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Maronan Metals Ltd

ASX:MMA
A$0.415Close 7 Oct 2026 · delayed

Past year: ▲ 24%(29.5c – 60.0c AUD)

Market cap
—
Shares on issue
0
Story beats
36 since 2022
Last event
15 July 2026

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

15 Oct 2025capital raising announcement● Neutral

Offer booklet for the Share Purchase Plan: eligible shareholders can buy $2,000 to $30,000 of shares at $0.35, the same price as the $16.0M placement, targeting a maximum $3M. Follows the 8 October raising; no new information.

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14 Oct 2025investor presentation● Neutral

Presentation at the Australian Gold Conference, 14 October 2025, repeating the 'Advancing Australia's Next Silver Mine' theme. Visible text is only disclaimers citing the PEA and earlier releases; no new results visible.

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8 Oct 2025capital raising announcement● NeutralMajor

Maronan raises about $16M via a placement of 45,714,286 shares at $0.35, an 18.6% discount to the last close, plus a Share Purchase Plan of up to $3M at the same price. Funds feasibility, drilling and early works pending MDL approval, following the PEA.

What it means for a shareholder

45.7m new shares at A$0.350 to raise about A$16.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.

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25 Sept 2025investor presentation● Neutral

Notice of a live investor webinar on 30 September 2025 where Chairman Simon Bird and Project Director Dean Fredericksen will discuss the PEA, with Q&A. No new results.

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24 Sept 2025investor presentation● Neutral

Company presentation of 24 September 2025, 'Advancing Australia's Next Silver Mine', on the Preliminary Economic Assessment. Visible text is only disclaimers citing the 23 September PEA and earlier releases; no new figures visible.

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23 Sept 2025listing compliance notice● Neutral

ASX confirms the suspension will lift immediately after Maronan releases its Preliminary Economic Assessment. Trading resumes with the 23 September PEA release; administrative notice.

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23 Sept 2025other▲ GoodMajor

Starter Zone scoping study (±35% accuracy): 10-year mine at 1.2Mtpa. Standalone plant: NPV8 about $377M, IRR 37%, $266M capex. Toll treatment: NPV8 $362M, IRR 67%, $98M capex. Delivers the PEA guided for September; about 30% of the schedule is Inferred resource, and funding is uncertain.

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18 Sept 2025listing compliance notice● Neutral

At its own request, Maronan's shares are suspended from 18 September 2025 while it finalises the Preliminary Economic Assessment, which needs more time. Suspension lasts until the PEA is released or trading on 25 September. Explains the earlier pause.

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17 Sept 2025investor presentation● Neutral

Exploration Manager Andrew Barker presented at Resources Rising Stars, 17 September 2025, repeating the 'Queensland Silver Development Story With More' theme. Visible text is only disclaimers citing the June resource and earlier drilling; no new results visible.

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16 Sept 2025listing compliance notice● Neutral

ASX temporarily pauses trading in Maronan shares pending a further announcement. No reason is given in the notice. It precedes the voluntary suspension requested two days later.

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8 Sept 2025other● Neutral

Board adopts an updated Trading Policy for directors and key staff, effective 5 September 2025, as part of a corporate governance review. Administrative notice with no operational or financial content.

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8 Sept 2025other● Neutral

Appendix 4G corporate governance checklist for the year to 30 June 2025, with the statement published on the website and approved by the board on 5 September 2025. Administrative; no new information.

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8 Sept 2025annual report● Neutral

FY2025 annual report: Starter Zone infill drilling more than doubled the Indicated silver-lead resource, with the first Indicated copper-gold estimate. MDL and environmental approvals are expected late 2025, with possible box cut construction from 2026 if funded. PEA described as due shortly. Financials not visible.

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18 Aug 2025director officer appointment▼ BadMajor

Managing Director Richard Carlton takes about two months' leave for personal reasons from 18 August 2025. Chairman Simon Bird covers corporate duties, and consultant Dean Fredericksen is appointed Project Director for day-to-day operations.

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7 Aug 2025material agreement● Neutral

Austral Resources' side of the 7 August MoU: a non-binding agreement to study toll treatment of Maronan ore at its newly acquired Rocklands plant. Austral says metallurgical work and commercial negotiations remain. Duplicates Maronan's own release; nothing binding.

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7 Aug 2025material agreement▲ Good

Non-binding, non-exclusive MoU with Austral Resources (ASX:AR1) to study toll treatment of Maronan ore at its Rocklands plant near Cloncurry. No commitment or material financial impact. It gives an option for processing without building a plant, following March's Rocklands letter of interest.

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23 July 2025investor presentation● Neutral

Exploration Manager Andrew Barker presented at the Noosa Mining Conference, 23 July 2025, titled 'The Queensland Silver Development Story With More'. Visible text is only disclaimers citing the June resource and earlier drilling; no new results are visible.

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13 June 2025other● Neutral

Maronan disclosed a Federal Court application, received 24 May 2025, by a shareholder seeking to inspect company records on share trading, nominee holdings and its Rocklands plant expression of interest. Maronan sent a non-binding letter of interest in March 2025; no binding proposal exists. Company says exploration plans are unaffected.

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10 June 2025investor presentation● Neutral

Company update presentation, 10 June 2025, on the 2025 resource update. Visible text is only disclaimers citing the amended 6 June announcement and earlier drilling releases; no new figures are visible.

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6 June 2025admin correction● Neutral

Re-release of the 3 June resource announcement, amended under Listing Rule 5.8.1 to put a summary of material resource information in the body of the report. The headline figures repeat the original: 12.2Mt Starter Zone, 5.3Mt Indicated.

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3 June 2025resource reserve update▲ GoodMajor

Updated resource: Starter Zone Indicated silver-lead grew 2.5 times to 5.3Mt at 5.2% lead, 116 g/t silver, from 2.1Mt. Starter Zone total is 12.2Mt at 5.0% lead; maiden Indicated copper-gold is 1.6Mt at 0.77% copper. Delivers the guided update; scoping study update is underway.

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12 May 2025director officer appointment▲ Good

Mining engineer Matthew Hine joins the board as independent non-executive director from 12 May 2025. He is CEO of Abra Mining and a former COO of Adriatic Metals, adding mine-building experience as Maronan heads towards mine readiness.

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6 May 2025investor presentation● Neutral

MD presentation at the RIU Sydney Resources Round-Up, 6 May 2025, repeating the 'Advancing towards Mine Ready' theme. Visible text is only disclaimers citing earlier announcements; no new results are visible.

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15 Apr 2025investor presentation● Neutral

MD presentation at the Gold Coast Gold Conference, 15 April 2025, titled 'Building Confidence and Advancing towards Mine Ready'. Visible text is only disclaimers citing earlier announcements, including the 9 April final assays; no new results are visible.

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9 Apr 2025drilling result▲ GoodMajor

Final batch of 2024 assays: Eastern Horizon silver-lead narrows and gets patchier at the northern end, e.g. MRN24017 4.26m at 4.1% lead, 100 g/t silver. Copper-gold is stronger there, e.g. MRN24015 15.35m at 0.78% copper. An updated resource estimate is now under way.

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11 Mar 2025regulatory community update▲ GoodMajor

Lodged an application for a Mineral Development Licence over the Maronan deposit and potential infrastructure within EPM 13368 (100% owned). Grant could allow an exploration decline and bulk sampling, but is not committed. Native title and environmental approvals are still required.

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6 Mar 2025drilling result▲ GoodMajor

More assays from the 2024 program: MRN24010 hit 31m at 5.1% lead, 70 g/t silver in the Western Horizon, and MRN24014 hit 20.9m at 4.7% lead, 120 g/t silver. Four holes remain, and a resource update is under way.

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24 Feb 2025half year report● Neutral

Half-year to 31 December 2024: loss of $6.88m, versus $3.31m a year earlier. The 10,076m drill program completed; a resource review and Scoping Study-level financial review are planned for the first half of 2025. Balance sheet figures not visible.

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18 Feb 2025other▲ GoodMajor

First optimisation metallurgy on Starter Zone carbonate-hosted ore gave concentrates above 74% lead and 2,900 g/t silver, with recoveries up to 95% lead and 91% silver. Fluorine can be cut by over 50%. This advances the metallurgy thread from April 2024's sighter tests.

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11 Feb 2025investor presentation● Neutral

MD presentation at the Natural Resources Virtual Conference, 11 February 2025. Visible text is only disclaimers referencing earlier announcements; no new results are visible.

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