Metalicity Ltd (ASX:MCT) – a company mainly focused on development of the Kookynie and Yundamindra gold projects in Western Australia – has announced its proposal to sell off its Admiral Bay zinc project, one of the largest zinc resources in the world, which is located in the same state. Metalicity holds a majority – that is to say, 80.3% – interest in the project through subsidiary Kimberley Mining, and on Friday it told the market that stockbroker Argonaut PCF Ltd had been appointed to seek all indicative offers for the play. Located in the Kimberley region’s Canning Basin, Admiral Bay holds…