Dacian Gold has been admitted to the Australian Securities Exchange’s official list, after completing a $20 million initial public offering last week.
Dacian is the 10th listing for Perth and the 17th listing nationwide this financial year.
The float is the year’s largest for gold, with the funds earmarked to advance exploration at the Mount Morgans project near Laverton.
The Mount Morgans project has a JORC compliant gold resource of 842,000 ounces.
Dacian is chaired by former Avoca Resources boss Rohan Williams.
At close of trade today, Dacian gold shares were trading at 55 cents, up from the IPO price of 50 cents per share.
By Dan Wilkie
