MAC raised A$325m at the top of the indicative price range. This was the largest mining listing on the ASX in over 5 years.

Ashanti Capital is pleased to have acted as Co-Manager alongside Canaccord Genuity Australia and Barrenjoey as Joint Lead Managers.

Proceeds of the Offer will be used for further development of the Company’s CSA Copper Mine in NSW, to pay a deferred payment due to the previous owner of the CSA Copper Mine, Glencore, to fund growth opportunities at CSA, for working capital and costs of the Offer.

Importantly, the ASX IPO will allow MAC to pursue a range of organic and inorganic growth opportunities in Australia and globally to continue building shareholder value.

CEO, Mick McMullen, commented: “The listing is an important milestone for the Company as we continue to expand and work towards our long-term goal of owning and operating multiple metals and mining assets that are critical to the electrification and decarbonisation of the global economy and become a notable player in the industry.”