- Last 2026-11-06
- A$0.53
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$197.1M
- EV
- A$-32.4M
- Cash
- A$229.5M
- Debt
- A$0
8 newer ASX announcements not yet reflected in this valuation
- Amended Rose Hill Resource and Maiden Ore Reserve UpdateRecent Resource Or Reserve Source
- Investor Presentation - IMARC SydneyLatest Operating Presentation
- Quarterly Activities Report 30 September 2026Latest Four Activities Reports
- Quarterly Cash Flow Report 30 September 2026Latest Four Cash Flow Reports
- Application for quotation of securities - MRTPost Cash Checkpoint Security Event
- Application for quotation of securities - MRTPost Cash Checkpoint Security Event
- Proposed issue of securities - MRTPost Cash Checkpoint Security Event
- Mining Americas Forum PresentationLatest Operating Presentation
Investment view
Rating locked: sign in to viewOur rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 44All sources ▸- Application for quotation of securities - MRTFinancing
- Diggers & Dealers Mining Forum PresentationPresentation
- Quarterly Activities Report 30 June 2026Operations
- Quarterly Cash Flow Report 30 June 2026Results
- Application for quotation of securities - MRTFinancing
- Application for quotation of securities - MRTFinancing
- Proposed issue of securities - MRTFinancing
- Proposed issue of securities - MRTFinancing
- Notification of cessation of securities - MRTFinancing
- Proposed issue of securities - MRTFinancing
- Kanowna East Project Acquired in Strategic Tenement SwapTransaction
- Additional Consolidation of Strategic Tenements around BSPHTransaction
Event calendar · next 12 months
7 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| early December quarter 2026 | Remaining Boorara assay results | Exploration | Company Guided | Medium | Tests grade continuity before pit optimisation. |
| second half CY2026 | Black Swan EPC award and full construction start | Construction Or Commissioning | Company Guided | High | Locks scope, cost and schedule against A$131m study drawdown. |
| before full construction | Black Swan final approvals | Permitting | Company Guided | High | Critical path for gold conversion and commercial restart. |
| March quarter 2027 | Boorara updated resource and pit optimisation | Resource Or Reserve | Company Guided | High | May change open-pit feed grade, reserve conversion and mine sequencing. |
| January quarter 2027 | Burbanks Phase 2 resource estimate | Resource Or Reserve | Company Guided | High | Conversion of Inferred ounces and potential underground feed determine incremental option value. |
| mid CY2027 | Boorara mining restart | Production | Company Guided | High | Establishes first ore supply and tests mine/plant schedule. |
| H2 CY2027 within 12-month window | Black Swan first gold | Production | Company Guided | High | First process recovery and commercial cash-conversion test. |
Executive roster
As of 2026-09-26Background checks ▸August 2026 issuer presentation roster, reconciled to July quarterly COO effective 26 August; September annual report PDF inaccessible.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Grant Haywood | Managing Director and Chief Executive Officer | Executive Director · Chief Executive | — | Diggers & Dealers Mining Forum Presentation · Quarterly Activities Report 30 June 2026 · Annual Report to shareholders |
| Elizabeth Jones | Chief Operating Officer | Senior Management | 2026-08-26 | Diggers & Dealers Mining Forum Presentation · Quarterly Activities Report 30 June 2026 |
| Brendan Shalders | Chief Financial Officer and Joint Company Secretary | Senior Management · Company Secretary | — | Diggers & Dealers Mining Forum Presentation · Quarterly Activities Report 30 June 2026 |
| Isabel Macchia | Company Secretary | Company Secretary | — | Diggers & Dealers Mining Forum Presentation · Quarterly Activities Report 30 June 2026 |
| Christian Price | General Manager Corporate Development | Senior Management | — | Diggers & Dealers Mining Forum Presentation |
| Stephen Guy | Chief Geologist | Senior Management | — | Diggers & Dealers Mining Forum Presentation |
| Adrianna Skok-Muir | Group Mining Engineer | Senior Management | — | Diggers & Dealers Mining Forum Presentation |
| Doug Flanagan | Project Director | Senior Management | — | Diggers & Dealers Mining Forum Presentation |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Black Swan Processing Hub and current gold feed plan
Australia
Early works under way; full construction and final permits remain pending. Integrated value includes the current five-year feed schedule from Boorara, Burbanks open pit, Cannon/Pennys, Coote/Crake and other pits; no separate value is added for those planned ounces.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Issuer project-level NPV excludes corporate costs and assumes A$5,500/oz gold; A$131m is maximum drawdown, not initial capex.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 1.9M oz | 34.3Mt at 1.70g/t Au | Gold | 2026-02-13 |
| Ore Reserve | proven_and_probable | 214K oz | 4.3Mt at 1.54g/t Au | Gold | 2026-02-17 |
Tenements1
Milestones2
- Full EPC award and construction start
Pending · High materiality
- Black Swan first gold
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Final gold conversion and construction approvals | Western Australia | Pending | — | Yes |
| Existing Black Swan operating permits and approvals | Western Australia | Granted | — | No |
Economic studies2
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Standalone Western Australian gold development study | Scoping Study | Current | 2026-02-17 | Five-year 546koz output; NPV8 A$631.3m at A$5,500/oz gold, AISC A$3,353/oz; 2.5Mtpa FEED upgrade later reaffirmed. |
| Black Swan process refurbishment pre-feasibility work | PFS | Superseded | 2025-08-27 | Initial 1.5Mtpa process design superseded by 2.5Mtpa FEED. |
Material
Burbanks underground expansion beyond the current hub plan
Australia
755koz total Burbanks resource; current hub plan includes 128.8koz recovered open-pit feed. This separate record captures only underground and later extension optionality, with no Ore Reserve declared.
Project location
Approximate location
© 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 | indicated_and_inferred | 755K oz | 13.7Mt at 1.71g/t Au | Gold | 2026-09-11 |
Milestones1
- Burbanks Phase 2 resource update
Pending · High materiality
Material
Nimbus silver-zinc project
Australia
Unfunded silver-zinc optionality; no current integrated economic study or production route sufficient for a stand-alone NAV.
Project location
Approximate location
© 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 | reported | 20.2M oz Ag | 20.2Moz Ag, 104kt Zn and 77koz Au reported | Silver · Zinc · Gold | 2026-08-03 |
Other
Mt Thirsty nickel-cobalt-manganese JV
Australia
Conico-managed 50:50 JV; no current decision-grade economics assigned.
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Other
Yarmany Gold Tiger earn-in
Australia
Gold Tiger has earned 75%; may earn 90% over four stages. Current ownership held at 25%, conditional future dilution to 10%.
Other
Regional gold and White Flag tenements
Australia
Residual regional assets and White Flag M26/616; some Kanowna and Balagundi tenure has nickel exposure, but no separately supported mine plan.
Tenements1
Other
Phillips Find historic tolling JV
Australia
Five toll campaigns completed and gold sold; final lower-grade reconciliation and cash distribution outstanding at June 2026.
Project location
Approximate location
© 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
Large cash buffer following A$175m placement; net cash is not recurring self-funded generation and full EPC/final approvals remain gates.
Inventory composition1
Boorara stockpile contains approximately 14,600oz gold; no separable stockpile value added because commissioning feed is embedded in hub NAV.
- Boorara run-of-mine ore stockpile on hand
- — carrying · 460,000 tonnes
Capital structure
Ownership and dilution
- Ordinary shares
- 372M
- Fully diluted
- 375.5M
30 June 371,850,639 ordinary shares plus 45,186 July tenement issues, 514 July option exercises and 66,667 August issue = 371,963,006. The 3 September 2026 expiry removes 1,130,488 options from current dilution absent later exercise proof. September quotation notices and FY2026 annual PDF were inaccessible; this is the latest fully reconciled issuer basis.
Security classes3
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| ASX MRT fully paid ordinary shares | Ordinary Share | 372M | — | — |
| Unquoted employee performance rights | Performance Right | 3.2M | — | — |
| Unlisted options exercisable at A$1.80 | Option | 400K | A$1.8 | 2028-09-30 |
KPI history
Operating metrics
Operating metric source table2
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Inventory | Bsph | 30 June 2026 | Point In Time | 460,000 tonnes ROM | Reported |
| Other | Company | FY2026 | Year | 8,528,000 AUD operating cash flow, not FCF | Reported |
Company guidance2
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| First Gold | bsph | H2 CY2027 | — | — date | Current |
| Mining Restart | bsph | mid CY2027 | — | — date | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-08-06 | RaisingMrt Ordinary | — | 66.7K | — | Completed | 66,667 ordinary shares quoted; August quoted balance 371,963,006. |
| 2026-07-15 | RaisingMrt Ordinary | — | 514 | — | Completed | 514 option-exercise ordinary shares quoted. |
| 2026-07-09 | RaisingMrt Ordinary | — | 45.2K | — | Completed | 18,519 and 26,667 shares quoted; post-June incremental issue. |
| 2026-04-29 | RaisingMrt Ordinary | A$175M | — | — | Completed | Two-tranche A$175m placement completed; shares incorporated in June ordinary base. |
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.
2025 annual contractual schedule plus 2026 June quarter and May tenement terms; FY2026 annual PDF filed 24 September but denied by host.
Conico manages the 50:50 JV; value only the attributable interest, here carried at zero until an economic study.
Joint Venture · Active- Counterparties
- Conico Ltd
- Applies to
- Mt Thirsty nickel-cobalt-manganese JV · Nickel · Cobalt · Manganese
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Maritana interest: 50 %
No valuation treatment is available for this arrangement.
Maritana retains 25% today; further earn-in can reduce it to 10%. No production cash flow is assumed.
Earn In · Active- Counterparties
- Gold Tiger Resources (Australia) Ltd
- Applies to
- Yarmany Gold Tiger earn-in · Gold
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Gold Tiger earned interest: 75 %
Potential Gold Tiger final interest: 90 %
Spend commitment: 300,000 AUD
Cash payment: 120,000 AUD
No valuation treatment is available for this arrangement.
Applies only to White Flag M26/616; no ore from that tenement is in valued hub cash flow.
Royalty · Active- Counterparties
- Pamela Jean Buchhorn
- Applies to
- Regional gold and White Flag tenements · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Ore mined and treated royalty: 1 AUD/t
No valuation treatment is available for this arrangement.
Five campaigns and sales completed; final distribution and settlement remain outstanding, amount not disclosed.
Joint Venture · Active- Counterparties
- BML Ventures Pty Ltd
- Applies to
- Phillips Find historic tolling JV · Gold
- Economic direction
- Mixed
- Period
- From 2024-08-07; no end date stated
- Key terms
- Toll-treated ore programme: 200,000 t
No valuation treatment is available for this arrangement.
Historic tolling programme completed; no future processing cost projected.
Tolling Or Processing · Active- Counterparties
- FMR Investments Pty Ltd
- Applies to
- Phillips Find historic tolling JV · Gold
- Economic direction
- Burden
- Period
- From 2024-08-07; no end date stated
- Key terms
- Contracted toll ore: 200,000 t
No valuation treatment is available for this arrangement.
Applies to Kanowna East tenure on completion; no Kanowna production in current value.
Royalty · Conditional- Counterparties
- Accelerate Resources Ltd
- Applies to
- Regional gold and White Flag tenements · Gold · Nickel
- Economic direction
- Burden
- Period
- From 2026-05-19; no end date stated
- Key terms
- Net smelter return on acquired tenements: 1 % NSR
No valuation treatment is available for this arrangement.
Royalty receivable if Balagundi is developed; no forecast or base value.
Royalty · Conditional- Counterparties
- Accelerate Resources Ltd
- Applies to
- Regional gold and White Flag tenements · Gold · Nickel
- Economic direction
- Benefit
- Period
- From 2026-05-19; no end date stated
- Key terms
- Net smelter return on divested tenements: 1 % NSR
No valuation treatment is available for this arrangement.
Maritana would grant Accelerate a five-year first-refusal right over future gold toll treatment; no volume or margin is committed.
Tolling Or Processing · Conditional- Counterparties
- Accelerate Resources Ltd
- Applies to
- Black Swan Processing Hub and current gold feed plan · Gold
- Economic direction
- Burden
- Period
- From 2026-05-19; no end date stated
- Key terms
- Right of first refusal: 5 years
No valuation treatment is available for this arrangement.
Intrinsic value
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
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
Grant Haywood
Managing Director and Chief Executive Officer
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.
Elizabeth Jones
Chief Operating Officer
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.
Brendan Shalders
Chief Financial Officer and 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.
Isabel Macchia
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.
Christian Price
General Manager Corporate Development
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.
Stephen Guy
Chief Geologist
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.
Adrianna Skok-Muir
Group Mining Engineer
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.
Doug Flanagan
Project 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.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2025-09-09 · 2,963,866,284 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 12.67% | 375,439,540 | |
| 2 | 9.73% | 288,372,093 | |
| 3 | 4.45% | 131,863,170 | |
| 4 | 2.03% | 60,025,840 | |
| 5 | 1.87% | 55,282,150 | |
| 6 | 1.77% | 52,444,831 | |
| 7 | 1.42% | 42,200,000 | |
| 8 | 1.32% | 39,009,429 | |
| 9 | 1.06% | 31,461,820 | |
| 10 | 1.05% | 31,070,185 | |
| 11 | 1.05% | 31,058,767 | |
| 12 | 1.05% | 30,992,599 | |
| 13 | 0.97% | 28,653,529 | |
| 14 | 0.96% | 28,450,240 | |
| 15 | 0.94% | 27,731,119 | |
| 16 | 0.93% | 27,457,163 | |
| 17 | 0.78% | 22,979,159 | |
| 18 | 0.72% | 21,462,808 | |
| 19 | 0.71% | 21,150,000 | |
| 20 | 0.64% | 18,942,222 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 7.47%Voting power | 2026-04-14 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The 2025 annual report register predates subsequent corporate actions and uses a much larger share count than the April 2026 Form 603 denominator; do not compare percentages or combine these dates. An additional April 2026 change filing could not be extracted from the cached PDF.
Sources
- Annual Financial Report 2025 — Twenty Largest Shareholders
Horizon Minerals Limited / ASX · Published 2025-10-20 · Accessed 2026-10-09
Complete twenty largest ordinary-share register with total shares on issue.
PDF p. 125 (printed p. 61), register and 2,963,866,284 ordinary shares as at 9 September 2025
- Becoming a substantial holder
Maritana Minerals Limited / ASX · Published 2026-04-16 · Accessed 2026-10-09
Franklin Resources Inc. and affiliates reported 27,777,778 ordinary shares (7.47%) based on 371,849,684 shares.
Form 603, page 1; holding and denominator as at 14 April 2026
Disclosed activity
Insider transactions
Trading activity5 buys · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2025-06-30 | Grant William HaywoodGabady Pty Ltd
Details & evidence for Grant William Haywood on 2025-06-30As disclosed: Expiration of options.
director · Start not disclosed Gabady Pty Ltd · Shares/options held through Gabady Pty Ltd <Haywood Superannuation A/C> Grant Haywood Family A/C · Personal interests disclosed as Mr Grant William Haywood <Haywood Family A/C> Change of Director's Interest Notice - G Haywood ↗ Annual Report to shareholders ↗ | ExpiryListed options expiring 30 June 2025, exercise AUD 0.097 | 505,522 | —Not Disclosed | — | 0 |
| 2025-06-30 | Grant William HaywoodGrant Haywood Family A/C
Details & evidence for Grant William Haywood on 2025-06-30As disclosed: Expiration of options.
director · Start not disclosed Gabady Pty Ltd · Shares/options held through Gabady Pty Ltd <Haywood Superannuation A/C> Grant Haywood Family A/C · Personal interests disclosed as Mr Grant William Haywood <Haywood Family A/C> Change of Director's Interest Notice - G Haywood ↗ Annual Report to shareholders ↗ | ExpiryListed options expiring 30 June 2025, exercise AUD 0.097 | 22,300 | —Not Disclosed | — | 0 |
| 2024-11-06 | Grant William HaywoodGabady Pty Ltd
Details & evidence for Grant William Haywood on 2024-11-06Personal account disclosed separately and unchanged. As disclosed: On-market trade
director · Start not disclosed Gabady Pty Ltd · Shares/options held through Gabady Pty Ltd <Haywood Superannuation A/C> Grant Haywood Family A/C · Personal interests disclosed as Mr Grant William Haywood <Haywood Family A/C> Change of Director's Interest Notice ↗ | PurchaseFully paid ordinary shares | 420,000 | AUD 20,135.00 | AUD 0.04794Calculated average | 2,353,300 |
| 2024-08-15 | Jonathan Paul Price
Details & evidence for Jonathan Paul Price on 2024-08-15Direct interest of Jonathan Paul Price. As disclosed: On-market trade
director · Start not disclosed Change of Director's Interest Notice - Price ↗ | PurchaseFully paid ordinary shares | 550,000 | AUD 22,000.00 | AUD 0.04Calculated average | 6,000,000 |
| 2024-08-14 | Ashok Aaron ParekhTimidon Pty Ltd <Ashok Parekh Family A/C>
Details & evidence for Ashok Aaron Parekh on 2024-08-14The disclosure associates the 500,000-share increase with Timidon Pty Ltd <Ashok Parekh Family A/C>. As disclosed: On-market trade
director · Start not disclosed Timidon Pty Ltd <Ashok Parekh Family A/C> · Interest held through Timidon Pty Ltd, Ashok Parekh Family A/C Change of Director's Interest Notice - Parekh ↗ | PurchaseFully paid ordinary shares | 500,000 | AUD 20,430.00 | AUD 0.04086Calculated average | 10,500,000 |
| 2023-08-04 | Jonathan Paul Price
Details & evidence for Jonathan Paul Price on 2023-08-04Direct interest of Jonathan Paul Price. As disclosed: On-market trade
director · Start not disclosed Change of Director's Interest Notice ↗ | PurchaseFully paid ordinary shares | 250,000 | AUD 8,500.00 | AUD 0.034Calculated average | 5,450,000 |
| 2023-04-14 | Jonathan Paul Price
Details & evidence for Jonathan Paul Price on 2023-04-14Direct interest of Jonathan Paul Price. As disclosed: On-market trade
director · Start not disclosed Change of Director's Interest Notice ↗ | PurchaseFully paid ordinary shares | 400,000 | AUD 22,577.00 | AUD 0.056442Calculated average | 5,200,000 |
Disclosed holding observations4 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 |
|---|---|---|---|---|
| 2024-08-31 | Jonathan Paul Price
Details & evidence for Jonathan Paul Price on 2024-08-31Closing position disclosed on cessation as director; not a transaction.
director · Start not disclosed Final Director's Interest Notice ↗ | FinalFully paid ordinary shares | 6,000,000 | — |
| 2024-06-18 | Christopher Hansen
Details & evidence for Christopher Hansen on 2024-06-18Initial director disclosure; no trade inferred.
director · Start not disclosed Initial Director's Interest Notice ↗ | InitialOrdinary shares | 337,412 | — |
| 2024-06-18 | Grant William Haywood
Details & evidence for Grant William Haywood on 2024-06-18Initial director disclosure; snapshot only.
director · Start not disclosed Gabady Pty Ltd · Shares/options held through Gabady Pty Ltd <Haywood Superannuation A/C> Grant Haywood Family A/C · Personal interests disclosed as Mr Grant William Haywood <Haywood Family A/C> Initial Director's Interest Notice ↗ | InitialFully paid ordinary shares | 472,300 | — |
| 2024-06-18 | Grant William Haywood
Details & evidence for Grant William Haywood on 2024-06-18Initial director disclosure; snapshot only.
director · Start not disclosed Gabady Pty Ltd · Shares/options held through Gabady Pty Ltd <Haywood Superannuation A/C> Grant Haywood Family A/C · Personal interests disclosed as Mr Grant William Haywood <Haywood Family A/C> Initial Director's Interest Notice ↗ | InitialFully paid ordinary shares | 1,933,300 | — |
The closest covered peers
Peer comparison
Peer comparison pending
An on-demand analysis selects up to five closest peers and checks what their differences mean for independent fair value.
Narrative and provenance
Research & Sources
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory48 documents
MRT ASX ordinary share closeMarket Data · HighExtracted
market data provider via local ASX price database: MRT ordinary share close A$0.75, volume 2,043,014 on 25 September 2026.
- Document ID
- mrt_market_20260925
- Published UTC
- 2026-09-25T06:10:00Z
- Projects
- —
- Commodities
- —
Boorara Mineralisation Extended Below Planned PitOperations · HighExtracted
Boorara RC drilling extends below planned pit; 119 holes complete, 67 assayed; no revised resource yet.
- Document ID
- mrt_20260924_boorara
- Published UTC
- 2026-09-23T23:46:00Z
- Projects
- —
- Commodities
- gold
Annual Report to shareholdersResults · HighMetadata Only
FY2026 annual report filed 24 September 2026; source host denied the PDF, so no contents used.
- Document ID
- mrt_20260924_annual
- Published UTC
- 2026-09-24T05:37:00Z
- Projects
- —
- Commodities
- —
High-Grade Burbanks Deposit Increases 62% to 750kozResource Update · HighExtracted
Burbanks resource rises to 755koz; 29% indicated, no Ore Reserve; further Phase 2 update guided for Q1 CY2027.
- Document ID
- mrt_20260911_burbanks
- Published UTC
- 2026-09-10T22:19:00Z
- Projects
- —
- Commodities
- gold
Application for quotation of securities - MRTFinancing · MediumExtracted
Application for quotation of securities - MRT; native text reviewed for valuation relevance.
- Document ID
- mrt_2924031187606a1337657
- Published UTC
- 2026-08-06T09:28:28Z
- Projects
- —
- Commodities
- —
Diggers & Dealers Mining Forum PresentationPresentation · MediumExtracted
Diggers & Dealers Mining Forum Presentation; native text reviewed for valuation relevance.
- Document ID
- mrt_2924031174156a1337081
- Published UTC
- 2026-08-03T06:36:00Z
- Projects
- —
- Commodities
- gold
Quarterly Activities Report 30 June 2026Operations · HighExtracted
Quarterly Activities Report 30 June 2026; native text reviewed for valuation relevance.
- Document ID
- mrt_2924031129676a1334797
- Published UTC
- 2026-07-21T22:20:37Z
- Projects
- —
- Commodities
- gold
Quarterly Cash Flow Report 30 June 2026Results · HighExtracted
Quarterly Cash Flow Report 30 June 2026; native text reviewed for valuation relevance.
- Document ID
- mrt_2924031129666a1334796
- Published UTC
- 2026-07-21T22:20:27Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - MRTFinancing · MediumExtracted
Application for quotation of securities - MRT; native text reviewed for valuation relevance.
- Document ID
- mrt_2924031114096a1334020
- Published UTC
- 2026-07-15T08:21:41Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - MRTFinancing · MediumExtracted
Application for quotation of securities - MRT; native text reviewed for valuation relevance.
- Document ID
- mrt_2924031096076a1333211
- Published UTC
- 2026-07-09T00:52:53Z
- Projects
- —
- Commodities
- —
Proposed issue of securities - MRTFinancing · MediumExtracted
Proposed issue of securities - MRT; native text reviewed for valuation relevance.
- Document ID
- mrt_2924031088196a1332909
- Published UTC
- 2026-07-07T09:04:20Z
- Projects
- —
- Commodities
- —
Proposed issue of securities - MRTFinancing · MediumExtracted
Proposed issue of securities - MRT; native text reviewed for valuation relevance.
- Document ID
- mrt_2924031080716a1332600
- Published UTC
- 2026-07-06T00:35:40Z
- Projects
- —
- Commodities
- —
Notification of cessation of securities - MRTFinancing · MediumExtracted
Notification of cessation of securities - MRT; native text reviewed for valuation relevance.
- Document ID
- mrt_2924031064706a1331981
- Published UTC
- 2026-07-01T06:02:46Z
- Projects
- —
- Commodities
- —
Proposed issue of securities - MRTFinancing · MediumExtracted
Proposed issue of securities - MRT; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030934306a1326822
- Published UTC
- 2026-05-25T06:40:12Z
- Projects
- —
- Commodities
- —
Kanowna East Project Acquired in Strategic Tenement SwapTransaction · HighExtracted
Kanowna East Project Acquired in Strategic Tenement Swap; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030912756a1325986
- Published UTC
- 2026-05-18T22:15:37Z
- Projects
- —
- Commodities
- gold
Additional Consolidation of Strategic Tenements around BSPHTransaction · HighExtracted
Additional Consolidation of Strategic Tenements around BSPH; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030886316a1324899
- Published UTC
- 2026-05-10T23:00:39Z
- Projects
- —
- Commodities
- gold
Application for quotation of securities - MRTFinancing · MediumExtracted
Application for quotation of securities - MRT; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030879776a1324618
- Published UTC
- 2026-05-07T08:58:13Z
- Projects
- —
- Commodities
- —
Quarterly Cash Flow Report 31 March 2026Results · HighExtracted
Quarterly Cash Flow Report 31 March 2026; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030834406a1322516
- Published UTC
- 2026-04-28T22:16:46Z
- Projects
- —
- Commodities
- —
Quarterly Activities Report 31 March 2026Operations · HighExtracted
Quarterly Activities Report 31 March 2026; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030834396a1322515
- Published UTC
- 2026-04-28T22:16:31Z
- Projects
- —
- Commodities
- gold
Gold Ore Reserve UpdateReserve Update · HighExtracted
Gold Ore Reserve Update; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030573806a1312438
- Published UTC
- 2026-02-17T01:52:35Z
- Projects
- —
- Commodities
- gold
Lake Johnston Processing Infra. Acquisition CompletesTransaction · HighExtracted
Lake Johnston Processing Infra. Acquisition Completes; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030565006a1312046
- Published UTC
- 2026-02-13T09:21:26Z
- Projects
- —
- Commodities
- gold
Gold Mineral Resources UpdateResource Update · HighExtracted
Gold Mineral Resources Update; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030561126a1311861
- Published UTC
- 2026-02-12T22:11:52Z
- Projects
- —
- Commodities
- gold
Quarterly Cash Flow Report 31 December 2025Results · HighExtracted
Quarterly Cash Flow Report 31 December 2025; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030508686a1309447
- Published UTC
- 2026-01-29T22:31:49Z
- Projects
- —
- Commodities
- —
Quarterly Activities Report 31 December 2025Operations · HighExtracted
Quarterly Activities Report 31 December 2025; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030508656a1309445
- Published UTC
- 2026-01-29T22:31:29Z
- Projects
- —
- Commodities
- gold
Feasibility Study UpdateStudy · HighExtracted
Feasibility Study Update; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030415556a1305271
- Published UTC
- 2025-12-23T22:43:15Z
- Projects
- —
- Commodities
- gold
Black Cat Acquires Strategic Tenements Near LakewoodTransaction · HighExtracted
Black Cat Acquires Strategic Tenements Near Lakewood; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030365526a1303044
- Published UTC
- 2025-12-11T21:25:56Z
- Projects
- —
- Commodities
- gold
Completion of Gordons Dam Project AcquisitionTransaction · HighExtracted
Completion of Gordons Dam Project Acquisition; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030212506a1296355
- Published UTC
- 2025-11-10T21:18:41Z
- Projects
- —
- Commodities
- gold
Quarterly Cash Flow Report 30 September 2025Results · HighExtracted
Quarterly Cash Flow Report 30 September 2025; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030103416a1291290
- Published UTC
- 2025-10-19T22:38:41Z
- Projects
- —
- Commodities
- —
Quarterly Activities Report 30 September 2025Operations · HighExtracted
Quarterly Activities Report 30 September 2025; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030103366a1291287
- Published UTC
- 2025-10-19T22:36:56Z
- Projects
- —
- Commodities
- gold
Annual Report to shareholdersResults · HighExtracted
Annual Report to shareholders; native text reviewed for valuation relevance.
- Document ID
- mrt_2924030103216a1291274
- Published UTC
- 2025-10-19T22:31:56Z
- Projects
- —
- Commodities
- —
Pre Feasibility StudyStudy · HighExtracted
Pre Feasibility Study; native text reviewed for valuation relevance.
- Document ID
- mrt_2924029841236a1280248
- Published UTC
- 2025-08-26T22:08:34Z
- Projects
- —
- Commodities
- gold
Amended - Acquisition of Gordons Dam Project near Black SwanTransaction · HighExtracted
Amended - Acquisition of Gordons Dam Project near Black Swan; native text reviewed for valuation relevance.
- Document ID
- mrt_2924029773066a1277814
- Published UTC
- 2025-08-11T07:16:30Z
- Projects
- —
- Commodities
- gold
Acquisition of Gordons Dam Project near Black SwanTransaction · HighExtracted
Acquisition of Gordons Dam Project near Black Swan; native text reviewed for valuation relevance.
- Document ID
- mrt_2924029750046a1276837
- Published UTC
- 2025-08-04T22:24:04Z
- Projects
- —
- Commodities
- gold
Group Mineral Resources Statement - AmendedResource Update · HighExtracted
Group Mineral Resources Statement - Amended; native text reviewed for valuation relevance.
- Document ID
- mrt_2924029476986a1264976
- Published UTC
- 2025-05-18T22:19:45Z
- Projects
- —
- Commodities
- gold
Group Mineral Resources StatementResource Update · HighExtracted
Group Mineral Resources Statement; native text reviewed for valuation relevance.
- Document ID
- mrt_2924029401186a1261807
- Published UTC
- 2025-04-28T22:17:01Z
- Projects
- —
- Commodities
- gold
Sale Complete of Ineligible Shareholdings from POS MergerTransaction · HighExtracted
Sale Complete of Ineligible Shareholdings from POS Merger; native text reviewed for valuation relevance.
- Document ID
- mrt_2924029254406a1255920
- Published UTC
- 2025-03-16T21:20:28Z
- Projects
- —
- Commodities
- gold
Implementation of Schemes of ArrangementOperations · HighExtracted
Implementation of Schemes of Arrangement; native text reviewed for valuation relevance.
- Document ID
- mrt_292402914753nps6a1252111
- Published UTC
- 2025-02-19T03:24:54Z
- Projects
- —
- Commodities
- gold
Court Approval of SchemesOperations · HighExtracted
Court Approval of Schemes; native text reviewed for valuation relevance.
- Document ID
- mrt_2924029107076a1250449
- Published UTC
- 2025-02-07T02:41:43Z
- Projects
- —
- Commodities
- gold
Pennys Find Pre-Feasibility Study and Ore ReserveReserve Update · HighExtracted
Pennys Find Pre-Feasibility Study and Ore Reserve; native text reviewed for valuation relevance.
- Document ID
- mrt_2924028960736a1244213
- Published UTC
- 2024-12-17T21:13:37Z
- Projects
- —
- Commodities
- gold
Horizon & Poseidon Merger PresentationPresentation · MediumExtracted
Horizon & Poseidon Merger Presentation; native text reviewed for valuation relevance.
- Document ID
- mrt_2924028714796a1233224
- Published UTC
- 2024-10-24T22:49:52Z
- Projects
- —
- Commodities
- gold
POS: Poseidon and Horizon announce Merger TransactionTransaction · HighExtracted
POS: Poseidon and Horizon announce Merger Transaction; native text reviewed for valuation relevance.
- Document ID
- mrt_292402871477nps6a1233296
- Published UTC
- 2024-10-24T22:48:57Z
- Projects
- —
- Commodities
- gold
Horizon & Poseidon Merging to create Mid Cap ProducerOperations · HighExtracted
Horizon & Poseidon Merging to create Mid Cap Producer; native text reviewed for valuation relevance.
- Document ID
- mrt_292402871476ps6a1233237
- Published UTC
- 2024-10-24T22:48:52Z
- Projects
- —
- Commodities
- gold
Boorara Ore Reserve Supports Development - AmendedReserve Update · HighExtracted
Boorara Ore Reserve Supports Development - Amended; native text reviewed for valuation relevance.
- Document ID
- mrt_2924028346736a1218914
- Published UTC
- 2024-08-01T05:53:06Z
- Projects
- —
- Commodities
- gold
Group Mineral Resources Statement - AmendedResource Update · HighExtracted
Group Mineral Resources Statement - Amended; native text reviewed for valuation relevance.
- Document ID
- mrt_2924028346676a1218912
- Published UTC
- 2024-08-01T05:49:21Z
- Projects
- —
- Commodities
- gold
Boorara Ore Reserve Supports DevelopmentReserve Update · HighExtracted
Boorara Ore Reserve Supports Development; native text reviewed for valuation relevance.
- Document ID
- mrt_2924028315916a1217350
- Published UTC
- 2024-07-25T22:19:15Z
- Projects
- —
- Commodities
- gold
Group Mineral Resources StatementResource Update · HighExtracted
Group Mineral Resources Statement; native text reviewed for valuation relevance.
- Document ID
- mrt_2924028311496a1217155
- Published UTC
- 2024-07-24T22:23:29Z
- Projects
- —
- Commodities
- gold
Half Yearly Report and AccountsResults · HighExtracted
Half Yearly Report and Accounts; native text reviewed for valuation relevance.
- Document ID
- mrt_2924027827896a1197397
- Published UTC
- 2024-03-08T01:35:18Z
- Projects
- —
- Commodities
- —
Pennys Find Resource UpdateResource Update · HighExtracted
Pennys Find Resource Update; native text reviewed for valuation relevance.
- Document ID
- mrt_2924027587286a1188332
- Published UTC
- 2023-12-28T21:23:24Z
- Projects
- —
- Commodities
- gold
Evidence facts47
371963006 shares
2026-08-0666667 shares
2026-08-063166861 rights
2026-08-06400002 options
2026-08-061.9 Moz
2026-02-132.5 Mtpa
2026-08-03546000 oz
2026-02-17631300000 AUD
2026-02-175500 AUD/oz
2026-02-173353 AUD/oz
2026-02-17131000000 AUD
2026-02-17371900000 shares
2026-07-31229491000 AUD
2026-06-30371850639 shares
2026-06-303166861 rights
2026-06-30mid CY2027 None
2026-07-22H2 CY2027 None
2026-07-225 campaigns
2026-06-302474993 AUD
2026-06-30460000 t
2026-06-3014600 oz
2026-06-30229491000 AUD
2026-06-30-3106000 AUD
2026-06-30-1874000 AUD
2026-06-301 % NSR
2026-05-191 % NSR
2026-05-195 years
2026-05-19345000 AUD
2026-05-11509259 shares
2026-05-11214000 oz
2026-02-171878000 oz
2026-02-13March 2026 quarter None
2025-12-242466042792 shares
2025-06-3050 %
2025-06-3025 %
2025-06-301 AUD/t
2025-06-30200000 t
2024-08-07755000 oz
2026-09-1129 %
2026-09-11259000 oz
2026-09-11496000 oz
2026-09-11119 holes
2026-09-2467 holes
2026-09-24December 2026 quarter None
2026-09-24March 2027 quarter None
2026-09-240.75 AUD/share
2026-09-252043014 shares
2026-09-25