Maronan Metals Limited
MMA.AX
Australian Securities Exchange0.44
AUD
-0.03
- -
Maronan Metals Limited
MMA.AX
(Australian Securities Exchange)
Recent
price
0.44
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Maronan Metals Limited (ASX:MMA) is an Australian-based mineral exploration company focused on the exploration, evaluation, and development of mineral resource properties, primarily advancing its flagship Maronan silver-lead and copper-gold project located in the Carpentaria Province of Northwest Queensland; the project encompasses a substantial global resource base exceeding 60 million tonnes containing approximately 118 million ounces of silver, 2 million tonnes of lead, 272 thousand tonnes of copper, and 758 thousand ounces of gold across indicated and inferred categories, with the high-grade Starter Zone targeted for initial underground mining operations delivering over 5.5 million ounces of silver equivalent annually over a ten-year mine life. Incorporated in 2012 and headquartered in Cloncurry, Australia, with corporate offices in Sydney, New South Wales, the company holds 100% interest in the 38.35 square kilometer Maronan tenement and operates within the prolific Cloncurry mineral province, targeting polymetallic deposits including lead, silver, copper, gold, and associated minerals for domestic and international base and precious metals markets. Recent developments include the release of a Preliminary Economic Assessment in mid-2025 for the Starter Zone demonstrating robust economics with a post-tax NPV of A$377 million, 37% IRR, and life-of-mine EBITDA approaching A$1 billion under a standalone processing scenario; a A$16 million institutional placement in October 2025 at A$0.35 per share strongly supported by new and existing investors to fund infill and exploration drilling, geotechnical studies, environmental assessments, and early site works ahead of a Mining Development Licence application, complemented by a A$3 million Share Purchase Plan; issuance of director incentive options and performance rights in December 2025; and successful passage of all resolutions at its 2025 Annual General Meeting, reinforcing progression toward production readiness.