Companies / CRB

CARBINE RESOURCES LIMITED

ASX:CRBMaterials
1.19B shares on issueASX (delayed) · snapshot 11 Sept 20261.20B fully diluted+0.8% if every option and right converts$0.010price · delayed$11.9Mmarket cap · indicative

Today’s holders own 99.2% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Runway 2–4 quarters; share count grew 26% in 24 months; 1% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway2.6 quarters of funding
Share-count growth (24m)26.4%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)0 cash raises
Options & rights overhang0.8% of shares
In-the-money supply0.8% of shares
Pending proposed issuesnone

CARBINE RESOURCES LIMITED has 1.19B ordinary shares outstanding as of September 2025. The company had no capital raises in the past 24 months. Options and rights on issue could convert into 10M new shares, equal to 0.8% of the current share count, of which 1% are in the money at the current share price; the nearest expiry falls in August 2028. At the June 2026 quarter the company reported A$790K in available cash, about 2.6 quarters of funding at its recent spending rate. No proposed securities issues are pending. The share count provided is the ASX market reading; the filed Appendix 2A series ends earlier, so share count growth over the stated window is not detailed.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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0.8%
Options & rights overhang
0.8%
In-the-money supply
0
Raises · last 12 months
2.6 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.19B per ASX (delayed) (snapshot 11 Sept 2026).
0.6B0.8B1.0B1.2BDec 24Oct 25Sept 261.19B

Cash runway

2.6 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about Feb 2027 at the reported spend rate.
$787k 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: $1.0M cash at quarter end (item 4.6), 3.4 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
15 July 20263H · cancellationCRB : ORDINARY FULLY PAID1.19BAppendix 3H
5 Sept 20252A · quoted issueCRB : ORDINARY FULLY PAID1.16BAppendix 2A
5 Sept 20252A · quoted issueCRB : ORDINARY FULLY PAID1.13BAppendix 2A
18 Aug 20252A · quoted issueCRB : ORDINARY FULLY PAID1.08BAppendix 2A
18 Aug 20252A · quoted issueCRB : ORDINARY FULLY PAID1.02BAppendix 2A
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9 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

No equity raises in the last 24 months.
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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

0.8%
Options & rights overhang · of current shares
0.8%
In-the-money supply · at current price
10.0M
Potential new shares
Aug 2028
Nearest expiry
What a price move would switch on
5.0M10.0M$0.010 now0.25× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.007) — 10.0M of the priced supply in the money, 0.8% of shares on issue1× today ($0.010) — 10.0M of the priced supply in the money, 0.8% of shares on issue1.25× today ($0.013) — 10.0M of the priced supply in the money, 0.8% of shares on issue1.5× today ($0.015) — 10.0M of the priced supply in the money, 0.8% of shares on issue2× today ($0.020) — 10.0M of the priced supply in the money, 0.8% of shares on issue3× today ($0.030) — 10.0M of the priced supply in the money, 0.8% of shares on issue5× today ($0.050) — 10.0M of the priced supply in the money, 0.8% of shares on issue10× today ($0.100) — 10.0M of the priced supply in the money, 0.8% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.010 today, 10.0M securities are in the money (0.8% of shares on issue). No price up to ten times today’s switches on any more priced supply.

  • 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
CRBAEOptionsPrice-triggered$0.00618 Aug 202810.0MFiling

“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.

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.
  • CRBAXCondition-triggered5.0M securities → 015 July 2026 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
5 Sept 2025Brett GrosvenorBuy25.0M—10.0M—3Y notice
5 Sept 2025Glenn WhiddonBuy51.7M—10.0M—3Y notice
5 Sept 2025James PearseBuy15.0M—10.0M—3Y notice
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6 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

11 Sept 2026Half Year Accounts
30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
15 July 2026Notification of cessation of securities - CRB
29 May 2026Results of Meeting
22 May 2026Becoming a substantial holder
22 May 2026Becoming a substantial holder
30 Apr 2026Letter to Shareholders regarding Notice of AGM
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 Apr 2026Notice of Annual General Meeting/Proxy Form
31 Mar 2026Appendix 4G
31 Mar 2026Annual Report to shareholders
30 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
30 Oct 2025$PQuarterly Activities/Appendix 5B Cash Flow Report
12 Sept 2025Half Year Accounts
9 Sept 2025Change of Directors' Interest Notices
5 Sept 2025Cleansing Notice
5 Sept 2025Application for quotation of securities - CRB
5 Sept 2025Application for quotation of securities - CRB
18 Aug 2025Change of Director's Interest Notice - G Whiddon
18 Aug 2025Cleansing Notice

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