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George Bauk says the raising allows Northern Minerals to deliver on plans to produce dysprosium from Browns Range next year.

Juniors raise $14m

Aspiring lithium miner Lepidico has attracted backing from Galaxy Resources as part of a $7 million capital raising, while Northern Minerals and Musgrave Resources have tapped their respective investors for a combined $7 million.

Lithium miner Galaxy will subscribe for $2.9 million in Lepidico shares by way of a private placement priced at 1 cent a share.

Lepidico also plans to raise a further $4 million through a one-for-six entitlement offer at the same price as the placement, with Galaxy to also participate in that component of the raising.

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Lepidico (LPD)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
334thTamaska Oil & Gas5%-42%
530thLepidico-23%-28%
588thLegacy Iron Ore-34%-44%
759thLiontown Resources-67%-23%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

02/10/17
$0 Other
20/04/17
$10k Issued
20/04/17
$173 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

191st↑Lepidico$216k
325th↑Zamanco Minerals$8k
327th↓Tamaska Oil & Gas$8k
329th↑Legacy Iron Ore$7k
330th↓Liontown Resources$7k
489 listed resources companies ranked by revenue.
Source: Morningstar

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