Looks like 51.8 cents. If that 's AU$, then 53.8 cents US. Also, there is .4 of a warrant attached to each AU share, which would be 8 warrants/ADR, so depending on how you value the warrants, the stock price is slightly less.
From today's prospectus:
USE OF PROCEEDS
We estimate that the proceeds of the offering will be approximately $2,870,000 after deducting estimated placement agents’ fees and expenses relating to the offering. We intend to use the net proceeds to conduct development of our North Stockyard project in Williams County, North Dakota.