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Could these four small cap resources standouts become takeover targets?
Mining

5 hours ago | Josh Chiat

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But facing strong demand for commodities and a lack of discovery, juniors with commercial deposits could be of interest.

Even relatively small players are currently commanding interest, especially in the battery space, with Essential Metals (ASX:ESS) accepting a $136 million cash bid from majors IGO (ASX:IGO) and Tianqi to acquire the company and its small Dome North lithium project in January this year.

“I think you’ve got so much demand for some of those metals it’s just this tailwind where we’ve seen a lot of explorers trying to find something, and spending a lot of money to really try and identify new deposits that are commercial,” Bosio said.

“So for the companies that have been able to successfully make discoveries, and really hook into a commercial scale deposit, it becomes very, very attractive for a large company to come in and take control of that.”
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