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Metalicity's Admiral Bay float plan flounders

PLANS to spin off Metalicity's majority-owned subsidiary, Kimberley Mining, into the Canadian capital markets off the strength of the world-class Admiral Bay deposit in Western Australia have hit the rocks, and the long-gestating float will not be launched in the foreseeable future.

Haydn Black
Admiral Bay.

Admiral Bay.

Kimberley, which is 81.1% owned by Metalicity, said there were  just 13 mining-related initial public offers in the first half of 2019, raising significantly less cash than 2017 or 2018 at C$8 million...

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