Red Metal's Maronan Spin-off, Sybella Rare Earths Push
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Red Metal Limiteds in-specie distribution of Maronan Metals shares to shareholders, based on a record date of May fourteenth, aims to diversify Maronans ownership and boost trading volume. This move clears the path for Red Metal to focus on their flagship Sybella rare earths project, with a massive inferred resource of four point eight billion tonnes. Sybellas key rare earths like neodymium-praseodymium show promising metallurgical results, and Red Metal is also exploring copper-gold hits at Callabonna and Pulkarrimarra projects.
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