Lykos Metals completes oversubscribed $12M IPO

RFC Ambrian Limited is delighted to have acted as corporate advisor and Lead Manager to bring Lykos Metals Limited to the ASX.

Lykos has a very exciting project portfolio targeting battery metals right on the doorstep of the EU. Sockovac has historical drilling intercepts showing high grade nickel sulphides, with recent significant nickel-cobalt soil anomalies. Sinjakovo was subject to historic copper mining with grades reported of up to 25% copper, and more recently has returned high grade copper and cobalt in surface sampling. Cajnice has potential for lithium and REE together with base metals. All three projects are also prospective for gold and silver.

IPO funds will be directed towards an aggressive technical work program under the capable stewardship of Managing Director Mladen Stevanovic and a strong technical team in-country. Milos Bosnjakovic will act as Country Manager and Executive Director with Matthew Worner completing the board as Chairman.

Vert Capital Australia and CPS Capital assisted with the capital raise while Steinepreis Paganin Lawyers and Consultants acted as legal advisors.

20 Oct, 2021