The mining executive that listed gold and copper explorer Doray Minerals a decade ago – which was bought by Silver Lake Resources last year – is back with another initial public offering.

This time around it's gold play Miramar Resources, which has a bunch of exploration projects in the Eastern Goldfields and Murchison regions of Western Australia.

It is understood Miramar has tapped Shaw and Partners for its float and the company would look to raise up to $8 million for the offer. A prospectus is expected to be lodged with the regulator this week.

Miramar counts ex-Doray Minerals managing director Allan Kelly as its executive chairman.

It was Kelly that took Doray public in 2009, again with help from Shaw and Partners – then known as Shaw Stockbroking. Doray was bought by Silver Lake in April last year, in a deal that valued it at about $160 million.

Article source: AFR, 31 August 2020