Companies / AKM

ASPIRE MINING LIMITED

ASX:AKMMaterials
507.6M shares on issueASX (delayed) · snapshot 11 Sept 2026514.1M fully diluted+1.3% if every option and right converts$0.20price · delayed$104.1Mmarket cap · indicative

Today’s holders own 98.7% of what they think they own, once every option and right converts.

Low
Dilution risk

Runway under 2 quarters; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.2 quarters of funding
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)1 cash raise
Options & rights overhang1.3% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

ASPIRE MINING LIMITED has no share-issuance filings on record in the observed window, and no new share-issuance filings were lodged since January 2024. The company undertook one capital raise in the past 24 months, a A$10.0M placement related to its Ovoot Bond program, which occurred in September 2026. Options and rights on issue could convert into 6M new shares, representing 1.3% of current shares, with none in the money; no filing states an expiry date for these securities. As of the June 2026 quarter, the company reported A$2.2M in available cash, covering 1.2 quarters of its recent expenditure rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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1.3%
Options & rights overhang
In-the-money supply · no stated strikes
1
Raises · last 12 months
1.2 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 507.6M per ASX (delayed) (snapshot 11 Sept 2026).
505.0M507.5M510.0MDec 24Oct 25Sept 26507.6M

Cash runway

1.2 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Oct 2026 at the reported spend rate.
$2.2M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $3.6M cash at quarter end (item 4.6), 2.6 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
3 June 20263G · unquotedAKM : ORDINARY FULLY PAID507.6MAppendix 3G
8 Sept 20253H · cancellationAKM : ORDINARY FULLY PAID507.6MAppendix 3H
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2 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

$13.5M
Placement
11 Sept 2026 ACTIVE
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1 raise 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 Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

1.3%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
6.5M
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 6.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
AKMACPerformance rightsCondition-triggered6.5MFiling 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.

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
3 June 2026Greg MillenOther incentive500k3Y notice
3 June 2026Zoljargal DashnyamOther incentive500k3Y notice
2 Sept 2025Russell Alan TaylorSell incentive500k3Y notice
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3 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.