Companies / AUG

AUGUSTUS MINERALS LIMITED

ASX:AUGMaterials
268.9M shares on issueASX (delayed) · snapshot 11 Sept 2026354.6M fully diluted+31.9% if every option and right converts$0.039price · delayed$10.5Mmarket cap · indicative

Today’s holders own 75.8% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 68% in 24 months; runway 2–4 quarters; 3 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway2.2 quarters of funding
Share-count growth (24m)68.1%
Raise cadence (24m)3 cash raises
Options & rights overhang31.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

AUGUSTUS MINERALS LIMITED's ordinary share count grew 146.2% between July 2024 and August 2026, reaching 269M shares. The company conducted three capital raises within the past 24 months, totalling A$4.7M, with the latest being a A$2.5M placement in May 2026. Options and rights on issue represent a potential 86M new shares, equivalent to 31.9% of the current share count, with the nearest expiry in November 2026. As of the June 2026 quarter, the company held A$1.2M in available cash, which covers approximately 2.2 quarters of operations based on recent expenditures. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 8 Sept 2026
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31.9%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
2.2 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 268.9M per ASX (delayed) (snapshot 11 Sept 2026).
175M200M225M250M275MDec 24Oct 25Sept 26Cash raise · 13 May 2026Cash raise · 5 Sept 2025268.9M

Cash runway

2.2 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about Jan 2027 at the reported spend rate.
$1.2M 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: $1.7M cash at quarter end (item 4.6), 3.0 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
17 Aug 20262A · quoted issueAUG : ORDINARY FULLY PAID268.9MAppendix 2A
17 Aug 20263G · unquotedAUG : ORDINARY FULLY PAID257.9MAppendix 3G
28 May 20262A · quoted issueAUG : ORDINARY FULLY PAID257.9MAppendix 2A
26 May 20263H · cancellationAUG : ORDINARY FULLY PAID206.4MAppendix 3H
22 Dec 20253H · cancellationAUG : ORDINARY FULLY PAID206.4MAppendix 3H
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14 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

3 cash raises in the last 24 months · 1 in the last 12 months

every 9.3 monthsaverage gap between raises
4 monthssince the most recent
22 Oct 2024 – 13 May 2026first to most recent in this window
$2.5M
Placement
13 May 2026 COMPLETE
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4 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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4 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 24% of the 15% placement capacity left — about 76% 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

31.9%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
85.8M
Potential new shares
Nov 2026
Nearest expiry
What a price move would switch on
42.9M85.8M$0.039 now0.25× today ($0.010) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.019) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.029) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.039) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.049) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.058) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.078) — 65.9M of the priced supply in the money, 24.5% of shares on issue3× today ($0.117) — 69.9M of the priced supply in the money, 26.0% of shares on issue5× today ($0.195) — 85.8M of the priced supply in the money, 31.9% of shares on issue10× today ($0.390) — 85.8M of the priced supply in the money, 31.9% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.039 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 65.9M (24.5% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
AUGAPOptionsPrice-triggered$0.1229 Nov 202615.9MFiling
AUGAUOptionsPrice-triggered$0.07525 Nov 202824.2MFiling
AUGAVOptionsPrice-triggered$0.1025 Nov 20284.0MFiling
—OptionsPrice-triggered$0.07017 Aug 202941.7MFiling

“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.

4 classes ceased in the last 12 months and are 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.
  • AUGAQCondition-triggered3.0M securities → 022 Dec 2025 Appendix 2A
  • AUGARPrice-triggered1.0M securities → 022 Dec 2025 Appendix 2A
  • AUGASPrice-triggered1.0M securities → 022 Dec 2025 Appendix 2A
  • AUGATPrice-triggered1.0M securities → 022 Dec 2025 Appendix 2A
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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
17 Aug 2026Brian RodanOther1.3M625k—$50k3Y notice
1 May 2026Brian RodanBuy on-market1.2M700k—$50k3Y notice
8 Aug 2025Brian RodanBuy on-market500k700k——3Y 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

19 Aug 2026Next-Phase of RC Drilling Program to Commence at Music Well
17 Aug 2026Change of Director's Interest Notice - BR
17 Aug 2026Notice Under Section 708A
17 Aug 2026Notification regarding unquoted securities - AUG
17 Aug 2026Application for quotation of securities - AUG
10 Aug 2026$PMusic Well Drilling Hits High-Grade Gold Shoot
7 Aug 2026Results of Meeting
29 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
7 July 2026Notice of General Meeting/Proxy Form
30 June 2026Diamond Drilling to Commence at Music Well Gold Project
24 June 2026$PWide Gold Intersections Confirmed at Music Well
23 June 2026Becoming a substantial holder
10 June 2026Follow-Up Drilling at Music Well Completed
28 May 2026Notice Under Section 708A
28 May 2026Application for quotation of securities - AUG
26 May 2026Notification of cessation of securities - AUG
24 May 2026$PMusic Well Follow-Up Drilling Ignites Next Exploration Phase
17 May 2026Proposed issue of securities - AUG
17 May 2026$P$2.5m Raised to Fast Track Stage 2 Drilling at Music Well
13 May 2026$PTrading Halt

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