Companies / AIS

AERIS RESOURCES LIMITED

ASX:AISMaterials
1.50B shares on issueASX (delayed) · snapshot 11 Sept 20261.54B fully diluted+2.8% if every option and right converts$0.52price · delayed$772.9Mmarket cap · indicative

Today’s holders own 97.3% of what they think they own, once every option and right converts.

Moderate
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 runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)55.0%
Raise cadence (24m)1 cash raise
Options & rights overhang2.8% 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, reaching 1.50B shares. The company undertook one capital raise in the past 24 months, a A$101.6M placement and Security Purchase Plan in October 2025. Options and rights on issue represent a potential dilution of 42M shares, or 2.8% of the current share count, with zero percent currently in the money. No filing on record states an expiry date for these securities. The company has not lodged a current quarterly cash report, therefore no cash balance or funding-runway figure is disclosed on that basis.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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2.8%
Options & rights overhang
In-the-money supply · no stated strikes
1
Raises · last 12 months
Cash cover · not a quarterly filer

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 11 Sept 2026).
1.00B1.25B1.50BDec 24Oct 25Sept 26Cash raise · 28 Oct 20251.50B

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
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
30 June 20262A · quoted issueAIS : ORDINARY FULLY PAID1.50BAppendix 2A
14 Apr 20263H · cancellationORDINARY FULLY PAID1.20BAppendix 3H
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23 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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Capital raises

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

$101.6M
Placement and Security Purchase Plan (SPP)
28 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B 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 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, 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

2.8%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
41.9M
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 41.9M 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-triggered41.9MFiling 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.

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
7 Sept 2026Andre LabuschagneOther incentive847k3Y notice
23 Dec 2025Andre LabuschagneOther incentive3.4M3Y notice
23 Dec 2025Colin MoorheadBuy entitlement/SPP44k$20k3Y notice
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5 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 12 Sept 2026.