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METALS & MINING | Precious Metals
norwestminerals.com.au

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Founded Year

2017

Stage

IPO | IPO

Date of IPO

11/29/2018

Market Cap

0.01B

About Norwest Minerals

Norwest Minerals (ASX:NWM) operates as a mineral exploration and production company. Norwest Minerals explores, produces, and develops gold and base-metal properties.

Norwest Minerals Headquarter Location

L6, 66st Georges Terrace

Perth, Western Australia, 6000,

Australia

(08) 6166 5814

Latest Norwest Minerals News

IPO Watch: Norwest Minerals sinks on debut - Stockhead

Nov 29, 2018

IPO Watch: Norwest Minerals sinks on debut IPO Watch clipboard Following the trend of soft floats is gold and copper play Norwest Minerals (ASX:NWM), ending its first session in the red. Norwest made its ASX debut on Thursday, November 29, at 12pm AEST, at an issue price of 20c per share. It went as high as 22c in early trade, before closing out its first session down 10 per cent at 18c. About 210,000 shares changed hands. Spun out of battery metals-focused Australian Mines (ASX:AUZ), Norwest Minerals saw an influx of institutional investors into its  $6.6 million initial public offering . Norwest’s projects in Western Australia. Of particular interest was Norwest’s “Bali” copper project in northern WA, where recent rock chip sampling returned high-grade copper of up to 36.8 per cent. Previous shallow drilling also returned high-grade hits of up to 7.17 per cent copper from 17m. Generally speaking, grades of between 1.5 per cent and 6 per cent are considered good, and grades above that are high-grade.

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