Companies / CIA

CHAMPION IRON LIMITED

ASX:CIAMaterials
560.0M shares on issueASX (delayed) · snapshot 11 Sept 2026569.0M fully diluted+1.6% if every option and right converts$3.40price · delayed$1.90Bmarket cap · indicative

Today’s holders own 98.4% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 8% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)8.1%
Raise cadence (24m)1 cash raise
Options & rights overhang1.6% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

CHAMPION IRON LIMITED's ordinary share count was 560M as of April 2026, an increase of 8.1% from June 2024. In the past 24 months, the company completed one capital raise, a A$100.0M private placement of subscription receipts in December 2025. Options and rights on issue could convert into 9M new shares, representing 1.6% of the current share count. No expiry date for these securities is on record, and none are in the money. The company does not have a current quarterly cash report on record, so no cash balance or funding runway figure is available. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 1 Sept 2026
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1.6%
Options & rights overhang
In-the-money supply · no stated strikes
1
Raises · last 12 months
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 560.0M per ASX (delayed) (snapshot 11 Sept 2026).
520M540M560MDec 24Oct 25Sept 26Cash raise · 19 Dec 2025560.0M

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
20 Aug 20263H · cancellationCIA : ORDINARY FULLY PAID560.0MAppendix 3H
7 Aug 20263G · unquotedORDINARY FULLY PAID560.0MAppendix 3G
7 July 20263H · cancellationORDINARY FULLY PAID560.0MAppendix 3H
11 June 20263G · unquotedORDINARY FULLY PAID560.0MAppendix 3G
12 Apr 20262A · quoted issueCIA : ORDINARY FULLY PAID560.0MAppendix 2A
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37 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

$100.0M
Private Placement (Subscription Receipts)
19 Dec 2025
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1 raise 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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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 67% of the 15% placement capacity left — about 33% 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

1.6%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
8.9M
Potential new shares
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 8.9M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
CIAALCondition-triggered667kFiling Meeting
CIAABCondition-triggered2.9MFiling Meeting
CIAAMPerformance sharesCondition-triggered5.3MFiling 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.

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.

1 class ceased in the last 12 months and is 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.
  • CIAANConverts on terms26.8M securities → 012 Apr 2026 Appendix 2A
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3 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
20 Aug 2026David CatafordSell648k$2.3M3Y notice
6 Aug 2026William Michael O'KeeffeOther off-market5.0M$17.4M3Y notice
3 Aug 2026Gary LawlerOther incentive971$4k3Y notice
3 Aug 2026Ronald Hugh BeevorOther incentive434$2k3Y notice
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41 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.