Maronan Metals Ltd · ASX:MMA
Maronan Metals — Sydney Mining Club October 2026
21 slides from Maronan Metals's conference presentation, October 2026
Slide 1: Maronan Silver Project - Queensland's Next Big UG Mine
INVESTOR PRESENTATION Maronan Silver Project - Queensland's Next Big UG Mine SYDNEY MINING CLUB OCTOBER 2026 ASX:MMA
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER INVESTOR PRESENTATION | OCTOBER 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
Slide 3: Corporate Overview
CORPORATE OVERVIEW INVESTOR PRESENTATION | OCTOBER 2026 The Maronan Project Capital Snapshot ▪ 100% owned silver-lead and copper-gold deposit in world Share Price (30 September 2026) A$0.445 class Carpentaria Province, Queensland Shares on Issue 314.3m ▪ Large mineral endowment Market Capitalisation
Slide 4: Recent Achievements
RECENT ACHIEVEMENTS INVESTOR PRESENTATION | OCTOBER 2026 1 Starter Zone PEA delivered1 2 Mineral Development Licence granted A$377m NPV8% & 37% IRR at study pricing (US$36/oz Ag) Approved within 12 months of application, unlocking the A$908m NPV8% & 70% IRR at spot pricing Boxcut and exploration dec
Slide 5: Experience That Delivers Mines
EXPERIENCE THAT DELIVERS MINES Proven Mine Development and Execution Experience INVESTOR PRESENTATION | OCTOBER 2026 DIRECTORS Richard Carlton Simon Bird Robert Rutherford Matthew Hine Andrew Graham Managing Director Non−Executive Chairman Non-Executive Director Managing Director and CEO Non-Executi
Slide 6: Pre-Feasibility Study Team
PRE-FEASIBILITY STUDY TEAM INVESTOR PRESENTATION | OCTOBER 2026 PERMITTING & SITE CONTRACTS PROJECT GEOLOGY MINING GEOTECHNICAL METALLURGY ENVIRONMENTAL & COMPLIANCE DIRECTOR Andrew Barker Chris Hiller John Player & Resource Mark Brown Bianca Dean Exploration Manager Consulting Mining Team Strategie
Slide 7: De-risking: A Cornerstone Institutional Investor
DE-RISKING: A CORNERSTONE INSTITUTIONAL INVESTOR US$1.5B INVESTOR PRESENTATION | OCTOBER 2026 Committed capital – Kinterra Fund II Kinterra Capital – institutional validation, not just capital A Toronto-based private equity firm with ~US$1.5B in committed capital and 20 years of critical minerals in
Slide 8: Asset Overview
ASSET OVERVIEW • >65Mt of Inferred and Indicated Resources • 33Mt of Silver-Lead Resource & 32Mt of Copper- GLOBAL Gold Resource INVESTOR PRESENTATION | OCTOBER 2026 Scale, Quality and Development Optionality RESOURCE1 • 122Moz Silver 2Mt Lead 271Kt Copper 760Koz Gold • 10-year project reaching 1.2M
Slide 9: Drilling to Underpin Increased Scale and Improved Economics
DRILLING TO UNDERPIN INCREASED SCALE AND 40,000m IMPROVED ECONOMICS 2026 drilling programme target INVESTOR PRESENTATION | OCTOBER 2026 PEA PEA PFS 2→3 (Study Pricing) (Spot Pricing1) (Current Target2) Rigs on site; third due ASAP Portion of Deposit (refer figure opposite) Starter Zone Down to 600m
Slide 10: In a District That Builds Mines
IN A DISTRICT THAT BUILDS MINES INVESTOR PRESENTATION | OCTOBER 2026 LOCATION North West Minerals Province, Queensland; a Tier-1 geological neighborhood and a state government supporting new mine Eva development Dugald River Ernest Henry Rocklands Mount Isa Eloise ESTABLISHED PERMITTING PATHWAYS Min
Slide 11: Metallurgy
METALLURGY INVESTOR PRESENTATION | OCTOBER 2026 Lead Flotation • Pb Rec > 90 % • Ag Rec > 90 % • Very High-Grade Concentrate – > 70% Lead, > 1,500 g/t Silver Copper Flotation • Cu Rec > 90% • Au Rec 80 – 88 % Rec – Good quality concentrates – 23 – 27 % Cu – 10 – 15 g/t Au 1. ASX: MMA 28 January 2026
Slide 12: Permitting in Queensland: An Established Pathway
PERMITTING IN QUEENSLAND: AN ESTABLISHED PATHWAY, NOT A SPECULATIVE ONE 12 months Time from application to Mineral INVESTOR PRESENTATION | OCTOBER 2026 Development Licence approval Mineral Development Licence already secured – runs on the board Permitting construction of the Boxcut and exploration d
Slide 13: Indicative Development Timetable & News Flow
INDICATIVE DEVELOPMENT TIMETABLE & NEWS FLOW FY26 FY27 FY28 FY29 INVESTOR PRESENTATION | OCTOBER 2026 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 Surface Drilling Surface Drilling Drilling Indicated First Ore MRE Update Reserve Pre
Slide 14: Near-Term Catalysts (Next 6-12 Months)
NEAR-TERM CATALYSTS (NEXT 6–12 MONTHS) ASAP 2026 INVESTOR PRESENTATION | OCTOBER 2026 Mobilise 3rd Rig ASAP 2026 | Third rig mobilises Lifting the 40,000m drilling programme to full three-rig pace H1 FY27 Mining Licence application lodgement Ongoing | Resource conversion drilling Follow-up of recent
Slide 15: Turning a Discovery into a Mine
TURNING A DISCOVERY INTO A MINE >65Mt Inferred + Indicated Global Resource INVESTOR PRESENTATION | OCTOBER 2026 A resource built for decades >65Mt of Inferred and Indicated Resource across 33Mt Silver-Lead 122Moz Ag Plus 2Mt lead, 271Kt copper, and 32Mt Copper-Gold mineralisation1 760Koz gold The PE
Slide 16: Real Silver, Real Scale
INVESTOR PRESENTATION | AUGUST 2026 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 16
Slide 17: Appendix 1: June 2025 Updated Mineral Resource Silver-Lead
APPENDIX 1: ASX:MMA 06 JUNE 2025 UPDATED MINERAL RESOURCE* SILVER-LEAD 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 19.6 Starter Zone Inferred 6.9 4.
Slide 18: Appendix 1: June 2025 Updated Starter Zone Mineral Resource
APPENDIX 1: ASX:MMA 06 JUNE 2025 UPDATED STARTER ZONE MINERAL RESOURCE* SILVER-LEAD 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 Tonnes (at >3% Lead Cut-off) % g/t g
Slide 19: Appendix 1: June 2025 Updated Mineral Resource Copper-Gold
APPENDIX 1: ASX:MMA 06 JUNE 2025 UPDATED MINERAL RESOURCE* COPPER-GOLD 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 Leached Inf+Ind 1.1 0.79 0.71 9
Slide 20: Appendix 1: March 2024 Mineral Resource Gold-Only
APPENDIX 1: ASX:MMA 12 MARCH 2024 MINERAL RESOURCE* GOLD-ONLY 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 20
Slide 21: Appendix 2: PEA Sensitivity to Silver Price
APPENDIX 2: PRELIMINARY ECONOMIC ASSESSMENT SENSITIVITY TO SILVER PRICE INVESTOR PRESENTATION | OCTOBER 2026 1,200 SILVER LEVERAGE 1,000 A$20m increase in pre-tax NPV₈ for every PEA PROJECT NPV – A$M 800 US$1/oz rise in the silver price¹ 600 PEA REVENUE BY METAL² Spot silver price 1 Sep 2026 400 US$