Companies / BUX

BUXTON RESOURCES LIMITED

ASX:BUXMaterials
466.5M shares on issueASX (delayed) · snapshot 11 Sept 2026523.8M fully diluted+12.3% if every option and right converts$0.041price · delayed$19.1Mmarket cap · indicative

Today’s holders own 89.1% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 124% in 24 months; 4 cash raises in 24 months; options/rights overhang 12% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway9.9 quarters of funding
Share-count growth (24m)123.5%
Raise cadence (24m)4 cash raises
Options & rights overhang12.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BUXTON RESOURCES LIMITED's ordinary share count grew 123.5% between August 2024 and July 2026, to 467M shares. Over the past 24 months, the company raised capital four times for a total of A$7.8M, with the most recent being a A$1.1M placement in June 2026. Options and rights on issue could convert into 57M new shares, representing 12.3% of the current share count, with the nearest expiry in November 2026. As of the June 2026 quarter, BUXTON RESOURCES LIMITED reported A$13.6M in available cash, which covers 9.9 quarters of its recent operating expenses. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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12.3%
Options & rights overhang
0.0%
In-the-money supply
2
Raises · last 12 months
9.9 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 466.5M per ASX (delayed) (snapshot 11 Sept 2026).
250M300M350M400M450MDec 24Oct 25Sept 26Cash raise · 29 June 2026Cash raise · 31 Mar 2026Cash raise · 2 Apr 2025466.5M

Cash runway

9.9 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Dec 2028 at the reported spend rate.
$13.5M 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: $7.4M cash at quarter end (item 4.6), 5.4 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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11 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
31 Aug 20263H · cancellationBUX : ORDINARY FULLY PAID466.5MAppendix 3H
9 July 20262A · quoted issueBUX : ORDINARY FULLY PAID466.5MAppendix 2A
26 June 20262A · quoted issueBUX : ORDINARY FULLY PAID434.1MAppendix 2A
26 June 20263G · unquotedBUX : ORDINARY FULLY PAID428.6MAppendix 3G
26 June 20263G · unquotedBUX : ORDINARY FULLY PAID428.6MAppendix 3G
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24 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

4 cash raises in the last 24 months · 2 in the last 12 months

every 6.6 monthsaverage gap between raises
2.5 monthssince the most recent
3 Nov 2024 – 29 June 2026first to most recent in this window
$1.1M
Placement
29 June 2026 COMPLETE
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4 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.

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5 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.

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 that we cannot see.
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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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

12.3%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
57.3M
Potential new shares
Nov 2026
Nearest expiry
What a price move would switch on
28.6M57.3M$0.041 now0.25× today ($0.010) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.021) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.031) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.041) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.051) — 10.0M of the priced supply in the money, 2.1% of shares on issue1.5× today ($0.061) — 10.0M of the priced supply in the money, 2.1% of shares on issue2× today ($0.082) — 34.3M of the priced supply in the money, 7.3% of shares on issue3× today ($0.123) — 48.3M of the priced supply in the money, 10.4% of shares on issue5× today ($0.205) — 48.3M of the priced supply in the money, 10.4% of shares on issue10× today ($0.410) — 57.3M of the priced supply in the money, 12.3% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.041 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 10.0M (2.1% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
BUXAFOptionsPrice-triggered$0.3030 Nov 20269.0MFiling
BUXAQOptionsPrice-triggered$0.04530 June 202710.0MFiling
BUXAHOptionsPrice-triggered$0.1025 June 20295.0MFiling
BUXAGOptionsPrice-triggered$0.06515 May 203024.3MFiling
BUXAJOptionsPrice-triggered$0.1025 June 20319.1MFiling

“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.

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5 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
25 Oct 2025Martin MoloneySell756k1.0M——3Y notice
25 Oct 2025Stuart FogartySell—1.0M——3Y notice
25 June 2025Gervaise HeddleBuy2.5M1.5M—$88k3Y notice
25 June 2025Martin MoloneyBuy500k2.0M—$18k3Y notice
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8 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

6 Sept 2026Arizona Strategy Overview
31 Aug 2026$PMadman DHEM Complete, Rig Secured to Test Conductor
31 Aug 2026Notification of cessation of securities - BUX
30 Aug 2026Arivaca Project Rock Chips to 6.21% Cu, 1,355 g/t Ag
19 Aug 2026$PMD002DD Assays Support Madman Prospectivity
11 Aug 2026$PMadman Project - Maiden Drilling Program Completed
9 Aug 2026Lateron IP Survey Underway at Shallow Cu-Au Targets
29 July 2026$PQuarterly Activities Report & Appendix 5B
15 July 2026$PMadman Project Drilling Update
9 July 2026Cleansing Notice
9 July 2026Application for quotation of securities - BUX
5 July 2026New Ag-Pb-Zn Target Identified at Zanthus
1 July 2026Notification of Expiry of Listed Options
30 June 2026$PMadman Project - Drilling Program Commenced
29 June 2026$PCopper Wolf Asset Sale Completed
28 June 2026Proposed issue of securities - BUX
28 June 2026$PFirm Commitments Received for A$1.136 Million Placement
26 June 2026Change in Director Interest Notice x 3
26 June 2026Cleansing Notice
26 June 2026Notification regarding unquoted securities - BUX

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