Past year: ▲ 24%(29.5c – 60.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
3 Sept 2026annual report● Neutral
Annual report for the year to 30 June 2026 shows cash and short-term investments of $33.4M. It restates the Kinterra 19.99% investment, the Red Metal distribution, the MDL grant and Carlton's move to non-executive director on 1 December 2026.
3 Sept 2026admin correction● Neutral
Appendix 4G confirms the corporate governance statement, accurate as at 3 September 2026 and available on the company website, accompanying the annual report. Administrative filing with no new business information.
22 July 2026investor presentation● Neutral
Exploration Manager Andrew Barker presents at the Noosa Mining Conference. Visible text is disclaimers listing earlier announcements, including the May and July 2026 drilling results; no new results are visible.
15 July 2026drilling result▲ GoodMajor
Infill holes about 250m north of the Starter Zone hit shallow silver-lead, including 7.3m at 11.0% lead, 89 g/t silver from 345.7m, within 120m of the planned decline. A third rig is due in August for a 40,000m program.
27 May 2026capital raising announcement▲ GoodMajor
The $22M Kinterra placement is completed: 62,822,481 shares issued at 35.08c, making Kinterra about 19.99% of Maronan. Proceeds go to the expanded 2026 drilling, PFS workstreams and working capital. This completes the deal announced on 20 May.
What it means for a shareholder
62.8m new shares at A$0.3508 to raise about A$22.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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22 May 2026security holder rights change● Neutral
Red Metal's in-specie distribution of about 73.1M Maronan shares to its shareholders is complete; Red Metal keeps about 15.4M. Maronan's issued capital and operations are unchanged, but its direct shareholder base is broader. This closes the open Red Metal thread.
20 May 2026capital raising announcement▲ GoodMajor
Binding agreement for Kinterra Capital's fund to subscribe about $22M at 35.08c per share (62,822,481 shares), giving it 19.99%. Pro-forma cash is about $36.6M from $14.6M at 31 March. Kinterra may nominate one director or observer; 6-month standstill applies. Funds the expanded drilling and PFS.
15 May 2026drilling result▲ GoodMajor
First 2026-program assays from four Starter Zone infill holes: 21.5m at 0.63% copper, 0.68 g/t gold from 125m, and 6.0m at 2.51% copper, 1.77 g/t gold from 238m, plus silver-lead intercepts. Resolves the pending infill assays; resource update expected second half 2026.
13 May 2026director officer appointment● NeutralMajor
Managing Director Richard Carlton will step down as MD from 1 December 2026, and a search for a new CEO/MD has begun. He stays involved and remains on the board. The board is also assessing changes to its composition.
7 May 2026investor presentation● Neutral
Project Director Dean Fredericksen presents at the RIU Sydney Resources Roundup. Visible text is only disclaimers citing the June 2025 resource and September 2025 PEA; no new results are visible.
5 May 2026drilling progress report▲ Good
Second rig is now operating and the 2026 program is on its sixth hole, aimed at growing the Indicated Resource beyond the PEA's 13Mt near-surface inventory. No assay results yet. A pre-feasibility study and a resource update are planned.
13 Apr 2026drilling scheduled▲ Good
Surface drilling restarts after the wet season in an expanded 2026 program, with a second rig due to mobilise by end of April. Assays from the 2025 infill holes are still pending. Tenders for the exploration decline are under review.
31 Mar 2026other● NeutralMajor
Red Metal, holding 88.5M Maronan shares (about 35.2%), proposes distributing about 73.1M to its own shareholders, subject to their vote, keeping about 15.4M. Maronan's share count and operations are unchanged. The chair expects broader ownership and better liquidity.
3 Mar 2026regulatory community update▲ GoodMajor
Mineral Development Licence 2028 is granted over the Maronan deposit in the 100%-owned EPM 13368, less than 12 months after application. It allows a boxcut and decline to 200m depth. It does not commit the company to works or mean funding is secured. This resolves the main permitting thread.
3 Mar 2026investor presentation● Neutral
Project Director Dean Fredericksen presents to the Melbourne Mining Club. Visible text is only disclaimers citing the existing resource and PEA; no new results are visible.
18 Feb 2026investor presentation● Neutral
Andrew Barker presents at the RIU Explorers Conference. Visible text is only disclaimers citing the existing resource and PEA; no new results are visible.
18 Feb 2026half year report● Neutral
Half-year to 31 December 2025 shows a loss after tax of $5.07M (prior year $6.88M). It restates the $17.6M raise, PEA and MDL progress. The visible text does not show the cash balance.
12 Feb 2026investor presentation● Neutral
Exploration Manager Andrew Barker presents at the Bell Potter Unearthed conference. Visible text is only disclaimers referencing the existing June 2025 resource and September 2025 PEA; no new information is visible.
3 Feb 2026investor presentation● Neutral
Chair Simon Bird presents at the Eastern Seaboard Base and Precious Metals Conference. Visible text is only disclaimers citing the June 2025 resource and September 2025 PEA; no new results are visible.
28 Jan 2026other▲ Good
Copper-gold flotation testwork shows gold recoveries up to 88% from primary ore, versus 50-70% in earlier work, and copper recoveries above 96%. Primary ore is 89% of the copper-gold resource. Further optimisation work has started, including toll treatment analysis.
7 Jan 2026director officer appointment▲ GoodMajor
Lindi Lochner appointed Chief Financial Officer from 23 February 2026 and Mark Brown Compliance & Contracts Manager from 16 February. Managing Director Richard Carlton, on leave since August, is hopeful of returning full-time this quarter.
22 Dec 2025drilling progress report▲ Good
First phase of surface drilling is complete: four infill holes in the Starter Zone (assays due February 2026) and six geotechnical holes for the boxcut and decline. The company is confident the Mineral Development Licence will be granted early in 2026.
1 Dec 2025security holder rights change● Neutral
Following AGM approval, Maronan issued 6,000,000 unquoted options to directors and 1,500,000 unquoted performance rights to Managing Director Richard Carlton. Adds to the share base on exercise or vesting; terms are in the Notice of Meeting.
26 Nov 2025security holder rights change● Neutral
Company lodges its amended constitution, approved by shareholders at the 26 November AGM. The visible text does not show what was changed.
26 Nov 2025investor presentation● Neutral
2025 AGM presentation by Project Director Dean Fredericksen under the 'Advancing Australia's Next Silver Mine' theme. Visible text is only disclaimers citing the June resource and September PEA; no new results visible.
10 Nov 2025regulatory community update▲ Good
The Takeovers Panel consented to Ben Pauley withdrawing his application about the October placement and SPP. No reasons will be published. This ends the Panel challenge; his separate Federal Court proceedings are not mentioned.
3 Nov 2025capital raising announcement● NeutralMajor
The Share Purchase Plan closed having raised only $1.568M (4,479,948 shares at $0.35), against a target of up to $3M. With the $16.0M placement, total raised is about $17.6M before costs, to fund feasibility, drilling and early works.
What it means for a shareholder
4.5m new shares at A$0.350 to raise about A$1.6m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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29 Oct 2025regulatory community update● Neutral
Maronan responds to the Takeovers Panel application, saying the claims concern third-party investors and brokers, not the company or directors. It notes the Panel declined similar claims from the same shareholder in 2024, and says Federal Court proceedings by him continue. Operations unaffected.
28 Oct 2025regulatory community update▼ Bad
Takeovers Panel announces an application from shareholder Ben Pauley about the October $16M placement at $0.35 and the SPP. He alleges undisclosed associations between placees and Veritas and seeks to defer the SPP and cancel or amend the placement. No decision made and no comment on merits.
23 Oct 2025drilling progress report▲ Good
Surface diamond drilling recommenced at Maronan in early October, starting the definitive feasibility study work. The FY26 program aims to grow the Indicated resource, complete geotechnical and groundwater holes for the decline, and test shallow extensions north of the Starter Zone. No results yet.
