Past year: ▲ 24%(29.5c – 60.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
25 Oct 2023quarterly activities report▲ Good
September 2023 quarterly: the 18-month drilling phase outlined at IPO was completed within budget, with 16,783.9m drilled since August 2022. A resource review is underway ahead of a revised mining study in H1 2024. Some assays are still pending.
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.
31 July 2023quarterly activities report● Neutral
June 2023 quarterly: 3,822m drilled, a preliminary Starter Zone model built to feed a future resource update. Mostly repeats results already announced (MRN23005, MRN23007, copper-gold holes). The visible text gives no cash figure.
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.
14 June 2023drilling progress report▲ Good
MRN23008 intersected a 19m interval of visible galena in the Western Horizon, about 280m below surface, plus 4m on the Eastern Horizon. These are visual estimates only; assays due July 2023. Step-up hole MRN23009 has started.
1 June 2023admin correction● Neutral
Re-release of the 1 June MRN23007 announcement, adding JORC Table 1 Section 2. No change to the results.
1 June 2023drilling progress report▲ Good
MRN23007 intersected a 20m interval of visible galena along the Shallow Silver Zone, about 150m below MRN23005, plus visible copper sulphides. These are visual estimates only; assays are expected in July 2023.
29 May 2023drilling result▲ GoodMajor
MRN23005 assays returned 31m at 6.1% lead, 139g/t silver (24.8m true width) only 155m below surface, including 2m at 24.7% lead. This confirms the earlier visual result and strengthens the Shallow Silver Zone as a potential early development target.
24 May 2023drilling progress report▲ Good
Conductor test hole MRN14004W1 intersected a 221m down-hole interval of visible copper and iron sulphides, estimated at 60-70m true width, with pyrrhotite dominant over chalcopyrite. These are visual estimates only; assays are expected in July.
15 May 2023security holder rights change● Neutral
483 shares were issued on exercise of $0.30 options, raising $144.90, with 241 secondary options (exercise price $0.60, expiring 30 June 2025) also issued. Includes a cleansing notice; immaterial in size.
28 Apr 2023quarterly activities report● Neutral
March 2023 quarterly recaps Shallow Silver Zone results and the copper-gold conductor; 18 holes for 8,500m drilled since listing and over 12,000m of historic core relogged. The visible text gives no cash figure. Mostly repeats earlier announcements.
27 Apr 2023security holder rights change● Neutral
The second tranche of 5,000,000 director options vested on 27 April 2023. All 10,000,000 director options are exercisable at $0.25 until 19 April 2025 and remain escrowed for 24 months from listing.
20 Apr 2023drilling progress report▲ Good
Visual logging shows a 32m interval of galena in MRN23005, within about 150m of surface, plus 4m in MRN23006; these are visual estimates, not grades, with assays pending. The rig has moved to test the copper-gold conductor via wedge hole MRN14004W1 (planned 1,320m).
18 Apr 2023drilling result▲ GoodMajor
MRN23001 hit 8.7m at 4.5% lead, 237g/t silver, including 4.0m at 4.4% lead, 426g/t silver, about 250m below surface. Target 1 is renamed the Starter Zone; the company calls its Shallow Silver Zone a prime candidate for early development in any future mining scenario.
13 Apr 2023security holder rights change● Neutral
20,984,035 unlisted bonus options (exercisable at $0.30, expiring 19 October 2024), issued to Red Metal shareholders in the IPO, are released from escrow on 19 April 2023. Issued share capital does not change.
4 Apr 2023drilling result▲ GoodMajor
Modelling of electromagnetic surveying from deep hole MRN22005 found a very strong conductor about 200m north, interpreted as possible thicker copper-gold; a follow-up hole is planned. MRN22005 lead-silver assays include 6.45m at 7.2% lead, 35g/t silver, confirming the horizons continue at depth.
16 Feb 2023half year report● Neutral
Half-year to 31 December 2022: loss of $4.54m, against $0.35m a year earlier, as drilling began. The company's share-based payments line is $2.98m, and its exploration expensed line is $0.54m. Catriona Glover is listed as Company Secretary.
31 Jan 2023quarterly activities report● Neutral
December 2022 quarterly recaps copper-gold, Northern Fold and Target 1 results and the visual deep-hole result. 5,461.9m drilled and 8,390.7m of historic core relogged since August. Mostly repeats earlier announcements; the visible text gives no cash figure.
24 Jan 2023drilling result▲ Good
Deep hole MRN22005 finished at 1,543.8m, showing visible lead sulphides where the Western and Eastern horizons were predicted. These are visual observations, not grades. Assays are expected in about six weeks, and the hole will be used for down-hole electromagnetic surveying.
16 Jan 2023drilling result▲ GoodMajor
Shallower "Target 1" holes hit very high-grade lead-silver, including 0.75m at 36.6% lead and 4.0m at 11.9% lead. Management cites nearly 5,200m drilled in five months. Deep hole MRN22005 was at 1,310m.
