Maronan Metals (MMA) H2 2025 earnings summary

Executive summary

• Advanced the Maronan silver-lead and copper-gold project with over 10,000 metres of infill drilling, doubling Indicated silver-lead resources and defining the first Indicated copper-gold resource in the Starter Zone.

• Initiated a Preliminary Economic Assessment (PEA) and applied for a Mineral Development Licence (MDL) to progress towards mine development.

• Strengthened stakeholder relationships and promoted project milestones through conferences and media.

Financial highlights

• Reported a net loss after tax of $8,830,111 for FY2025, compared to $4,543,321 in FY2024.

• Total income from ordinary activities was $258,348, down from $805,428 in the prior year.

• Share-based payments expense increased significantly to $2,043,832 (FY2024: $65,004).

• Cash and cash equivalents at year-end were $3,033,460, down from $10,146,100.

• No dividends declared for the year.

Outlook and guidance

• PEA for the Starter Zone expected in Q1 FY2026, with potential for construction of exploration decline in FY2026 pending MDL approval and funding.

• Ongoing technical studies and environmental permitting to support feasibility and future production.