Cobar Basin · NSW Australia · ASX IPO 2026

Peel Mining Legacy

The track record, transaction, and historical archive connecting Peel Mining’s Cobar Basin success to Spectre Metals.
Peel Mining Overview
Peel Mining Limited was an ASX-listed exploration company that built a substantial Cobar Basin tenure portfolio over more than a decade of systematic exploration. The company’s work programmes identified multiple mineralised systems and advanced several prospects toward resource definition.

Peel Mining’s greatest strength was its technical team — geologists with deep Cobar Basin expertise who understood the structural architecture and metallogeny of this world-class mineral district. That same team now drives Spectre Metals’ exploration programmes.
The spin-out of Spectre Metals represents the next chapter: a focused, well-capitalised explorer carrying forward Peel’s tenure, data, and discovery expertise.

The Transaction

Peel to Spectre

1

Peel Mining Board Approval

Peel Mining Board Approval

2

Asset Transfer Agreement

Southern Nights Complex, regional tenements, and associated technical data transferred to Spectre Metals.

3

Share Distribution

Peel Mining shareholders receive an in-specie distribution of Spectre Metals shares on a pro-rata basis.

4

Capital Raise & IPO

Spectre Metals undertakes an IPO and capital raise to fund exploration and listing on the ASX.

5

ASX Listing

Spectre Metals commences trading on the ASX as an independent Cobar Basin explorer.

From

Peel Mining

ASX-listed Explorer

To

Spectre Metals

New ASX IPO 2026

Track record

Relevant Historical Projects

Wagga Tank

Peel Mining discovery in the Cobar Basin with significant copper-gold intercepts.

Muriel Tank

Gold and base metal prospect identified through regional exploration programmes.

May Day Project

Historic copper-gold workings advanced by Peel Mining with modern exploration techniques.

Cobar Superbasin Tenements

Extensive tenure package consolidated by Peel Mining across the Cobar Superbasin.

Library

Reports & Documents

Title Type Year Published
Prospectus
2026
Presentation
2026
Announcement
2026
Report
2026

Ready to Explore the Opportunity?

Download the full Spectre Metals Investor Presentation for the complete investment thesis, resource data, and IPO strategy.