The Loyalty Islands (SW Pacific) are uplifted as they are progressively affected by the lithospheric flexure of the Australian plate, before its subduction under the New Hebrides Arc. These geodynamic changes are constrained by magnetostratigraphically dating two sections from Maré Island, where mineral extractions coupled with rock‐magnetic experiments suggest that the magnetic remanence is mostly carried by a mixture of single‐domain to multidomain magnetite/maghemite. With the help of faunal determinations and radiometric dating, the sequences of polarity reversals, correlated to the geomagnetic polarity timescale, range from the top of Chron C4n (late Miocene) to the top of the Gauss Chron (late Pliocene). This new chronostratigraphy refines the timing of two distinctive carbonate units (rhodolith platform/coral reefs) separated by a hardground whose transition is known to coincide approximately with a regional event around the Miocene/Pliocene boundary. The magnetostratigraphic dating indicates that the hardground represents about a 1.9 m.y. hiatus and suggests variable sedimentation rates ranging from 4.7 to 65.4 m/m.y. during the atoll construction. The lithospheric bulge seems to have influenced the evolution of Maré Island some 3.1 m.y. ago, leading to a diachronous emersion of the northeast and southwest rim of the atoll with a mean uplift rate of the order of 4 cm/kyr.