Maronan Metals (MMA) Q3 2026 earnings summary

Executive summary

• Mineral Development Licence (MDL 2028) granted for the Maronan Silver Project, marking a major milestone toward development readiness.

• Strong metallurgical test work for copper-gold ore, with gold recoveries up to 88% and copper recoveries exceeding 96%.

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

• Surface drilling recommenced post-quarter with a second diamond drill rig to accelerate resource growth.

Financial highlights

• Exploration and evaluation expenditure for the quarter was $898,908.

• Mining production and development activities expenditure was $197,503.

• Payments to related parties (Directors' salaries, fees, superannuation) totaled $157,191.

• Cash and cash equivalents at quarter end were $14.61 million.

• Estimated quarters of funding available: 12.98, indicating strong liquidity.

Outlook and guidance

• Near-term milestones include finalising a landholder compensation agreement, additional surface drilling to grow the Indicated Resource base, and preparation for a future Mining Lease application.

• Ongoing technical and feasibility studies to support project advancement.