Maronan Metals Advances Queensland Silver-Lead Project Toward PFS

Maronan Metals is advancing its Northwest Queensland silver-lead-copper-gold project toward a pre-feasibility study (PFS) after completing about a quarter of its planned infill drilling program.

The company estimates that the project could generate an NPV8 of around A$750 million at current spot silver prices, up from A$377 million estimated in the Scoping Study.

Maronan Metals said it has made significant progress on the Starter Zone, which accounts for less than 25% of the global resource. The company expects to release a resource update before the end of the financial year and complete its first ore reserve by mid-next year.