Companies / FNR

FAR NORTHERN RESOURCES LIMITED

ASX:FNRMaterials
71.5M shares on issueASX (delayed) · snapshot 11 Sept 202672.0M fully diluted+0.7% if every option and right converts$0.14price · delayed$10.0Mmarket cap · indicative

Today’s holders own 99.3% of what they think they own, once every option and right converts.

Minimal
Dilution risk

Runway 4–8 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway6.1 quarters of funding
Share-count growth (24m)0.0%
Raise cadence (24m)0 cash raises
Options & rights overhang0.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

FAR NORTHERN RESOURCES LIMITED's ordinary share count increased by 97.2% from August 2024 to April 2026, reaching 71M shares. The company has not raised capital in the past 24 months and has no pending proposed securities issues. Options on issue represent a potential dilution of 500,000 shares, or 0.7% of the current share count, with the nearest expiry in April 2027. As of the June 2026 quarter, the company held A$1.4M in cash, providing approximately 6.1 quarters of funding coverage.

AI-generated summary of this page's cited filings · updated 4 Sept 2026
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0.7%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
6.1 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 71.5M per ASX (delayed) (snapshot 11 Sept 2026).
71.0M71.5M72.0MDec 24Oct 25Sept 2671.5M

Cash runway

6.1 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Dec 2027 at the reported spend rate.
$1.4M 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: $1.6M cash at quarter end (item 4.6), 6.9 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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10 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
1 July 20263H · cancellationFNR : ORDINARY FULLY PAID71.5MAppendix 3H
13 Apr 20263H · cancellationFNR : ORDINARY FULLY PAID40.3MAppendix 3H
13 Apr 20262A · quoted issueFNR : ORDINARY FULLY PAID71.5MAppendix 2A
1 Apr 20252A · quoted issueFNR : ORDINARY FULLY PAID40.3MAppendix 2A
5 Aug 20242A · quoted issueFNR : ORDINARY FULLY PAID36.2MAppendix 2A
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5 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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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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1 dated event 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 Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

0.7%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
500k
Potential new shares
Apr 2027
Nearest expiry
What a price move would switch on
250k500k$0.14 now0.25× today ($0.04) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.07) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.11) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.14) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.18) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.21) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.28) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.42) — 500k of the priced supply in the money, 0.7% of shares on issue5× today ($0.70) — 500k of the priced supply in the money, 0.7% of shares on issue10× today ($1.40) — 500k of the priced supply in the money, 0.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.14 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 500k (0.7% 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
FNRAFOptionsPrice-triggered$0.3012 Apr 2027500kFiling

“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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1 option line 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 May 2025CAMERON WOODROWBuy on-market20k———3Y notice
26 May 2025NICHOLAS GERARD REVELLBuy on-market20k350k—$18k3Y notice
26 May 2025Nicholas Gerard RevellBuy on-market20k——$18k3Y notice
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3 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

29 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
22 July 2026Drilling to Recommence at Bridge Creek
1 July 2026Notification of cessation of securities - FNR
12 June 2026$P31% MRE Upgrade at Bridge Creek's Central Gold Deposit
10 June 2026Notice of Upcoming Expiry of Unlisted Options
26 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
13 Apr 2026Application for quotation of securities - FNR
13 Apr 2026Notification of cessation of securities - FNR
7 Apr 2026$PBridge Creek Phase 2 Drilling Results
16 Mar 2026Half Yearly Report and Accounts
9 Mar 2026Expiry of Unlisted Options
9 Mar 2026Release of Escrow Securities
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
25 Nov 2025Results of Meeting
30 Oct 2025$PQuarterly Activities/Appendix 5B Cash Flow Report
27 Oct 2025Ceasing to be a substantial holder
22 Oct 2025Notice of Annual General Meeting/Proxy Form
15 Oct 2025Drilling to Recommence on Bridge Creek Mining Lease
29 Sept 2025Appendix 4G and Corporate Governance Statement
29 Sept 2025Annual Report to shareholders

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