• Continuous silver-lead results supporting geological model
• Unexpected shallow, high-grade copper-gold intercept potentially adding to early-mining copper inventory
• Ongoing infill drilling growing geological confidence and adding economic value

Maronan Metals Limited is pleased to report strong shallow silver and copper-gold intercepts following the commencement of the infill drilling campaign. The highlights include continuous silver-lead results in support of the geological model and an unexpected shallow, high-grade copper-gold intercept from MRN25003 that could potentially add to the early-mining copper inventory. The ongoing infill drilling continues to grow the geological confidence of the resource base, incrementally adding economic value to the company. Two drill rigs are active on site, and an updated mineral resource estimate is anticipated in the second half of 2026. The report provides assay results for drill holes MRN25001, MRN25002W1, MRN25003, and MRN25004B, designed to extend zones of Indicated resource within the Starter Zone. Significant intercepts include high-grade silver-lead mineralization in the Eastern and Western horizons, as well as shallow, high-grade primary copper-gold mineralization. The company also provided an update on the Boxcut design, which has been revised to reduce the excavation volume by around 100,000 Bank Cubic Metres. The 2026 exploration drilling program is planned to build a larger inventory of Indicated Resource to include in the Pre-Feasibility Study, allowing for the evaluation of higher throughput mining scenarios.

The 2026 drilling program will continue infill of Inferred Resources within the Starter Zone, as well as targeting shallow under-drilled areas of the resource north of the Starter Zone and proximal to the proposed Exploration Decline.