Maronan Metals (MMA) Noosa Mining Conference 2026 summary

Key project milestones and progress

• Scoping Study and Preliminary Economic Assessment (PEA) delivered, showing a $377M NPV8 and 37% IRR from mining 22% of the global resource.

• Mineral Development Licence granted within 12 months, enabling Boxcut and exploration decline permitting.

• Kinterra Capital invested A$22M for a 19.99% stake, supporting accelerated drilling and PFS completion.

• 40,000m drilling program underway, with two rigs on site and a third mobilizing in August 2026.

• Prefeasibility Study and updated Mineral Resource Estimate targeted for H2 FY27.

Financial and operational highlights

• Market cap of $124.1M and cash of $33.4M as of June 2026; enterprise value at $90.7M.

• Starter Zone PEA supports a 10-year mine plan at 1.2Mtpa, with compelling economics under both stand-alone and toll treating scenarios.

• Sensitivity analysis shows a $20M NPV increase for every US$1/oz rise in silver price.

• Substantial shareholders include Kinterra Capital (19.99%) and Perth Capital Pty Ltd (8.22%).

Resource and exploration updates

• Global resource exceeds 65Mt (33Mt silver-lead, 32Mt copper-gold), with 122Moz silver, 2Mt lead, 271Kt copper, and 760Koz gold.

• Recent drilling results include high-grade copper-gold and silver-lead intercepts, supporting resource conversion.

• Updated Mineral Resource Estimate and PFS expected in H2 FY27, with ongoing infill and resource conversion drilling.