AUMEGA METALS LTD
ASX:AAMMaterialsToday’s holders own 67.2% of what they think they own, once every option and right converts.
Share count grew 177% in 24 months; 4 cash raises in 24 months; options/rights overhang 49% of shares
AUMEGA METALS LTD's ordinary share count grew 176.7% between August 2024 and September 2026, reaching 1.46B shares. Over the past 24 months, the company has raised capital four times, totalling A$92.3M, with the most recent event being a A$30.1M placement in February 2026. At present, options and rights on issue could convert into 710M new shares, representing 48.7% of the current share count. The nearest expiry for these instruments is January 2027. As of June 2026, the company held A$25.0M in cash, sufficient to cover 8.6 quarters of operations based on its recent expenditure rate. No proposed securities issues are currently pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 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 |
| 22 June 2026 | 3H · cancellation | AAM : ORDINARY FULLY PAID | 1.46B | Appendix 3H |
Capital raises
4 cash raises in the last 24 months · 2 in the last 12 months
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered697.1M · 47.9% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 642.4M 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, 654.8M 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 7.4% 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 $0.036 today. No more priced supply until 1.25× 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.
- 654.8M (92.3% 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 |
| AAMAB | Performance rights | Condition-triggered | — | — | 12.4M | Filing |
| AAMAW | Warrants | Price-triggered | — | — | 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.
- 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 12 Sept 2026.