Maronan IPO brings focus to large polymetallic potential

AFTER around two years preparation, Red Metal has announced that the prospectus for the spin-out of its advanced Maronan lead-silver copper-gold project in Queensland’s Carpentaria Province has opened.

Maronan IPO brings focus to large polymetallic potential Maronan IPO brings focus to large polymetallic potential Maronan IPO brings focus to large polymetallic potential Maronan IPO brings focus to large polymetallic potential Maronan IPO brings focus to large polymetallic potential

Prior drilling at Maronan

Maronan Metals is seeking to raise A$12-15 million at 20c via its initial public offer, with Red Metal to retain 55.55% of the demerged vehicle. It is a much smaller IPO than was flagged last year.

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