Mongolia-focused minerals explorer Eumeralla Resources has listed on the Australian Securities Exchange, after successfully completing a $3.5 million initial public offering.
Eumeralla’s stocks hit 23 cents by close of trade today, rising from its issue price of 20 cents.
The company holds a minerals exploration licence in northeast Mongolia, covering 12,657 hectares, including the historic Chuluun Khoroot tungsten mine.
Eumeralla said it plans to initially focus on tungsten exploration, with surface sampling and geological mapping to be followed up by geophysical surveys and drilling exploration.
