Companies / CIA

CHAMPION IRON LIMITED

ASX:CIAMaterials
560.0M shares on issueASX (delayed) · snapshot 28 Oct 2026568.9M fully diluted+1.6% if every option and right converts$2.26price · delayed$1.25BMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 98.5% 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 — no quarterly (4C/5B) or half-year/annual (4D/4E) cash report on record
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 grew 8.1% between September 2024 and April 2026, its latest share-count filing, to 560M shares. The company raised capital once in the period for total disclosed proceeds of A$100.0M, a Private Placement (Subscription Receipts) in December 2025. Options and rights on issue could convert into 9M new shares, equal to 1.6% of the current share count; none are in the money. No expiry date for these securities is on record. The company does not have a current quarterly, half-year or annual cash report runway figure on record, so no funding estimate is available. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 3

When did CIA last raise capital?

The last capital raise in Champion Iron's filings is Private Placement (Subscription Receipts) of $100.0M announced 22 Dec 2025, one of 1 cash raises in 24 months.

How many options and rights does CIA have outstanding?

Unexercised options and rights equal 1.6% of Champion Iron's shares on issue.

How much has CIA's share count grown?

Champion Iron has 560.0M shares on issue as at 28 Oct 2026, up 8.1% over 24 months according to its Appendix 2A filings.

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1.6%
Options & rights overhang
—
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply · no stated strikes
1
Raises · last 12 months
—
Cash cover · no cash report

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 28 Oct 2026).
520M540M560MDec 24Nov 25Oct 26Cash raise · 22 Dec 2025560.0M

Cash runway

No cash report on record. No Appendix 4C / 5BQuarterly cash reports: cash in, cash out and cash on hand. Explorers lodge a 5B, other early-stage companies a 4C. quarterly cash report and no 4D/4E half-year or annual cash-flow statement is on record for this company, so cash runway cannot be computed.

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)

DateFormSecurityOn issue, per this filingSource
8 Oct 20263H · cancellationCIA : ORDINARY FULLY PAID560.0MAppendix 3H
21 Aug 20263H · cancellationCIA : ORDINARY FULLY PAID560.0MAppendix 3H
7 Aug 20263G · unquotedORDINARY FULLY PAID560.0MAppendix 3G
7 July 20263H · cancellationORDINARY FULLY PAID560.0MAppendix 3H
12 June 20263G · unquotedORDINARY FULLY PAID560.0MAppendix 3G
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38 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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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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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)
22 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 / 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.

No estimate — a filing in the last 12 months issues securities that can become shares (such as convertible notes or performance shares) without stating how many, so the capacity they use is unknown.
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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
8.8M
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 8.8M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
CIAAL—Condition-triggered——667kFiling Meeting
CIAAB—Condition-triggered——2.9MFiling Meeting
CIAAMPerformance sharesCondition-triggered——5.2MFiling 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. For what expires soon across other listed companies, see the options expiry calendar.

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 → 013 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 CatafordSell—648k—$2.3M3Y notice
6 Aug 2026William Michael O'KeeffeOther off-market5.0M——$17.4M3Y notice
3 Aug 2026Gary LawlerOther incentive——971$4k3Y notice
3 Aug 2026Ronald Hugh BeevorOther incentive——434$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 28 Oct 2026.