AUMEGA METALS LTD
ASX:AAMMaterialsToday’s holders own 67.0% of what they think they own, once every option and right converts.
Share count grew 177% in 24 months; options/rights overhang 49% of shares; 2 cash raises in 24 months
AUMEGA METALS LTD's ordinary share count rose 176.7% between August 2024 and September 2026, its latest share-count filing, to 1.46B shares. Over the past 24 months the company completed 2 capital raisings for total proceeds of A$61.0M, most recently a A$30.9M placement in February 2026. Options and rights could convert into 717M new shares, representing a 49.3% overhang on the current share count; none are in the money. The nearest expiry is in January 2027. The company holds more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 4
When did AAM last raise capital?
The last capital raise in Aumega Metals's filings is Placement of $30.9M announced 18 Feb 2026, one of 2 cash raises in 24 months.
How much cash does AAM have?
In its quarterly cash report for the quarter ended 30 June 2026, Aumega Metals reported $27.3M of cash and estimated 10.1 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do AAM's options expire?
Unexercised options and rights equal 49.3% of Aumega Metals's shares on issue; the nearest expiry is Jan 2027.
How much has AAM's share count grown?
Aumega Metals has 1.46B shares on issue as at 28 Oct 2026, up 176.7% over 24 months according to its Appendix 2A filings.
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 |
|---|---|---|---|---|
| 2 Oct 2026 | 3G · unquoted | AAM : ORDINARY FULLY PAID | 1.46B | Appendix 3G |
| 7 Sept 2026 | 2A · quoted issue | AAM : ORDINARY FULLY PAID | 1.46B | Appendix 2A |
| 28 July 2026 | 3H · cancellation | AAM : ORDINARY FULLY PAID | 1.46B | Appendix 3H |
| 30 June 2026 | 3G · unquoted | AAM : ORDINARY FULLY PAID | 1.46B | Appendix 3G |
| 30 June 2026 | 2A · quoted issue | AAM : ORDINARY FULLY PAID | 1.46B | Appendix 2A |
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 · drilling new targets (to start)
- by end 2026 · sample collection (planned)
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
- Price-triggered704.6M · 48.4% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 649.9M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered12.4M · 0.9% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 52.2M priced, 2.5M at a stated nil price, 662.3M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
An exercise price is on record for only 7.3% 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 $0.030 today. No more priced supply until 1.5× today’s price, which takes it to 11.5M (0.8% 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.
- 2.5M (0.4% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
- 662.3M (92.4% 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 |
|---|---|---|---|---|---|---|
| AAMAA | Options | Price-triggered | Nil | 1 Jan 2027 | 167k | Filing |
| AAMAM | Options | Price-triggered | Nil | 1 Oct 2027 | 60k | Filing |
| AAMAN | Options | Price-triggered | Nil | 1 Mar 2029 | 570k | Filing |
| AAMAJ | Options | Price-triggered | $0.26 | 1 May 2029 | 2.8M | Filing |
| AAMAH | Options | Price-triggered | Nil | 31 Dec 2029 | 831k | Filing |
| AAMAI | Options | Price-triggered | Nil | 1 Jan 2030 | 912k | Filing |
| AAMAE | Options | Price-triggered | $0.059 | 1 Jan 2030 | 6.8M | Filing |
| AAMAC | Options | Price-triggered | $0.14 | 1 Jan 2030 | 6.0M | Filing |
| AAMAG | Options | Price-triggered | $0.059 | 1 May 2030 | 2.0M | Filing |
| AAMAO | Options | Price-triggered | $0.045 | 22 Dec 2030 | 1.8M | Filing |
| AAMAAE | Options | Price-triggered | $0.040 | 1 Jan 2031 | 3.3M | Filing |
| AAMAAG | Options | Price-triggered | $0.042 | 1 Jan 2031 | 820k | Filing |
| AAMAF | Options | Price-triggered | $0.050 | 1 Jan 2031 | 8.0M | Filing |
| AAMAP | Options | Price-triggered | $0.044 | 26 Apr 2031 | 1.5M | Filing |
| AAMAAD | Options | Price-triggered | $0.040 | 28 May 2031 | 4.6M | Filing |
| AAMAAF | Options | Price-triggered | $0.042 | 28 May 2031 | 1.3M | Filing |
| AAMAQ | Options | Price-triggered | $0.050 | 5 June 2031 | 13.4M | Filing |
| — | Options | Price-triggered, no exercise price stated | — | — | 7.5M | Filing |
| AAMAB | Performance rights | Condition-triggered | — | — | 12.4M | Filing |
| AAMAW | Warrants | Price-triggered, no exercise price stated | — | — | 642.4M | 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.
- AAMAKPrice-triggered824k securities → 012 June 2026 Appendix 2A
- AAMALPrice-triggered412k securities → 09 Jan 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 30 June 2026 | Carol MARINKOVICH | Other incentive | 865k | 810k | — | — | 3Y notice |
| 30 June 2026 | James Carr WITHALL | Other | 1.4M | 1.4M | — | — | 3Y notice |
| 30 June 2026 | Justin OSBORNE | Other | — | 536k | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.