CAPITAL MARKETS

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.

 Prior drilling at Maronan

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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