Companies / ALB

ALBION RESOURCES LIMITED

ASX:ALBMaterials
145.2M shares on issueASX (delayed) · snapshot 11 Sept 2026211.2M fully diluted+45.5% if every option and right converts$0.060price · delayed$8.7Mmarket cap · indicative

Today’s holders own 68.7% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 78% in 24 months; options/rights overhang 46% of shares; runway 4–8 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway4.7 quarters of funding
Share-count growth (24m)78.0%
Raise cadence (24m)0 cash raises
Options & rights overhang45.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ALBION RESOURCES LIMITED's ordinary share count grew 78.0% between December 2024 and May 2026, to 145M shares. The company has not raised capital in the past 24 months. Options and rights on issue could convert into 66M new shares, representing 45.5% of the current share count, with the nearest expiry in January 2028; none are currently in the money. At the June 2026 quarter, the company held A$2.0M in available cash, sufficient for approximately 4.7 quarters of operations. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 7 Sept 2026
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45.5%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
4.7 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 145.2M per ASX (delayed) (snapshot 11 Sept 2026).
75M100M125M150MDec 24Oct 25Sept 26145.2M

Cash runway

4.7 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Aug 2027 at the reported spend rate.
$2.0M 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: $2.4M cash at quarter end (item 4.6), 7.1 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 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
28 May 20262A · quoted issueALB : ORDINARY FULLY PAID145.2MAppendix 2A
28 May 20263G · unquotedALB : ORDINARY FULLY PAID142.2MAppendix 3G
20 Nov 20253H · cancellationALB : ORDINARY FULLY PAID142.2MAppendix 3H
20 Nov 20253G · unquotedALB : ORDINARY FULLY PAID142.2MAppendix 3G
18 Aug 20252A · quoted issueALB : ORDINARY FULLY PAID142.2MAppendix 2A
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13 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

No equity raises in the last 24 months.
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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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2 dated events on record — 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.

About 82% of the 15% placement capacity left — about 18% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). 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

45.5%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
66.0M
Potential new shares
Jan 2028
Nearest expiry
What this supply is, and what converts it
  • Price-triggered35.0M · 24.1% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered30.0M · 20.7% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
  • Not classified1.0M · 0.7% of shares
    The filing’s description does not identify the instrument.

Exercise price on record: 35.0M priced, 31.0M 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.

What a price move would switch on
33.0M66.0M$0.060 now0.25× today ($0.015) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.030) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.045) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.060) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.075) — 15.0M of the priced supply in the money, 10.3% of shares on issue1.5× today ($0.090) — 15.0M of the priced supply in the money, 10.3% of shares on issue2× today ($0.120) — 15.0M of the priced supply in the money, 10.3% of shares on issue3× today ($0.180) — 35.0M of the priced supply in the money, 24.1% of shares on issue5× today ($0.300) — 35.0M of the priced supply in the money, 24.1% of shares on issue10× today ($0.600) — 35.0M of the priced supply in the money, 24.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.060 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 15.0M (10.3% 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.
  • 31.0M (47.0% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
ALBAIOptionsPrice-triggered$0.07029 Jan 202815.0MFiling
ALBAJOptionsPrice-triggered$0.1420 Nov 202920.0MFiling
——Not classified——1.0MFiling
ALBAHPerformance rightsCondition-triggered——30.0MFiling 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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4 option lines 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
20 Nov 2025Christopher TuckwellOther—5.0M—$5003Y notice
20 Nov 2025David PalumboOther—5.0M—$5003Y notice
20 Nov 2025Steven FormicaOther—5.0M—$5003Y notice
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9 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

3 Sept 2026$PAlbion Consolidates Strategic Ground at Gidgee
19 Aug 2026$PHigh-Grade Rock Chips at Gidgee Gold Project
5 Aug 2026$PPoW Approved for Maiden Drilling at Gidgee Gold Project
29 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
8 June 2026$PEight New Gold Targets Related to 19km of Shear Corridors
28 May 2026Completion of Gidgee Gold Project Acquisition
28 May 2026Notice Under Section 708A
28 May 2026Notification regarding unquoted securities - ALB
28 May 2026Application for quotation of securities - ALB
28 Apr 2026$PAlbion Exercises Option to Acquire the Gidgee Gold Project
24 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
12 Mar 2026Half Year Accounts
1 Mar 2026Proposed issue of securities - ALB
1 Mar 2026$PAlbion Secures Option to Acquire Gidgee Gold Project
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
20 Nov 2025Change of Director's Interest Notice x 3
20 Nov 2025Notification regarding unquoted securities - ALB
20 Nov 2025Notification of cessation of securities - ALB
18 Nov 2025$PIP Anomaly - Ives North Highest-Priority Drill Target
13 Nov 2025Results of AGM

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.