Companies / MMA

MARONAN METALS LIMITED

ASX:MMAMaterials
314.3M shares on issueASX (delayed) · as of 28 July 2026$0.38price · delayed$121.0Mmarket cap · indicative
C
Dilution grade

Share count grew 56% in 24 months; 2 cash raises in 24 months; 7% of shares in the money

Cash runway8.9 quarters of funding
Share-count growth (24m)56.2%
Raise cadence (24m)2 cash raises
Options & rights overhang8.5% of shares
In-the-money supply7.2% of shares
Pending proposed issuesnone

MARONAN METALS LIMITED's ordinary share count grew 56.2% between June 2024 and May 2026, to 314M shares. The company raised capital twice in that 24-month window for total proceeds of A$39.6M, most recently reporting A$22.0M raised in May 2026. Options and rights on issue could convert into 27M new shares, equal to 8.5% of the current share count, of which 7% are in the money at the current share price; the nearest expiry is December 2026. At the June 2026 quarter the company reported A$32.3M in available cash, representing 8.9 quarters of cover. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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8.5%
Max option dilution
7.2%
ITM option dilution
2
Raises · last 12 months
8.9 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 314.3M per ASX (delayed) (28 July 2026).
225.0M257.8M290.5MDec 24Sept 25July 26Cash raise · 15 May 2026Cash raise · 3 Oct 2025

Cash runway

8.9 qtrs
More than four quarters of funding at the recent spend rate.
$32.3M available cash at quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
26 May 20262A · quoted issueMMA : ORDINARY FULLY PAID314.3MAppendix 2A
1 Dec 20253G · unquotedMMA : ORDINARY FULLY PAID251.4MAppendix 3G
14 Nov 20253G · unquotedMMA : ORDINARY FULLY PAID251.4MAppendix 3G
14 Nov 20253G · unquotedMMA : ORDINARY FULLY PAID251.4MAppendix 3G
3 Nov 20252A · quoted issueMMA : ORDINARY FULLY PAID251.4MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

2 cash raises in the last 24 months · 2 in the last 12 months

$22.0M
Capital raise
15 May 2026
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

8.5%
Total overhang · of current shares
7.2%
In the money · at current price
26.7M
Potential new shares
Dec 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
21 May 2026MATTHEW HINEBuy441k1.5M$52k3Y notice
19 May 2026SIMON BIRDOther15k——3Y notice
19 May 2026ROBERT RUTHERFORDOther3.2M——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

21 July 2026Noosa Mining Conference Presentation 2026
19 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
14 July 2026$PDrilling Intersects High-Grade Silver-Lead Mineralisation
29 May 2026Change in substantial holding - Perth Capital
28 May 2026Ceasing to be a substantial holder
28 May 2026Becoming a substantial holder - Kinterra Group
27 May 2026Ceasing to be a substantial holder from MGX
27 May 2026Ceasing to be a substantial holder from RDM
26 May 2026Cleansing Notice
26 May 2026Application for quotation of securities - MMA
26 May 2026Completion of $22 Million Strategic Investment by Kinterra
24 May 2026Change of Director's Interest Notice - Matthew Hine
24 May 2026Change in substantial holding - Perth Capital
22 May 2026Change of Director's Interest Notice x 2
21 May 2026Completion of Red Metal Distribution In-Specie
21 May 2026Change in substantial holding from RDM
19 May 2026Proposed issue of securities - MMA
19 May 2026$P$22 Million Strategic Investment by Kinterra Capital
17 May 2026$PTrading Halt
14 May 2026$PShallow Copper-Gold and Silver-Lead Infill Drilling Results

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.