MARONAN METALS LIMITED(MMA)

The suspension of trading in the securities of Maronan Metals Limited will be lifted immediately following the release by MMA of an announcement regarding its Preliminary Economic Assessment.

The Preliminary Economic Assessment for the Maronan Metals Starter Zone project demonstrates strong economic viability through two scenarios: onsite processing and toll treatment. Onsite processing indicates a Net Present Value at 8% (NPV8) of $377 million, an internal rate of return of 37%, and a free cash flow of $683 million, requiring $266 million in capital expenditure. The toll treatment option has a lower capex of $98 million, an NPV8 of $362 million, and a higher IRR of 67%. Future projections suggest that the NPV8 for standalone processing could increase to $533 million by September 2025, with free cash flow anticipated to reach $917 million. The project has a mineral resource consisting of 70% indicated and 30% inferred resources, with expected recoveries of 23 million ounces of silver, along with lead, copper, and gold. Ongoing financing discussions aim to support development, offering investment flexibility through both strategies.

The securities of Maronan Metals Limited have been suspended from quotation, effective immediately, at the company's request pending the release of an announcement. The suspension will remain in effect until the earlier of the period specified in MMA's voluntary suspension request or the release of the announcement to the market, unless otherwise determined by ASX.

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