Companies / DKM

DUKETON MINING LIMITED

ASX:DKMMaterials
124.8M shares on issueASX (delayed) · snapshot 11 Sept 2026135.8M fully diluted+8.9% if every option and right converts$0.12price · delayed$14.7Mmarket cap · indicative

Today’s holders own 91.8% of what they think they own, once every option and right converts.

Low
Dilution risk

Runway 4–8 quarters; options/rights overhang 9% of shares; proposed issue pending

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway5.3 quarters of funding
Share-count growth (24m)1.9%
Raise cadence (24m)0 cash raises
Options & rights overhang8.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

DUKETON MINING LIMITED's ordinary share count grew 1.9% between April 2024 and August 2026, to 125M shares. The company has not raised capital in the past 24 months. Options and rights on issue could convert into 11M new shares, representing 8.9% of the current share count, with the nearest expiry in November 2026; none are currently in the money. As of the June 2026 quarter, the company reported A$6.5M in available cash, sufficient for approximately 5.3 quarters of operations. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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8.9%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
5.3 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 124.8M per ASX (delayed) (snapshot 11 Sept 2026).
122.5M123.0M123.5M124.0M124.5MDec 24Oct 25Sept 26124.8M

Cash runway

5.3 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Oct 2027 at the reported spend rate.
$6.5M 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: $7.5M cash at quarter end (item 4.6), 6.1 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
12 Aug 20262A · quoted issueDKM : ORDINARY FULLY PAID124.8MAppendix 2A
18 May 20262A · quoted issueDKM : ORDINARY FULLY PAID124.6MAppendix 2A
20 Feb 20263G · unquotedDKM : ORDINARY FULLY PAID122.6MAppendix 3G
18 Feb 20263H · cancellationDKM : ORDINARY FULLY PAID122.6MAppendix 3H
28 Nov 20253G · unquotedDKM : ORDINARY FULLY PAID122.6MAppendix 3G
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11 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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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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8 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 90% of the 15% placement capacity left — about 10% 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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
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1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

8.9%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
11.1M
Potential new shares
Nov 2026
Nearest expiry
What a price move would switch on
5.5M11.1M$0.12 now0.25× today ($0.03) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.06) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.09) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.12) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.15) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.18) — 510k of the priced supply in the money, 0.4% of shares on issue2× today ($0.23) — 6.4M of the priced supply in the money, 5.1% of shares on issue3× today ($0.35) — 6.4M of the priced supply in the money, 5.1% of shares on issue5× today ($0.59) — 11.1M of the priced supply in the money, 8.9% of shares on issue10× today ($1.17) — 11.1M of the priced supply in the money, 8.9% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.12 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 510k (0.4% 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
DKMAPOptionsPrice-triggered$0.4819 Nov 20262.3MFiling
DKMAQOptionsPrice-triggered$0.5129 Nov 20272.0MFiling
DKMAROptionsPrice-triggered$0.4230 Nov 2027410kFiling
DKMASOptionsPrice-triggered$0.1631 May 2029510kFiling
DKMATOptionsPrice-triggered$0.2131 May 2030910kFiling
DKMAUOptionsPrice-triggered$0.2027 Nov 20304.0MFiling
DKMAVOptionsPrice-triggered$0.1918 Feb 20311.0MFiling

“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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7 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
26 Nov 2025Heath HellewellOther—1.0M——3Y notice
26 Nov 2025Seamus CorneliusOther—1.0M——3Y notice
26 Nov 2025Stuart FogartyOther—2.0M——3Y notice
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5 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

10 Sept 2026$PManaging Director to Transition to Non-Executive Director
7 Sept 2026Appendix 4G and Corporate Governance Statement
7 Sept 2026Annual Report to shareholders
25 Aug 2026$PFollow Up Drilling Underway at Barlee Gold Project
12 Aug 2026Section 708A Notice
12 Aug 2026Application for quotation of securities - DKM
9 Aug 2026$PBarlee Exploration Update
22 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
30 June 2026$PSignificant intersections drilled at Barlee
22 June 2026$PSignificant Gold Intersections at Barlee
18 May 2026Section 708A Notice
18 May 2026Application for quotation of securities - DKM
12 May 2026Proposed issue of securities - DKM
11 May 2026$PExpanded Maiden Drill Program at Barlee Complete
29 Apr 2026$PWalgoolan Project Update Grant of Tenement
24 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
6 Apr 2026$PMaiden Drill Program Underway Barlee Gold Project
25 Mar 2026$PDrill Rig Mobilising for Maiden Program at Barlee
19 Mar 2026Proposed issue of securities - DKM
19 Mar 2026Final Director's Interest Notice

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