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Maronan Metals Ltd ( (AU:MMA) ) has issued an update.
Maronan Metals has reported significantly improved metallurgical testwork results for the copper-gold portion of its Maronan Deposit, with combined gold recoveries from primary Cu–Au ore types reaching up to 88%, compared with 50–70% in previous testwork, and copper recoveries exceeding 96%. As the primary Cu–Au ore type accounts for about 89% of the global Copper–Gold Mineral Resource, these results materially enhance confidence in the project’s processing characteristics, demonstrate strong amenability to conventional flotation with low-penalty concentrates, and underpin ongoing optimisation studies, including assessments of toll treatment and a dedicated processing plant, which are key to shaping the project’s potential development pathway and economic viability.
The most recent analyst rating on (AU:MMA) stock is a Hold with a A$0.55 price target. To see the full list of analyst forecasts on Maronan Metals Ltd stock, see the AU:MMA Stock Forecast page.
More about Maronan Metals Ltd
Maronan Metals Limited is an Australian mineral exploration and development company focused on the Maronan copper-gold deposit in Queensland. The company is advancing its Copper–Gold Mineral Resource, which is dominated by primary ore types, and is evaluating conventional processing routes and potential toll treatment or dedicated plant options to bring the project toward development.
Average Trading Volume: 1,034,801
Technical Sentiment Signal: Buy
Current Market Cap: A$153.4M
For a thorough assessment of MMA stock, go to TipRanks’ Stock Analysis page.