Botswana firm lists on Australian Securities Exchange
Falcon Metal Resources Botswana becomes the first citizen-owned company to list on the ASX, raising capital for exploration.
Falcon Metal Resources Botswana (FMRB) became the first 100% citizen-owned company to list on the Australian Securities Exchange (ASX) this Wednesday. The listing is part of a capital-raising effort to expand exploration across its mining licences in Botswana’s mineral belts. FMRB's initial public offering took place alongside those of international companies like Israel’s Identifai Genetics.
The listing is managed through FMRB's Australian partner, Jacaranda Natural Resources (JNR), enabling them to combine resources for exploration and development in both countries. Both companies operate in jurisdictions highly rated for mining policy, including political stability and infrastructure, according to the Fraser Institute. FMRB is exploring for copper, gold, diamonds, and iron ore in Botswana.
FMRB has already originated and advanced eight exploration assets in Botswana through the JNR listing pathway. The company is now focused on building its independent portfolio, including the PL 245/2025 licence on the Kalahari Copperbelt and the Moiyabana iron ore project on PL 119/2025. Its diamond interests are in the Orapa Kimberlite Field under licence PL 181/2024.