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ASX hopeful Tolu wants to replicate K92's PNG success

Papua New Guinea-focused gold company Tolu Minerals, formerly Lole Mining, hopes to list on the Australian Securities Exchange in January – scuttling a planned acquisition by Tempest Minerals – with a pitch to investors that it could be the next K92.

ASX hopeful Tolu wants to replicate K92's PNG success ASX hopeful Tolu wants to replicate K92's PNG success ASX hopeful Tolu wants to replicate K92's PNG success ASX hopeful Tolu wants to replicate K92's PNG success ASX hopeful Tolu wants to replicate K92's PNG success

Tolu’s IPO aims to raise A$15 million at an issue price of $0.50 per share.

"We're targeting going live on the ASX in the early New Year - ringing the bell sometime during January," Tolu managing director Ian Macpherson said at the 16th PNG Mining and Petroleum Investment

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