Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Maronan Metals Ltd (MMA.ASX) |
|---|---|
| Release Time | 20 Jul 2026, 9:59 a.m. |
| Price Sensitive | Yes |
Maronan Metals Quarterly Activities Report
- Strong infill drilling results confirm high-grade mineralization
- Strategic investment of A$22 million from Kinterra Capital
- Boxcut design optimization reduces excavation volume by 100,000 BCM
- Continued advancement of Pre-Feasibility Study
- Leadership transition with Managing Director stepping down
Maronan Metals Limited has reported significant progress in its June 2026 quarter activities, highlighting strong infill drilling results that confirm high-grade silver-lead and copper-gold mineralization. The company secured a strategic investment of A$22 million from Kinterra Capital, enhancing its financial position and providing a platform to accelerate exploration and development activities. Additionally, the company completed boxcut design optimization, reducing the excavation volume by approximately 100,000 Bank Cubic Metres (BCM), which translates to lower upfront capital expenditure. Maronan Metals also continued to advance its Pre-Feasibility Study (PFS) workstreams, including metallurgical testwork, mine design scenarios, and flowsheet design. The company announced a leadership transition, with Managing Director Richard Carlton stepping down effective December 2026, and a search for a new CEO/Managing Director has been initiated.