About
Company Profile
MARONAN METALS LIMITED is an Australian mineral explorer focused on realising the growth potential of the advanced Maronan copper-gold and silver-lead deposit in the Cloncurry region of Northwest Queensland - one of Australia's most productive mineral provinces.
The Maronan Project contains JORC 2012 compliant Inferred Resources of:
- 30.8Mt @ 6.5% lead with 106 g/t silver (using a 3% lead cut-off grade)
- 11Mt @ 1.6% copper with 0.8 g/t gold (using a 1.0% copper cut-off grade)
The deposit offers significant untested exploration upside for high-value targets near surface and at depth.
Business Model
Maronan Metals Limited aims to build shareholder value through high-value discovery and advancement of the Maronan project towards development.
Near-term exploration programs aimed at achieving the Maronan Metal’s objective include:
- completion of drilling, targeting additional shallow, high value copper-gold and lead-silver mineralisation;
- drill test the potential for high value, supergene enriched copper-gold mineralisation from 40 to 700 metres below surface;
- drill test the thickened, hinge zone regions for enriched, high-grade silver-lead mineralisation;
- completion of deeper drilling targeting scope for larger, higher-grade copper-gold and lead-zinc-silver extensions where two separate exploration plays are speculated; and
- identification of other strategic resource opportunities that have the potential to deliver value for Shareholders.
