Metalicity has a diverse portfolio of exploration and development properties in Western Australia. The key asset is the 170Mt Admiral Bay Zinc Project, which has the potential to be a Tier 1 zinc producer. This was a shrewd, ~$3 million bottom of the market acquisition, with funding provided through a $5 million royalty sale to Resource Capital Fund VI. The Company has recently completed a positive Scoping Study, and is now looking for a partner for a planned Pre-Feasibility Study. In parallel Metalicity has been pegging and exploring tenements considered prospective for lithium –the strategy here has been to look at under-explored areas near existing operations and known spodumene resources. Last but not least is Rocky Gully, located in the Fraser-Albany Orogen and which has returned encouraging gold exploration results. To read IIR’s research report on Metalicity please click the link below.
Please sign in to comment on this wire.