Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Maronan Metals Ltd (MMA.ASX) |
|---|---|
| Release Time | 29 Jan 2026, 8:28 a.m. |
| Price Sensitive | Yes |
Maronan Metals Delivers Quarterly Progress Update
- Addressed all requirements for environmental approvals supporting the Mineral Development Licence application
- Advanced surface drilling to support resource growth and mine development plans
- Metallurgical testwork demonstrated stronger gold recoveries
The December 2025 quarter marks another strong period of progress for Maronan Metals as the company continues to advance the high-grade, silver-rich Maronan deposit into a mine. Key milestones achieved during the quarter include addressing all requirements for environmental approvals supporting the Mineral Development Licence application, advancing surface drilling comprising infill and geotechnical drilling to support resource growth and mine development plans, and completing metallurgical testwork that demonstrated stronger gold recoveries compared to historical results. The company also continued to progress technical and operational programs, including updating an internal Extended Life of Mine Plan beyond the initial 10-year starter zone, and completed a strongly supported capital raise to strengthen its balance sheet. With the environmental assessment process now complete and the Mineral Development Licence application under assessment, the company remains confident that the MDL will be granted during the March 2026 quarter. As Maronan enters 2026, its focus is firmly on securing approvals for the boxcut and decline to further accelerate development activities. The company is well positioned to progress into the next stage of development and deliver long-term value for shareholders, supported by favourable market conditions and the consistently high-quality execution delivered by the Maronan team.
The company has not provided any high-importance, price-sensitive forward-looking financial metrics in this announcement.
As Maronan enters 2026, the company's focus is firmly on securing approvals for the boxcut and decline to further accelerate development activities. With a high-grade project advancing toward mine readiness and strong underlying demand for silver, the company is well positioned to progress into the next stage of development and deliver long-term value for shareholders.