Osmond Resources hits boards at a premium

OSMOND Resources shares listed at a

17.5 per cent premium on Friday following the company raising $5m from investors.

The explorer is targeting nickel, gold and base metals across two projects in western South Australia and one in western Victoria.

On a negative day for the broader market, Osmond shares, issued at 20c, closed at 23.5c, a 17.5 per cent premium.

Osmond CEO Andrew

Shearer, a geologist, said nickel exploration would be the primary focus for the company initially.

“The board is excited by recent developments in these frontier areas for gold and base metals and the potential of the Osmond’s projects,’’ he said.

“Osmond has an experienced board with extensive corporate experience and a strong track record in creating shareholder value through successful mineral exploration, project development and mergers and acquisitions.”