Companies / AUE

AURUM RESOURCES LIMITED

ASX:AUEMaterials
415.6M shares on issueAppendix 2A · as of 11 Sept 2026507.6M fully diluted+22.1% if every option and right converts$0.56price · delayed$232.4Mmarket cap · indicative

Today’s holders own 81.9% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 173% in 24 months; 4 cash raises in 24 months; runway 4–8 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway5.3 quarters of funding
Share-count growth (24m)173.3%
Raise cadence (24m)4 cash raises
Options & rights overhang22.1% of shares
In-the-money supply3.6% of shares
Pending proposed issuesnone

AURUM RESOURCES LIMITED's ordinary share count grew 173.3% between September 2024 and September 2026, reaching 416M shares. Over the past 24 months, the company undertook four capital raises totalling A$86.6M, with the latest being a A$28.8M placement in March 2026. Options and rights on issue represent a potential 92M new shares, which is 22.1% of the current share count. Of these, 4% are in the money, with the nearest expiry date in October 2026. As of the June 2026 quarter, the company held A$47.4M in cash, sufficient for 5.3 quarters of operations. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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22.1%
Options & rights overhang
3.6%
In-the-money supply · most strikes not on record
1
Raises · last 12 months
5.3 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 415.6M per Appendix 2A (filed 11 Sept 2026).
200M300M400MDec 24Oct 25Sept 26Cash raise · 18 Mar 2026Cash raise · 15 July 2025Cash raise · 2 May 2025Cash raise · 3 Dec 2024

Cash runway

5.3 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Oct 2027 at the reported spend rate.
$47.3M 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: $54.6M cash at quarter end (item 4.6), 6.4 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
11 Sept 20262A · quoted issueAUE : ORDINARY FULLY PAID415.6MAppendix 2A
7 Sept 20262A · quoted issueAUE : ORDINARY FULLY PAID415.0MAppendix 2A
28 Aug 20262A · quoted issueAUE : ORDINARY FULLY PAID413.7MAppendix 2A
25 Aug 20262A · quoted issueAUE : ORDINARY FULLY PAID412.7MAppendix 2A
19 Aug 20262A · quoted issueAUE : ORDINARY FULLY PAID412.4MAppendix 2A
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88 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 · 1 in the last 12 months

every 5.1 monthsaverage gap between raises
5.8 monthssince the most recent
3 Dec 2024 – 18 Mar 2026first to most recent in this window
$28.8M
Placement
18 Mar 2026 COMPLETE
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21 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.

9.0M of option supply could convert within 12 months — 2.2% of shares on issue
9.0M in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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8 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 71% of the 15% placement capacity left — about 29% 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

22.1%
Options & rights overhang · of current shares
3.6%
In-the-money supply · most strikes not on record
92.0M
Potential new shares
Oct 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered44.8M · 10.8% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 26.1M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered47.2M · 11.4% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 18.8M priced (of which 14.8M in the money), 73.3M 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
46.0M92.0M$0.56 now0.25× today ($0.14) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.28) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.42) — 9.8M of the priced supply in the money, 2.4% of shares on issue1× today ($0.56) — 14.8M of the priced supply in the money, 3.6% of shares on issue1.25× today ($0.70) — 18.8M of the priced supply in the money, 4.5% of shares on issue1.5× today ($0.84) — 18.8M of the priced supply in the money, 4.5% of shares on issue2× today ($1.12) — 18.8M of the priced supply in the money, 4.5% of shares on issue3× today ($1.68) — 18.8M of the priced supply in the money, 4.5% of shares on issue5× today ($2.80) — 18.8M of the priced supply in the money, 4.5% of shares on issue10× today ($5.60) — 18.8M of the priced supply in the money, 4.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.56 today, 14.8M securities are in the money (3.6% of shares on issue) — a floor, because an exercise price is on record for only 20.4% of this supply. No more priced supply until 1.25× today’s price, which takes it to 18.8M (4.5% 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.
  • 73.3M (79.6% 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
AUEOOptionsPrice-triggered—21 Oct 20262.8MFiling
AUEAFOptionsPrice-triggered$0.3115 Apr 20279.0MFiling
AUEAJOptionsPrice-triggered$0.311 Feb 2028500kFiling
AUEAKOptionsPrice-triggered$0.311 Mar 2028250kFiling
AUEALOptionsPrice-triggered$0.5328 May 20294.0MFiling
AUEAHOptionsPrice-triggered$0.5015 Aug 20291.0MFiling
AUEAIOptionsPrice-triggered$0.6015 Aug 20293.0MFiling
AUEAMOptionsPrice-triggered$0.6831 Dec 20291.0MFiling
AUEAEOptionsPrice-triggered——23.3MFiling
AUEADPerformance rightsCondition-triggered——47.2MFiling 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.

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.
  • AUEABPrice-triggered511k securities → 011 Sept 2026 Appendix 2A
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10 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
2 July 2026Mr Mark StrizekBuy incentive1.0M———3Y notice
2 July 2026Steven ZaninovichBuy incentive500k———3Y notice
2 July 2026Troy FlanneryBuy1.0M———3Y notice
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22 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

11 Sept 2026Cleansing Notice
11 Sept 2026Application for quotation of securities - AUE
7 Sept 2026Cleansing Notice
7 Sept 2026Application for quotation of securities - AUE
4 Sept 2026Investor Presentation (Africa Down Under)
3 Sept 2026$PAurum adds more high grade gold at Boundiali BST1 deposit
28 Aug 2026Cleansing Notice
28 Aug 2026Application for quotation of securities - AUE
25 Aug 2026Notification of Expiry of Listed Options
25 Aug 2026Cleansing Notice
25 Aug 2026Application for quotation of securities - AUE
19 Aug 2026Cleansing Statement
19 Aug 2026Application for quotation of securities - AUE
16 Aug 2026$PGold extended at Boundiali BST1 deposit and BST2 prospect
6 Aug 2026$PAurum hits 0.72m @ 367g/t gold at Boundiali BMT3
30 July 2026Cleansing Notice
30 July 2026Application for quotation of securities - AUE
27 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
23 July 2026$PAurum extends BDT2 gold beyond current resource
2 July 2026Change of Director's Interest Notice (X3)

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