Maronan Metals (ASX:MMA) has appointed mining engineer Andrew Graham as managing director and CEO, with his tenure expected to begin on 23 November 2026.
Graham brings 30 years of experience across underground mine operations, project development, strategy, mergers and acquisitions, and corporate finance.
He is currently chief development and technical officer at Aurelia Metals (ASX:AMI), where he has also served as interim CEO.
Between 2009–2020, Graham held general manager roles with MMG (ASX:MMG) spanning project delivery, development, strategy, and mergers and acquisitions.
His work included the re-engineering, approval, and recommencement of construction at the Dugald River underground zinc-silver-lead mine in North West Queensland.
The appointment concludes the leadership transition process announced by Maronan in May and comes as the company accelerates drilling at its Maronan Project.
Over the next two years, Maronan intends to expand and upgrade the project’s mineral resource, complete Preliminary and Definitive Feasibility Studies, and secure a mining lease.
Chairman Simon Bird says Graham’s experience taking underground base metals projects from studies through financing and into production suits the company’s development plans.
“Andrew’s record in taking underground base metals projects from study through financing and into production – including Dugald River, in the same province as Maronan – makes him the right leader for that work,” Bird says.
Graham will receive a base salary of $475,000 annually plus $32,500 in superannuation. His sign-on package includes 3 million unlisted options split equally between exercise prices of $0.59 and $0.84.
He will also receive 3.5 million performance rights in two equal tranches, subject to Maronan’s 20-trading-day volume-weighted average price reaching $1.11 and $1.48, respectively.
Current Managing Director Richard Carlton will remain on the board as a non-executive director after a handover period. Shareholders will vote on Graham’s appointment as a director at the company’s forthcoming annual general meeting.
Maronan Metals is a development company advancing its namesake silver-lead and copper-gold project in the Cloncurry region of North West Queensland.
Write to France Pinzon at Mining.com.au
Images: Maronan Metals
