High Grade Copper-Gold Intercepts among the Final Batch of Assays from the Maronan Project Drill Program

Maronan Metals Ltd (ASX: MMA) (Maronan or the Company) is an Australian mineral explorer focused on realising the growth potential of the advanced Maronan Silver-Lead and Copper-Gold deposit in the Cloncurry region of Northwest Queensland. The Maronan Project is one of Australia’s largest and highest-grade, undeveloped silver resources located just 90 km north of the giant Cannington Silver- Lead-Zinc Mine.

Maronan Metals is very pleased to report the final batch of assays from the 2024 drilling campaign which concluded in December. There are several high-grade zones of copper- gold mineralisation within the shallow Starter Zone that may present early mining options. Results continue to demonstrate strong continuity of silver-lead mineralisation along the Eastern Horizon.

HIGHLIGHTS

EASTERN HORIZONS:

• MRN24015
  • 5.21 metres at 4.5% lead, 355 g/t silver (429 g/t Silver Equivalent), and
  • 5.65 metres at 5.2% lead, 131 g/t silver (242 g/t Silver Equivalent)
• MRN24017
  • 4.26 metres at 4.1% lead, 100 g/t silver (188 g/t Silver Equivalent)
• MRN24018
  • 4.7 metres at 4.3% lead, 131 g/t silver (221 g/t Silver Equivalent)
• MRN24018W1
  • 4.2 metres at 4.0% lead, 112 g/t silver (196 g/t Silver Equivalent)

COPPER-GOLD ZONE:

• MRN24015
  • 15.35 metres at 0.78% copper, 0.53 g/t gold including;
    • 1.47 metres at 3.55% copper, 1.85 g/t gold,
• MRN24017
  • 4.11 metres at 1.35% copper, 0.67 g/t gold, and
  • 2.35 metres at 1.35% copper, 1.67 g/t gold
• MRN24018
  • 1.95 metres at 1.67% copper, 0.64 g/t gold
• MRN24018W1
  • 0.6 metres at 3.69% copper, 12.2 g/t gold; (HW vein), and
  • 8.9 metres at 0.90% copper, 0.61 g/t gold including;
    • -5.9 metres at 1.12% Copper, 0.81 g/t gold.
• Drilling targeting the northern end of the Starter Zone shows Eastern Horizon shoot remains open.
• Copper mineralisation strengthens towards the northern end of the Starter Zone.
• An updated mineral resource estimate using new data and interpretations from the 2024 drill campaign is now underway.

Maronan Metals Managing Director Richard Carlton commented:

“These results finalise the 2024 drilling program which has been very successful. It’s very pleasing to see solid silver-lead and copper-gold results. The team has been preparing for these results to come in and have commenced updating the mineral resources estimates for the Starter Zone Silver-Lead, and the Copper-Gold resource. The infill drill program continues to build momentum towards the Project being ‘mine ready’.”

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