Maronan Metals Ltd September 2026 Quarterly Report
Key points
- Over 15,000 metres of planned 40,000 metre infill drilling program completed
- Three assay announcements with high-grade silver-lead and copper-gold results
- Andrew Graham appointed as Managing Director and CEO
- $20 million placement to accelerate project development
- Mineral Resource update planned for Q4 FY2027
Full summary
Maronan Metals Ltd reported steady progress in its September 2026 quarterly activities, highlighting significant advancements in its drilling program, assay results, and corporate developments. The company exceeded planned performance with over 15,000 metres of the 40,000-metre infill drilling program completed. Assay results revealed high-grade silver-lead and copper-gold mineralization, reinforcing the project's potential. The company appointed Andrew Graham as Managing Director and CEO, effective 23 November 2026. Post-quarter, Maronan secured firm commitments for a $20 million placement, subject to shareholder approval at the AGM on 4 November 2026, to fund additional drilling, engineering, and exploration. A Mineral Resource update is planned for Q4 FY2027, supporting the completion of the Pre-Feasibility Study in mid-2027.
Guidance
Mineral Resource update planned for Q4 FY2027
Outlook
The company is on track to complete the Pre-Feasibility Study in mid-2027, with ongoing drilling and assay results expected to support resource growth and project advancement.
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