Maronan Metals Ltd · ASX:MMA
Maronan Metals — Noosa Mining Investor Conference 2026
23 slides from Maronan Metals's conference presentation, Jul 22, 2026
Slide 1: Maronan Silver Project
ASX:MMA Maronan Silver Project A Scalable, High-Leverage Silver Development Project Noosa Mining Investor Conference 2026 Presenter: Andrew Barker – Exploration Manager July 2026
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER INVESTOR PRESENTATION | JULY 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: Since We Last Met
SINCE WE LAST MET INVESTOR PRESENTATION | JULY 2026 1 Scoping Study delivered 2 Mineral Development Licence granted Starter Zone PEA returning A$377M NPV8 and 37% IRR, Approved within 12 months of application, unlocking from ~22% of the Global Resource1 permitting for the Boxcut and exploration decl
Slide 4: Share Price Chart and Capital Snapshot
ASX:MMA INVESTOR PRESENTATION | JULY 2026 Share Price Chart (to 20 July 2026) Capital Snapshot Market Cap $124.1M Shares on Issue 314,269,541 Share Price (20 July 2026) 39.5c Cash (at 30 June 2026) $33.4M Enterprise Value $90.7M % held by substantial holders 28.2% Options1 24,150,000 Substantial Sha
Slide 5: Strategic Capital to Advance the PFS
STRATEGIC CAPITAL TO ADVANCE THE PFS 19.99% INVESTOR PRESENTATION | JULY 2026 Stake acquired via placement Kinterra Capital – institutional validation, not just capital A Toronto-based private equity firm with ~US$1.5B in committed A$22M capital and 20 years of critical minerals investment experienc
Slide 6: Management: Experience That Delivers Mines
EXPERIENCE THAT DELIVERS MINES Proven Mine Development and Execution Experience INVESTOR PRESENTATION | JULY 2026 DIRECTORS Richard Carlton Simon Bird Robert Rutherford Matthew Hine Managing Director Non−Executive Chairman Non-Executive Non-Executive Director Transitioning to NED 1 Dec Technical Dir
Slide 7: Asset Overview
ASSET OVERVIEW • >65Mt of Inferred and Indicated Resources • 33Mt of Silver-Lead Resource & 32Mt of GLOBAL INVESTOR PRESENTATION | JULY 2026 Copper-Gold Resource2 Scale, Quality and Development Optionality RESOURCE • 122Moz Silver 2Mt Lead 271Kt Copper 760Koz Gold2 • 10-year project reaching 1.2Mtpa
Slide 8: In a District That Builds Mines
IN A DISTRICT THAT BUILDS MINES INVESTOR PRESENTATION | JULY 2026 LOCATION Queensland, Australia – North West Minerals Province; a Tier-1 geological neighborhood and a state government supporting new mine development Eva Dugald River ESTABLISHED PERMITTING PATHWAYS Ernest Henry Mineral Development L
Slide 9: Starter Zone PEA Shows Compelling Economics
STARTER ZONE PEA SHOWS COMPELLING ECONOMICS Two Development Pathways Evaluated INVESTOR PRESENTATION | JULY 2026 STAND ALONE ONSITE PROCESSING TOLL TREATING • 10-year project schedule with average • Considers the same mining scenario steady state annual metal in concentrate: as a stand-alone plant 3
Slide 10: Maronan Project Team
MARONAN PROJECT TEAM INVESTOR PRESENTATION | JULY 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 GeoTec
Slide 11: Resource Growth Runway
RESOURCE GROWTH RUNWAY 40,000m 2026 drilling programme target INVESTOR PRESENTATION | JULY 2026 2025 PEA1 was based on 40,000m infill drilling programme 2→3 Rigs on site; third from August 2026 mining a small proportion of underway to convert more of the the resource (22% of Global Resources to Indi
Slide 12: Metallurgy
METALLURGY INVESTOR PRESENTATION | JULY 2026 Lead Floatation • Pb Rec > 90 % • Ag Rec > 90 % • Very High-Grade Concentrate • >70% Lead, > 1,500 g/t Silver Copper Floatation • Cu Rec > 90% • Au Rec 80 – 88 % Rec • Good quality concentrates • 23 – 27 % Cu • 10 – 15 g/t Au Floatation Testwork on Marona
Slide 13: Permitting: An Established Pathway, Not a Speculative One
PERMITTING: AN ESTABLISHED PATHWAY, NOT A SPECULATIVE ONE 12 months Time from application to Mineral INVESTOR PRESENTATION | JULY 2026 Development Licence approval Mineral Development Licence already secured – Permitting construction of the Boxcut and exploration H1 FY27 decline was approved within
Slide 14: Indicative Development Timetable & News Flow
INDICATIVE DEVELOPMENT TIMETABLE & NEWS FLOW FY26 FY27 FY28 FY29 INVESTOR PRESENTATION | JULY 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 Prelim
Slide 15: Near-Term Catalysts (Next 12–18 Months)
NEAR-TERM CATALYSTS (NEXT 12–18 MONTHS) August 2026 INVESTOR PRESENTATION | JULY 2026 Third rig mobilisation August 2026 | Third rig mobilises Lifting the 40,000m drilling programme to full three-rig pace H1 FY27 Target for Mining Licence application lodgement Ongoing | Resource conversion drilling
Slide 16: Turning a Discovery Into a Mine
TURNING A DISCOVERY INTO A MINE >65Mt Inferred + Indicated Global Resource INVESTOR PRESENTATION | JULY 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 PEA p
Slide 17: No Bull
NO BULL INVESTOR PRESENTATION | JULY 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) 17
Slide 18: PEA Sensitivity to Metal Pricing
APPENDIX 1 PRELIMINARY ECONOMIC ASSESSMENT SENSITIVITY TO METAL PRICING INVESTOR PRESENTATION | JULY 2026 Spot Metal Prices Financials (Pre-Tax) Base Case Total (AUD Million) 19-Sep-25 Revenue 2,193 2,440 Copper Conc 168 190 Lead Conc 2,025 2,250 Pre-Production Capital Costs (Yrs 1–2) 266 266 Operat
Slide 19: PEA Sensitivity to Silver Price
APPENDIX 1 PRELIMINARY ECONOMIC ASSESSMENT SENSITIVITY TO SILVER PRICE INVESTOR PRESENTATION | JULY 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
Slide 20: June 2025 Updated Mineral Resource Silver-Lead
APPENDIX 2 ASX:MMA 06 JUNE 2025 UPDATED MINERAL RESOURCE* SILVER-LEAD INVESTOR PRESENTATION | JULY 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
Slide 21: June 2025 Updated Starter Zone Mineral Resource Silver-Lead
APPENDIX 2 ASX:MMA 06 JUNE 2025 UPDATED STARTER ZONE MINERAL RESOURCE* SILVER-LEAD INVESTOR PRESENTATION | JULY 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 Ton
Slide 22: June 2025 Updated Mineral Resource Copper-Gold
APPENDIX 2 ASX:MMA 06 JUNE 2025 UPDATED MINERAL RESOURCE* COPPER-GOLD INVESTOR PRESENTATION | JULY 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 23: March 2024 Mineral Resource Gold-Only
APPENDIX 2 ASX:MMA 12 MARCH 2024 MINERAL RESOURCE* GOLD-ONLY INVESTOR PRESENTATION | JULY 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 23
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