Maronan Metals Ltd (AU:MMA) has released an update.
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Maronan Metals Ltd has successfully raised $9M through a share placement and purchase plan to fund resource drilling and advanced mining studies, with strong investor support exceeding targets. Recent flotation tests of lead-silver ores have shown high recoveries and high-grade concentrates, suggesting substantial revenue potential and advantageous processing costs. The company has recommenced drilling in the Starter Zone and is awaiting results that could potentially expand their indicated silver-lead resource base.
For further insights into AU:MMA stock, check out TipRanks’ Stock Analysis page.