• Maronan signs non-binding MoU with Austral Resources to evaluate potential toll treatment at Rocklands processing facility
• Collaboration aligns with Maronan's strategy to evaluate cost-effective processing options for its Silver-Lead and Copper-Gold mineralisation
• MoU is non-exclusive and non-binding; any future agreement remains subject to due diligence

Maronan Metals Limited (ASX: MMA) has entered into a non-binding Memorandum of Understanding (MoU) with Austral Resources Australia Ltd (ASX: AR1) to jointly evaluate the potential toll treatment of ore from the Maronan Project at Austral's Rocklands processing facility near Cloncurry, Queensland. Austral's recently acquired facility presents a potential opportunity for third-party toll treatment, which will be jointly assessed under the terms of the MoU. The MoU provides Maronan with a low-capital pathway to assess regional processing options for its Silver-Lead and Copper-Gold mineralisation. The scope of evaluation includes metallurgical compatibility and processing performance, infrastructure and logistics requirements, commercial tolling structures and pricing frameworks, regulatory and permitting pathways, and alignment of project development timelines and approvals. The MoU is non-binding, non-exclusive, and does not commit either party to proceed with a formal transaction. Any binding arrangement will be subject to due diligence, metallurgical testwork, feasibility analysis, and the execution of definitive agreements.

The collaboration with Austral represents a meaningful step in advancing development options for the Maronan Project by leveraging regional infrastructure and partnerships.