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- Last 2026-11-06
- A$0.84
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
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- Upside
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- Mkt cap
- A$208.2M
- EV
- A$185.5M
- Cash
- A$22.7M
- Debt
- A$0
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Sign in or enter a guest codeAnnouncements
Latest 12 of 27All sources ▸- September 2026 quarterly activities and Appendix 5BOperations
- Appendix 2A, 15 Oct 2026: 825,000 shares on conversionCorporate Action
- Appendix 2A, 8 Oct 2026: 680,000 shares on conversionCorporate Action
- Appendix 2A, 21 Sep 2026 (second copy): 150,000 sharesCorporate Action
- Half-Year Report 1H FY2026 (to 30 Jun 2026)Results
- Appendix 2A, 8 Sep 2026: 75,000 shares on conversionCorporate Action
- Investor presentation, Africa Down Under 2026Presentation
- Appendix 2A, 20 Aug 2026: 850,000 shares on conversionCorporate Action
- Appendix 3G, 14 Aug 2026: 1,817,500 performance rights issuedCorporate Action
- June 2026 quarterly activities and Appendix 5BOperations
- Appendix 2A, 10 Jul 2026: 3,950,000 shares on conversion of performance rightsCorporate Action
- March 2026 quarterly activities and Appendix 5BOperations
Event calendar · next 12 months
3 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Due within one month of quarter end under ASX rules | December 2026 quarterly activities and Appendix 5B | Other | Confirmed | Medium | Cash burn, drilling status and the first post-cutoff cash position. |
| Q1 CY2027, company guidance | Updated T-13 MRE and initial Deblin and Spaatzu MREs (company guidance Q1 CY2027) | Resource Or Reserve | Company Guided | High | Converts the first T-13 Inferred resource into a larger, better-classified base; the main test of the market price premium. |
| Inferred from 30 Sep 2026 cash and September quarter burn | Funding need on current burn (analyst inference: about 3.5 quarters of cash) | Financing | Inferred | High | A raise at or near the current price would add dilution of about 20 to 30% on the fully diluted base. |
Executive roster
As of 2026-09-04Background checks ▸Executive director, chief financial officer and company secretaries as disclosed in the FY2025 annual report and the September 2026 presentation. Non-executive directors (Sara Kelly, Michael Wilson, Michael Bohm) are excluded by definition. Corporate consultants Steve Parsons and Michael Naylor are not executives.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Mark Calderwood | Managing Director | Executive Director · Chief Executive | — | Annual Report FY2025 (year to 31 Dec 2025) · Investor presentation, Africa Down Under 2026 |
| Carl Travaglini | Chief Financial Officer (consultant via CCM Corporate Pty Ltd) | Finance | 2022-10-21 | Annual Report FY2025 (year to 31 Dec 2025) |
| Maddison Cramer | Joint Company Secretary | Company Secretary | — | Annual Report FY2025 (year to 31 Dec 2025) · Company secretary change: Marie Forsyth appointed |
| Ryan Sebbes | Joint Company Secretary | Company Secretary | 2025-04-14 | Annual Report FY2025 (year to 31 Dec 2025) · Joint company secretary change: Ryan Sebbes appointed |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Otavi Project, Namibia (T-13 deposit, Deblin, Spaatzu and regional targets)
NA
Resource Stage100% ownedCopperSilver
Inferred T-13 MRE (April 2026). Exploration and metallurgy at T-13, Deblin and Spaatzu; eight rigs; initial feasibility funded from April 2026 raise. No economic study.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Inferred | 10.5 Mt | 1.6% Cu and 21g/t Ag (2.0% CuEq) | Copper · Silver | 2026-04-16 |
Tenements1
Milestones2
- Updated T-13 MRE and initial Deblin and Spaatzu MREs (Q1 CY2027)
Pending · High materiality
- Pre-feasibility study (triggers US$3m payment to Nexa)
Pending · Medium materiality
Other
Newington Project, Western Australia (gold)
AU
DivestedGold
Sold to Forrestania Resources (FRS) in July 2026: 100% of Midas Minerals (Newington) Pty Ltd for A$1.5m in FRS shares on completion (21 Jul 2026), plus contingent milestones of A$1.0m, A$0.2m per 10,000oz and A$1.0m. The milestones are not recognised.
Other
South Otavi (EPL8374) option, Namibia
NA
Early Explorer0% ownedCopperGold
Option to earn up to 80% from Chorab Minerals (US$20k first period, US$40k extension, US$40k for 60%, further for 80%). 0% legal interest; exploration drilling completed (133 RC holes).
Other
Challa Gold-Nickel-Copper-PGE Project, Western Australia
AU
Early Explorer100% ownedGoldCopperPlatinum Group Metals
848 km2 of tenements; limited exploration with rock-chip anomalism. No resource.
Other
Aylmer and Greenbush lithium projects, Canada
CA
Early Explorer100% ownedLithium
Aylmer (about 124 km2 after reduction) and Greenbush (about 13 km2) exploration properties; spodumene pegmatites. No resource.
Project location
Approximate location
Loading imagery…
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Unsecured, debt-free and cash-only. Cash covers roughly three to four quarters at the current drilling rate, so a further raise is needed before the 2027 resource update delivers a basis for funding. The 3.0m unlisted options (A$0.25 to A$0.40) would add about A$0.95m if exercised, not counted. The 1H26 report states the cash forecast reaches September 2027 without a new raise; that is inconsistent with the 3.5-quarter run-rate at September quarter spend, and the difference is an open item.
Capital structure
Ownership and dilution
- Ordinary shares
- 247.8M
- Fully diluted
- 257.3M
Basic: 241,302,427 at 30 Jun 2026 (HY note 7) plus 6,530,000 shares issued on conversion of performance rights to 15 Oct 2026 (Appendix 2A notices: 3,950,000 on 10 Jul; 850,000 on 19 Aug; 75,000 on 8 Sep; 150,000 on 21 Sep; 680,000 on 8 Oct; 825,000 on 15 Oct) = 247,832,427. Presentation (about 27 Aug 2026) 246.1m is consistent. Performance rights: 11,200,000 at 30 Jun 2026 plus 1,817,500 granted 11 Aug 2026 less 6,530,000 converted = 6,487,500 outstanding (derived; the presentation says 8.2m at early September, which matches the position before the Sep-Oct conversions). Options: 3,000,000 in three series. A second 21 Sep 2026 Appendix 2A for 150,000 shares may duplicate the first; counted once. No convertible securities. Share count is not the subject of an on-market buy-back.
Security classes5
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Ordinary fully paid shares | Ordinary Share | 247.8M | — | — |
| Performance rights (nil exercise price), derived outstanding | Performance Right | 6.5M | — | — |
| Unlisted options, exercise A$0.25, expiry 15 Jul 2028 | Option | 1M | A$0.25 | 2028-07-15 |
| Unlisted options, exercise A$0.30, expiry 15 Jul 2028 | Option | 1M | A$0.3 | 2028-07-15 |
| Unlisted options, exercise A$0.40, expiry 15 Jul 2028 | Option | 1M | A$0.4 | 2028-07-15 |
Company guidance1
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Updated T 13 Mre And Initial Deblin And Spaatzu Mres | otavi-project | Q1 CY2027 | — | — text | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-04-21Ann. 2026-04-16 | Raising | A$28M | 37.3M | — | Completed | — |
| 2025-09-25Ann. 2025-09-18 | Raising | A$11.5M | 31M | — | Completed | — |
| 2025-05-28Ann. 2025-05-20 | Raising | A$6.5M | 43.3M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Otavi acquisition terms, Newington sale and Namibian option agreements from the announcements, the FY2025 annual report and the 1H26 accounts. Substantive burden and benefit contracts are listed; administrative tenement option payments are immaterial.
1% NSR royalty granted to Nexa from completion of the Otavi acquisition. Midas may buy back half for US$2m.
Royalty · Active- Counterparties
- Nexa Resources S.A. (via Otjitombo seller)
- Applies to
- Otavi Project, Namibia (T-13 deposit, Deblin, Spaatzu and regional targets) · Copper · Silver
- Economic direction
- Burden
- Period
- From 2025-12-22; no end date stated
- Key terms
- Net smelter return royalty on all commodities extracted and sold: 1 percent
Buy-back of 50% of royalty (to 0.5%) for cash: 2,000,000 USD
How it affects our valuation
No valuation treatment is available for this arrangement.
Contingent milestone payments of US$8m in total. Not recognised as a liability at 31 Dec 2025 (no present obligation).
Other · Conditional- Counterparties
- Nexa Resources S.A.
- Applies to
- Otavi Project, Namibia (T-13 deposit, Deblin, Spaatzu and regional targets) · Copper · Silver
- Economic direction
- Burden
- Period
- From 2025-12-22; no end date stated
- Key terms
- Payable within 10 business days of a PFS (JORC) on any part of the project: 3,000,000 USD
Payable within 10 business days of a decision to mine: 3,000,000 USD
Payable within 12 months of commercial production: 2,000,000 USD
How it affects our valuation
No valuation treatment is available for this arrangement.
Newington sold to FRS on completion 21 Jul 2026. Consideration in FRS shares; milestones are contingent assets.
Other · Active- Counterparties
- Forrestania Resources Limited
- Applies to
- Newington Project, Western Australia (gold) · Gold
- Economic direction
- Benefit
- Period
- From 2026-07-21; no end date stated
- Key terms
- Upfront consideration in FRS shares on completion: 1,500,000 AUD
Contingent milestone receivables (not recognised): 1,000,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Option to earn up to 80% of EPL8374.
Earn In · Conditional- Counterparties
- Chorab Minerals (Pty) Ltd
- Applies to
- South Otavi (EPL8374) option, Namibia · Copper · Gold
- Economic direction
- Benefit
- Period
- From 2025-05-19; no end date stated
- Key terms
- First option period payment: 20,000 USD
Extension payment: 40,000 USD
Initial earn-in payment for 60%: 40,000 USD
How it affects our valuation
No valuation treatment is available for this arrangement.
Option agreements (0% legal interest at the cutoff) over West Otavi, Otjiwarongo and Khorixas West licences, disclosed in the 30 Sep 2026 quarterly.
Earn In · Conditional- Counterparties
- Horn Metals (Pty) Ltd · Gateway Resources Trading (Pty) Ltd
- Applies to
- Company-wide · Copper · Gold
- Economic direction
- Benefit
- Period
- Dates not stated
- Key terms
- Options to acquire up to 85% of West Otavi, Otjiwarongo and Khorixas West licences: 85 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The reviewed evidence documents selected career records and company outcomes, with material adverse and delivery evidence retained at company level. Personal attribution is limited; several individual histories and qualifications remain incomplete. Open-web results do not constitute exhaustive personal clearance.
Decision-relevant facts
Material summary
Mark Calderwood
Managing Director
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Individual contribution to company outcomes was not established.
- The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.
- Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.
Maddison Cramer
Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Individual contribution to company outcomes was not established.
- The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.
- Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.
Ryan Sebbes
Joint Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 3
- Individual contribution to company outcomes was not established.
- The combined name-based web searches were not exhaustive checks of court, criminal, sanctions, credential, or regulator databases; no clearance conclusion is possible.
- Complete prior-employer dates, qualifications and individual contributions were not independently verified from primary sources for this executive.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-03-11
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 9.40% | 19,128,905 | |
| 2 | 7.11% | 14,464,023 | |
| 3 | 4.59% | 9,348,686 | |
| 4 | 3.23% | 6,583,148 | |
| 5 | 3.04% | 6,181,631 | |
| 6 | 2.42% | 4,934,438 | |
| 7 | 2.31% | 4,700,000 | |
| 8 | 2.25% | 4,589,683 | |
| 9 | 2.21% | 4,501,926 | |
| 10 | 2.05% | 4,177,993 | |
| 11 | 1.85% | 3,762,900 | |
| 12 | 1.47% | 3,000,000 | |
| 13 | 1.47% | 3,000,000 | |
| 14 | 1.31% | 2,674,643 | |
| 15 | 1.12% | 2,287,323 | |
| 16 | 1.05% | 2,140,000 | |
| 17 | 1.05% | 2,137,486 | |
| 18 | 0.94% | 1,922,145 | |
| 19 | 0.94% | 1,915,059 | |
| 20 | 0.92% | 1,875,316 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 5.98%Voting power | 2026-03-27 | |
| 5.33%Voting power | 2026-03-11 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- Two separate Symorgh Investments lines are retained with rank labels. The 2026 register does not provide total issued capital in this section; percentages are issuer-reported. Acorn’s manager-reported relevant interest may overlap registered accounts. A subsequent cessation notice was found but its extraction did not identify the holder; current group continuity may require further review.
Sources
- Annual Report to shareholders
Midas Minerals Limited / ASX · Published 2026-03-27 · Accessed 2026-10-09
Lists 20 ordinary-share accounts and Mark Calderwood’s substantial holding as at 11 March 2026.
PDF page 83 (printed page 82), ASX Additional Information / Top 20 holders and Substantial Holders
- Becoming a substantial holder
Acorn Capital Limited / ASX · Published 2026-04-23 · Accessed 2026-10-09
Reports 12,168,636 shares (5.98%) and investment-manager voting/disposal authority on 27 March 2026.
Form 603, opening sections and Annexures A/B
Disclosed activity
Insider transactions
Trading activity2 buys · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-08-19 | Michael BohmThe Bohm Family A/C
Details & evidence for Michael Bohm on 2026-08-19As disclosed: Issue of 750,000 shares for no consideration on conversion of nil exercise price performance rights
director · Start not disclosed The Bohm Family A/C · trustee and beneficiary CLJML Investments Pty Ltd <CLJML Super Fund A/C> · director, shareholder and beneficiary Charmaine Linda Lobo · spouse Change of Director's Interest Notice ↗ | Exerciseordinary shares | 750,000 | —Non Cash | — | 750,000 |
| 2026-08-19 | Michael BohmThe Bohm Family A/C
Details & evidence for Michael Bohm on 2026-08-19As disclosed: Issue of shares on conversion of vested Class L and X performance rights
director · Start not disclosed The Bohm Family A/C · trustee and beneficiary CLJML Investments Pty Ltd <CLJML Super Fund A/C> · director, shareholder and beneficiary Charmaine Linda Lobo · spouse Change of Director's Interest Notice ↗ | ExerciseClass X Performance Rights | 500,000 | —Non Cash | — | — |
| 2026-08-19 | Michael BohmThe Bohm Family A/C
Details & evidence for Michael Bohm on 2026-08-19As disclosed: Issue of shares on conversion of vested Class L and X performance rights
director · Start not disclosed The Bohm Family A/C · trustee and beneficiary CLJML Investments Pty Ltd <CLJML Super Fund A/C> · director, shareholder and beneficiary Charmaine Linda Lobo · spouse Change of Director's Interest Notice ↗ | ExerciseClass L Performance Rights | 250,000 | —Non Cash | — | — |
| 2026-08-19 | Michael BohmThe Bohm Family A/C
Details & evidence for Michael Bohm on 2026-08-19As disclosed: Off-market transfer of shares from Mr Michael Andrew Bohm <The Bohm Family A/C> to CLJML Investments Pty Ltd <CLJML Super Fund A/C>
director · Start not disclosed The Bohm Family A/C · trustee and beneficiary CLJML Investments Pty Ltd <CLJML Super Fund A/C> · director, shareholder and beneficiary Charmaine Linda Lobo · spouse Change of Director's Interest Notice ↗ | Transfer Outordinary shares | 750,000 | AUD 828,750.00 | AUD 1.105Disclosed price | — |
| 2026-07-10 | Sara KellyTYF Holdings Pty Ltd <TYF Investment A/C>
Details & evidence for Sara Kelly on 2026-07-10As disclosed: Nil – conversion of nil exercise price performance rights
director · Start not disclosed TYF Holdings Pty Ltd <TYF Investment A/C> · sole director of trustee and beneficiary Change of Director's Interest Notice ↗ | ExerciseClass X Performance Rights | 500,000 | —Non Cash | — | — |
| 2026-07-10 | Sara KellyTYF Holdings Pty Ltd <TYF Investment A/C>
Details & evidence for Sara Kelly on 2026-07-10As disclosed: Nil – conversion of nil exercise price performance rights
director · Start not disclosed TYF Holdings Pty Ltd <TYF Investment A/C> · sole director of trustee and beneficiary Change of Director's Interest Notice ↗ | ExerciseClass L Performance Rights | 500,000 | —Non Cash | — | — |
| 2026-07-10 | Michael BohmThe Bohm Family A/C
Details & evidence for Michael Bohm on 2026-07-10As disclosed: Issue of shares on conversion of vested Class L performance rights
director · Start not disclosed The Bohm Family A/C · trustee and beneficiary CLJML Investments Pty Ltd <CLJML Super Fund A/C> · director, shareholder and beneficiary Charmaine Linda Lobo · spouse Change of Director's Interest Notice ↗ | Exerciseordinary shares | 250,000 | —Non Cash | — | 750,000 |
| 2026-07-10 | Michael BohmThe Bohm Family A/C
Details & evidence for Michael Bohm on 2026-07-10As disclosed: Nil – conversion of nil exercise price performance rights
director · Start not disclosed The Bohm Family A/C · trustee and beneficiary CLJML Investments Pty Ltd <CLJML Super Fund A/C> · director, shareholder and beneficiary Charmaine Linda Lobo · spouse Change of Director's Interest Notice ↗ | ExerciseClass L Performance Rights | 250,000 | —Non Cash | — | — |
| 2026-07-10 | Michael Hood WilsonKaren Heather Lamb
Details & evidence for Michael Hood Wilson on 2026-07-10As disclosed: Issue of shares on conversion of vested Class X performance rights
director · Start not disclosed Vallation Pty Ltd · director and beneficiary June Lillian Wilson · mother; shares held jointly Karen Heather Lamb · spouse Change of Director's Interest Notice ↗ | Exerciseordinary shares | 500,000 | —Non Cash | — | 566,700 |
| 2026-07-10 | Michael Hood Wilson
Details & evidence for Michael Hood Wilson on 2026-07-10As disclosed: Issue of shares on conversion of vested Class L performance rights
director · Start not disclosed Vallation Pty Ltd · director and beneficiary June Lillian Wilson · mother; shares held jointly Karen Heather Lamb · spouse Change of Director's Interest Notice ↗ | Exerciseordinary shares | 500,000 | —Non Cash | — | 1,100,000 |
| 2026-07-10 | Michael Hood WilsonKaren Heather Lamb
Details & evidence for Michael Hood Wilson on 2026-07-10As disclosed: Nil – conversion of nil exercise price performance rights
director · Start not disclosed Vallation Pty Ltd · director and beneficiary June Lillian Wilson · mother; shares held jointly Karen Heather Lamb · spouse Change of Director's Interest Notice ↗ | ExerciseClass X Performance Rights | 500,000 | —Non Cash | — | — |
| 2026-07-10 | Michael Hood Wilson
Details & evidence for Michael Hood Wilson on 2026-07-10As disclosed: Nil – conversion of nil exercise price performance rights
director · Start not disclosed Vallation Pty Ltd · director and beneficiary June Lillian Wilson · mother; shares held jointly Karen Heather Lamb · spouse Change of Director's Interest Notice ↗ | ExerciseClass L Performance Rights | 500,000 | —Non Cash | — | — |
| 2026-07-10 | Mark CalderwoodMark Calderwood Family A/C
Details & evidence for Mark Calderwood on 2026-07-10As disclosed: Issue of shares on conversion of vested Class L performance rights
director · Start not disclosed Mark Calderwood Family A/C · trustee and beneficiary of reported account Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C> · director and beneficiary of superannuation fund account Corporate and Resource Consultants Pty Ltd · beneficiary of trust that owns the company Delphine Faith Calderwood · spouse; account holder with related interest Kru Investments Pty Ltd · spouse-related account Change of Director's Interest Notice ↗ | Exerciseordinary shares | 1,000,000 | —Non Cash | — | 6,349,643 |
| 2026-07-10 | Mark CalderwoodMark Calderwood Family A/C
Details & evidence for Mark Calderwood on 2026-07-10As disclosed: Nil – conversion of nil exercise price performance rights
director · Start not disclosed Mark Calderwood Family A/C · trustee and beneficiary of reported account Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C> · director and beneficiary of superannuation fund account Corporate and Resource Consultants Pty Ltd · beneficiary of trust that owns the company Delphine Faith Calderwood · spouse; account holder with related interest Kru Investments Pty Ltd · spouse-related account Change of Director's Interest Notice ↗ | ExerciseClass L Performance Rights | 1,000,000 | —Non Cash | — | — |
| 2026-07-10 | Sara KellyTYF Holdings Pty Ltd <TYF Investment A/C>
Details & evidence for Sara Kelly on 2026-07-10As disclosed: Issue of shares on conversion of vested Class L and Class X performance rights
director · Start not disclosed TYF Holdings Pty Ltd <TYF Investment A/C> · sole director of trustee and beneficiary Change of Director's Interest Notice ↗ | Exerciseordinary shares | 1,000,000 | —Non Cash | — | 3,081,759 |
| 2023-06-26 | Michael Hood Wilson
Details & evidence for Michael Hood Wilson on 2023-06-26As disclosed: Issue of performance rights under an employee incentive scheme as approved by shareholders on 5 May 2023.
director · Start not disclosed Vallation Pty Ltd · director and beneficiary June Lillian Wilson · mother; shares held jointly Karen Heather Lamb · spouse Change of Director's Interest Notice x 4 ↗ | GrantClass L Performance Rights | 500,000 | —Non Cash | — | — |
| 2023-06-26 | Michael NaylorGold Leaf Corporate Pty Ltd <Gold Leaf Corporate A/C>
Details & evidence for Michael Naylor on 2023-06-26As disclosed: Issue of performance rights under an employee incentive scheme as approved by shareholders on 5 May 2023.
director · Start not disclosed to 2024-08-28 MD & SI Super Fund A/C · beneficiary of super fund account Gold Leaf Corporate Pty Ltd <Gold Leaf Corporate A/C> · indirect interest through spouse-controlled company Sarah Naylor · spouse; disclosed holder Change of Director's Interest Notice x 4 ↗ | GrantClass L Performance Rights | 500,000 | —Non Cash | — | — |
| 2023-06-26 | Sara KellyTYF Holdings Pty Ltd <TYF Investment A/C>
Details & evidence for Sara Kelly on 2023-06-26As disclosed: Issue of performance rights under an employee incentive scheme as approved by shareholders on 5 May 2023.
director · Start not disclosed TYF Holdings Pty Ltd <TYF Investment A/C> · sole director of trustee and beneficiary Change of Director's Interest Notice x 4 ↗ | GrantClass L Performance Rights | 500,000 | —Non Cash | — | — |
| 2023-06-26 | Mark CalderwoodMark Calderwood Family A/C
Details & evidence for Mark Calderwood on 2023-06-26As disclosed: Issue of performance rights under an employee incentive scheme as approved by shareholders on 5 May 2023.
director · Start not disclosed Mark Calderwood Family A/C · trustee and beneficiary of reported account Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C> · director and beneficiary of superannuation fund account Corporate and Resource Consultants Pty Ltd · beneficiary of trust that owns the company Delphine Faith Calderwood · spouse; account holder with related interest Kru Investments Pty Ltd · spouse-related account Change of Director's Interest Notice x 4 ↗ | GrantClass L Performance Rights | 1,000,000 | —Non Cash | — | — |
| 2023-06-26 | Mark CalderwoodMark Calderwood Family A/C
Details & evidence for Mark Calderwood on 2023-06-26As disclosed: Issue of performance rights under an employee incentive scheme as approved by shareholders on 5 May 2023.
director · Start not disclosed Mark Calderwood Family A/C · trustee and beneficiary of reported account Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C> · director and beneficiary of superannuation fund account Corporate and Resource Consultants Pty Ltd · beneficiary of trust that owns the company Delphine Faith Calderwood · spouse; account holder with related interest Kru Investments Pty Ltd · spouse-related account Change of Director's Interest Notice x 4 ↗ | GrantClass K Performance Rights | 1,000,000 | —Non Cash | — | — |
| 2023-06-15 | Mark CalderwoodMark Calderwood Family A/C
Details & evidence for Mark Calderwood on 2023-06-15As disclosed: The 50,000 Shares acquired by Mr Calderwood on 15 June 2023 were acquired by Mr Calderwood (as trustee for the Mark Calderwood Family Trust), not in his personal capacity.
director · Start not disclosed Mark Calderwood Family A/C · trustee and beneficiary of reported account Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C> · director and beneficiary of superannuation fund account Corporate and Resource Consultants Pty Ltd · beneficiary of trust that owns the company Delphine Faith Calderwood · spouse; account holder with related interest Kru Investments Pty Ltd · spouse-related account Change of Director's Interest Notice x 4 ↗ | Purchaseordinary shares | 50,000 | —Not Disclosed | — | — |
| 2023-06-14 | Mark Calderwood
Details & evidence for Mark Calderwood on 2023-06-14As disclosed: On 14 June 2023 Mr Calderwood (in his personal capacity) acquired a relevant interest in 50,000 Shares on-market at an average price of $0.2275 per Share.
director · Start not disclosed Mark Calderwood Family A/C · trustee and beneficiary of reported account Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C> · director and beneficiary of superannuation fund account Corporate and Resource Consultants Pty Ltd · beneficiary of trust that owns the company Delphine Faith Calderwood · spouse; account holder with related interest Kru Investments Pty Ltd · spouse-related account Change of Director's Interest Notice x 4 ↗ | Purchaseordinary shares | 50,000 | — | AUD 0.2275Disclosed price | — |
Disclosed holding observations13 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-08-19 | Michael Bohm
Details & evidence for Michael Bohm on 2026-08-19The Bohm Family A/C remaining balance after 750,000-share transfer and rights conversion.
director · Start not disclosed The Bohm Family A/C · trustee and beneficiary CLJML Investments Pty Ltd <CLJML Super Fund A/C> · director, shareholder and beneficiary Charmaine Linda Lobo · spouse Change of Director's Interest Notice ↗ | Positionordinary shares | 750,000 | — |
| 2026-08-19 | Michael Bohm
Details & evidence for Michael Bohm on 2026-08-19CLJML Super Fund A/C post-transfer balance (55,000 prior plus 750,000 transferred shares).
director · Start not disclosed The Bohm Family A/C · trustee and beneficiary CLJML Investments Pty Ltd <CLJML Super Fund A/C> · director, shareholder and beneficiary Charmaine Linda Lobo · spouse Change of Director's Interest Notice ↗ | Positionordinary shares | 805,000 | — |
| 2026-07-10 | Mark Calderwood
Details & evidence for Mark Calderwood on 2026-07-10Mark Calderwood Family A/C post-conversion balance.
director · Start not disclosed Mark Calderwood Family A/C · trustee and beneficiary of reported account Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C> · director and beneficiary of superannuation fund account Corporate and Resource Consultants Pty Ltd · beneficiary of trust that owns the company Delphine Faith Calderwood · spouse; account holder with related interest Kru Investments Pty Ltd · spouse-related account Change of Director's Interest Notice ↗ | Positionordinary shares | 6,349,643 | — |
| 2026-07-10 | Mark Calderwood
Details & evidence for Mark Calderwood on 2026-07-10Registered/direct balance reported after conversion.
director · Start not disclosed Mark Calderwood Family A/C · trustee and beneficiary of reported account Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C> · director and beneficiary of superannuation fund account Corporate and Resource Consultants Pty Ltd · beneficiary of trust that owns the company Delphine Faith Calderwood · spouse; account holder with related interest Kru Investments Pty Ltd · spouse-related account Change of Director's Interest Notice ↗ | Positionordinary shares | 2,215,724 | — |
| 2026-07-10 | Mark Calderwood
Details & evidence for Mark Calderwood on 2026-07-10Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C>.
director · Start not disclosed Mark Calderwood Family A/C · trustee and beneficiary of reported account Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C> · director and beneficiary of superannuation fund account Corporate and Resource Consultants Pty Ltd · beneficiary of trust that owns the company Delphine Faith Calderwood · spouse; account holder with related interest Kru Investments Pty Ltd · spouse-related account Change of Director's Interest Notice ↗ | Positionordinary shares | 2,700,000 | — |
| 2026-07-10 | Mark Calderwood
Details & evidence for Mark Calderwood on 2026-07-10Additional Amery Holdings Pty Ltd holding; source lists this separately without the super fund account name.
director · Start not disclosed Mark Calderwood Family A/C · trustee and beneficiary of reported account Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C> · director and beneficiary of superannuation fund account Corporate and Resource Consultants Pty Ltd · beneficiary of trust that owns the company Delphine Faith Calderwood · spouse; account holder with related interest Kru Investments Pty Ltd · spouse-related account Change of Director's Interest Notice ↗ | Positionordinary shares | 350,000 | — |
| 2026-07-10 | Michael Bohm
Details & evidence for Michael Bohm on 2026-07-10The Bohm Family A/C post-conversion balance.
director · Start not disclosed The Bohm Family A/C · trustee and beneficiary CLJML Investments Pty Ltd <CLJML Super Fund A/C> · director, shareholder and beneficiary Charmaine Linda Lobo · spouse Change of Director's Interest Notice ↗ | Positionordinary shares | 750,000 | — |
| 2026-07-10 | Michael Hood Wilson
Details & evidence for Michael Hood Wilson on 2026-07-10Vallation International Pte Ltd holding.
director · Start not disclosed Vallation Pty Ltd · director and beneficiary June Lillian Wilson · mother; shares held jointly Karen Heather Lamb · spouse Change of Director's Interest Notice ↗ | Positionordinary shares | 1,004,159 | — |
| 2026-07-10 | Michael Hood Wilson
Details & evidence for Michael Hood Wilson on 2026-07-10Michael Hood Wilson direct balance after conversion.
director · Start not disclosed Vallation Pty Ltd · director and beneficiary June Lillian Wilson · mother; shares held jointly Karen Heather Lamb · spouse Change of Director's Interest Notice ↗ | Positionordinary shares | 1,100,000 | — |
| 2026-07-10 | Michael Hood Wilson
Details & evidence for Michael Hood Wilson on 2026-07-10Joint interest with June Lillian Wilson (mother).
director · Start not disclosed Vallation Pty Ltd · director and beneficiary June Lillian Wilson · mother; shares held jointly Karen Heather Lamb · spouse Change of Director's Interest Notice ↗ | Positionordinary shares | 200,000 | — |
| 2026-07-10 | Michael Hood Wilson
Details & evidence for Michael Hood Wilson on 2026-07-10Spouse Karen Heather Lamb holding.
director · Start not disclosed Vallation Pty Ltd · director and beneficiary June Lillian Wilson · mother; shares held jointly Karen Heather Lamb · spouse Change of Director's Interest Notice ↗ | Positionordinary shares | 566,700 | — |
| 2026-07-10 | Sara Kelly
Details & evidence for Sara Kelly on 2026-07-10TYF Investment A/C post-conversion balance.
director · Start not disclosed TYF Holdings Pty Ltd <TYF Investment A/C> · sole director of trustee and beneficiary Change of Director's Interest Notice ↗ | Positionordinary shares | 3,081,759 | — |
| 2026-03-11 | Mark Calderwood
Details & evidence for Mark Calderwood on 2026-03-11Annual report snapshot states Mark Calderwood held 10,844,290 shares (5.33%) as at 11 March 2026; account-level allocation not stated in that table.
director · Start not disclosed Mark Calderwood Family A/C · trustee and beneficiary of reported account Amery Holdings Pty Ltd <The Calderwood Superannuation Fund A/C> · director and beneficiary of superannuation fund account Corporate and Resource Consultants Pty Ltd · beneficiary of trust that owns the company Delphine Faith Calderwood · spouse; account holder with related interest Kru Investments Pty Ltd · spouse-related account Annual Report to shareholders ↗ | Positionordinary shares | 10,844,290 | 5.33%Issued Shares |
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Sign in or enter a guest codeChronological evidenceSource-document inventory36 documents
Insider dealings from the local insider transactions databaseGovernance · LowExtracted
Director dealings through 19 Aug 2026 (including conversion of performance rights to ordinary shares by Michael Bohm, 750,000 shares). Recorded from the insider transactions command output saved in scratch.
- Document ID
- mm1-insider-dealings
- Published UTC
- 2026-11-06T00:00:00+00:00
- Projects
- —
- Commodities
- —
Reference price: MM1 close 6 Nov 2026 (local ASX price table, market data provider provider)Market Data · HighExtracted
Latest eligible local close: A$0.84 on 6 Nov 2026 (fresh, 0 days), volume 205,931. Security basis: one ASX MM1 ordinary share. Registered as the valuation reference price.
- Document ID
- mm1-market-price-2026-11-06
- Published UTC
- 2026-11-06T00:00:00+00:00
- Projects
- —
- Commodities
- —
Copper peer EV per attributable resource (v8 stock database, 6 Nov 2026)Market Data · MediumExtracted
Peer values from the v8 stock database at 6 Nov 2026: EV per attributable copper-equivalent resource tonne for resource-stage copper names (HCH 61.5, HAV 86.2, FFM 384.3 A$/t CuEq); SLS 1,736 treated as an outlier; CYM construction excluded; MC2 resource field not populated.
- Document ID
- mm1-peer-ev-per-resource
- Published UTC
- 2026-11-06T00:00:00+00:00
- Projects
- —
- Commodities
- copper
Copper and silver spot (market data provider futures HG=F, SI=F) as of 5 Nov 2026Commodity Data · MediumExtracted
Spot copper US$13,777/t and silver US$52.23/oz on 5 Nov 2026 (copper 1-year average US$13,342/t; silver 1-year average US$69.07/oz); AUD/USD 1.4554.
- Document ID
- mm1-commodity-spot-2026-11-05
- Published UTC
- 2026-11-05T00:00:00+00:00
- Projects
- —
- Commodities
- copper · silver
September 2026 quarterly activities and Appendix 5BOperations · HighExtracted
Quarter to 30 Sep 2026: cash 22.7m; quarterly operating plus investing outflow 6.46m; E&E spend 5.75m; T-13 Inferred MRE of 10.5 Mt at 1.6% Cu restated; 8 rigs; MRE update and Deblin/Spaatzu MREs due Q1 CY2027.
- Document ID
- mm1-q3-2026-5b
- Published UTC
- 2026-10-30T03:16:21+00:00
- Projects
- otavi-project
- Commodities
- copper · silver
Appendix 2A, 15 Oct 2026: 825,000 shares on conversionCorporate Action · LowExtracted
Quotation of 825,000 ordinary shares issued 15 Oct 2026 on conversion of performance rights.
- Document ID
- mm1-quote-2026-10b
- Published UTC
- 2026-10-15T07:35:39+00:00
- Projects
- —
- Commodities
- —
Appendix 2A, 8 Oct 2026: 680,000 shares on conversionCorporate Action · LowExtracted
Quotation of 680,000 ordinary shares issued 8 Oct 2026 on conversion of performance rights.
- Document ID
- mm1-quote-2026-10a
- Published UTC
- 2026-10-08T07:05:01+00:00
- Projects
- —
- Commodities
- —
Local management assessment (management/MM1/summary.md)Governance · MediumExtracted
Local management assessment: executive team scored 49/100 with low evidence confidence; company-level delivery and adverse outcomes retained, individual chronology incomplete.
- Document ID
- mm1-local-management-summary
- Published UTC
- 2026-10-09T00:00:00+00:00
- Projects
- —
- Commodities
- —
Local background check (management/MM1/background-check.json)Governance · MediumExtracted
Open-web and issuer/regulator background checks on the current executives; no clearance conclusion. Team rating 49/100, confidence low. Roster as of 2026-09-21.
- Document ID
- mm1-local-background-check
- Published UTC
- 2026-10-09T00:00:00+00:00
- Projects
- —
- Commodities
- —
Local top-20 register and holder classification (ownership/MM1/investors.json)Corporate Action · LowExtracted
Top-20 register dated 11 Mar 2026 (50.76% of issued capital), classified by holder type; substantial holder Mark Calderwood 5.33% per annual report; Acorn Capital later disclosed separately.
- Document ID
- mm1-local-register-top20
- Published UTC
- 2026-10-09T00:00:00+00:00
- Projects
- —
- Commodities
- —
Appendix 2A, 21 Sep 2026 (second copy): 150,000 sharesCorporate Action · LowExtracted
Second Appendix 2A lodged 21 Sep 2026 showing 150,000 shares on conversion. Appears to duplicate the earlier notice; counted once in the share bridge, flagged as an open item.
- Document ID
- mm1-quote-2026-09c
- Published UTC
- 2026-09-21T07:06:41+00:00
- Projects
- —
- Commodities
- —
Appendix 2A, 21 Sep 2026: 150,000 shares on conversionCorporate Action · LowExtracted
Quotation of 150,000 ordinary shares issued 21 Sep 2026 on conversion of performance rights.
- Document ID
- mm1-quote-2026-09b
- Published UTC
- 2026-09-20T23:00:00+00:00
- Projects
- —
- Commodities
- —
Half-Year Report 1H FY2026 (to 30 Jun 2026)Results · HighExtracted
Reviewed 1H26 accounts: cash 29.15m after a 28.0m placement; net loss 3.45m; Newington sold to Forrestania (completed 21 Jul 2026) with 1.5m deferred consideration in shares; 241.3m shares at 30 Jun 2026.
- Document ID
- mm1-hy-2026
- Published UTC
- 2026-09-10T08:04:44+00:00
- Projects
- otavi-project · newington-project
- Commodities
- copper · silver · gold
Appendix 2A, 8 Sep 2026: 75,000 shares on conversionCorporate Action · LowExtracted
Quotation of 75,000 ordinary shares issued 8 Sep 2026 on conversion of performance rights.
- Document ID
- mm1-quote-2026-09a
- Published UTC
- 2026-09-08T07:30:21+00:00
- Projects
- —
- Commodities
- —
Investor presentation, Africa Down Under 2026Presentation · MediumExtracted
September 2026 presentation with the T-13 Inferred MRE table (slide 25), corporate summary (246.1m shares, A$1.34 price at the time, nil debt) and the Namibian fiscal terms (37.5% tax, 3% royalty).
- Document ID
- mm1-pres-2026-09
- Published UTC
- 2026-09-04T01:40:13+00:00
- Projects
- otavi-project
- Commodities
- copper · silver
Appendix 2A, 20 Aug 2026: 850,000 shares on conversionCorporate Action · LowExtracted
Quotation of 850,000 ordinary shares issued 19 Aug 2026 on conversion of performance rights.
- Document ID
- mm1-quote-2026-08
- Published UTC
- 2026-08-20T06:59:09+00:00
- Projects
- —
- Commodities
- —
Appendix 3G, 14 Aug 2026: 1,817,500 performance rights issuedCorporate Action · LowExtracted
Notification of 1,817,500 unquoted performance rights issued 11 Aug 2026 to employees and consultants.
- Document ID
- mm1-3g-2026-08
- Published UTC
- 2026-08-14T08:21:06+00:00
- Projects
- —
- Commodities
- —
June 2026 quarterly activities and Appendix 5BOperations · HighExtracted
Quarter to 30 Jun 2026: cash 29.2m after the April placement; Newington sale agreed (binding heads of agreement 25 May 2026).
- Document ID
- mm1-q2-2026-5b
- Published UTC
- 2026-07-27T06:56:36+00:00
- Projects
- otavi-project · newington-project
- Commodities
- copper · silver
Appendix 2A, 10 Jul 2026: 3,950,000 shares on conversion of performance rightsCorporate Action · LowExtracted
Quotation of 3,950,000 ordinary shares issued on conversion of performance rights (nil consideration).
- Document ID
- mm1-quote-2026-07
- Published UTC
- 2026-07-10T07:09:29+00:00
- Projects
- —
- Commodities
- —
Canaccord Global Metals and Mining conference presentationPresentation · MediumExtracted
May 2026 presentation restating the initial Inferred T-13 MRE (10.5 Mt at 2.0% CuEq) and the Q1 2027 resource-upgrade plan.
- Document ID
- mm1-pres-2026-05
- Published UTC
- 2026-05-19T23:00:00+00:00
- Projects
- otavi-project
- Commodities
- copper · silver
March 2026 quarterly activities and Appendix 5BOperations · MediumExtracted
Quarter to 31 Mar 2026: cash 6.2m before the April 2026 placement; two diamond rigs at T-13.
- Document ID
- mm1-q1-2026-5b
- Published UTC
- 2026-04-28T09:20:01+00:00
- Projects
- otavi-project
- Commodities
- copper
Midas raises $28m to advance Otavi (placement at $0.75)Financing · HighExtracted
Firm commitments for a A$28m placement at A$0.75 (37,333,334 shares) to fund drilling and initial feasibility work; placement capacity under LR 7.1 and 7.1A.
- Document ID
- mm1-raise-2026-04
- Published UTC
- 2026-04-15T23:22:48+00:00
- Projects
- otavi-project
- Commodities
- copper
Annual Report FY2025 (year to 31 Dec 2025)Results · HighExtracted
Audited FY2025 annual report: loss after tax 2.77m, operating cash outflow 1.68m, cash 8.78m at 31 Dec 2025, 203.5m shares; Otavi acquired Dec 2025 for US$3m cash plus deferred milestones and a 1% NSR.
- Document ID
- mm1-ar-fy2025
- Published UTC
- 2026-03-27T08:23:41+00:00
- Projects
- otavi-project
- Commodities
- copper · silver
December 2025 quarterly activities and Appendix 5BOperations · MediumExtracted
Quarter to 31 Dec 2025: Otavi acquisition completed; drilling underway at T-13 and Spaatzu.
- Document ID
- mm1-q4-2025-5b
- Published UTC
- 2026-01-29T05:18:33+00:00
- Projects
- otavi-project
- Commodities
- copper
Midas completes acquisition of Otavi Copper ProjectTransaction · HighExtracted
Completion of the Otavi acquisition on 22 Dec 2025 with about A$15.3m cash at 30 Sep 2025 and T-13 drilling underway.
- Document ID
- mm1-otavi-completion-2025-12
- Published UTC
- 2025-12-21T22:33:53+00:00
- Projects
- otavi-project
- Commodities
- copper · silver
Final approval received for Otavi acquisition (NaCC clearance)Transaction · MediumExtracted
Namibian Competition Commission unconditional clearance, the final third-party condition for completion.
- Document ID
- mm1-otavi-nacc-2025-10
- Published UTC
- 2025-10-30T22:33:22+00:00
- Projects
- otavi-project
- Commodities
- copper
Successful A$11.5m placement at 37cFinancing · HighExtracted
Placement of up to 31,081,082 shares at A$0.37 (8.6% discount to last trade of A$0.405).
- Document ID
- mm1-placement-2025-09
- Published UTC
- 2025-09-17T23:43:33+00:00
- Projects
- otavi-project
- Commodities
- copper
Otavi acquisition update: licence transfers completedTransaction · MediumExtracted
Licence transfer to the Otavi target entity completed, the last condition apart from Namibian Competition Commission approval.
- Document ID
- mm1-otavi-update-2025-08
- Published UTC
- 2025-08-27T22:08:18+00:00
- Projects
- otavi-project
- Commodities
- copper
Appointment of Michael Bohm as non-executive directorLeadership · MediumExtracted
Michael Bohm joined the board as non-executive director effective 25 Jun 2025.
- Document ID
- mm1-ned-2025-06
- Published UTC
- 2025-06-22T23:42:55+00:00
- Projects
- —
- Commodities
- —
Successful A$6.5m placement at 15cFinancing · MediumExtracted
Placement of up to 43,333,333 shares at A$0.15 to fund Otavi.
- Document ID
- mm1-placement-2025-05
- Published UTC
- 2025-05-19T22:56:04+00:00
- Projects
- otavi-project
- Commodities
- copper
Midas extends footprint in Otavi: South Otavi option (EPL8374)Economic Arrangement · MediumExtracted
Option to earn up to 80% of EPL8374 (South Otavi) from Chorab Minerals for US$20k, then US$40k for 60% and a further payment for 80%; 0% held at the cutoff.
- Document ID
- mm1-otavi-expansion-2025-05
- Published UTC
- 2025-05-18T22:41:00+00:00
- Projects
- south-otavi-option
- Commodities
- copper · gold
Transformational project acquisition: Otavi Copper Project (announcement and material terms)Transaction · HighExtracted
Agreement to acquire Otjitombo Mining (10 EPLs, Otavi) from Nexa: US$3m completion, US$3m on PFS, US$3m on decision to mine, US$2m within 12 months of commercial production, and a 1% NSR with a buy-back of half for US$2m.
- Document ID
- mm1-acq-otavi-2025-05
- Published UTC
- 2025-05-15T23:43:07+00:00
- Projects
- otavi-project
- Commodities
- copper · silver
Joint company secretary change: Ryan Sebbes appointedLeadership · LowExtracted
Ryan Sebbes appointed joint company secretary effective 14 Apr 2025 following Marie Forsyth resignation.
- Document ID
- mm1-secretary-2025-04
- Published UTC
- 2025-04-13T22:24:53+00:00
- Projects
- —
- Commodities
- —
Annual Report FY2024 (year to 31 Dec 2024)Results · MediumExtracted
Prior-year audited report: FY2024 loss 3.86m, cash 1.05m at 31 Dec 2024; company held Yellowknife, Greenbush and Challa interests before the Otavi acquisition.
- Document ID
- mm1-ar-fy2024
- Published UTC
- 2025-03-28T08:47:10+00:00
- Projects
- —
- Commodities
- copper
Company secretary change: Marie Forsyth appointedLeadership · LowExtracted
Marie Forsyth appointed company secretary on 18 Oct 2024 alongside Maddison Cramer.
- Document ID
- mm1-secretary-2024-10
- Published UTC
- 2024-10-17T21:17:31+00:00
- Projects
- —
- Commodities
- —
Board change: Michael Naylor resigns as NEDLeadership · LowExtracted
Michael Naylor resigned as non-executive director on 28 Aug 2024 and remains a corporate adviser.
- Document ID
- mm1-board-2024-08
- Published UTC
- 2024-08-27T22:42:43+00:00
- Projects
- —
- Commodities
- —
Evidence facts51
-2774613 AUD
2025-12-31-1684029 AUD
2025-12-318783150 AUD
2025-12-31203489093 shares
2025-12-31122079678 shares
2024-12-31-3857531 AUD
2024-12-311054594 AUD
2024-12-3129154744 AUD
2026-06-3028000000 AUD
2026-04-21241302427 shares
2026-06-301500000 AUD
2026-06-30-3450759 AUD
2026-06-3022729 AUD000
2026-09-306455 AUD000
2026-09-305754 AUD000
2026-09-3029.2 AUD m
2026-06-306163 AUD000
2026-03-3128000000 AUD
2026-04-160.75 AUD
2026-04-1637333334 shares
2026-04-1610.5 Mt
2026-04-16211 kt CuEq
2026-04-16246100000 shares
2026-08-273000000 USD
2025-05-163000000 USD
2025-05-163000000 USD
2025-05-162000000 USD
2025-05-160.01 fraction
2025-05-1620000 USD
2025-05-196500000 AUD
2025-05-200.15 AUD
2025-05-2011500000 AUD
2025-09-180.37 AUD
2025-09-183950000 shares
2026-07-101817500 rights
2026-08-11850000 shares
2026-08-1975000 shares
2026-09-08150000 shares
2026-09-21150000 shares
2026-09-21680000 shares
2026-10-08825000 shares
2026-10-1549 score (of 100)
2026-10-09750000 shares
2026-08-190.84 AUD
2026-11-06205931 shares
2026-11-0613776.6869 USD/t
2026-11-0552.233 USD/oz
2026-11-0513342.2575 USD/t
2026-11-0561.46 AUD per t CuEq
2026-11-0686.18 AUD per t CuEq
2026-11-06384.33 AUD per t CuEq
2026-11-06Conflicts requiring judgment4
- Otavi milestone payments (PFS, decision to mine, commercial production)
The binding Material Deal Terms give US$3m at PFS, US$3m at decision to mine and US$2m at commercial production (US$8m). FY2025 Note 7 and the announcement summary give US$3m, US$2m and US$2m (US$7m). The larger binding schedule is deducted (conservative); the US$1m difference is about A$0.2m of present value, or A$0.001 per share.
- Date of the initial T-13 Inferred MRE
Competent-person and compliance statements in the presentation and the quarterly say 16 April 2025; the end notes and the 16 April 2026 raise announcement date the MRE to 16 April 2026. 16 April 2026 is used, consistent with the placement release of the same day.
- Performance rights outstanding at 31 Dec 2025
None
- Shares quoted 21 Sep 2026 (two Appendix 2A notices of 150,000 each)
None