Fuse Minerals Ltd

Fuse Minerals Limited (ASX:FSE)

Offer Price

A$0.200

per share

Offer Size

A$10,000,000

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Fuse Minerals Ltd

IPO

Fuse Minerals Limited (ASX:FSE)

FUS1

Lead Manager

Offer Price

A$0.200

per share

Offer Size

A$10,000,000

IPO

Fuse Minerals Limited

Offer Details

Offer Price (Per Share)

A$0.200

Offer Size

A$10,000,000

Shares Available

50,000,000

For an initial public offer of up to 50,000,000 Shares to be issued at a price of $0.20 per Share to raise a minimum of $6,000,000 and a maximum of $10,000,000 (before costs)

Mt Sydney, WA

  • Strategic landholding (100%-ownership)– located on the under-explored Pilbara Craton - Paterson Province margin in Western Australia.
  • Landholding expanded to 1119km² – via a 635km² tenement application combined with the original 484km² granted exploration licence.
  • Large-scale multi-discovery potential– Fuse’s work to date shows VHMS gossans high-grade polymetallic vein outcrops mineralised breccia and magmatic copper-nickel drill targets across this very large area of tenure.
  • Tier 1 potential – supported by deposits such as: Havieron / Telfer / Winu / Woodie Woodie and our immediate neighbour; Cyprium Metals Limited’s (ASX: CYM) Nifty Deposit.
  • Limited past exploration – only 1106m of drilling over 484km²

Mt Sandiman, WA

  • Situated on the complex boundary of two major tectonic units of Western Australia – the Proterozoic Gascoyne Province and the Palaeozoic Carnarvon Basin.
  • Extensive barite veining and the Devonian aged Gneudna carbonate rocks support Mississippi Valley Type (MVT) deposit potential.
  • Rock chipping confirms base metal association with barite and carbonate rocks up to 6g/t Ag >1% Pb & 0.3% Zn.
  • Multiple gravity highs within sediments with low magnetic response represent potential base metal accumulations warranting drill testing.
Mt Sandiman, WA

Eastern Isaac, QLD

  • 25% ownership with option to earn up to 80% of the Project.
  • Three Copper/Gold project areas totalling 637km²: Gotthardt (EPM 26984 + EPM 28733 (application): 93km²) Valkyrie (EPM 26991: 254km²) and Hamilton Park (EPM’s 26979 & 27242: 290km²)
  • Gotthardt Range and Valkyrie –mineralisation associated with copper and gold bearing cretaceous granodioritic intrusions (with historical copper mining) within the Bowen Basin sediments
  • Hamilton Park – prospective for Epithermal and Porphyry style deposits in rocks of the Conners Arch

Board and Management

Mr Warren Mundine AO

Mr Warren Mundine AO

Non-Executive Chairman

Mr Mundine AO is a highly respected and influential businessman, political strategist and advocate for empowering the Indigenous people of Australia to build businesses and sustainable economies. He has more than 40 years’ experience working in the public, private and community sectors. He has advised successive Australian governments since 2004 and his appointment as Chairman of the Prime Minister’s Indigenous Advisory Council from 2013 to 2017 follows a long career in the public, business, policy, arts and community sectors.

In addition to his role with Fuse, he is currently chairman and managing director of Nyungga Black Group, chairman of the Australian Indigenous Education Foundation, Governor for the Committee for the Economic Development of Australia, director of Aura Energy (ASX:AEE), and director – Indigenous Forum at the Centre for Independent Studies.

Mr Todd Axford

Mr Todd Axford

Managing Director

Mr Axford is a founder of the Company and has more than 25 years' experience across Australasia and Africa as a mining and exploration geologist. Mr Axford has held various technical manager roles in, and provided competent person sign-off for, ASX-listed entities, including Cobre, Alt Resources, Rimfire Pacific Mining, Torian Resources, Stratum Metals, and Australasian Resources.

Mr Axford is a founder, managing director and principal geologist of geological services company Geko-Co, as well as a director of GTTS, a minerals and metals project generation company.

Mr Axford holds a Bachelor of Science specialising in Geology and Physical Geography from the University of Wollongong along with a Graduate Diploma in Project Management from Curtin University.

Mr Stephen Francis Pearson

Mr Stephen Francis Pearson

Non-Executive Director

Mr Pearson is an exploration geologist with more than 15 years' experience across multiple commodities.

Together with Mr Axford, Mr Pearson is a director of GTTS. Prior to this, Mr Pearson was engaged as a consulting exploration geologist at various locations throughout Australia.

Mr Pearson is currently a contract exploration manager for numerous ASX listed and private companies throughout Australia.

Mr Pearson holds a Bachelor of Science (Hons) in Applied Geology from the Camborne School of Mines at the University of Exeter in the United Kingdom.

Mr Vernon Tidy

Mr Vernon Tidy

Mr Tidy has over 38 years' industry and assurance experience and was formerly an audit partner with EY. In that capacity,

Mr Tidy was the leader of EY's Perth office’s mining and metals industry group, responsible for all service lines to that industry.

Mr Tidy has previously acted as a non-executive director and chair of Oakland Resources Limited (ASX:OKL) from July 2010 to May 2013 and non-executive director and later acting chair of Avanco Resources Limited (ASX:AVB) from July 2015 to August 2018.

Mr Tidy has also been involved in multiple initial public offerings and back door listings.

Mr Tidy is a Fellow of the Institute of Chartered Accountants and a Graduate Member of the Australian Institute of Company Directors.

Offer Documents

By attempting to download a copy of the Prospectus you agree that: Applications for shares offered by the Prospectus pursuant to the Offer must only be made after downloading the Prospectus in its entirety, including any online applications.  Any paper application form must only be printed and circulated with a complete copy of the Prospectus.

Fuse Minerals Ltd

IPO

Fuse Minerals Limited (ASX:FSE)

FUS1

Offer Price

A$0.200

per share

Offer Size

A$10,000,000

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