Dampier Gold has made a successful debut on the ASX listing at a 22 per cent premium to its 50 cent issue price.

Shares in the aspiring gold miner hit the boards at 61 cents this morning and were holding their price at 11.45am albeit on very low volumes.

Led by non-executive chairman Russell Skirrow, chief executive Julian Stephens and a host of experienced directors including geologist Phil Retter, Dampier is raised $20 million in its IPO.

The company bought the Plutonic greenstone belt from gold mining giant Barrick.

Barrick will keep its underground mine and processing facility and will process all Dampier’s ore.

The Pluonic belt is 60km long and 10km wide and has produced 4.7 million ounces of gold to date.
Dampier hopes to capitalise on the limited exploration of the area.