Companies / AUZ

AUSTRALIAN MINES LIMITED

ASX:AUZMaterials
2.19B shares on issueASX (delayed) · snapshot 11 Sept 20262.80B fully diluted+27.7% if every option and right converts$0.035price · delayed$76.6Mmarket cap · indicative

Today’s holders own 78.3% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 56% in 24 months; 3 cash raises in 24 months; runway 4–8 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway4.4 quarters of funding
Share-count growth (24m)56.5%
Raise cadence (24m)3 cash raises
Options & rights overhang27.7% of shares
In-the-money supply1.1% of shares
Pending proposed issuesnone

AUSTRALIAN MINES LIMITED's ordinary share count grew 56.5% between May 2024 and September 2026, reaching 2.19B shares. In the past 24 months, the company completed three capital raises totalling A$9.5M, with the most recent being a A$3.0M placement in May 2026. Options and rights on issue represent a potential 607M new shares, or 27.7% of the current share count, with 1% in the money; the nearest expiry is in February 2027. As of the June 2026 quarter, AUSTRALIAN MINES LIMITED held A$4.4M in available cash, sufficient for approximately 4.4 quarters of operations. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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27.7%
Options & rights overhang
1.1%
In-the-money supply · most strikes not on record
2
Raises · last 12 months
4.4 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 2.19B per ASX (delayed) (snapshot 11 Sept 2026).
1.50B1.75B2.00B2.25BDec 24Oct 25Sept 26Cash raise · 4 May 2026Cash raise · 26 Sept 2025Cash raise · 4 July 20252.19B

Cash runway

4.4 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about July 2027 at the reported spend rate.
$4.4M 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: $5.2M cash at quarter end (item 4.6), 5.2 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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12 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
4 Sept 20262A · quoted issueAUZ : ORDINARY FULLY PAID2.19BAppendix 2A
28 Aug 20262A · quoted issueAUZ : ORDINARY FULLY PAID2.19BAppendix 2A
18 Aug 20262A · quoted issueAUZ : ORDINARY FULLY PAID2.19BAppendix 2A
23 June 20263G · unquotedAUZ : ORDINARY FULLY PAID2.16BAppendix 3G
12 May 20262A · quoted issueAUZ : ORDINARY FULLY PAID2.16BAppendix 2A
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28 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 · 2 in the last 12 months

every 5 monthsaverage gap between raises
4.3 monthssince the most recent
4 July 2025 – 4 May 2026first to most recent in this window
$3.0M
Placement
4 May 2026 COMPLETE
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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 66% of the 15% placement capacity left — about 34% 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

27.7%
Options & rights overhang · of current shares
1.1%
In-the-money supply · most strikes not on record
607.2M
Potential new shares
Feb 2027
Nearest expiry
What a price move would switch on
303.6M607.2M$0.035 now0.25× today ($0.009) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.018) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.026) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.035) — 25.0M of the priced supply in the money, 1.1% of shares on issue1.25× today ($0.044) — 25.0M of the priced supply in the money, 1.1% of shares on issue1.5× today ($0.053) — 25.0M of the priced supply in the money, 1.1% of shares on issue2× today ($0.070) — 25.0M of the priced supply in the money, 1.1% of shares on issue3× today ($0.105) — 25.0M of the priced supply in the money, 1.1% of shares on issue5× today ($0.175) — 25.0M of the priced supply in the money, 1.1% of shares on issue10× today ($0.350) — 25.0M of the priced supply in the money, 1.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.035 today, 25.0M securities are in the money (1.1% of shares on issue) — a floor, because an exercise price is on record for only 4.1% of this supply. No price up to ten times today’s switches on any more priced supply.

  • 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.
  • 582.2M (95.9% 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
AUZOAOptionsPrice-triggered—2 Feb 2027277.0MFiling
AUZOBOptionsPrice-triggered—6 May 2027305.1MFiling
AUZANOptionsPrice-triggered$0.03030 July 202925.0MFiling

“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.

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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 June 2026Cristian MorenoBuy on-market1.5M12.0M—$905k3Y notice
20 Dec 2025Dominic MarinelliSell—297k——3Y notice
20 Dec 2025Michael EliasOther19.4M144k——3Y notice
20 Dec 2025Michael EliasSell—144k——3Y notice
20 Dec 2025Michael RamsdenSell—881k——3Y notice
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11 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

7 Sept 2026Notice of General Meeting/Proxy Form and access letter
4 Sept 2026Application for quotation of securities - AUZ
2 Sept 2026Flemington-Large, High-Priority Scandium Targets Identified
28 Aug 2026Application for quotation of securities - AUZ
24 Aug 2026$PFlemington Drilling Program to Commence
18 Aug 2026Application for quotation of securities - AUZ
16 Aug 2026Flemington Water Licence Confirmed Valid
10 Aug 2026AUZ Investor Webinar 12 August 9am AWST
29 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
26 July 2026$PFlemington PFS Fast-Tracked to Assess Scale-Up to 180 tpa
6 July 2026Flemington Scandium & Boa Vista Gold Investor Presentation
5 July 2026$PBoa Vista Expands with 14 Prospective Gold Targets
29 June 2026Change of Director's Interest Notice
23 June 2026Final Director's Interest Notice
23 June 2026Initial Director's Interest Notice x 3
23 June 2026Notification regarding unquoted securities - AUZ
22 June 2026$PAustralian Mines Strengthens Board for Growth
12 May 2026Cleansing notice
12 May 2026Application for quotation of securities - AUZ
10 May 2026AUZ Advances High-Density Hydrogen Storage

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