Companies / FMR

FMR RESOURCES LIMITED

ASX:FMRMaterials
67.1M shares on issueASX (delayed) · snapshot 11 Sept 202687.8M fully diluted+30.9% if every option and right converts$0.51price · delayed$34.2Mmarket cap · indicative

Today’s holders own 76.4% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 186% in 24 months; 3 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.5 quarters of funding
Share-count growth (24m)186.4%
Raise cadence (24m)3 cash raises
Options & rights overhang30.9% of shares
In-the-money supply13.3% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

FMR RESOURCES LIMITED's ordinary share count grew 216.9% between September 2024 and August 2026, reaching 67M shares. In the past 24 months, the company raised capital three times for a total of A$10.6M, most recently a A$5.0M placement in June 2026. Options and rights on issue could convert into 21M new shares, representing 30.9% of the current share count, of which 13% are in the money; the nearest expiry date is December 2026. At the June 2026 quarter, FMR RESOURCES LIMITED reported A$3.0M in cash, sufficient for approximately 1.5 quarters. Two proposed securities issues (Appendix 3B) are pending, with an expected issue date in October 2026.

AI-generated summary of this page's cited filings · updated 10 Sept 2026
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30.9%
Options & rights overhang
13.3%
In-the-money supply
1
Raises · last 12 months
1.5 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 67.1M per ASX (delayed) (snapshot 11 Sept 2026).
20M40M60MDec 24Oct 25Sept 26Cash raise · 8 June 2026Cash raise · 1 Sept 2025Cash raise · 11 June 202567.1M

Cash runway

1.5 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Oct 2026 at the reported spend rate.
$3.0M 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: $4.7M cash at quarter end (item 4.6), 2.3 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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9 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
4 Sept 20263G · unquotedFMR : ORDINARY FULLY PAID67.1MAppendix 3G
13 Aug 20263G · unquotedFMR : ORDINARY FULLY PAID63.9MAppendix 3G
13 Aug 20262A · quoted issueFMR : ORDINARY FULLY PAID67.1MAppendix 2A
18 June 20262A · quoted issueFMR : ORDINARY FULLY PAID52.4MAppendix 2A
18 June 20262A · quoted issueFMR : ORDINARY FULLY PAID62.7MAppendix 2A
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28 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 5.9 monthsaverage gap between raises
3.2 monthssince the most recent
11 June 2025 – 8 June 2026first to most recent in this window
$5.0M
Placement
8 June 2026 COMPLETE
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5 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.

3.7M of option supply could convert within 12 months — 5.5% of shares on issue
3.7M in the money, expiring in the window
2 proposed issues (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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6 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 12% of the 15% placement capacity left — about 88% 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

2 proposed issues 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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2 pending issues on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

30.9%
Options & rights overhang · of current shares
13.3%
In-the-money supply · at current price
20.7M
Potential new shares
Dec 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered11.8M · 17.6% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered8.9M · 13.3% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 10.8M priced (of which 8.9M in the money), 950k at a stated nil price, 8.9M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
10.4M20.7M$0.51 now0.25× today ($0.13) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.26) — 8.9M of the priced supply in the money, 13.3% of shares on issue0.75× today ($0.38) — 8.9M of the priced supply in the money, 13.3% of shares on issue1× today ($0.51) — 8.9M of the priced supply in the money, 13.3% of shares on issue1.25× today ($0.64) — 10.8M of the priced supply in the money, 16.2% of shares on issue1.5× today ($0.77) — 10.8M of the priced supply in the money, 16.2% of shares on issue2× today ($1.02) — 10.8M of the priced supply in the money, 16.2% of shares on issue3× today ($1.53) — 10.8M of the priced supply in the money, 16.2% of shares on issue5× today ($2.55) — 10.8M of the priced supply in the money, 16.2% of shares on issue10× today ($5.10) — 10.8M of the priced supply in the money, 16.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.51 today, 8.9M securities are in the money (13.3% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 10.8M (16.2% 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.
  • 950k (4.6% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
  • 8.9M (43.1% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
FMRAHOptionsPrice-triggered$0.2531 Dec 20263.7MFiling
FMRALOptionsPrice-triggeredNil25 Sept 2028950kFiling
FMRAIOptionsPrice-triggered$0.254 Aug 20295.3MFiling
FMRAMOptionsPrice-triggered$0.5427 Oct 20291.9MFiling
——Condition-triggered——75kFiling Meeting
FMRAKPerformance rightsCondition-triggered——8.8MFiling Meeting

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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.
  • FMRAGCondition-triggered1000k securities → 02 Jan 2026 Appendix 2A
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6 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
24 Aug 2026Cameron PeacockOther off-market400k——$683k3Y notice
20 Aug 2026Cameron PeacockOther off-market1.4M——$683k3Y notice
14 Aug 2026Cameron PeacockOther placement500k——$170k3Y notice
14 Aug 2026Justin WernerOther placement150k——$51k3Y notice
14 Aug 2026Oliver KiddieOther placement150k—2.0M$51k3Y notice
14 Aug 2026Patrick BurkeOther placement150k150k—$51k3Y notice
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13 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 2026AGM Date and Closing Date for Director Nominations
8 Sept 2026$PStrong IP Anomaly Defines Priority Esperanza I Target
4 Sept 2026Notification regarding unquoted securities - FMR
4 Sept 2026Issue of Restricted Stock Units
31 Aug 2026$P3D Modelling Defines La Martuca Drill Targets
25 Aug 2026Change of Director's Interest Notice
14 Aug 2026Ceasing to be a substantial holder
13 Aug 2026Cleansing Notice
13 Aug 2026Change of Director's Interest Notices x 4
13 Aug 2026Application for quotation of securities - FMR
13 Aug 2026Notification regarding unquoted securities - FMR
10 Aug 2026Results of Meeting
4 Aug 2026$PLos Warbos Helicopter Magnetic Survey
28 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
23 July 2026Addendum to Notice of General Meeting / Updated Proxy Form
21 July 2026Proposed issue of securities - FMR
20 July 2026Proposed issue of securities - FMR
20 July 2026$PLos Warbos Project Acquisition
16 July 2026$PTrading Halt
13 July 2026$PIP Survey Identifies Multiple Sulphide Targets at La Martuca

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