Maronan Metals (ASX:MMA) | Drilling Intersects High-Grade Silver-Lead Mineralisation
Maronan Metals Limited (ASX:MMA) | Exploration Update | 15 July 2026
Maronan Metals Limited has released new assay results from infill drilling at the Maronan Project in northwest Queensland, intersecting shallow high grade silver lead mineralisation approximately 250 metres north of the Starter Zone and within 120 metres of the company's fully permitted exploration decline.
This episode covers:
Results from five drill holes, including headline intersections of 7.3 metres at 11.0% lead and 89g/t silver, including 4.3 metres at 15.8% lead and 118g/t silver. On the Western Horizon, drilling returned 5.5 metres at 6.6% lead and 97g/t silver, including a higher grade interval of 2.6 metres at 13.0% lead and 141g/t silver.
The results form part of the company's 40,000 metre surface infill drilling program, which is intended to support the prefeasibility work program. More than 7,000 metres have been completed, two drill rigs are operating, and a third rig is scheduled to arrive on site in August 2026.
The company says unexpected lead rich sulphide mineralisation has been identified north of the Northern Dyke and will be followed up with additional drilling. Hole MRN26006 was abandoned before reaching target depth due to bogged rods and is planned to be redrilled. Several completed drill holes are awaiting assays, with further results expected through the remainder of 2026.
Key developments to watch include additional assay results, the arrival of the third drill rig in August, follow up drilling on the newly identified target north of the Northern Dyke, the redrilling of MRN26006, and ongoing progress on the prefeasibility work program.
Everything discussed in this episode is for information purposes only. Nothing constitutes financial advice. Listeners should conduct their own research and consider their own financial circumstances before making any investment decision.