helmed by chief executive Bevan Wakelam and counts Peregrine Corporate and First Au executive Bryan Frost as a board member.

Should the initial public offering go as planned, 8AU will commence trading on the stock exchange on December 6 in a $19 million market capitalisaiton.

8AU says it has several mineral exploration properties set to be assessed post-listing, including the East Pilbara Gold Project about 100 kilometres west of De Grey Mining's Hemi discovery and the Talga JV project 10 kilometres north of the Archer lithium deposit.