ANTIPA MINERALS LIMITED
ASX:AZYMaterialsToday’s holders own 95.1% of what they think they own, once every option and right converts.
Runway 2–4 quarters; share count grew 39% in 24 months; 2 cash raises in 24 months
ANTIPA MINERALS LIMITED completed a 1-for-10 share consolidation in February 2025. Between October 2024 and August 2026, its latest share-count filing, the ordinary share count grew 38.8% (adjusted for the consolidation), standing at 669M shares. In the 24-month window, the company raised capital twice for total proceeds of A$56.0M, most recently a A$40.0M placement in July 2025. Options and rights on issue could convert into 34M new shares, representing a 5.1% overhang on the current share count, of which 2% are in the money; the nearest expiry falls in October 2026. The company has 2 to 4 quarters of funding at the recent spend rate.
Quick answers · 4
When did AZY last raise capital?
The last capital raise in Antipa Minerals's filings is Placement of $40.0M announced 7 July 2025, one of 2 cash raises in 24 months.
How much placement capacity does AZY have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does AZY have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Antipa Minerals reported $28.0M of cash and estimated 2.3 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do AZY's options expire?
Unexercised options and rights equal 5.1% of Antipa Minerals's shares on issue; the nearest expiry is Oct 2026.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 21 Aug 2026 | 3H · cancellation | AZY : ORDINARY FULLY PAID | 669.0M | Appendix 3H |
| 17 Aug 2026 | 2A · quoted issue | AZY : ORDINARY FULLY PAID | 669.0M | Appendix 2A |
| 11 Aug 2026 | 2A · quoted issue | AZY : ORDINARY FULLY PAID | 667.6M | Appendix 2A |
| 4 Aug 2026 | 2A · quoted issue | AZY : ORDINARY FULLY PAID | 663.9M | Appendix 2A |
| 22 July 2026 | 2A · quoted issue | AZY : ORDINARY FULLY PAID | 663.8M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 0 in the last 12 months
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.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.47 today, 16.4M securities are in the money (2.4% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 19.7M (2.9% 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.
- 3.5M (10.4% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| AZYAAI | Options | Price-triggered | $0.35 | 31 Oct 2026 | 100k | Filing |
| AZYAAH | Options | Price-triggered | $0.36 | 10 Nov 2026 | 4.8M | Filing |
| AZYAAK | Options | Price-triggered | $0.20 | 30 June 2027 | 1.6M | Filing |
| AZYAL | Options | Price-triggered | $0.27 | 31 July 2027 | 100k | Filing |
| AZYAAL | Options | Price-triggered | $0.19 | 30 Sept 2027 | 300k | Filing |
| AZYAAM | Options | Price-triggered | $0.23 | 16 Nov 2027 | 4.8M | Filing |
| AZYAAJ | Options | Price-triggered | $0.51 | 30 Sept 2028 | 3.3M | Filing |
| AZYAAP | Options | Price-triggered | $0.35 | 25 Nov 2028 | 4.7M | Filing |
| AZYAAQ | Options | Price-triggered | $0.74 | 31 Mar 2029 | 500k | Filing |
| AZYAAR | Options | Price-triggered | $0.86 | 30 June 2029 | 3.9M | Filing |
| AZYAAT | Options | Price-triggered | $0.84 | 31 July 2029 | 750k | Filing |
| AZYAAU | Options | Price-triggered | $0.86 | 31 Oct 2029 | 350k | Filing |
| AZYAAV | Options | Price-triggered | $0.86 | 24 Nov 2029 | 5.0M | Filing |
| AZYAA | Options | Price-triggered | $0.95 | 30 Nov 2029 | 500k | Filing |
| AZYAX | Options | Price-triggered | Nil | 6 July 2030 | 3.5M | Filing |
“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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 7 July 2026 | Mark Trevor Rodda | Other | — | — | — | $15k | 3Y notice |
| 7 July 2026 | Roger Craig Mason | Other | — | — | — | $15k | 3Y notice |
| 7 July 2026 | Stephen Michael Power | Other | — | — | — | $15k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.