Companies / CBY

CANTERBURY RESOURCES LIMITED

ASX:CBYMaterials
279.7M shares on issueASX (delayed) · snapshot 11 Sept 2026298.2M fully diluted+6.6% if every option and right converts$0.045price · delayed$12.6Mmarket cap · indicative

Today’s holders own 93.8% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 42% in 24 months; 2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway-0.1 quarters of funding
Share-count growth (24m)41.7%
Raise cadence (24m)2 cash raises
Options & rights overhang6.6% of shares
In-the-money supply1.0% of shares
Pending proposed issuesnone

CANTERBURY RESOURCES LIMITED's ordinary share count grew 41.7% between August 2024 and June 2026, to 280M shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$1.4M, with the most recent being a A$1.2M Security Purchase Plan in August 2025. Options on issue could convert into 18M new shares, representing 6.6% of the current share count, of which 1% are in the money; the nearest expiry date is December 2026. At the June 2026 quarter the company reported A$-45K in available cash, representing a funding shortfall of 0.1 quarters. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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6.6%
Options & rights overhang
1.0%
In-the-money supply
0
Raises · last 12 months
-0.1 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 279.7M per ASX (delayed) (snapshot 11 Sept 2026).
200M225M250M275MDec 24Oct 25Sept 26Cash raise · 20 Aug 2025Cash raise · 22 Apr 2025279.7M

Cash runway

-0.1 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-49k 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: $221k cash at quarter end (item 4.6), 2.2 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
13 Aug 20263G · unquotedCBY : ORDINARY FULLY PAID279.7MAppendix 3G
1 July 20263H · cancellationCBY : ORDINARY FULLY PAID279.7MAppendix 3H
9 June 20262A · quoted issueCBY : ORDINARY FULLY PAID279.7MAppendix 2A
31 May 20262A · quoted issueCBY : ORDINARY FULLY PAID279.3MAppendix 2A
14 May 20262A · quoted issueCBY : ORDINARY FULLY PAID277.8MAppendix 2A
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21 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

2 cash raises in the last 24 months · 0 in the last 12 months

every 3.9 monthsaverage gap between raises
12.7 monthssince the most recent
22 Apr 2025 – 20 Aug 2025first to most recent in this window
$1.2M
Security Purchase Plan
20 Aug 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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4 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.

About 74% of the 15% placement capacity left — about 26% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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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

6.6%
Options & rights overhang · of current shares
1.0%
In-the-money supply · at current price
18.5M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
9.3M18.5M$0.045 now0.25× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.022) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.034) — 2.7M of the priced supply in the money, 1.0% of shares on issue1× today ($0.045) — 2.7M of the priced supply in the money, 1.0% of shares on issue1.25× today ($0.056) — 12.7M of the priced supply in the money, 4.5% of shares on issue1.5× today ($0.068) — 13.7M of the priced supply in the money, 4.9% of shares on issue2× today ($0.090) — 18.5M of the priced supply in the money, 6.6% of shares on issue3× today ($0.135) — 18.5M of the priced supply in the money, 6.6% of shares on issue5× today ($0.225) — 18.5M of the priced supply in the money, 6.6% of shares on issue10× today ($0.450) — 18.5M of the priced supply in the money, 6.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.045 today, 2.7M securities are in the money (1.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 12.7M (4.5% 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
CBYATOptionsPrice-triggered$0.05031 Dec 202610.0MFiling
CBYAROptionsPrice-triggered$0.07030 June 20274.8MFiling
CBYAUOptionsPrice-triggered$0.03030 June 20282.7MFiling
—OptionsPrice-triggered$0.06030 June 20291.0MFiling

“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.

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4 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
30 June 2026Michael ErcegSell3.6M900k——3Y notice
30 June 2026Robyn WattsSell639k900k——3Y notice
9 June 2026Ross MollerSell400k400k——3Y notice
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28 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

26 Aug 2026$PDrilling Commencing at John Hill
13 Aug 2026Notification regarding unquoted securities - CBY
10 Aug 2026Corporate Presentation
3 Aug 2026$PDrilling Progress at Briggs and Monto
21 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
3 July 2026Change of Director's Interest Notice x2
1 July 2026Notification of cessation of securities - CBY
11 June 2026Change of Director's Interest Notice
9 June 2026Cleansing Notice
9 June 2026Application for quotation of securities - CBY
2 June 2026Change of Director's Interest Notice x3
2 June 2026Cleansing Notice
31 May 2026Application for quotation of securities - CBY
28 May 2026Amended Announcement Monto Exploration Package Acquisition
19 May 2026Corporate Presentation
15 May 2026Release from Escrow
14 May 2026Application for quotation of securities - CBY
14 May 2026$PCompletion of the Monto Project Acquisition
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026$PMajor Drilling Program Commences at Briggs

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