BENZ MINING CORP.
ASX:BNZMaterialsToday’s holders own 98.0% of what they think they own, once every option and right converts.
Share count grew 164% in 24 months; 5 cash raises in 24 months; 0% of shares in the money
BENZ MINING CORP.'s ordinary share count grew 164.3% between November 2024 and August 2026, its latest share-count filing, to 380M shares. In the past 24 months the company raised capital five times for total proceeds of A$272.5M, most recently a A$150.0M placement in August 2026. Options and rights on issue could convert into 8M new shares, equal to 2.1% of current shares, with none in the money and the nearest expiry in August 2027. The company has not lodged a quarterly or half-year/annual report that includes a funding-runway figure, so no cash runway estimate is available on that basis. No proposed securities issues are pending.
Quick answers · 2
When did BNZ last raise capital?
The last capital raise in Benz Mining Corp's filings is Placement of $150.0M announced 24 Aug 2026, one of 5 cash raises in 24 months.
When do BNZ's options expire?
Unexercised options and rights equal 2.1% of Benz Mining Corp's shares on issue; the nearest expiry is Aug 2027.
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 |
|---|---|---|---|---|
| 31 Aug 2026 | 2A · quoted issue | BNZ : CHESS DEPOSITARY INTERESTS 1:1 | 332.4M | Appendix 2A |
| 30 June 2026 | 2A · quoted issue | BNZ : CHESS DEPOSITARY INTERESTS 1:1 | 290.7M | Appendix 2A |
| 6 May 2026 | 3G · unquoted | BNZ : CHESS DEPOSITARY INTERESTS 1:1 | 285.5M | Appendix 3G |
| 10 Mar 2026 | 2A · quoted issue | BNZ : CHESS DEPOSITARY INTERESTS 1:1 | 285.6M | Appendix 2A |
| 26 Feb 2026 | 2A · quoted issue | BNZ : CHESS DEPOSITARY INTERESTS 1:1 | 278.8M | Appendix 2A |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (332.4M) need not equal the current count above (379.9M).
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
5 cash raises in the last 24 months · 2 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
- Price-triggered125k · 0.0% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered7.8M · 2.0% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 125k priced (of which 125k in the money), 7.8M 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.
An exercise price is on record for only 1.6% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 125k is in the money at $4.50 today. 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.
- 7.8M (98.4% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BNZAG | Options | Price-triggered | $0.27 | 31 Aug 2027 | 125k | Filing |
| BNZAV | Performance rights | Condition-triggered | — | — | 7.8M | Filing 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. For what expires soon across other listed companies, see the options expiry calendar.
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.
- BNZAPPrice-triggered1.5M securities → 030 June 2026 Appendix 2A
- BNZAQPrice-triggered2.5M securities → 030 June 2026 Appendix 2A
- BNZARPrice-triggered2.0M securities → 030 June 2026 Appendix 2A
- BNZATPrice-triggered4.0M securities → 010 Mar 2026 Appendix 2A
- BNZAUPrice-triggered4.0M securities → 010 Mar 2026 Appendix 2A
- BNZASPrice-triggered2.0M securities → 026 Feb 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 3 Feb 2026 | Nicholas Jolly | Buy on-market | 65k | — | — | — | 3Y notice |
| 30 Jan 2026 | Nicholas Jolly | Buy on-market | 65k | — | — | — | 3Y notice |
| 22 Dec 2025 | Nicholas Jolly | Buy on-market | 15k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.