Companies / EMR

EMERALD RESOURCES NL

ASX:EMRMaterials
663.4M shares on issueASX (delayed) · snapshot 28 Oct 2026678.6M fully diluted+2.3% if every option and right converts$6.30price · delayed$4.01BMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 97.8% of what they think they own, once every option and right converts.

Minimal
Dilution risk

Proposed issue pending; 2% of shares in the money

Minimal because 4 of its 6 signals are quiet.

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)1.0%
Raise cadence (24m)0 cash raises
Options & rights overhang2.3% of shares
In-the-money supply1.7% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

EMERALD RESOURCES NL's ordinary share count stood at 663M as of October 2026, up 1.0% from September 2024. The company has not raised capital through any cash placement, rights issue or share purchase plan in the past 24 months. Options and rights on issue could convert into 15M new shares, equal to 2.3% of the current share count, of which 2.0% are in the money; the nearest expiry is in October 2027. The company's latest cash report is a half-year/annual report, not a quarterly; it shows non-negative net cash flow, so no funding-runway estimate is applicable. 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 17 Oct 2026
Quick answers · 4

Is EMR raising capital?

Emerald Resources has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026.

How much placement capacity does EMR have left?

None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

When do EMR's options expire?

Unexercised options and rights equal 2.3% of Emerald Resources's shares on issue; the nearest expiry is Oct 2027.

How much has EMR's share count grown?

Emerald Resources has 663.4M shares on issue as at 28 Oct 2026, up 1.0% over 24 months according to its Appendix 2A filings.

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2.3%
Options & rights overhang
1.7%
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
0
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 663.4M per ASX (delayed) (snapshot 28 Oct 2026).
657.5M660.0M662.5MDec 24Nov 25Oct 26663.4M

Cash runway

—
The latest annual report shows no net cash burn, so there is no cash-out date.
$433.6M cash after burn · operating cash flow only.
FILED $433.6M cash · year ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$433.6M cash at 30 Jun 2026 = $433.6M left (no net burn, so nothing is deducted)FILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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1 cash report on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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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
9 Oct 20262A · quoted issueEMR : ORDINARY FULLY PAID663.4MAppendix 2A
9 Oct 20263H · cancellationEMR : ORDINARY FULLY PAID663.2MAppendix 3H
9 Oct 20263G · unquotedEMR : ORDINARY FULLY PAID663.2MAppendix 3G
29 Sept 20262A · quoted issueEMR : ORDINARY FULLY PAID663.2MAppendix 2A
23 Sept 20262A · quoted issueEMR : ORDINARY FULLY PAID663.1MAppendix 2A
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69 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

No equity raises in the last 24 months.
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14 issues (incl. 10 exercises or conversions) 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.

1.2M of option supply could convert within 12 months — 0.2% of shares on issue
1.2M in the money, expiring in the window
1 proposed issue (Appendix 3B) also pending — not counted above; the securities each would add are in the calendar below.
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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13 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 / 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 Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-10-28).
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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

2.3%
Options & rights overhang · of current shares
1.7%
In-the-money supply · at current price
15.2M
Potential new shares
Oct 2027
Nearest expiry
What a price move would switch on
7.6M15.2M$6.30 now0.25× today ($1.57) — 1.2M of the priced supply in the money, 0.2% of shares on issue0.5× today ($3.15) — 3.7M of the priced supply in the money, 0.6% of shares on issue0.75× today ($4.72) — 11.1M of the priced supply in the money, 1.7% of shares on issue1× today ($6.30) — 11.1M of the priced supply in the money, 1.7% of shares on issue1.25× today ($7.88) — 14.3M of the priced supply in the money, 2.2% of shares on issue1.5× today ($9.45) — 15.2M of the priced supply in the money, 2.3% of shares on issue2× today ($12.60) — 15.2M of the priced supply in the money, 2.3% of shares on issue3× today ($18.90) — 15.2M of the priced supply in the money, 2.3% of shares on issue5× today ($31.50) — 15.2M of the priced supply in the money, 2.3% of shares on issue10× today ($63.00) — 15.2M of the priced supply in the money, 2.3% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $6.30 today, 11.1M securities are in the money (1.7% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 14.3M (2.2% 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
EMRANOptionsPrice-triggered$1.3717 Oct 20271.2MFiling
EMRAOOptionsPrice-triggered$1.9413 Apr 2028570kFiling
EMRAQOptionsPrice-triggered$2.8412 Sept 20281.9MFiling
EMRAROptionsPrice-triggered$3.7028 Feb 20291.0MFiling
EMRASOptionsPrice-triggered$3.5121 Mar 2029500kFiling
EMRATOptionsPrice-triggered$4.4331 July 20293.2MFiling
EMRAUOptionsPrice-triggered$4.7230 Sept 2029250kFiling
EMRAVOptionsPrice-triggered$4.4014 Aug 20302.5MFiling
EMRAWOptionsPrice-triggered$8.274 Feb 2031700kFiling
EMRAXOptionsPrice-triggered$6.8818 June 2031650kFiling
EMRAYOptionsPrice-triggered$6.633 Aug 20312.5MFiling
—OptionsPrice-triggered$8.3523 Sept 2031200kFiling

“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.

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.
  • EMRAPPrice-triggered250k securities → 017 Sept 2026 Appendix 2A
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12 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
10 July 2026Michael EvansSell—500k—$1.6M3Y notice
9 July 2026Michael EvansSell401k——$545k3Y notice
10 July 2025Michael EvansSell on-market600k———3Y notice
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8 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

28 Oct 2026Exploration and Resource Drilling Update
26 Oct 2026Change in substantial holding - Amendment
23 Oct 2026Change in substantial holding
19 Oct 2026Annual Report to shareholders
19 Oct 2026Notice of Annual General Meeting/Proxy Form
19 Oct 2026Letter to Shareholders - AGM Materials
9 Oct 2026Notification regarding unquoted securities - EMR
9 Oct 2026Notification of cessation of securities - EMR
9 Oct 2026Application for quotation of securities - EMR
9 Oct 2026Options - Exercise, Cancellation and Issue
7 Oct 2026September 2026 Quarterly Production Update
30 Sept 2026Date of Annual General Meeting
29 Sept 2026Application for quotation of securities - EMR
29 Sept 2026Option Exercise
24 Sept 2026Becoming a substantial holder
23 Sept 2026Application for quotation of securities - EMR
23 Sept 2026Option Exercise
22 Sept 2026EMR Backed Manda Completes Acquisition and Appoints CEO
17 Sept 2026Application for quotation of securities - EMR
17 Sept 2026Option Exercise

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.