BOA RESOURCES LTD
ASX:BOAMaterialsToday’s holders own 84.5% of what they think they own, once every option and right converts.
Share count grew 262% in 24 months; 3 cash raises in 24 months; options/rights overhang 18% of shares
BOA RESOURCES LTD’s ordinary share count grew 261.6% between March 2024 and October 2026, its latest share-count filing, to 446M shares. The company raised capital three times in that window for total proceeds of A$13.4M, most recently a A$9.2M placement in October 2026. Options and rights on issue could convert into 82M new shares, equal to 18.4% of the current share count, of which 18% are in the money; the nearest expiry is January 2029. Funding stands at more than 4 quarters of funding at the recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in October 2026.
Quick answers · 6
Why was BOA in a trading halt?
BOA Resources requested a trading halt on 20 Oct 2026, giving the reason "Pending release of an announcement relating to a potential capital raising". Trading was expected to resume 22 Oct 2026.
Is BOA raising capital?
BOA Resources has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $9.2M on 22 Oct 2026.
How much placement capacity does BOA 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 BOA have?
In its quarterly cash report for the quarter ended 30 June 2026, BOA Resources reported $2.4M of cash and estimated 6.0 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do BOA's options expire?
Unexercised options and rights equal 18.4% of BOA Resources's shares on issue; the nearest expiry is Jan 2029.
How much has BOA's share count grown?
BOA Resources has 446.0M shares on issue as at 28 Oct 2026, up 261.6% over 24 months according to its Appendix 2A filings.
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 |
|---|---|---|---|---|
| 14 Oct 2026 | 2A · quoted issue | BOA : ORDINARY FULLY PAID | 446.0M | Appendix 2A |
| 14 Oct 2026 | 3G · unquoted | BOA : ORDINARY FULLY PAID | 290.6M | Appendix 3G |
| 30 June 2026 | 3H · cancellation | BOA : ORDINARY FULLY PAID | 290.6M | Appendix 3H |
| 22 Jan 2026 | 2A · quoted issue | BOA : ORDINARY FULLY PAID | 290.6M | Appendix 2A |
| 22 Jan 2026 | 3G · unquoted | BOA : ORDINARY FULLY PAID | 140.6M | Appendix 3G |
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
3 cash raises in the last 24 months · 3 in the last 12 months
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- by end 2026 · Assay results for AC and RC holes (results due)
- by end 2026 · Expanded follow-up RC drill program (to start)
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 $0.10 today, 81.9M securities are in the money (18.4% of shares on issue). 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BOAAN | Options | Price-triggered | $0.060 | 22 Jan 2029 | 5.0M | Filing |
| — | Options | Price-triggered | $0.10 | 14 Oct 2029 | 76.9M | 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 |
|---|---|---|---|---|---|---|---|
| 30 June 2026 | Catherine Norman | Buy on-market | 290k | — | — | $20k | 3Y notice |
| 26 June 2026 | Mark Tomlinson | Buy on-market | 1.6M | — | — | $109k | 3Y notice |
| 22 Jan 2026 | GRAEME PURCELL | Buy placement | 800k | — | — | $20k | 3Y notice |
| 22 Jan 2026 | MARK TOMLINSON | Buy placement | 3.0M | — | — | $75k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.