Musgrave Minerals' initial public offering ('IPO') closed fully subscribed with a maximum oversubscription of $5 million, raising $20 million before expenses.

We listed on the Australian Securities Exchange on 29 April 2011.

Musgrave Minerals has a powerful shareholder base. Mithril Resources Ltd (MTH: ASX), Independence Group NL (IGO: ASX), Goldsearch Ltd (GSE: ASX), Integra Mining Ltd (IGR: ASX) , Argonaut Resources Ltd (ARE: ASX) and Barrick (PD) Australia Ltd vended in their tenements across the South Australian portion of the Musgrave Province in return for a stake in the dedicated explorer.

The Company is focused on the acquisition, exploration and development of mineral projects in the Musgrave region of South Australia.

Musgrave Minerals has a massive footprint in the Musgrave Province - one of the least explored exploration frontiers in Australia. We have tenements covering an area of 50,000km2 - approximately 5 per cent of South Australia.

Musgrave Minerals has already successfully completed an initial phase of exploration - using seed capital from the cornerstone investors - and has identified new mineralisation, delineated new drill targets and advanced a number of conceptual targets to a drill test phase.

Our management will direct funds towards drilling high priority targets with geological mapping, sampling programs and VTEM aerial surveys and ground geophysical follow-up programs scheduled to develop a series of quality targets.
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Musgrave Minerals Limited (ASX:MGV)
Company Directors
Mr Graham Ascough (Non-Executive Chairman)
Mr John Percival (Non-Executive Director)
Mr Kelly Ross (Non-Executive Director)
Mr Robert Waugh (Managing Director)
Contact Information
Phone: (08) 8378 8200
Email:
Website:

Address
c/- HLB Mann Judd (SA) Pty Ltd, 82 Fullarton Road , NORWOOD, SA, Australia, 5067
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