BARTON GOLD HOLDINGS LIMITED

ASX:BGDMaterials

271.9M shares on issueASX (delayed) · snapshot 28 Oct 2026285.1M fully diluted+4.9% if every option and right converts$0.84price · delayed$220.2MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 95.4% of what they think they own, once every option and right converts.

Moderate

Dilution risk

Runway 2–4 quarters; share count grew 24% in 24 months; 3 cash raises in 24 months

Absolute levels — not a ranking against other companies.

Cash runway2.4 quarters of funding

Share-count growth (24m)24.4%

Raise cadence (24m)3 cash raises

Options & rights overhang4.9% of shares

In-the-money supply0.0% of shares

Pending proposed issuesopen proposed issue (Appendix 3B)

BARTON GOLD HOLDINGS LIMITED's ordinary share count grew 24.4% between May 2024 and October 2026, its latest share-count filing, to 272M shares. The company raised capital three times in the past 24 months for total disclosed proceeds of A$44.6M, most recently a A$25.9M placement in June 2026. Options and rights on issue could convert into 13M new shares, equal to 4.9% of the current share count, none of which are in the money; the nearest expiry falls in January 2027. The company has 2 to 4 quarters of funding at the recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in December 2026.

AI-generated summary of this page's cited filings · updated 27 Oct 2026

Quick answers · 4

Is BGD raising capital?

Barton Gold Holdings has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $25.9M on 1 June 2026.

How much cash does BGD have?

In its quarterly cash report for the quarter ended 30 Sept 2026, Barton Gold Holdings reported $23.2M of cash and estimated 2.7 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do BGD's options expire?

Unexercised options and rights equal 4.9% of Barton Gold Holdings's shares on issue; the nearest expiry is Jan 2027.

How much has BGD's share count grown?

Barton Gold Holdings has 271.9M shares on issue as at 28 Oct 2026, up 24.4% over 24 months according to its Appendix 2A filings.

Get told when this changes

Get BGD alerts

Free for up to 2 companies. A daily email when BGD raises money, files a new share issue, drops below 2 quarters of cash or moves risk level.

4.9%

Options & rights overhang

0.0%

In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply

Raises · last 12 months

2.4 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 271.9M per ASX (delayed) (snapshot 28 Oct 2026).

Cash runway

2.4 qtrs OURS

Two to four quarters of funding at the recent spend rate.

Funds operations to about May 2027 at the reported spend rate.

$20.4M cash after burn.

FILED 2.7 qtrs · $23.2M cash · quarter ended 30 Sept 2026

OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$23.2M cash at 30 Sep 2026 − $2.8M spent ($8.7M a quarter × 28 days) = $20.4M left → 2.4 qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.

Free account

12 cash reports on record — Cash runway history

Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 Sept 2026.

Free account: 2 full company unlocks every month, no card.

Unlock BGD free See plans

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
20 Oct 2026	2A · quoted issue	BGD : ORDINARY FULLY PAID	271.9M	Appendix 2A
16 Oct 2026	2A · quoted issue	BGD : ORDINARY FULLY PAID	271.9M	Appendix 2A
2 Oct 2026	3H · cancellation	BGD : ORDINARY FULLY PAID	271.0M	Appendix 3H
10 Sept 2026	2A · quoted issue	BGD : ORDINARY FULLY PAID	271.0M	Appendix 2A
21 Aug 2026	3G · unquoted	BGD : ORDINARY FULLY PAID	271.0M	Appendix 3G

Free account

55 filings on record — Full issuance history

Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).

Free account: 2 full company unlocks every month, no card.

Unlock BGD free See plans

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.

Free account

Securities on issue, by class

How the share count and each option and rights class moved, month by month, with every number in a table.

Free account: 2 full company unlocks every month, no card.

Unlock BGD free See plans

Capital raises

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

every 6.1 monthsaverage gap between raises

4.9 monthssince the most recent

27 May 2025 – 1 June 2026first to most recent in this window

$25.9M

Placement

At 85.0c, 3.4% below the last close

1 June 2026 COMPLETE

Free account

18 issues (incl. 14 exercises or conversions) on record — Full raise history

Issue price, shares issued, brokers and stated purpose for every raise on record.

Free account: 2 full company unlocks every month, no card.

Unlock BGD free See plans

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.

1.3M of option supply could convert within 12 months — 0.5% of shares on issue

1.3M at a stated nil exercise price — nothing is paid to convert these

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.

Free account

11 dated events on record — Forward supply calendar

Option expiries and proposed issues on one forward timeline, with the securities each could add.

Free account: 2 full company unlocks every month, no card.

Unlock BGD free See plans

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.

No estimate — the filings already exceed 15% of the share count we can measure, which means securities were added to the base during the year, or holders ratified an issue, in a way we cannot match.

Free account

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.

Free account: 2 full company unlocks every month, no card.

Unlock BGD free See plans

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.

Paid plan

1 pending issue on record — Pending issue detail

Size, price, fees, broker and placement-capacity usage for each pending issue.

Unlocks on a paid plan

See plans

Options & convertible securities

4.9%

Options & rights overhang · of current shares

0.0%

In-the-money supply · at current price

13.2M

Potential new shares

Jan 2027

Nearest expiry

What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 13.2M of it states a NIL exercise price: nothing is paid to convert it, so it converts at any price rather than on a hurdle.

Code	Security	Type	Exercise price	Expiry	On issue	Source
BGDAH	Options	Price-triggered	Nil	16 Jan 2027	24k	Filing
BGDAS	Options	Price-triggered	Nil	17 Apr 2027	23k	Filing
BGDAL	Options	Price-triggered	Nil	30 June 2027	1.2M	Filing
BGDAT	Options	Price-triggered	Nil	18 July 2027	22k	Filing
BGDAU	Options	Price-triggered	Nil	30 Oct 2027	82k	Filing
BGDAW	Options	Price-triggered	Nil	9 Dec 2027	437k	Filing
BGDAR	Options	Price-triggered	Nil	30 June 2028	2.5M	Filing
BGDAX	Options	Price-triggered	Nil	10 Dec 2028	777k	Filing
BGDAV	Options	Price-triggered	Nil	30 June 2029	6.4M	Filing
BGDAY	Options	Price-triggered	Nil	30 June 2030	1.8M	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.

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.

BGDAQPrice-triggered200k securities → 018 Aug 2026 Appendix 2A

Free account

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.

Free account: 2 full company unlocks every month, no card.

Unlock BGD free See plans

Director dealings

Date	Director	Type	Shares	Options	Other	Value	Source
20 Oct 2026	Graham Arvidson	Sell	28k	—	—	—	3Y notice
30 Sept 2026	Alexander Scanlon	Sell incentive	—	447k	—	—	3Y notice
25 Aug 2026	Kenneth Williams	Other off-market	422k	750k	—	—	3Y notice