Maronan Metals appoints experienced mining executive Andrew Graham as Managing Director and CEO, marking a key leadership transition to advance its Maronan Project through drilling and feasibility milestones.
- Andrew Graham appointed Managing Director and CEO starting 23 November 2026
- Brings 30 years' expertise in underground base and precious metals projects
- Leadership change aligns with accelerated drilling and feasibility studies
- Outgoing MD Richard Carlton to remain as Non-Executive Director
- Employment package includes $475,000 base salary plus incentives and sign-on options
Experienced Executive Takes Helm at Maronan Metals
Maronan Metals Limited (ASX:MMA) has appointed Andrew Graham as its new Managing Director and Chief Executive Officer, effective 23 November 2026. This leadership change comes at a critical juncture as the company prepares to ramp up drilling and advance technical studies at its flagship Maronan Project in northwest Queensland.
Graham brings three decades of mining industry experience, predominantly in underground base and precious metals operations. His track record includes pivotal roles at Aurelia Metals, where he served as Chief Development and Technical Officer and interim CEO, and MMG Limited, where he oversaw the restart and development of the Dugald River zinc, silver, and lead mine located in the same North West Queensland province. The Board views his expertise as well-suited to navigating Maronan’s upcoming phases of resource expansion, feasibility work, and mining lease applications.
Strategic Leadership Transition Amid Project Acceleration
The appointment finalises the executive transition process initiated in May 2026 and follows a comprehensive search by the Board. Outgoing Managing Director Richard Carlton will step down after a short handover period but will remain on the Board as a Non-Executive Director, providing continuity during this pivotal phase.
Chairman Simon Bird highlighted Graham’s blend of technical acumen and capital markets credibility as key assets for Maronan. “Andrew’s record in taking underground base metals projects from study through financing and into production makes him the right leader for that work,” Bird said, referencing Graham’s experience at Dugald River.
With recent capital injections, notably from Kinterra Capital, Maronan is well-funded to accelerate its drilling program and progress the Preliminary Feasibility Study (PFS). This momentum aims to upgrade the mineral resource and support regulatory milestones, including obtaining a mining lease. Graham’s arrival dovetails with this intensified development schedule, positioning Maronan to potentially emerge as a significant Australian silver-lead and copper-gold producer.
Employment Terms Reflect Growth Ambitions
Graham’s remuneration package includes a base salary of $475,000 plus superannuation, with a short-term incentive target of 50% of base salary and a long-term incentive opportunity valued at 100% of base salary. He also receives a sign-on grant of 3 million unlisted options and 3.5 million performance rights, contingent on share price hurdles and continued employment. These incentives align his interests with shareholder value creation as Maronan advances its development milestones.
The company’s dual-track work program continues apace, focusing on infill and extensional drilling around the Starter Zone and advancing technical, geotechnical, and metallurgical studies. These efforts underpin the pathway toward definitive feasibility and project sanction.
Bottom Line?
Andrew Graham’s appointment signals Maronan Metals’ commitment to executing its development roadmap, with upcoming drilling results and feasibility updates set to test the company’s growth potential.
Questions in the middle?
- How will Graham’s leadership influence the pace and scope of Maronan’s drilling campaign?
- What milestones will Maronan prioritize under the new CEO to advance the mining lease application?
- How might the incentive structure impact Graham’s strategic decisions during the critical feasibility phase?