MMA 2.17% 22.5¢ maronan metals limited

Ann: Very Strong Results Round Out 2023 Drilling Program, page-4

  1. 4,938 Posts.
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    Nice hits and lots of grade and continuity, but by golly that recent hole is reasonably deep. Might be be a long life underground mine one day in the future but a massive capital cost to get mining down there and a step change in metal prices to make it happen to get over the capital hurdle, and needs a mill/treatment solution and a high grade starter shallow orebody discovery (possibly nearby) to give the economics a boot up the backside. Maronan going to require a starter pit, then a shaft with narrow high grade body going vertically down to infinity below the ground.

    Looks all technically feasible to mine this but the economics and capital hurdles need to be overcome.
 
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