Companies / AWJ

AURIC MINING LIMITED

ASX:AWJMaterials
187.4M shares on issueASX (delayed) · snapshot 11 Sept 2026239.7M fully diluted+27.9% if every option and right converts$0.23price · delayed$44.0Mmarket cap · indicative

Today’s holders own 78.2% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 26% in 24 months; options/rights overhang 28% of shares; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway8.0 quarters of funding
Share-count growth (24m)26.1%
Raise cadence (24m)1 cash raise
Options & rights overhang27.9% of shares
In-the-money supply4.1% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

AURIC MINING LIMITED's ordinary share count grew 26.1% between April 2024 and August 2026, reaching 187M shares. The company raised capital once in the past 24 months, a A$6.7M placement in May 2025. Options and rights on issue could convert into 52M new shares, representing 27.9% of the current share count, of which 4% are in the money at the current share price, with the nearest expiry in November 2026. As of June 2026, the company reported A$34.5M in available cash, sufficient for 8.0 quarters at its recent expenditure rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in October 2026.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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27.9%
Options & rights overhang
4.1%
In-the-money supply · most strikes not on record
0
Raises · last 12 months
8.0 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 187.4M per ASX (delayed) (snapshot 11 Sept 2026).
150M160M170M180M190MDec 24Oct 25Sept 26Cash raise · 20 May 2025187.4M

Cash runway

8.0 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about June 2028 at the reported spend rate.
$34.5M 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: $38.0M cash at quarter end (item 4.6), 8.9 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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10 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 issueAWJ : ORDINARY FULLY PAID187.4MAppendix 2A
3 July 20263G · unquotedAWJAR1.0MAppendix 3G
29 June 20263G · unquotedAWJ : ORDINARY FULLY PAID187.1MAppendix 3G
11 June 20263G · unquotedAWJ : ORDINARY FULLY PAID187.1MAppendix 3G
10 June 20263G · unquotedAWJ : ORDINARY FULLY PAID187.1MAppendix 3G
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21 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

1 cash raise in the last 24 months · 0 in the last 12 months

$6.7M
Placement
20 May 2025
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7 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.

800k of option supply could convert within 12 months — 0.4% of shares on issue
800k in the money, expiring in the window
1 proposed issue (Appendix 3B) also pending — not counted above; the securities each would add are in the calendar below.
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 3% of the 15% placement capacity left — about 97% 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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
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1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

27.9%
Options & rights overhang · of current shares
4.1%
In-the-money supply · most strikes not on record
52.3M
Potential new shares
Nov 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered18.8M · 10.0% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered33.5M · 17.9% 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 7.6M in the money), 33.5M 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
26.2M52.3M$0.23 now0.25× today ($0.06) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.12) — 800k of the priced supply in the money, 0.4% of shares on issue0.75× today ($0.18) — 2.1M of the priced supply in the money, 1.1% of shares on issue1× today ($0.23) — 7.6M of the priced supply in the money, 4.1% of shares on issue1.25× today ($0.29) — 16.3M of the priced supply in the money, 8.7% of shares on issue1.5× today ($0.35) — 16.3M of the priced supply in the money, 8.7% of shares on issue2× today ($0.47) — 17.6M of the priced supply in the money, 9.4% of shares on issue3× today ($0.70) — 18.8M of the priced supply in the money, 10.0% of shares on issue5× today ($1.17) — 18.8M of the priced supply in the money, 10.0% of shares on issue10× today ($2.35) — 18.8M of the priced supply in the money, 10.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.23 today, 7.6M securities are in the money (4.1% of shares on issue) — a floor, because an exercise price is on record for only 36.0% of this supply. No more priced supply until 1.25× today’s price, which takes it to 16.3M (8.7% 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.
  • 33.5M (64.0% 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
AWJALOptionsPrice-triggered$0.101 Nov 2026800kFiling
AWJAMOptionsPrice-triggered$0.1531 Jan 20281.3MFiling
AWJAOOptionsPrice-triggered$0.4031 Jan 20281.3MFiling
AWJANOptionsPrice-triggered$0.2331 Jan 20295.5MFiling
AWJAPOptionsPrice-triggered$0.6031 Jan 20291.3MFiling
AWJAROptionsPrice-triggered$0.2425 June 20313.8MFiling
AWJAQOptionsPrice-triggered$0.2426 June 20314.9MFiling
AWJASPerformance rightsCondition-triggered——33.5MFiling 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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8 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
3 Aug 2026Mark Anthony EnglishBuy on-market200k——$39k3Y notice
26 June 2026Gareth SollyOther incentive—1.4M5.0M—3Y notice
26 June 2026John Peter UtleyOther incentive—1.4M5.0M—3Y 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

9 Sept 2026Update - Proposed issue of securities - AWJ
9 Sept 2026Proposed issue of securities - AWJ
9 Sept 2026$PUnion Jack Acquisition and Major Resource Upgrade
6 Sept 2026$PTrading Halt
1 Sept 2026Half-Year Results - $28 Million Profit Before Tax
17 Aug 2026Cleansing Statement
17 Aug 2026Application for quotation of securities - AWJ
4 Aug 2026Change of Director's Interest Notice - Mark English
29 July 2026$PQuarterly Activities Report
29 July 2026$PQuarterly Appendix 5B Cash Flow Report
27 July 2026$PMajor Drilling Programs Commenced at Munda
26 July 2026$PIntegrated Study Advances Burbanks and Munda
3 July 2026Change of Director's Interest Notice - Gareth Solly
3 July 2026Change of Director's Interest Notice - John Utley
3 July 2026Change of Director's Interest Notice - Steven Morris
3 July 2026Change of Director's Interest Notice - Mark English
3 July 2026Appendices 3G - Correction and Clarification
29 June 2026Notification regarding unquoted securities - AWJ
26 June 2026Proposed issue of securities - AWJ
11 June 2026Notification regarding unquoted securities - AWJ

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