Companies / CAY

CANYON RESOURCES LIMITED

ASX:CAYMaterials
2.06B shares on issueASX (delayed) · snapshot 11 Sept 20262.08B fully diluted+0.7% if every option and right converts$0.046price · delayed$94.9Mmarket cap · indicative

Today’s holders own 99.3% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 46% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — latest quarter's spending was dominated by property, plant and equipment, so its cash flow is not a runway
Share-count growth (24m)45.8%
Raise cadence (24m)1 cash raise
Options & rights overhang0.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

CANYON RESOURCES LIMITED's ordinary share count was 2.06B as of December 2025, an increase of 45.8% from August 2024. The company completed one capital raise in the past 24 months, a placement in September 2025 that brought in A$205.4M. Options and rights on issue could convert to 15M new shares, representing 0.7% of the current share count, with the nearest expiry in October 2027; none are currently in the money. As of June 2026, the company held A$12.6M in cash. A note indicates that spending in the latest quarter was dominated by property, plant and equipment, so no funding-runway figure applies. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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0.7%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
Cash cover · capital spending, not a runway

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 2.06B per ASX (delayed) (snapshot 11 Sept 2026).
1.50B1.75B2.00BDec 24Oct 25Sept 26Cash raise · 22 Sept 20252.06B

Cash runway

The latest quarter’s spending was dominated by property, plant and equipment, so its cash flow does not describe a funding runway.
$12.1M 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: $45.8M cash at quarter end (item 4.6), 36.3 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
18 Feb 20263H · cancellationCAY : ORDINARY FULLY PAID2.06BAppendix 3H
1 Dec 20252A · quoted issueCAY : ORDINARY FULLY PAID2.06BAppendix 2A
18 Nov 20252A · quoted issueCAY : ORDINARY FULLY PAID2.06BAppendix 2A
1 Oct 20252A · quoted issueCAY : ORDINARY FULLY PAID1.92BAppendix 2A
9 July 20252A · quoted issueCAY : ORDINARY FULLY PAID1.78BAppendix 2A
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19 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

1 cash raise in the last 24 months · 1 in the last 12 months

$205.4M
Placement
22 Sept 2025
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2 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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1 dated event 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 Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

0.7%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
15.0M
Potential new shares
Oct 2027
Nearest expiry
What a price move would switch on
7.5M15.0M$0.046 now0.25× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.023) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.035) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.046) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.057) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.069) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.092) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.138) — 15.0M of the priced supply in the money, 0.7% of shares on issue5× today ($0.230) — 15.0M of the priced supply in the money, 0.7% of shares on issue10× today ($0.460) — 15.0M of the priced supply in the money, 0.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.046 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until today’s price, which takes it to 15.0M (0.7% 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
CAYAAAOptionsPrice-triggered$0.108 Oct 202715.0MFiling

“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.

2 classes ceased in the last 12 months and are 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.
  • CAYAFCondition-triggered2.0M securities → 018 Feb 2026 Appendix 2A
  • CAYAGPrice-triggered137.4M securities → 018 Nov 2025 Appendix 2A
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1 option line 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
26 June 2026Mark HohnenSell on-market3Y notice
1 Dec 2025Mark HohnenOther3.0M3.0M3Y notice
12 Feb 2025Mr Wei (Peter) SuSell on-market3Y notice
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17 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

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