Red Metal Limited
Maronan Metals Spin-Out
Maronan Metals Spin-Out: Silver-Lead & Copper-Gold
Red Metal holds 88.5 million shares in Maronan Metals Limited (ASX: MMA) that owns the emerging Maronan silver-rich lead and copper-gold project located in the world class Carpentaria Minerals Province in Northwest Queensland.
Recognition of the Maronan Project as an early development opportunity for silver in Australia is growing and this, coupled with stellar increases in the silver, gold and copper price has recently propelled the MMA share price.
The Maronan Project’s mine friendly environmental and social setting together with its favourable mine geometry, simple metallurgy, high silver grades and associated large copper-gold deposit stand it apart from its silver peers.
A recently released Preliminary economic Assessment (Scoping Study) on the shallow Stater Zone ores, and the grant of a Mine Development Licence, support this exciting project’s early development potential.
Orthographic view showing the PEA mine design for the Maronan Project in relation to the Silver-Lead and Copper-Gold mineralisation (refer to Maronan Metals ASX announcement dated 25 September 2025). Access is planned via a boxcut and decline.