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Maritana Minerals Limited (ASX:MRT)

ALERT: Price-sensitive ASX Announcement for MRT
Current share price for MRT : $0.655 -0.015 (-2.24%)+
Announcement
Release
9 Jun 2026 8:16AM
Price at Release
$0.670
Full Release
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Summary
Maritana Minerals Limited has announced an update on the Black Swan Processing Hub project, increasing the processing capacity to 2.5 million tonnes per annum. The completion of Front-End Engineering Design studies has supported this development. The company is exploring strategies to manage capital costs while progressing key regulatory approvals. Project execution is strengthened with the appointment of Zeal Engineering and enhancements in site mobilisation, accommodation, power, and water supply. Mine readiness activities are underway to support the commencement of mining operations in early 2027. The company maintains a robust funding position with $229 million in cash reserves.
Key Points
  • Maritana Minerals Limited has increased the capacity of the Black Swan Processing Hub (BSPH) from 2.2MTPA to 2.5MTPA.
  • Front-End Engineering Design (FEED) studies have been completed to support this capacity increase.
  • The company is assessing capital costs and considering deferring some expenditures.
  • Key regulatory approvals are in progress, including works approvals and native vegetation clearing permits.
  • Zeal Engineering has been appointed as the Owner's Engineer to strengthen project delivery.
  • Site mobilisation has been accelerated with appointments of senior executives.
  • Accommodation plans include a permanent 60-room camp at BSPH and a 50-room camp in Kalgoorlie.
  • Grid power and water supply studies are underway.
  • Mine readiness activities are advancing with the appointment of MineBuild Global.
  • Strong funding position with a $229M cash balance.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.