Past year: ▲ 24%(29.5c – 60.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
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.
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.
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.
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.
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.
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.
4 Feb 2025investor presentation● Neutral
MD presentation at the NSW/QLD Precious and Base Metals Mining Conference, 4 February 2025. Visible text is only disclaimers referencing earlier drilling and the March 2024 resource; no new results are visible.
31 Jan 2025quarterly activities report▲ Good
December 2024 quarter: the 2024 drill program finished at the top of guidance, 10,076m. Lab quality issues delayed some assays. A resource update is scheduled for April 2025, and mine-ready studies and permitting steps for a Mineral Development Licence are advancing. Cash figures not visible.
3 Dec 2024investor presentation● Neutral
MD presentation at the Resources Rising Stars Conference, 3 December 2024, titled 'Advancing towards Mine Ready'. Visible text is only disclaimers referencing the March resource and 7 August intercept; no new results are visible.
27 Nov 2024admin correction● Neutral
Adds extra disclosure under Listing Rule 5.3 to the September 2024 quarterly report, via an addendum. The visible text does not show what the addendum contains, so no new figures or results can be confirmed.
20 Nov 2024security holder rights change● Neutral
Following AGM approval on 11 November, 10,000,000 director options were issued at $0.275, expiring 15 November 2027: 4,000,000 each to Richard Carlton and Robert Rutherford, and 2,000,000 to Simon Bird.
14 Nov 2024investor presentation● Neutral
MD presentation at the Noosa Mining Conference, 14 November 2024. Visible text is only disclaimers, referencing the March resource and the 7 August intercept; no new results are visible.
11 Nov 2024admin correction● Neutral
Re-issue of the 7 November drilling announcement, adding a summary of the March 2024 resource estimates and a competent person comment on metal equivalent recoverability. The drilling results themselves are unchanged.
11 Nov 2024investor presentation● Neutral
MD presentation at the 2024 AGM, 11 November 2024. Visible text is only disclaimers, referencing the March resource and the 7 August intercept; no new results are visible.
7 Nov 2024drilling result▲ GoodMajor
MRN24005 hit 18.41m at 5.3% lead, 146g/t silver and MRN24006 hit 11.94m at 7.8% lead, 158g/t silver, completing the close-spaced test of grade variability. Drilling has passed 7,000m, with a resource review planned for early 2025.
30 Oct 2024quarterly activities report▲ Good
September 2024 quarter: first four holes of the 2024 program reported, including the 1520g/t silver intercept. 5,914m drilled across twelve holes, with eight awaiting assays. Mine scenario modelling and mining licence permitting studies have begun. Cash figures are not visible.
28 Oct 2024investor presentation● Neutral
MD presentation at the October 2024 investor roadshow, 28 October 2024. Visible text is only disclaimers, referencing the March resource and the 7 August intercept; no new results are visible.
21 Oct 2024security holder rights change● Neutral
2,209 shares issued on exercise of $0.30 options expiring 19 October 2024, raising $662.70, plus 1,104 secondary options at $0.60 expiring 30 June 2025. Minor exercise, with no placement capacity used.
16 Oct 2024security holder rights change● Neutral
3,774 shares issued on exercise of $0.30 options expiring 19 October 2024, raising $1,132.20, plus 1,886 secondary options at $0.60 expiring 30 June 2025. Tiny option exercise, with no placement capacity used.
1 Oct 2024auditor change● Neutral
BDO Audit Pty Ltd appointed auditor after BDO Audit (WA) resigned with ASIC consent, due to BDO's national integration of its audit practice. This follows the 30 September annual report re-issue; shareholders will be asked to confirm the appointment at the next AGM.
30 Sept 2024admin correction● Neutral
Annual report re-issued because it named BDO Audit as auditor when BDO Audit (WA) is still the current auditor. BDO Audit retracted its report and BDO WA issued one. The only change is the auditor name; no financial changes.
25 Sept 2024drilling result▲ GoodMajor
Infill holes MRN24003, its twin MRN24003W1 and MRN24004 hit wide silver-lead: 17.1m at 3.6% lead, 103g/t silver; twin 15.37m at 3.7% lead, 105g/t; MRN24004 15.85m at 4.1% lead, 111g/t. The near-identical twin supports grade continuity in the March resource model.
18 Sept 2024investor presentation● Neutral
MD presentation at the GBA Emerging Copper Conference, 18 September 2024. Visible text is only disclaimers, referencing the March resource and the 7 August intercept; no new results are visible.
11 Sept 2024annual report▲ Good
Annual report for year to 30 June 2024. The chair cites the $9m June raise (first since 2022 listing), the maiden Indicated Resource and the 1520g/t silver intercept, and says the 7,000-10,000m drilling is well underway. Financial statements are not visible.
11 Sept 2024admin correction● Neutral
Appendix 4G and corporate governance statement for the year to 30 June 2024, accurate as at 11 September 2024 and approved by the board. Administrative filing with no new substance.
28 Aug 2024investor presentation● Neutral
MD presentation at the Australian Gold Conference, 28 August 2024. Visible text is only disclaimers, referencing the March resource and the 7 August bonanza intercept; no new results are visible.
7 Aug 2024drilling result▲ GoodMajor
First 2024 infill hole MRN24002 hit 23.32m at 5.0% lead, 175g/t silver, including 0.71m at 22.1% lead, 1520g/t silver, the highest silver assay at Maronan. Continuity between holes supports the March 2024 resource model.
31 July 2024quarterly activities report▲ Good
June 2024 quarter: the placement and SPP raised about $9m, with cash of $10.1m at 30 June. Drilling restarted (four holes done), the revised mining study continues, and mining lease groundwork began. Panel application was declined and legal fees were incurred.
19 June 2024investor presentation● Neutral
MD presentation at the RIU Gold Coast showcase, 19 June 2024. Visible text is only disclaimers, referencing the 12 March 2024 resource estimate; no new results are visible.
