Frontier Diamonds Ltd was incorporated in 2016 as an unlisted Australian public company. The Company has agreements to acquire 74% interest in two producing diamond mines and several development opportunities in South Africa. The Company has lodged its IPO Prospectus with the ASIC and its Listing Application with ASX. The Company expects to be admitted to trading on the official list of the ASX in December 2017.
The company’s IPO Prospectus is seeking to raise between AU$4m and AU$6m through the issue of between 20,000,000 and 30,000,000 ordinary shares at AU$0.20 per share.
Frontier Diamonds Ltd operates as a diamond mining and exploration company. The Company explores and produces diamonds. Frontier Diamonds also specializes in engineering and underground mining operations.