Maronan Metals (MMA) Investor presentation summary

Project overview and resource base

• 100% owned silver-lead and copper-gold deposit in Queensland's Carpentaria Province, with over 65Mt of inferred and indicated resources, including 122Moz silver, 2Mt lead, 271kt copper, and 760koz gold.

• Starter Zone PEA covers only a fraction of the resource, supporting a 10-year initial mine plan and demonstrating strong economics.

• Ongoing 40,000m drilling program aims to expand indicated resources and support a scaled-up operation.

Financials and economics

• Initial PEA shows NPV8% of A$377m and IRR of 37% at study pricing; at spot pricing, NPV8% rises to A$908m and IRR to 70%.

• Market capitalization at A$139.9m with A$33.4m cash as of June 2026; enterprise value A$106.5m.

• Project highly leveraged to silver price, with a A$20m NPV increase for every US$1/oz rise in silver price.

Recent achievements and milestones

• Mineral Development Licence granted within 12 months, enabling Boxcut and exploration decline.

• Strategic A$22m placement by Kinterra Capital for a 19.99% stake, supporting accelerated drilling and PFS completion.

• High-grade silver-lead intercepts and strong metallurgical results continue to outperform PEA assumptions.