• Starter Zone Silver-Lead MRE increased 2.5 times to 5.3 Mt at 5.2% lead, 116 g/t silver
• Maiden Indicated Copper-Gold MRE of 1.6 Mt at 0.77% copper, 0.67 g/t gold
• Global Silver-Lead MRE of 33.1 Mt at 6.0% lead, 108 g/t silver

Maronan Metals Limited has announced an updated Mineral Resource Estimate (MRE) for its Maronan Silver-Lead and Copper-Gold deposit. Infill drilling within the shallow Starter Zone has more than doubled the tonnage of the Indicated Silver-Lead MRE to 5.3 Mt at 5.2% lead and 116 g/t silver. Additionally, the infill drilling has outlined a maiden Indicated Copper-Gold MRE of 1.6 Mt at 0.77% copper, 0.67 g/t gold and 10 g/t silver within the Starter Zone. The company's global Silver-Lead MRE now stands at 33.1 Mt at 6.0% lead and 108 g/t silver. Maronan's Managing Director commented that the significant increase in the Indicated resource base is a major milestone in the company's quest to turn the Maronan discovery into a mine. The strong geological and grade continuity of the bedded lead-silver and copper-gold mineralization has allowed for a near 100% conversion of resources from Inferred to Indicated category with no significant change in tonnage, grade or total metal content. This robustness increases the company's confidence in the mineability of the larger global MRE.

The company stated that the updated Mineral Resource Estimate provides an excellent platform for updating mining studies and associated project economics for the Maronan project.