Maronan Metals (ASX:MMA) has achieved a major regulatory milestone with the official granting of Mineral Development Licence 2028 for its Maronan Silver Project.
Located in north-west Queensland, the approval marks a critical transition for the company as it moves the asset toward development readiness.
The licence covers the Maronan deposit and proposed mine infrastructure situated within the company’s wholly-owned EPM 13368.
The granting of MDL 2028 follows the completion of all necessary statutory requirements, including environmental approvals and Native Title agreements.
The licence permits the excavation of a boxcut and the development of a decline, allowing for underground access.
The infrastructure will facilitate an accelerated drill-out of the "Starter Zone" resource, which is essential for future ore reserve estimation and potential reserve conversion.