Companies / E79

E79 GOLD MINES LIMITED

ASX:E79Materials
353.6M shares on issueASX (delayed) · snapshot 11 Sept 2026368.7M fully diluted+4.3% if every option and right converts$0.025price · delayed$8.8Mmarket cap · indicative

Today’s holders own 95.9% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 262% in 24 months; runway 2–4 quarters; 3 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway3.6 quarters of funding
Share-count growth (24m)262.3%
Raise cadence (24m)3 cash raises
Options & rights overhang4.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

E79 GOLD MINES LIMITED's ordinary share count grew 262.3% between June 2024 and February 2026, to 354M shares. The company raised capital three times over the past 24 months for total disclosed proceeds of A$5.9M, most recently a A$3.1M placement in September 2025. Options and rights on issue could convert into 15M new shares, equal to 4.3% of the current share count, with the nearest expiry in November 2026; none are currently in the money. At the June 2026 quarter the company reported A$2.0M in available cash, providing about 3.6 quarters of funding at its recent spending rate. There are no pending proposed securities issues.

AI-generated summary of this page's cited filings · updated 10 Sept 2026
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4.3%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
3.6 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 353.6M per ASX (delayed) (snapshot 11 Sept 2026).
100M200M300MDec 24Oct 25Sept 26Cash raise · 30 Sept 2025Cash raise · 2 Apr 2025Cash raise · 12 Feb 2025353.6M

Cash runway

3.6 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about May 2027 at the reported spend rate.
$2.0M 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: $2.4M 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
30 June 20263H · cancellationE79 : ORDINARY FULLY PAID353.6MAppendix 3H
5 Feb 20262A · quoted issueE79 : ORDINARY FULLY PAID353.6MAppendix 2A
8 Dec 20252A · quoted issueE79 : ORDINARY FULLY PAID325.0MAppendix 2A
4 Dec 20252A · quoted issueE79 : ORDINARY FULLY PAID321.0MAppendix 2A
4 Dec 20252A · quoted issueE79 : ORDINARY FULLY PAID321.0MAppendix 2A
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19 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

3 cash raises in the last 24 months · 1 in the last 12 months

every 3.8 monthsaverage gap between raises
11.4 monthssince the most recent
12 Feb 202530 Sept 2025first to most recent in this window
$3.1M
Placement
30 Sept 2025 COMPLETE
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4 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.

No 15% placement capacity left — all of it used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. 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

4.3%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
15.2M
Potential new shares
Nov 2026
Nearest expiry
What a price move would switch on
7.6M15.2M$0.025 now0.25× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.013) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.019) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.025) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.031) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.038) — 8.3M of the priced supply in the money, 2.3% of shares on issue2× today ($0.050) — 8.3M of the priced supply in the money, 2.3% of shares on issue3× today ($0.075) — 11.3M of the priced supply in the money, 3.2% of shares on issue5× today ($0.125) — 15.2M of the priced supply in the money, 4.3% of shares on issue10× today ($0.250) — 15.2M of the priced supply in the money, 4.3% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.025 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 8.3M (2.3% 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
E79ALOptionsPrice-triggered$0.1230 Nov 20263.9MFiling
E79AMOptionsPrice-triggered$0.03530 Nov 20273.6MFiling
E79AOOptionsPrice-triggered$0.05030 Nov 20273.0MFiling
E79APOptionsPrice-triggered$0.03730 Nov 20284.6MFiling

“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
3 July 2026CHRISTOPHER CAIRNSOther off-market3.4M600k$101k3Y notice
30 June 2026CHRISTOPHER CAIRNSOther3Y notice
30 June 2026DEBORAH LORDSell1.0M1.1M3Y notice
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18 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.