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Advance Metals and Sky Metals plan new gold explorer with $6 million IPO

9:24am on Friday 13th of November, 2026 AEDT • Mining
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Advance Metals and Sky Metals plan new gold explorer with $6 million IPO

9:24am on Friday 13th of November, 2026 AEDT
Key Points
  • Five Victorian and New South Wales gold projects would be transferred into NewCo
  • NewCo is targeting a $6 million IPO at $0.20 per share
  • Advance Metals would receive 30 million NewCo shares
  • Sky Metals would receive 15 million NewCo shares
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