MGI group becomes substantial holder in Maronan Metals

The MGI Group Entities, comprising Gibson Minerals Limited (GML), Mount Gibson Iron Limited (MGI), and several associates, have become a substantial holder in Maronan Metals Limited as of October 14, 2025. GML and its associates now hold a combined 12,619,048 fully paid ordinary shares, representing a 5.11% voting power in Maronan Metals.

This relevant interest stems from GML being the direct holder of the shares, with all other MGI Group Entities holding their interests through association with GML. The acquisition included 4,285,714 shares in the four months prior to becoming a substantial shareholder, valued at AUD 1,499,999.90, or AUD 0.35 per Company share. This transaction was part of an institutional placement announced by Maronan Metals on the ASX on October 8, 2025.

David Stokes, company secretary, signed the notice on behalf of the MGI Group Entities. The group includes several related bodies corporate, such as Mount Gibson Mining Limited, Aztec Resources Limited, and Koolan Iron Ore Pty Ltd.