ARIANA RESOURCES PLC
ASX:AA2MaterialsToday’s holders own 87.2% of what they think they own, once every option and right converts.
2 cash raises in 24 months; options/rights overhang 15% of shares
Ariana Resources PLC's latest share-count filing shows 308M shares as of August 2026, but a comparable earlier filing from the series used to calculate growth is not available, so the percentage change over time is not stated. The company raised capital twice in the 24-month window for total proceeds of A$8.0M, most recently a A$7.5M placement in December 2025. Options and rights on issue could convert into 45M new shares, equal to 14.6% of the current share count, none of which are in the money; the nearest expiry is December 2027. The company reports more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 4
When did AA2 last raise capital?
The last capital raise in Ariana Resources's filings is Placement of $7.5M announced 22 Dec 2025, one of 2 cash raises in 24 months.
How much placement capacity does AA2 have left?
About 32% of the 15% placement capacity left, about 68% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does AA2 have?
In its quarterly cash report for the quarter ended 30 June 2026, Ariana Resources reported $33.2M of cash and estimated 13.4 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do AA2's options expire?
Unexercised options and rights equal 14.6% of Ariana Resources's shares on issue; the nearest expiry is Dec 2027.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 22 May 2026 | 2A · quoted issue | AA2 : CHESS DEPOSITARY INTERESTS 1:10 | 49.6M | Appendix 2A |
| 22 May 2026 | 3G · unquoted | CHESS DEPOSITARY INTERESTS 1:10 | 46.1M | Appendix 3G |
| 30 Apr 2026 | 3G · unquoted | AA2 : CHESS DEPOSITARY INTERESTS 1:10 | 46.4M | Appendix 3G |
| 30 Apr 2026 | 3G · unquoted | AA2 : CHESS DEPOSITARY INTERESTS 1:10 | 46.4M | Appendix 3G |
| 6 Feb 2026 | 3G · unquoted | CHESS DEPOSITARY INTERESTS | 52.5M | Appendix 3G |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (49.6M) need not equal the current count above (307.7M).
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 2 in the last 12 months
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- by end 2026 · final MRE for Feasibility Study (to complete)
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
An exercise price is on record for only 34.6% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.26 today. At double today’s price it is 15.6M (5.1% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 29.4M (65.4% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| AA2AG | Options | Price-triggered | $0.50 | 31 Dec 2027 | 15.6M | Filing |
| AA2AE | Options | Price-triggered, no exercise price stated | — | 31 Mar 2029 | 25.0M | Filing |
| AA2AF | Options | Price-triggered, no exercise price stated | — | 26 Aug 2029 | 4.4M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.