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MMA - MARONAN METALS LIMITED


nipper
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Maronan Metals Limited (MMA) holds a 100% interest in the Maronan lead silver/ copper gold project (Maronan Project), an emerging large base metal deposit in the world class Carpentaria Province in Northwest Queensland. A maiden, JORC 2012 compliant, Mineral Resource Estimate for Maronan was reported by ASX listed, Red Metal Limited (RDM) in 2015.

In April 2019, as part of a corporate restructure by Red Metal Limited (RDM), ownership of EPM 13368, which makes up the Maronan Project, was transferred to the Company. The Maronan Project is located in Queensland, approximately 60 kilometres southeast of the town of Cloncurry and 156 kilometres from Mt Isa.

On 15 March 2021, RDM announced its intention to undertake a non standard partial spin out and initial public offering of the Company, which was approved by RDM Shareholders at a general meeting of RDM Shareholders held on 25 January 2022.

Listing date 29 April 2022 ; 10:30 AM AEST ##
Company contact details http://www.maronanmetals.com.au/
Principal Activities Minerals exploration
   
Issue Price AUD 0.20
Issue Type Ordinary Fully Paid Shares
Security code MMA
Capital to be Raised $5,500,000
Expected offer close date 22 March 2022
Underwriter Not underwritten. Veritas Securities Limited (Lead Manager)
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