Companies / AIS

AERIS RESOURCES LIMITED

ASX:AISMaterials
1.50B shares on issueASX (delayed) · snapshot 28 Oct 20261.55B fully diluted+3.4% if every option and right converts$0.41price · delayed$600.3MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 96.7% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 55% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)55.0%
Raise cadence (24m)1 cash raise
Options & rights overhang3.4% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

AERIS RESOURCES LIMITED's ordinary share count grew 55.0% between December 2024 and September 2026, its latest share-count filing, to 1.50B shares. The company raised capital once in that period, a Placement and Security Purchase Plan (SPP) in October 2025 raising A$101.6M. Options and rights on issue could convert into 50M new shares, equal to 3.4% of the current share count, none of which are in the money; the nearest expiry date has not been disclosed on any filing on record. The company's latest cash report is a half-year/annual report for the period ended June 2026, which reported non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 28 Oct 2026
Quick answers · 4

When did AIS last raise capital?

The last capital raise in Aeris Resources's filings is Placement and Security Purchase Plan (SPP) of $101.6M announced 31 Oct 2025, one of 1 cash raises in 24 months.

How much placement capacity does AIS have left?

No 15% placement capacity left, all of it 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 many options and rights does AIS have outstanding?

Unexercised options and rights equal 3.4% of Aeris Resources's shares on issue.

How much has AIS's share count grown?

Aeris Resources has 1.50B shares on issue as at 28 Oct 2026, up 55.0% over 24 months according to its Appendix 2A filings.

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3.4%
Options & rights overhang
—
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply · no stated strikes
1
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.50B per ASX (delayed) (snapshot 28 Oct 2026).
1.00B1.25B1.50BDec 24Nov 25Oct 26Cash raise · 31 Oct 20251.50B

Cash runway

—
The latest annual report shows no net cash burn, so there is no cash-out date.
$164.9M cash after burn · operating cash flow only.
FILED $164.9M cash · year ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$164.9M cash at 30 Jun 2026 = $164.9M left (no net burn, so nothing is deducted)FILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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2 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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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)

DateFormSecurityOn issue, per this filingSource
28 Oct 20263G · unquotedAIS : ORDINARY FULLY PAID1.50BAppendix 3G
8 Sept 20263H · cancellationORDINARY FULLY PAID1.50BAppendix 3H
7 Sept 20262A · quoted issueAIS : ORDINARY FULLY PAID1.50BAppendix 2A
14 July 20263H · cancellationORDINARY FULLY PAID1.50BAppendix 3H
1 July 20262A · quoted issueAIS : ORDINARY FULLY PAID1.50BAppendix 2A
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24 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$101.6M
Placement and Security Purchase Plan (SPP)
At 45.0c, 13.5% below the last close
31 Oct 2025 COMPLETE
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2 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

No 15% placement capacity left — all of it used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Shares issued with holder approval are not added to the base, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

3.4%
Options & rights overhang · of current shares
—
In-the-money supply · no stated strikes
50.5M
Potential new shares
—
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 50.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
AISAFPerformance rightsCondition-triggered——50.5MFiling Meeting

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
22 Oct 2026Andre LabuschagneOther incentive——1.6M—3Y notice
7 Sept 2026Andre LabuschagneOther incentive847k———3Y notice
23 Dec 2025Andre LabuschagneOther incentive——3.4M—3Y notice
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6 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.