Companies / FLG

FLAGSHIP MINERALS LIMITED

ASX:FLGMaterials
341.0M shares on issueASX (delayed) · as of 28 July 2026$0.15price · delayed$51.1Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 64% in 24 months; 4 cash raises in 24 months

Cash runway1.2 quarters of funding
Share-count growth (24m)64.0%
Raise cadence (24m)4 cash raises
Options & rights overhang18.2% of shares
In-the-money supply9.7% of shares
Pending proposed issuesnone

FLAGSHIP MINERALS LIMITED's ordinary share count grew 64.0% between January 2025 and June 2026, to 334M shares. The company raised capital four times in that 24‑month window for total disclosed proceeds of A$7.8M, most recently a A$2.8M placement in May 2026. Options and rights on issue could convert into 62M new shares, equal to 18.2% of the current share count, of which 10% are in the money at the current share price; the nearest expiry is November 2026. At the March 2026 quarter the company reported A$1.4M in cash, about 1.2 quarters of funding at the recent run‑rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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18.2%
Max option dilution
9.7%
ITM option dilution
2
Raises · last 12 months
1.2 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 341.0M per ASX (delayed) (28 July 2026).
231.4M271.7M311.9MJan 25Oct 25July 26Cash raise · 20 May 2026Cash raise · 30 Sept 2025Cash raise · 29 May 2025Cash raise · 28 Jan 2025

Cash runway

1.2 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$1.4M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
18 June 20262A · quoted issueFLG : ORDINARY FULLY PAID331.2MAppendix 2A
18 June 20262A · quoted issueFLG : ORDINARY FULLY PAID334.0MAppendix 2A
5 June 20262A · quoted issueFLG : ORDINARY FULLY PAID324.2MAppendix 2A
27 May 20262A · quoted issueFLG : ORDINARY FULLY PAID324.2MAppendix 2A
20 May 20262A · quoted issueFLG : ORDINARY FULLY PAID323.1MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

4 cash raises in the last 24 months · 2 in the last 12 months

$2.8M
Placement
20 May 2026 ACTIVE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

18.2%
Total overhang · of current shares
9.7%
In the money · at current price
62.0M
Potential new shares
Nov 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
17 June 2026Thanasak ChanyapoonOther567k—$34k3Y notice
17 June 2026David DochertyOther567k—$34k3Y notice
17 June 2026Paul LockOther8.6M743k$601k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

22 July 2026Results of Meeting
21 July 2026$PUSD4.0M for RK Lithium Received in Full
5 July 2026Corporate Presentation
28 June 2026$PIsidora Gold - Met Drilling and Trenching Completed
28 June 2026Notice of Extraordinary General Meeting/Proxy Form
24 June 2026$PFlagship sells RK Lithium for A$5.8 million cash
18 June 2026Change of Director's Interest Notice x3
18 June 2026Cleansing Statement
18 June 2026Application for quotation of securities - FLG
18 June 2026Application for quotation of securities - FLG
17 June 2026$PWhipsaw Acquisition - Large Scale Copper Project, Canada
15 June 2026$PTrading Halt
9 June 2026Production Target Retraction
5 June 2026Cleansing Statement
5 June 2026Application for quotation of securities - FLG
1 June 2026Cleansing Statement
29 May 2026Results of Meetings
28 May 2026Chair's Address to Shareholders
27 May 2026Application for quotation of securities - FLG
25 May 2026Change of Director's Interest Notice

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