Companies / ARI

ARIKA RESOURCES LIMITED

ASX:ARIMaterials
1.54B shares on issueASX (delayed) · snapshot 11 Sept 20261.58B fully diluted+2.5% if every option and right converts$0.032price · delayed$49.3Mmarket cap · indicative

Today’s holders own 97.6% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 149% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.7 quarters of funding
Share-count growth (24m)149.2%
Raise cadence (24m)4 cash raises
Options & rights overhang2.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

ARIKA RESOURCES LIMITED's ordinary share count increased by 149.2% between October 2024 and August 2026, reaching 1.54B shares. Over the past 24 months, the company conducted four capital raises totaling A$20.6M, with the most recent being a A$6.5M placement in July 2026. There are options on issue that could convert into 39M new shares, representing 2.5% of the current share count, with no options currently in the money; the nearest expiry date is October 2027. As of the June 2026 quarter, the company held A$4.9M in cash, providing approximately 1.8 quarters of operational cover. No new proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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2.5%
Options & rights overhang
0.0%
In-the-money supply
2
Raises · last 12 months
1.7 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 1.54B per ASX (delayed) (snapshot 11 Sept 2026).
0.75B1.00B1.25B1.50BDec 24Oct 25Sept 26Cash raise · 22 July 2026Cash raise · 2 Dec 2025Cash raise · 29 Apr 20251.54B

Cash runway

1.7 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Nov 2026 at the reported spend rate.
$4.8M 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: $572k cash at quarter end (item 4.6), 0.2 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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8 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
2 Aug 20262A · quoted issueARI : ORDINARY FULLY PAID1.54BAppendix 2A
4 June 20262A · quoted issueARI : ORDINARY FULLY PAID1.22BAppendix 2A
4 June 20262A · quoted issueARI : ORDINARY FULLY PAID1.17BAppendix 2A
25 May 20263H · cancellationARI : ORDINARY FULLY PAID1.16BAppendix 3H
25 May 20263H · cancellationARI : ORDINARY FULLY PAID1.16BAppendix 3H
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36 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

4 cash raises in the last 24 months · 2 in the last 12 months

every 7.2 monthsaverage gap between raises
1.7 monthssince the most recent
2 Oct 2024 – 22 July 2026first to most recent in this window
$6.5M
Placement
22 July 2026 ACTIVE
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10 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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3 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 89% of the 15% placement capacity left — about 11% 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. One filing in the window states more under 7.1 than the whole allowance and is not counted, so usage may be higher than this. 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

2.5%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
38.6M
Potential new shares
Oct 2027
Nearest expiry
What a price move would switch on
19.3M38.6M$0.032 now0.25× today ($0.008) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.016) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.024) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.032) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.040) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.048) — 5.0M of the priced supply in the money, 0.3% of shares on issue2× today ($0.064) — 38.6M of the priced supply in the money, 2.5% of shares on issue3× today ($0.096) — 38.6M of the priced supply in the money, 2.5% of shares on issue5× today ($0.160) — 38.6M of the priced supply in the money, 2.5% of shares on issue10× today ($0.320) — 38.6M of the priced supply in the money, 2.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.032 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 5.0M (0.3% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
ARIAAOptionsPrice-triggered$0.04010 Oct 20275.0MFiling
ARIAGOptionsPrice-triggered$0.05018 Dec 202716.8MFiling
ARIAHOptionsPrice-triggered$0.06018 Dec 202716.8MFiling

“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.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • ARIADCondition-triggered600k securities → 023 Feb 2026 Appendix 2A
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3 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
23 May 2026Justin BartonSell35.1M1.2M——3Y notice
23 May 2026Roger SteinepreisSell104.8M16.7M——3Y notice
23 May 2026Steven WoodSell11.1M970k——3Y notice
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18 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

9 Sept 2026Resource Rising Stars Gold Coast Conference Presentation
9 Sept 2026Letter to Shareholders
9 Sept 2026Notice of General Meeting/Proxy Form
21 Aug 2026Unmarketable Parcel Sale Facility
20 Aug 2026Securities to be Released from Voluntary Escrow
6 Aug 2026Becoming a substantial holder from LSX
5 Aug 2026Change in substantial holding
2 Aug 2026Tranche 1 Placement Completed and Cleansing Notice
2 Aug 2026Application for quotation of securities - ARI
30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
26 July 2026Proposed issue of securities - ARI
26 July 2026$P$6.55m Capital Raising to Accelerate WA Gold Growth Strategy
22 July 2026Investor Presentation - Noosa Mining Conference 2026
22 July 2026$PTrading Halt
19 July 2026$PMajor Drilling Campaign underway at Kookynie
7 July 2026$PArika's Largest Ever Drilling Campaign to Commence
1 July 2026Securities to be Released from Voluntary Escrow
22 June 2026Ceasing to be a substantial holder
10 June 2026Becoming a substantial holder from NME
4 June 2026Cleansing Notice

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