Ilala Metals
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Ilala Metals is a Subiaco, Australia uranium and copper exploration company founded in 2022. Led by managing director Richard Henning, it holds 100% stakes in multiple Botswana copper and uranium leases covering 13,177 square kilometres — including the Serule uranium project next to Lotus Resources' Letlhakane property and the Central copper project in the Kalahari Copper Belt — plus a lithium-tantalum project in Namibia. It had raised about $544,000.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Ilala Metals was founded in Australia as a uranium and copper explorer focused on Botswana projects.
- ASX IPO launched and cancelled
In August 2024 Ilala opened an initial public offering to raise AU$5 million (up to AU$8 million with over-subscriptions) under proposed ASX code IL1 to fund drilling at Serule; the IPO was subsequently cancelled and the company remains private.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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