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Red Metal Limited ( (AU:RDM) ) has provided an update.
Maronan Metals Ltd, partially owned by Red Metal Limited, has released a Preliminary Economic Assessment for the underground development of the Starter Zone at the Maronan deposit. The study indicates a strong economic case for the project, highlighting a long life, diversified polymetallic operation with a high-grade silver resource. The preferred development pathway involves constructing a standalone processing facility, with potential for expanded production and improved project economics.
More about Red Metal Limited
Red Metal Limited is a company operating in the mining industry, primarily focusing on the exploration and development of mineral resources. The company holds a significant shareholding in Maronan Metals Ltd, which is involved in the development of a polymetallic deposit.
Average Trading Volume: 284,609
Technical Sentiment Signal: Buy
Current Market Cap: A$53.99M
See more data about RDM stock on TipRanks’ Stock Analysis page.