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Maronan Metals Ltd ( (AU:MMA) ) has provided an announcement.
Maronan Metals has completed the initial phase of its surface drilling campaign at the Maronan Silver Project in north-west Queensland, finishing four infill diamond drill holes aimed at expanding the Indicated Resource and six geotechnical holes to support mine design, including final boxcut design and a planned exploration decline. The company reports that its Mineral Development Licence application is progressing, with approval anticipated early in the new year, while assay results from the recent drilling are expected in February 2026 and further surface drilling is planned after the wet season, signalling continued momentum in advancing the project toward development amid a favourable silver price environment.
More about Maronan Metals Ltd
Maronan Metals Limited is an Australian exploration and development company focused on the Maronan Silver Project in north-west Queensland, regarded as one of the country’s largest and highest-grade undeveloped silver assets. The project is strategically located about 90 kilometres north of South32’s Cannington silver-lead-zinc mine, positioning the company in a key mineral district with exposure to silver, lead and zinc markets.
Average Trading Volume: 1,103,401
Technical Sentiment Signal: Buy
Current Market Cap: A$84.23M
See more data about MMA stock on TipRanks’ Stock Analysis page.