MMA – Maronan Metals | Aussie Stock Forums

Maronan Metals Limited 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 south-east 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.

It is anticipated that MMA will list on the ASX during April 2022.