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Lustrum has a focus on coal exploration

Lustrum completes $5m initial public offer

Shares in Subiaco-based Lustrum Minerals are due to start trading tomorrow after the company completed a $5 million initial public offering to fund development of its coal projects in Queensland.

The company has issued 25 million shares at 20 cents each, with PAC Partners acting as the lead manager for the offer.

“The company’s main objectives upon completion of the offer are to commence a works program to define further coal mineralisation on the tenements, focusing primarily on drilling and metallurgical evaluation,” Lustrum said.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Revenue

th-Lustrum Minerals$0
491 listed resources companies ranked by revenue.
Source: Morningstar

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