CAPITAL MARKETS

Former Marindi assets foundation for Forrestania IPO

HAVING successfully raised A$5 million to explore for gold and rare earths via Mt Monger Resources in June, John Hannaford and David Izzard are looking to do it all again with plans to focus on assets deemed non-core by Firefly Resources.

The Great Southern pit

The Great Southern pit

Firefly, which has elected to merge with Gascoyne Resources and spin out other assets as Firetail Resources, had signed a cash and share option earlier this year with Hannaford and Izzard for legacy licences...

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