Red Metal seeks to spin-out Maronan

MINNOW Red Metal is set to test the market’s appetite for its large Maronan lead-silver-copper-gold deposit near Cloncurry in Queensland.

Red Metal seeks to spin-out Maronan Red Metal seeks to spin-out Maronan Red Metal seeks to spin-out Maronan Red Metal seeks to spin-out Maronan Red Metal seeks to spin-out Maronan

Maronan core from earlier drilling

The company is working with lead manager Veritas Securities to raise up to A$36 million to fund the spin out of Maronan, which it says is one of the largest undeveloped silver resources in Australia

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