Japanese investor turns to Kidman IPO

Japanese investment group Jinji Resources has added Kidman Resources to its portfolio after injecting seed capital into the explorer ahead of its Australian Stock Exchange debut.

Kidman hopes to raise at least $4 million through its initial public offering to help fund exploration in the Northern Territory and in NSW’s Lachlan Ford Belt, adjacent to tenements held by Jinji’s other key investment, Kimberley Metals.