Maronan Metals Ltd · ASX:MMA
Maronan Metals — Investor Presentation (May 2024)
20 slides from Maronan Metals's investor presentation, May 8, 2024
Slide 1: The Maronan Deposit
The Maronan Deposit One of Australia’s Largest and Highest- Grade Undeveloped Silver Resources Investor Presentation Presented by: Richard Carlton, MD 8 May 2024 A S X C O D E : M M A Investor Presentation
Slide 2: Important Notices and Disclaimer
Important Notices and Disclaimer GENERAL These presentation materials and the accompanying verbal presentation (together, the Presentation Materials) have been prepared by Maronan Metals Limited (Company) as at 08/05/2024 and statements are current only as at that date. Information in the Presentati
Slide 3: Growing Demand for Silver
Growing Demand for Silver Unprecedented shortages as demand outpaces supply* Silver Price • Both a precious and an industrial metal in AUD/0z • Forecast industrial use is exponential in solar panels and as silver solder for electrification • Washington-based Silver Institute* • For the third year in
Slide 4: Corporate Summary
Corporate Summary ASX Code Shares on Issue Share Price (6 May 24) Market Cap Cash (at 31 Mar 24) MMA 159,594,872 29.5c $43.88M $1.46M Board Of Directors & Senior Management Share Price & Trade Volume: 1/05/2023 − 6/05/2024 Simon Bird Non-Exec Chairman Richard Carlton Managing Director Robert Rutherf
Slide 5: Why Invest in Maronan?
Why Invest in Maronan? Located in mining friendly region • Qld’s rich Northwest Minerals World class deposits with silver Province • Favourable access to infrastructure: • Cloncurry 65km, Mt Isa, 120km, Townsville 770km • 4km from sealed highway • Options for rail and port Dugald River Large Resourc
Slide 6: Why Invest in Maronan?
Why Invest in Maronan? Favourable mining attributes • 4 discreet mineralised zones • Excellent: • Mineralisation geometry • Scheduling optionality Project development • Maiden Indicated Resource • Positive Metallurgical results • Baseline environmental work started Maronan Investor Presentation | Ma
Slide 7: JORC Compliant Mineral Resources − updated March 2024
JORC Compliant Mineral Resources − updated 12 March 2024 Silver−Lead Resource* • 32.1Mt @ 6.1% Pb, 107g/t Ag (>3%Pb cutoff) incl: Indicated Resource • Starter Zone Indicated – 2Mt @ 5.3% Pb, 155g/t Ag • Starter Zone Inferred – 9Mt @ 5.3% Pb, 101g/t Ag • Outside Starter Zone Inferred – 21Mt @ 6.5% Sh
Slide 8: Maronan – 3D Ore Block Models
Maronan – 3D Ore Block Models Eastern Horizons Copper-Gold Zone (2015) Starter Northern Fold Zone Cu-Au Zone 1,200m Expanded Copper Shell (2023 Drilling) Eastern & Western Pb-Ag Horizons Western Horizons Source: ASX:RDM 8 March 2016 – Maronan Deposit – Preliminary Mine Scoping Study Maronan Investor
Slide 9: Silver-Lead Resource Evolution
Silver-Lead Resource Evolution Indicated Resource 2015 Resource Model showing: • Pre-2022 Drilling • Designated Shallow Starter Zone Shallow Starter Zone Maronan Investor Presentation | May 2024 9
Slide 10: Silver-Lead Resource Evolution
Silver-Lead Resource Evolution Indicated Resource 2015 Resource Model plus: • 2022/23 Drill Campaign • Main focus Shallow Starter Zone • 33 holes including 23 in the Shallow Starter Zone Shallow Starter Zone • 16,784 metres • Tested deep extensions, confirmed mineralisation continues beyond 1,200m d
Slide 11: Shallow Starter Zone – Eastern Horizon Long Section & Cross Section
Shallow Starter Zone – Eastern Horizon Long Section & Cross Section • Any future mine is likely to access first ore from the Starter Zone • Closer spaced drilling shows strong continuity and steep plunge control • Mineralisation now comes within only 90m of surface • Infill drilling has added value
Slide 12: Shallow Starter Zone – Western Horizon Long Section & Cross Section
Shallow Starter Zone – Western Horizon Long Section & Cross Section • Closer spaced drilling shows strong continuity and steep plunge control • Thickened, high-lead and high-silver intercepts remain open at depth • Scope to add significant tonnage * ASX:MMA 23 December 2023 Very Strong Results in Fi
Slide 13: Copper-Gold Resource
Copper-Gold Resource Indicated Resource 2024 Copper-Gold model with all Project drilling to date • 32.5Mt @ 0.84g/t Cu, 0.61g/t Au and 7g/t Ag • Material type: • Weathered – 5% Shallow Starter Zone Copper Focus • Transitional – 20% Area Higher • Fresh – 75% grades and broad intervals of mineralisati
Slide 14: Copper-Gold Sulphide Mineralisation
Copper-Gold Sulphide Mineralisation MRN22001A: MRN23004W2: 23.1m @ 1.3% CuEq (0.38% Cu, 1.06g/t Au) 58m @ 1.3% CuEq (0.73% Cu, 0.67g/t Au) • Deeper drilling continues to MRN22001: intersect broad 46.4m @ 1.6% CuEq (0.94% Cu, 0.79g/t Au) MRN23004: intervals of 10m @ 1.9% CuEq (1.41% Cu, 0.58g/t Au),&
Slide 15: 2024 Drilling and Project Development Plan
2024 Drilling and Project Development Plan Building on the successful 2022/23 drilling campaign, options for the next phase of development campaign have been assessed. The emphasis of the next phase of work: • Complete the internal Scoping Study targeting a +8 year Life of Mine. • Shallow Starter Zo
Slide 16: Drilling – Stage 1
Drilling – Stage 1 • Targeting 8 holes onto Eastern Horizon (4,400m) (Blue) • Targeting 4 holes into the Western Horizon (2,600m) (Purple) • Potential for 0.8 – 1.4Mt of additional indicated resource • Balance between adding tonnes (on Eastern Horizon) and adding grade (on the Western Horizon) Maron
Slide 17: Drilling – Stage 2
Drilling – Stage 2 • Targeting 9 holes onto Eastern Horizon (4850m) (Blue) • Targeting 9 holes into the Western Horizon (5250m) (Purple) • Potential for 2.0 – 3.0Mt of additional Indicated resource • Potential for 0.3 – 0.5Mt of additional inferred resource • Targeting solid increase in Indicated Re
Slide 18: Metallurgical Results from Sighter Tests
Metallurgical Results from Sighter Tests* • Preliminary flotation work on the two separate silver-lead ore types have returned: • Strong recoveries of both silver and lead • Lead concentrates with exceptionally high silver grades (932-1485 g/t), underlining their strong revenue potential. • Comminut
Slide 19: Near Term Activity and News Flow
Near Term Activity and News Flow Update to 2016 Preparations for 2024 scoping study with drilling program new resource model Continue baseline Progress opportunities Build the public profile environmental surveys to add value to the of the Maronan story project Maronan Investor Presentation | May 20
Slide 20: Contact Us
Contact Us Maronan Metals Limited Level 15, 323 Castlereagh Street, Sydney, NSW 2101 www.maronanmetals.com.au Phone +61 2 9281 1805 info@maronanmetals.com.au This presentation has been approved for release by the Board of Maronan Metals Limited – 8 May 2024 Confidential Maronan Investor Presentation