Maronan Metals Ltd · ASX:MMA
Maronan Metals — RIU Sydney Resources Roundup 2026
20 slides from Maronan Metals's conference presentation, May 7, 2026
Slide 1: Maronan Silver Project
ASX:MMA Maronan Silver Project A Scalable, High-Leverage Silver Development Project Presenter: Dean Fredericksen – Project Director 07 May 2026
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER INVESTOR PRESENTATION | MAY 2026 GENERAL guarantees or makes any representations or warranties, express or implied, as to or takes responsibility for, the accuracy, reliability, completeness or fairness of the information, opinions, forecasts, reports, estimates and
Slide 3: Share Price Chart and Capital Snapshot
ASX:MMA INVESTOR PRESENTATION | MAY 2026 Share Price Chart Capital Snapshot Market Cap $80.5M Shares on Issue 251,447,060 Share Price (1 May 2026) 32c Cash (at 31 March 2026) $14.6M Enterprise Value $65.9M % held by substantial holders 47.11% Options1 24,150,000 Substantial Shareholders Performance
Slide 4: Asset Overview
ASSET OVERVIEW • >65Mt of Inferred and Indicated Resources • 33Mt of Silver-Lead Resource & 32Mt of Copper- GLOBAL INVESTOR PRESENTATION | MAY 2026 Gold Resource2 Scale, Quality and Development Optionality RESOURCE • 122Moz Silver 2Mt Lead 271Kt Copper 760Koz Gold2 • 10-year project reaching 1.2Mtpa
Slide 5: In a District That Builds Mines
IN A DISTRICT THAT BUILDS MINES INVESTOR PRESENTATION | MAY 2026 LOCATION Queensland, Australia – North West Minerals Province; a Tier-1 geological neighborhood and a state government supporting new mine development Eva Dugald River Ernest Henry ESTABLISHED PERMITTING PATHWAYS Mineral Development Li
Slide 6: Management: Experience That Delivers Mines
EXPERIENCE THAT DELIVERS MINES Proven Mine Development and Execution Experience INVESTOR PRESENTATION | MAY 2026 DIRECTORS Robert Rutherford Richard Carlton Simon Bird Non-Executive Matthew Hine Managing Director Non−Executive Chairman Non-Executive Director Technical Director MANAGEMENT Dean Freder
Slide 7: Maronan Project Team
MARONAN PROJECT TEAM INVESTOR PRESENTATION | MAY 2026 PERMITTING & SITE CONTRACTS METALLURGY GEOLOGY MINING GEOTECHNICAL ENVIRONMENTAL & COMPLIANCE Andrew Barker Chris Hiller John Player & Team Resource Strategies Mark Brown Bianca Newcombe Exploration Manager Consulting Mining Engineer Mine GeoTech
Slide 8: Building a Step at a Time
BUILDING A STEP AT A TIME INVESTOR PRESENTATION | MAY 2026 POTENTIAL EARLY CASHFLOW OPTIONALITY VIA TOLL TREATMENT Starter Zone Starter zone supports either a stand-alone plant or toll-milling through near-by, under utilised plant. It could be both SCALABLE PRODUCTION PROFILE PEA base case at 1.2Mtp
Slide 9: Starter Zone PEA Shows Compelling Economics
STARTER ZONE PEA SHOWS COMPELLING ECONOMICS STAND ALONE ONSITE PROCESSING INVESTOR PRESENTATION | MAY 2026 • 10-year project schedule with average steady state annual metal in concentrate: 3.0Moz silver, 38kt lead, 1.4kt copper, 3.8koz gold (5.4Moz Silver Equivalent) • EBITDA of $981m over the life
Slide 10: What Is the True Potential?
WHAT IS THE TRUE POTENTIAL? INVESTOR PRESENTATION | MAY 2026 N Starter Zone is less than ¼ of Maronan’s Starter Zone Global Resource Opportunities to enhance the early mine plan Growing the Indicated Resource Inventory to consider higher mining rate scenarios Upside not reflected in the Starter Zone
Slide 11: Mineral Development Licence
MINERAL DEVELOPMENT LICENCE INVESTOR PRESENTATION | MAY 2026 500m 2km 11 1. ASX:MMA 3 March 2026 – Maronan Silver Project Mineral Development Licence Granted
Slide 12: Indicative Development Pathway
INDICATIVE DEVELOPMENT PATHWAY Key Milestones INVESTOR PRESENTATION | MAY 2026 FY26 FY27 FY28 FY29 Dec 25 Mar 26 Jun 26 Sep 26 Dec 26 Mar 27 Jun 27 Sep 27 Dec 27 Mar 28 Jun 28 Sep 28 Dec 28 Mar 29 Jun 29 Surface Drilling Surface Drilling MDL Bulk Boxcut Decline Ongoing UG Mining Sample Underground D
Slide 13: Investment Proposition
INVESTMENT PROPOSITION INVESTOR PRESENTATION | MAY 2026 OPPORTUNITY High leverage to Robust Starter Zone Capital-Efficient Experienced team Silver with defined economics with development with track record of development expansion upside pathways (including mine development pathway toll treatment) Ma
Slide 14: Real Silver. Real Scale
Real Silver. Real Scale For investor enquiries or further information, contact us today. Maronan Metals Limited Level 15, 323 Castlereagh Street, Sydney NSW 2101 www.maronanmetals.com.au | info@maronanmetals.com.au | +61 2 9281 1805 ASX:MMA)
Slide 15: PEA Sensitivity to Metal Pricing
APPENDIX 1 PRELIMINARY ECONOMIC ASSESSMENT SENSITIVITY TO METAL PRICING INVESTOR PRESENTATION | MAY 2026 Spot Metal Prices Spot Metal Prices Financials (Pre-Tax) Base Case Total (AUD Million) 19-Sep-25 6-May-26 Revenue 2,193 2,440 3,187 Copper Conc 168 190 224 Lead Conc 2,025 2,250 2,954 Pre-Product
Slide 16: PEA Sensitivity to Silver Price
APPENDIX 1 PRELIMINARY ECONOMIC ASSESSMENT SENSITIVITY TO SILVER PRICE INVESTOR PRESENTATION | MAY 2026 1,200 Silver Leverage Sensitivity analysis in the PEA PROJECT NPV - SCOPING STUDY AUD M 1,000 demonstrates that a US$1/oz increase in the silver price 800 increases pre-tax NPV8 by approximately A
Slide 17: June 2025 Updated Mineral Resource Silver-Lead
APPENDIX 2 ASX:MMA 06 JUNE 2025 UPDATED MINERAL RESOURCE* SILVER-LEAD INVESTOR PRESENTATION | MAY 2026 Silver-Lead Sulphide Resources Tonnes Grade Grade Contained Lead Contained Silver JORC 2012 Mt Lead Silver Tonnes Million Oz (at >3% Lead Cut-off) % g/t Starter Zone Indicated 5.3 5.2 116 275,000 1
Slide 18: June 2025 Updated Starter Zone Mineral Resource
APPENDIX 2 ASX:MMA 06 JUNE 2025 UPDATED STARTER ZONE MINERAL RESOURCE* SILVER-LEAD INVESTOR PRESENTATION | MAY 2026 Starter Zone Inf+Ind Contained Contained Contained Contained Resources Tonnes Grade Grade Grade Grade Lead Silver Gold Zinc JORC 2012 Mt Lead Silver Gold Zinc Tonnes Million Oz Oz Tonn
Slide 19: June 2025 Updated Mineral Resource Copper-Gold
APPENDIX 2 ASX:MMA 06 JUNE 2025 UPDATED MINERAL RESOURCE* COPPER-GOLD INVESTOR PRESENTATION | MAY 2026 Global Copper-Gold Resource Mineralisation Types Tonnes Grade Grade Grade Contained Contained Contained >0.4% Copper Cut-off Mt Copper Gold Silver Copper Gold Silver % g/t g/t tonnes Oz Million Oz
Slide 20: March 2024 Mineral Resource Gold-Only
APPENDIX 2 ASX:MMA 12 MARCH 2024 MINERAL RESOURCE* GOLD-ONLY INVESTOR PRESENTATION | MAY 2026 Gold-Only Tonnes Grade Contained >1g/t Gold Cut-off Mt Gold Gold JORC 2012 g/t Oz Inferred (Fresh) 1.8 1.24 72,000 * ASX:MMA 12 March 2024 – Maronan Resource Review 21