Armada Metals explores ASX listing, mandates brokers Save Share Metals explorer Armada Metals is ramping up preparations for life on the ASX boards, mandating PAC Partners and Canaccord Genuity to oversee its initial public offering. Armada Metals is expected to seek to raise $10 million in the post reporting season floats rush, with funds raised to go towards trying to discover commodities in under-explored parts of Africa. Armada Metals Ltd is preparing to drill a multi-target project looking for nickel and copper sulphides in Gabon. Â Paul Jones Pre-existing investors Cobre Ltd and Metal Tiger, both listed on the ASX, are expected to maintain or increase their stakes, along with mining-focused investment house Resource Capital Funds.