10 May 2024security holder rights change● Neutral
4,039 shares issued on exercise of $0.30 options, raising $1,211.70, plus 2,019 unquoted secondary options at $0.60. Routine minor dilution.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 May 2024investor presentation● Neutral
MD investor presentation dated 8 May 2024; visible text is only disclaimers, referencing the 12 March 2024 resource estimate. No new results visible.
2 May 2024security holder rights change● Neutral
33,333 shares issued on exercise of $0.30 options, raising $9,999.90, plus 16,666 unquoted secondary options at $0.60. Routine minor dilution.
26 Apr 2024security holder rights change● Neutral
4,849 shares issued on exercise of $0.30 options, raising $1,454.70, plus 2,424 unquoted secondary options at $0.60. Routine minor dilution.
22 Apr 2024security holder rights change● Neutral
28,023 shares issued on exercise of $0.30 options, raising $8,406.90, plus 14,011 unquoted secondary options at $0.60. Routine minor dilution.
19 Apr 2024other● Neutral
Escrow release on 29 April 2024 of 84,499,990 shares (held by Red Metal), 7,015,965 $0.30 options, 10,000,000 director options and 4,000,000 performance rights. Issued capital unchanged; resolves the escrow thread for these securities.
19 Apr 2024listing compliance notice● Neutral
ASX queried whether the 15 April option cleansing notice was defective, as the market-sensitive metallurgy release came two business days later. MMA says it was aware of the information, but the notice wasn't legally required, so it proposes no further action.
17 Apr 2024other▲ GoodMajor
First metallurgical tests on pyroxene-hosted lead-silver ore gave 95% lead and 84% silver recovery, with concentrate up to 1,485 g/t silver at 51% lead. Copper ores gave 85-90% recovery and 25-27% copper concentrate, so saleable product looks feasible. Early-stage; follows the March resource.
15 Apr 2024security holder rights change● Neutral
5,522 shares issued on exercise of $0.30 options, raising $1,665.60, plus 2,776 unquoted secondary options at $0.60. Minor routine dilution with cleansing notice.
9 Apr 2024security holder rights change● Neutral
14,922 shares issued on exercise of $0.30 options, raising $4,476.80, plus 7,461 unquoted secondary options at $0.60 expiring 30 June 2025. Minor routine dilution with cleansing notice.
2 Apr 2024security holder rights change● Neutral
1,242 shares issued on exercise of $0.30 options, raising $372.60, plus 621 unquoted secondary options at $0.60 expiring 30 June 2025. Tiny routine dilution; includes a cleansing notice.
13 Mar 2024investor presentation● Neutral
Brisbane Mining Investor Conference presentation by the MD, restating the 12 March 2024 resource (32.1Mt silver-lead, maiden 2.1Mt Indicated; 32.5Mt copper-gold). Cash was $2.02M at 31 Dec 2023; 159.5m shares. No new results.
12 Mar 2024resource reserve update▲ GoodMajor
Updated resource gives a maiden Indicated Resource of 2.1Mt at 5.3% lead, 155g/t silver within the Shallow Starter Zone, within 100m of surface. Starter Zone total is 11.1Mt at 5.3% lead. Copper-gold Inferred grows to 32.5Mt at 0.84% copper; new gold-only 1.8Mt at 1.24g/t. Replaces the 2015 estimates.
27 Feb 2024half year report● Neutral
Half-year to 31 December 2023 loss was $3.31m, versus $4.54m a year earlier. Report confirms the 16,784m drill campaign finished and Red Metal's performance rights milestones were met. No subsequent events flagged; cash balance not visible.
5 Feb 2024investor presentation● Neutral
Conference presentation by the MD at the NSW/QLD mining conference describing Maronan as one of Australia's largest, highest-grade undeveloped silver resources. Visible text is disclaimers only; no new results.
2 Jan 2024security holder rights change● Neutral
Both milestones on Red Metal's 13,500,000 performance rights were met by five 2022/23 holes. Red Metal converted 9,500,000 rights into shares on 29 December 2023, escrowed; 4,000,000 rights remain unconverted. Resolves the performance rights thread and adds new shares.
2 Jan 2024security holder rights change● Neutral
Parent Red Metal says converting 9,500,000 performance rights lifts its holding in Maronan from 50% to 52.98%. It calls the stake a primary asset and long-term support; says a resource update and scoping study results are due shortly.
20 Dec 2023drilling result▲ GoodMajor
MRN23022, the final hole of the 2023 program, hit 8.4m at 17.1% lead, 112g/t silver on the Western Horizon, a 100m step-out from historic hole MRN07001. Western Horizon is flagged as a priority for future drilling; resource update due H1 2024.
12 Dec 2023drilling result▲ Good
Further Eastern Horizon assays include 18.5m at 5.0% lead, 106g/t silver in MRN23020, tracing continuous mineralisation at least 350m down plunge, still open. Shallow oxide copper-gold hits too (18.8m at 0.74% copper). Only MRN23022 assays remain pending.
16 Nov 2023investor presentation● Neutral
Noosa Mining Investor Conference presentation by the MD, describing Maronan as one of Australia's largest and highest-grade undeveloped silver resources. The visible text is only disclaimers and title; no new results.
8 Nov 2023drilling result▲ Good
Assays from Eastern Horizon holes MRN23014A, 15, 16 and 17 add more wide, shallow silver-lead hits, led by 22.8m at 5.8% lead, 138g/t silver in MRN23016, only 100m below surface. Supports the Starter Zone; assays for five holes remain due before Christmas.
16 Oct 2023director officer appointment● Neutral
Ian Gebbie replaces Catriona Glover as Company Secretary from 16 October 2023. Administrative change; the board and managing director are unchanged.
20 Sept 2023drilling result▲ Good
Eastern Horizon holes MRN23010-13 returned strong silver-lead, led by MRN23013 with 21.15m at 5.0% lead, 195g/t silver, and the project's highest single silver assay of 872g/t. 15,145m drilled to end-August; resource update now targeted for H1 CY24.
14 Sept 2023annual report● Neutral
Appendix 4G corporate governance checklist accompanying the annual report, pointing to the governance statement on the company website. Administrative; no substantive news.
14 Sept 2023annual report● Neutral
Annual report for the year to 30 June 2023. The Chairman says the company is on track with its prospectus forecasts; over 15,000m drilled at lower than forecast cost. Updated resource and mining studies are planned for next year. Financial figures not visible in the text.
30 Aug 2023investor presentation● Neutral
Conference presentation by the MD describing Maronan as one of Australia's largest and highest-grade undeveloped silver resources. The visible text is mostly disclaimers and repeats known facts; no new results.
9 Aug 2023drilling result▲ Good
MRN23008 assays confirm the visual galena: 5.8m at 8.4% lead, 231g/t silver and 11.8m at 5.9% lead in the Western Horizon. MRN23009 hit 4.8m at 4.3% lead, 139g/t silver in the Eastern Horizon. Resource and mine study update is planned later in 2023.
31 July 2023drilling result▲ Good
MRN23007 assays confirm the earlier visual galena: 13m at 4.3% lead, 174g/t silver (about 300m below surface), plus 9m at 1.78% copper, 2.41g/t gold in the oxide zone. Supports Starter Zone continuity; MRN23008 assays still due.
20 July 2023drilling result▲ Good
Copper-Gold Zone assays include MRN14004W1 81.8m at 0.41% copper, 0.57g/t gold, with 8m at 1.55% copper, 4.4g/t gold. MRN23004W2 hit 58m at 0.73% copper. Resolves the May wedge-hole visual result; higher-grade lenses show continuity, and an updated geological model is in preparation.
17 July 2023security holder rights change● Neutral
A second tranche of 600,000 employee options held by Exploration Manager Andrew Barker vested after 12 months' employment. They are exercisable at $0.43 until 28 July 2025. Administrative; no change to issued shares.