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Maronan Metals Limited (ASX:MMA)

ALERT: Price-sensitive ASX Announcement for MMA
Current share price for MMA : $0.395 0.05 (14.49%)+
Announcement
Release
15 May 2026 9:23AM
Price at Release
$0.345
Full Release
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Summary
Maronan Metals Limited has reported positive results from its infill drilling program at the Maronan Project, highlighting strong shallow copper-gold and silver-lead mineralization. The drilling, aimed at expanding zones of indicated resources within the Starter Zone, showed significant intercepts including high-grade silver-lead results and promising copper-gold mineralization in shallow depths. Notably, drill hole MRN25003 revealed a high-grade copper-gold zone with 6.0 metres at 2.51% copper and 1.77 g/t gold. The results are set to be included in an updated resource estimate, with the current efforts focusing on enhancing geological confidence and economic value. The company's drilling program for 2026 seeks to increase the inventory of indicated resources and evaluate higher throughput mining scenarios.
Key Points
  • Significant shallow copper-gold and silver-lead mineralization identified.
  • Drill hole MRN25003 showed 6.0 metres at 2.51% copper, 1.77 g/t gold.
  • Maronan Metals aims to update resource estimate by end of 2026.
  • Infill drilling is enhancing geological confidence and economic value.
  • 2026 drilling program aims to increase indicated resources.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.