Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Maronan Metals Ltd ( (AU:MMA) ) just unveiled an update.
Maronan Metals has restarted surface diamond drilling at its Maronan Silver Project after the wet season, launching an expanded 2026 program aimed at resource growth and project advancement. The company has also secured a second diamond drill rig, to be mobilised by the end of April, to increase drilling capacity and accelerate work at the Starter Zone.
The new campaign targets expansion of the Indicated Resource immediately around and below the Starter Zone while advancing technical and regulatory studies needed for future mining decisions. Assay results from a recently completed infill and geotechnical drilling program, delayed by wet season flooding and logistics, are pending and expected to feed into ongoing resource definition and mine design work, as Maronan evaluates further ramp-up including a possible third rig and progresses approvals and decline installation tenders.
More about Maronan Metals Ltd
Maronan Metals Ltd is an Australian exploration and development company focused on the Maronan Silver Project in northwest Queensland. The company is advancing a polymetallic resource through surface diamond drilling, with an emphasis on growing its Indicated Resource and progressing mine development studies at a Starter Zone that could underpin future mining operations.
Average Trading Volume: 864,468
Technical Sentiment Signal: Sell
Current Market Cap: A$82.98M
See more data about MMA stock on TipRanks’ Stock Analysis page.