Maronan Metals (MMA) H2 2025 earnings summary

Executive summary

• Achieved significant progress advancing the Maronan silver-lead and copper-gold project, including over 10,000 metres of infill drilling and a major upgrade to the Mineral Resource Estimate (MRE).

• Published an updated MRE, more than doubling the Indicated silver-lead resource and defining the first Indicated copper-gold MRE in the Starter Zone.

• Initiated a Preliminary Economic Assessment (PEA) for the Starter Zone, with results expected in Q1 FY2026.

• Lodged a Mineral Development Licence (MDL) application to enable bulk sampling and underground drilling, targeting construction commencement as early as 2026, pending approvals and funding.

• Strengthened stakeholder relationships and promoted project milestones through conferences and media.

Financial highlights

• Reported a net loss after tax of $8,830,111 for FY2025, compared to $4,543,321 in FY2024.

• Total income from ordinary activities was $258,348, down from $805,428 in the prior year.

• Cash and cash equivalents at year-end were $3,033,460, down from $10,146,100 at June 2024.

• Share-based payment expenses increased to $2,043,832 (FY2024: $65,004), reflecting new option grants.

• No dividends declared for FY2025.

Outlook and guidance

• PEA for the Starter Zone expected to be released in Q1 FY2026.

• Anticipates approval of MDL and environmental permits before end of 2025, enabling potential start of decline construction in 2026, subject to funding.

• Focus remains on progressing towards a definitive feasibility study and future production.