• Mineral Development Licence (MDL 2028) granted for Maronan Silver Project
• Strong metallurgical test work results for Copper-Gold ore
• Continued progression of technical and development workstreams

Maronan Metals Limited ('Maronan' or the 'Company') provided the March 2026 Quarterly Activities Report, highlighting several key achievements. The most significant event was the grant of Mineral Development Licence 2028 (MDL 2028) by the Queensland Government, which materially strengthens the project's regulatory position and allows for activities such as underground exploration, bulk sampling, and metallurgical testing. The Company also reported strong metallurgical test work results for Copper-Gold ore, with gold recoveries up to 88% and copper recoveries exceeding 96% for primary ore types. Maronan continued to progress technical and development workstreams, including feasibility-related studies, and strengthened its leadership team with the appointment of a Chief Financial Officer and Compliance & Contracts Manager. The Company remains well capitalized following a $17.6 million capital raise and is focused on advancing the Maronan Project toward development, with key near-term milestones including finalizing a landholder compensation agreement, additional surface drilling to grow the Indicated Resource base, and preparation for a future Mining Lease application.

The Company is well-positioned to continue advancing the Maronan Project, with a focus on finalizing a landholder compensation agreement, conducting additional surface drilling to enhance the Indicated Resource base, and progressing technical work in preparation for future Mining Lease applications and development decisions.