Maronan Metals Ltd · ASX:MMA
Maronan Metals — Shareholder Meeting (November 2025)
16 slides from Maronan Metals's shareholder meeting presentation, Nov 26, 2025
Slide 1: Advancing Australia's Next Silver Mine
ASX:MMA ADVANCING AUSTRALIA’S NEXT SILVER MINE Valuable Today, Scalable Tomorrow MMA 2025 AGM – Presentation 26 November 2025 Dean Fredericksen
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER MARONAN METALS AGM PRESENTATION| NOVEMBER 2025 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,
Slide 3: Preliminary Economic Assessment (PEA)
PRELIMINARY ECONOMIC ASSESSMENT (PEA) 1 STRONG ECONOMICS FOR MARONAN STARTER ZONE WITH STAND ALONE PROCESSING PLANT MARONAN METALS AGM PRESENTATION| NOVEMBER 2025 A$377m A$981m 10yr NPV (8% pre-tax) EBITDA (LOM) Schedule - Long-term Compelling PEA economics Significant cash generator production at 1
Slide 4: Preliminary Economic Assessment: Silver Price Sensitivity
PRELIMINARY ECONOMIC ASSESSMENT MARONAN METALS AGM PRESENTATION| NOVEMBER 2025 Current spot price Starter Zone Project Sensitivity to Silver Price1 25 Nov 25 Spot Base Case 19 Sep 25 Silver Price US$/oz 28.0 32.0 36.0 43.01 44.0 48.0 52.0 Silver Price A$/oz 41.8 47.8 53.7 64.19 65.7 71.6 77.6 NPV8%
Slide 5: Indicative Development Timetable
INDICATIVE DEVELOPMENT TIMETABLE MARONAN METALS AGM PRESENTATION| NOVEMBER 2025 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
Slide 6: Current Surface Drilling Programme
CURRENT SURFACE DRILLING PROGRAMME MARONAN METALS AGM PRESENTATION| NOVEMBER 2025 Commenced October 2025 Planned Resource Infill and Extension Drilling (red) • Continue building the indicated resources • Test shallow mineralisation north of Starter Zone that could feed into early mine plan Planned G
Slide 7: Mineral Development License
MARONAN METALS AGM PRESENTATION| NOVEMBER 2025 7 MINERAL DEVELOPMENT LICENSE
Slide 8: Key Inputs to Feasibility Study and Mining Lease
KEY INPUTS TO FEASIBILITY STUDY AND MINING LEASE MARONAN METALS AGM PRESENTATION| NOVEMBER 2025 Mineral Resource & Ore Reserves Haulage For Toll Treatment Detailed Mine Design & Geotechnical Testwork Toll Treat Vs Standalone Plant Optionality FEASIBILITY MINING STUDY LEASE Metallurgy, Process Design
Slide 9: Value Creating Opportunities
VALUE CREATING OPPORTUNITIES MARONAN METALS AGM PRESENTATION| NOVEMBER 2025 Shallow resources north of Starter Zone Additional conversion of Inferred resources Potential for higher mining rate scenarios SHALLOW, HIGH-GRADE AND DEVELOPMENT-READY 9
Slide 10: MMA – Investment Case
MMA – INVESTMENT CASE VALUABLE TODAY, SCALABLE TOMORROW MARONAN METALS AGM PRESENTATION| NOVEMBER 2025 OPPORTUNITY STRONG SCALE & DEVELOPMENT PROVEN ECONOMICS 1 GROWTH FLEXIBILITY TEAM A$377m NPV, 37% IRR Less than 15% of Global Stand-alone and Experienced mine 10-year project, 4 year Resources cons
Slide 11: Maronan Project Virtual Tour
MARONAN PROJECT VIRTUAL TOUR MARONAN METALS AGM PRESENTATION| NOVEMBER 2025 https://vrify.com/decks/20234 11
Slide 12: A$377M NPV | 37% IRR | 10-Year Mine Life
A$377M NPV | 37% IRR | 10-YEAR MINE LIFE 1 THIS IS ONLY THE BEGINNING VALUABLE TODAY, SCALABLE TOMORROW 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
Slide 13: 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 14: Appendix 1: June 2025 Updated Starter Zone Mineral Resource Silver-Lead
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 15: 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 16: 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 16