Maronan Metals Accelerates Maronan Silver Project with Second Drill Rig

Maronan Metals Ltd ( (AU:MMA) ) has issued an update.

Maronan Metals has expanded its 2026 drilling campaign at the Maronan Silver Project by commissioning a second surface diamond drill rig, bringing the program to its sixth hole and significantly increasing capacity for resource definition. The company is concentrating drilling around and below the Starter Zone to grow the Indicated Resource base, which underpins assessments of a larger project scale and longer mine life as part of a planned Pre-Feasibility Study.

The expanded program is intended to build mineral inventory beyond the near-surface 13Mt mining inventory used in its earlier economic assessment, while also advancing technical and regulatory workstreams toward future Mining Lease decisions. Supportive silver prices, currently well above the assumptions used in prior economic modeling, strengthen the strategic case for accelerating drilling, finalising compliance for the newly granted Mineral Development Licence and Environmental Authority, and progressing plans for an exploration decline and future mine development.

More about Maronan Metals Ltd

Maronan Metals Ltd is an Australian mineral exploration and development company focused on the Maronan Silver Project in northwest Queensland. The company is advancing a silver-dominant deposit, targeting growth in its Indicated Resource to support larger-scale mining development beyond an initial Starter Zone, with work feeding into economic and technical studies for potential mine development.

Average Trading Volume: 681,276

Technical Sentiment Signal: Sell

Current Market Cap: A$80.46M

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