• Managing Director Mr Richard Carlton to step down effective 1 December 2026
• Formal search for new Chief Executive Officer and Managing Director commenced
• Mr Carlton to remain actively involved to ensure continuity and project advancement

Maronan Metals Limited (ASX: MMA) has announced a planned leadership transition as the company enters the next phase of the Maronan Silver Project. The Board and Managing Director Mr Richard Carlton have agreed that Mr Carlton will step down as Managing Director effective from 1 December 2026, having led the company since its ASX listing in April 2022 through key milestones including the Preliminary Economic Assessment, grant of the Mineral Development Licence and significant resource-upgrade drilling programs. A formal search for a new Chief Executive Officer and Managing Director to lead the company through the next stages of feasibility studies and mine development has commenced. Following his transition from Managing Director, Mr Carlton will remain actively involved with Maronan ensuring continuity and ongoing advancement of the Maronan Silver Project. The Board is also assessing opportunities to further evolve its composition to ensure it remains appropriate for the company's next development stage.

Maronan is preparing for the next phase of advancement of the Maronan Silver Project, with the leadership transition and search for a new CEO and Managing Director to ensure the company has the right leadership and governance structure in place to take the project forward.