Maronan is a 100%-owned advanced silver-lead and copper-gold project on EPM 13368 and MDL 2028 in northwest Queensland. The September 2025 Starter Zone scoping study evaluated underground longhole open stoping at 1.2 Mtpa over ten years. Maronan prefers an onsite flotation plant, for which the study reported a pre-tax A$377 million NPV at an 8% discount rate, a 37% pre-tax IRR and A$266.3 million detailed pre-production capital. These pre-tax returns are not stored in the post-tax cache fields. MDL 2028 was granted in March 2026, permitting a boxcut and exploration decline for drilling, bulk sampling and feasibility work, but a Mining Lease and further development approvals are still required before mining. Two surface rigs were active during the expanded 2026 resource-conversion program, with an updated Mineral Resource Estimate anticipated in the second half of 2026.
- Country
- Australia
- Commodity
- Ag
- Stage
- Pre-Feasibility