Maronan Metals (MMA) Q2 2026 TU earnings summary

Executive summary

• Advanced the Maronan Silver Project towards mine readiness, achieving key milestones including updated Mineral Resource Estimate and Preliminary Economic Assessment.

• Secured all environmental approvals for the Mineral Development Licence application post quarter-end.

• Strengthened leadership with new CFO and Compliance & Contracts Manager appointments.

Financial highlights

• Completed a $16.0 million Placement and $1.6 million Share Purchase Plan, raising $17.6 million before costs.

• Cash and cash equivalents at quarter-end totaled $15.8 million.

• Exploration and evaluation expenditure for the quarter was $1,478,550; mining production and development activities were $137,560.

• Payments to related parties during the quarter were $92,624.

Outlook and guidance

• Confident in securing the Mineral Development Licence during the March 2026 quarter.

• Focused on approvals for boxcut and decline to accelerate development.

• Ongoing feasibility studies and development planning supported by strong funding position.