When a company decides to list on the stock exchange, there are a number of requirements to address, often within tight timeframes, to ensure the prospectus is ready for release and the listing can proceed on the specified date.

Pilot Partners has helped many companies in different industries to prepare for their ASX listing, through the provision of company audits, independent accountants reports, and specialised taxation advice.

Background

Revolver Resources (ASX: RRR) is an Australian listed copper exploration company focused on the development of natural resources for the world’s accelerating electrification.

The Pilot Corporate Advisory team’s association with Revolver Resources began with an Audit engagement a number of years ago, which led to Pilot being chosen as the trusted advisors to assist with the ASX listing to fund the development of two copper projects in North Queensland.

Solutions from Pilot

Pilot played a key role in preparing Revolver for their listing, with the first task conducting historical audits of the group. This was followed by preparation of the Investigating Accountant’s Report for the prospectus. In addition to this, the Taxation Services team at Pilot provided specialist tax advice regarding the structure of the listing transaction.

Chris King, Corporate Advisory Director, attributes the positive working relationship between Pilot and Revolver to Pilot’s strong understanding of the key individuals’ needs, as well as Revolver’s business objectives. This, along with a true team approach to the engagement, enabled a highly responsive service from Pilot. “Throughout the entire pre-listing process, Pilot’s approach has always been to ensure a deep understanding of what the directors and the company are trying to achieve, to be able to provide proactive and timely advice, and help Revolver foresee any potential future issues,” Chris explained.

Pat Williams, Managing Director, Revolver Resources Holdings Ltd, agrees the Revolver team felt very comfortable with the fit of the Pilot team.  “The Pilot team worked extremely well with us. Whilst each client would no doubt be different, Pilot seem to get our particular approach and their DNA works well with that of the Revolver team.”

Looking Ahead

Working as part of the wider advisory team including lawyers, brokers, and other advisors, provides Pilot with the right knowledge and visibility of current and future opportunities, so the team can ensure all bases are covered.

Going forward Pilot will be the auditor of the listed entity and as Revolver Resources’ needs evolve, Pilot will be there to provide timely, relevant advice to help the firm during its next phase.

About Revolver Resources

Revolver Resources has copper projects located in premier polymetallic provinces, the North-West Minerals Province and the Hodgkinson province located in northern Queensland.

Their portfolio includes the Dianne Project, a near-term production prospect north-west of Cairns comprising six mining leases and an exploration permit, and the Osprey Project, consisting of six exploration permits north of Mount Isa with established prospectivity for IOCG and Mount Isa style targets.

Following their listing, new work programs are being accelerated at both projects, in parallel, to better quantify the known resources.

Revolver’s leadership team has extensive experience in the natural resources sector and has established strong connections with all relevant stakeholders including landholders, traditional owners, community representatives and government.

To learn more about Revolver Resources, visit revolverresources.com.au

Learn More

For more information on how Pilot can assist in getting your entity ready for listing, contact Chris King on cking@pilotpartners.com.au or (07) 3023 1300.