Maronan Metals Ltd has announced exciting results from the final assays of its 2024 drilling program at the Maronan Project in Northwest Queensland, highlighting significant high-grade copper-gold mineralization within the shallow Starter Zone. These discoveries hold the potential for early-stage mining operations, complementing the project's already substantial silver-lead resources.

The latest batch of assay results underscores the growing significance of the copper-gold potential at Maronan. Notably, drill hole MRN24015 intersected a substantial 15.35 meters at 0.78% copper and 0.53 g/t gold. Furthermore, drill hole MRN24018W1 delivered a high-grade hit of 0.6 meters at an impressive 3.69% copper and 12.2 g/t gold, showcasing the presence of concentrated, high-value copper and gold within the Starter Zone. These intercepts and the other encouraging copper-gold results, suggest the potential for a valuable copper-gold resource in addition to the project's established silver-lead assets.

Maronan Metals Managing Director Richard Carlton emphasized the importance of these copper-gold findings, stating, "The final assays from our 2024 program have delivered excellent copper-gold results within the shallow Starter Zone. These high-grade intercepts significantly enhance the project's appeal and present exciting opportunities for potential early mining scenarios." He further noted that the company has commenced updating the mineral resource estimates for the Starter Zone, specifically including the newly identified copper-gold mineralization, a crucial step towards realizing the project's mining potential.

While the drilling program also continued to confirm the strong continuity of the high-grade silver-lead mineralization along the Eastern Horizon, with significant intercepts lead and silver, the emerging copper-gold discoveries add a new dimension to the Maronan Project's economic viability. The presence of both high-grade silver-lead and copper-gold within the accessible Starter Zone provides Maronan Metals with increased flexibility in its development strategy and the potential for a more diversified revenue stream.

The Maronan Project is located in the mineral-rich Cloncurry region, approximately 90 km north of the operating Cannington Silver-Lead-Zinc Mine. Maronan Metals is actively advancing the project on multiple fronts. The company is currently focused on incorporating the latest drilling data into updated mineral resource estimates for both the silver-lead and copper-gold domains within the Starter Zone. Parallel to this, crucial environmental baseline studies, including water and noise monitoring, as well as flora and fauna surveys, are underway to support the necessary permitting processes.

Discussions with key stakeholders regarding the Mineral Development License application are also progressing, and heritage surveys are scheduled for April to facilitate drill pad clearances for the planned 2025 drilling program.