Fuse Minerals has halted its initial public offering, but the company has a range of projects it is planning to undertake. It has already obtained a major exploration licence that can allow it to explore independently or partner with a more established company to do so. Remember that ​​Fuse Minerals is an exploration company focused on discovering mineral resources to support our future economy. As such, the mere discovery of potential sites could generate significant revenues, once proven reserves are shown to buyers. 

Applying a nimble mineral exploration approach, we aim to discover the commodities that are essential for humanity in the 21st Century. The company’s goal is to create a sustainable business that delivers short-, medium-, and long-term returns for our shareholders and its current approach coil generates long-term returns. 

How to Get a Refund 

As the Fuse Offer has been withdrawn and it is no longer fundraising for now, your application has been refunded in full.  In light of this, Fuse Minerals have processed a refund into the bank account you nominated in your application. If you did not nominate a bank account, please follow the steps below to submit your bank account details: 

1. Use the Automic Investor Portal: If you have already registered, enter your username and password and click "log in". If you have not yet registered, click "register" and follow the prompts. Once you have logged in, click on "profile". You can then select "edit" in the Payment Details section. Once you have added your payment details, click "save".

OR

2. Complete the Direct Credit Facility form Should you have any questions about your application, please contact Automic between 8.30 am and 7.00 pm (AEDT) on 1300 288 664 within Australia or +61(2) 9698 5414 from outside Australia, or via email at corporate.actions@automicgroup.com.au.

1. Strong Prospects for its Projects

Mt Sydney Project Overview: This project is located in Western Australia between Nifty, Woodie Woodie, Telfer, Havieron, and Winu It is well known and tenure has been secured. Access to tenure occurs through acquisition or earn-in. Fuse’s tenure represents a significant holding of about 

1,119km², with 484km²  granted operations licence and 635km² under application.

•  Strategic holding (100% - ownership) located in the under-exploited Pilbara Craton - Paterson Province margin in Western Australia.

•  Landholding expanded to 1119km²,  through a 635km² tenement application and 484km² already granted exploration licence.

•  Large-scale multi-discovery potential shows VHMS gossans high-grade polymetallic vein outcrops mineralised breccia and magmatic copper-nickel drill targets across this very large area of tenure.

•  Tier 1 potential – driven by deposits in  Havieron / Telfer / Winu / Woodie Woodie and our immediate neighbour; Cyprium Metals Limited’s (ASX: CYM) Nifty Deposit.

•  Limited past exploration – only 1106m of drilling over 484km²

Mt. Sandiman, W.A: This is situated on the complex boundary of two major tectonic units of Western Australia – the Proterozoic Gascoyne Province and the Palaeozoic Carnarvon Basin.

• Situated on the boundary of two major tectonic units of Western Australia – the Proterozoic Gascoyne Province and the Palaeozoic Carnarvon Basin.

•  Extensive barite veining and the Devonian-aged Gneudna carbonate rocks support Mississippi Valley Type (MVT) deposit potential.

•  Rock chipping confirms base metal association with barite and carbonate rocks up to 6g/t Ag >1% Pb & 0.3% Zn.

•  Multiple gravity highs within sediments with low magnetic response represent potential base metal accumulations warranting drill testing.

Eastern Isaac Project, Central QLD: Three Copper/Gold Projects located in the Isaac region of Central Queensland.

• 25% ownership. 

•  Three Copper/Gold project areas totalling 637km²: Gotthardt (EPM 26984 + EPM 28733. (application): 93km²) Valkyrie (EPM 26991: 254km²) and Hamilton Park (EPM’s 26979 & 27242: 290km²).

•  Gotthardt Range and Valkyrie –mineralisation associated with copper and gold-bearing cretaceous granodioritic intrusions (with historical copper mining) within the Bowen Basin sediments.

•  Hamilton Park – prospective for Epithermal and Porphyry style deposits in rocks of the Conners Arch.

2. Fuse Minerals Has an Experienced Team

Todd Axford – CEO, Managing Director: Mr. Todd Axford has over 25 years of experience across Australasia and Africa as a mining executive and exploration geologist. Mr Axford has gained experience in several technical roles and provided sign-off for a range of ASX-listed companies such as Cobre, Alt Resources, Rimfire Pacific Mining, Torian Resources, Stratum Metals, and Australasian Resources. As the founder, managing director, and principal geologist of the Geko-Co, the director of GITTS - a mineral and metals project company - he has strong experience in the sector. 

Stephen Francis Pearson – Non-Executive Director: 

Mr. Pearson is a geologist with over 15 years of experience across several commodities. Together with Mr. Axford, he is equally the director of GTTA. He was previously a consulting exploration geologist at various locations throughout Australia. Mr Pearson is currently a contract exploration manager for numerous ASX-listed and private companies in Australia, bringing a great deal of commercial and technical experience to the Fuse Minerals Team. 

Nyunggai Warren Stephen Mundine AO – Non-Executive, Independent Director and Chairperson: Mr. Mundine AO is a well-respected and influential businessman and an advocate for empowering indigenous people in Australia to build businesses and sustainable companies. With over 40 years of experience working in the public, private, and community sectors, he has successfully advised successive Australian governments since 2004 and was Chairman of the Prime Minister’s Indigenous Advisory Council from 2013 to 2017  after a long career in public policy, business, arts, and community sectors. In addition to this, he is also the managing director of Nyungga Black Group, Chairman of the Australian Indigenous Education Foundation, Governors of the committee of Economic Development of Australia, director of Aura Energy (ASX: $AEE), and director of the Indigenous Forum at the Centre for Independent Studies.

3. High Copper Prices Will Support Mineral Prices

Rare earth minerals and other minerals are vital for the energy transition and higher copper prices equally suggest that revenues could rise over the medium term. Better exploration prospects will increase the premium for mineral-rich sites, boosting revenue and allowing Fue Minerals to expand effectively. 

Fuse Minerals Ltd has suspended its IPO, but the company has strong fundamentals, an experienced team, and a supportive macroeconomic backdrop that will support its prospects over the medium to long run With the distraction from the IPO out of the way, the company can focus on exploiting its high-potential sites and create sustained long-run value.