Hamilton Locke has advised Daly Resources Limited (ASX:DLY) on its successful listing on the Australian Securities Exchange, raising $12 million to advance its next phase of exploration and development at its Northern Territory projects.
Daly Resources is an Australian exploration company focused on advancing a portfolio of fluorite, copper and zinc prospects in the Northern Territory. Proceeds of the IPO will fund a dedicated fluorite exploration strategy at the Huckitta project, alongside broader exploration activities across the Company’s copper and zinc prospects.
Commenting on the transaction, Hamilton Locke partner Shaun Hardcastle said: “We are pleased to have supported Daly Resources on its successful ASX listing. With fluorite increasingly recognised as a critical mineral essential to AI infrastructure and semiconductor technology, Daly Resources is well-positioned to deliver significant value as it advances its exploration portfolio in the Northern Territory.”
Hamilton Locke’s team provided strategic legal guidance throughout the IPO process, including regulatory compliance, prospectus preparation, and ASX admission requirements.
The Hamilton Locke team was led by Partner Shaun Hardcastle and Special Counsel Daniel Owen, with assistance from Lawyer Tom Lewsey, who worked closely with Daly Resources to successfully complete the ASX listing.
