Red Metal Limited

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Home Investors ASX Announcements Mallapunyah Zinc Joint Venture with MMG Exploration Pty Ltd
Mallapunyah Zinc Joint Venture with MMG Exploration Pty Ltd
Red Metal is pleased to announce it has advanced the prospective Mallapunyah zinc project located in the McArthur Basin region of the Northern Territory, with the execution of an option and joint venture agreement with MMG Exploration Pty Ltd, a subsidiary of global miner MMG Limited (MMG).
 
Red Metal is excited by the entry of such a high quality joint venture partner on a project the company believes holds much promise.
 
MMG bring strong local mining expertise having recently commissioned the large Dugald River zinc-lead-silver mine in Northwest Queensland and previously owned the giant Century zinc-lead-silver operation. Importantly, MMG have active zinc exploration programs in the McArthur Basin region and good working relationships with the local communities.