Companies / FXG

FELIX GOLD LIMITED

ASX:FXGMaterials
516.3M shares on issueASX (delayed) · snapshot 28 Oct 2026550.2M fully diluted+6.6% if every option and right converts$0.14price · delayed$69.7MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 93.9% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 57% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.6 quarters of funding
Share-count growth (24m)57.1%
Raise cadence (24m)4 cash raises
Options & rights overhang6.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

FELIX GOLD LIMITED's ordinary share count increased 57.1% between October 2024 and July 2026, its latest share-count filing, to 516M shares. It raised capital four times in the 24-month window, with total disclosed proceeds of A$39.3M, most recently an A$18.0M placement in December 2025. Options and rights on issue could convert into 34M new shares, a 6.6% overhang relative to current shares, none of which are in the money; the nearest expiry is January 2028. The company has under 2 quarters of funding at the recent spend rate. No proposed securities issues (Appendix 3B) are currently pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 5

When did FXG last raise capital?

The last capital raise in Felix Gold's filings is Placement of $18.0M announced 8 Dec 2025, one of 3 cash raises in 24 months.

How much placement capacity does FXG have left?

About 88% of the 15% placement capacity left, about 12% used in 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.

How much cash does FXG have?

In its quarterly cash report for the quarter ended 30 June 2026, Felix Gold reported $9.6M of cash and estimated 2.2 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do FXG's options expire?

Unexercised options and rights equal 6.6% of Felix Gold's shares on issue; the nearest expiry is Jan 2028.

How much has FXG's share count grown?

Felix Gold has 516.3M shares on issue as at 28 Oct 2026, up 57.1% over 24 months according to its Appendix 2A filings.

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6.6%
Options & rights overhang
0.0%
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
1
Raises · last 12 months
0.6 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 516.3M per ASX (delayed) (snapshot 28 Oct 2026).
350M400M450M500MDec 24Nov 25Oct 26Cash raise · 8 Dec 2025Cash raise · 27 June 2025Cash raise · 5 May 2025516.3M

Cash runway

0.6 qtrs OURS
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Dec 2026 at the reported spend rate.
$3.0M cash after burn.
FILED 2.2 qtrs · $9.6M cash · quarter 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.$9.6M cash at 30 Jun 2026 − $6.6M spent ($4.9M a quarter × 120 days) = $3.0M left → 0.6 qtrsFILED 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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11 cash reports 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
6 July 20262A · quoted issueFXG : ORDINARY FULLY PAID516.3MAppendix 2A
22 June 20262A · quoted issueFXG : ORDINARY FULLY PAID503.0MAppendix 2A
19 June 20262A · quoted issueFXG : ORDINARY FULLY PAID505.0MAppendix 2A
18 June 20262A · quoted issueFXG : ORDINARY FULLY PAID502.0MAppendix 2A
11 June 20262A · quoted issueFXG : ORDINARY FULLY PAID500.1MAppendix 2A
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47 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

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

every 3.6 monthsaverage gap between raises
10.6 monthssince the most recent
5 May 2025 – 8 Dec 2025first to most recent in this window
$18.0M
Placement
At 36.0c, 13.3% below the last close
8 Dec 2025 COMPLETE
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9 issues (incl. 5 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.

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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.

About 88% of the 15% placement capacity left — about 12% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). Shares issued with holder approval are not added to the base, 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

6.6%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
33.8M
Potential new shares
Jan 2028
Nearest expiry
What a price move would switch on
16.9M33.8M$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) — 1.4M of the priced supply in the money, 0.3% of shares on issue1.5× today ($0.21) — 6.7M of the priced supply in the money, 1.3% of shares on issue2× today ($0.28) — 24.1M of the priced supply in the money, 4.7% of shares on issue3× today ($0.42) — 27.2M of the priced supply in the money, 5.3% of shares on issue5× today ($0.70) — 33.0M of the priced supply in the money, 6.4% of shares on issue10× today ($1.40) — 33.8M of the priced supply in the money, 6.6% 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 1.25× today’s price, which takes it to 1.4M (0.3% 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
FXGAVOptionsPrice-triggered$0.156 Jan 20281.4MFiling
FXGAAAOptionsPrice-triggered$0.2318 Aug 202814.3MFiling
FXGADOptionsPrice-triggered$0.5418 Dec 20282.5MFiling
FXGAWOptionsPrice-triggered$0.2031 Dec 20283.1MFiling
FXGAXOptionsPrice-triggered$0.2531 Dec 20283.1MFiling
FXGAZOptionsPrice-triggered$0.3031 Dec 20283.1MFiling
FXGAAOptionsPrice-triggered$0.4831 Dec 2028500kFiling
FXGAEOptionsPrice-triggered$0.5531 Dec 2028875kFiling
FXGABOptionsPrice-triggered$0.5831 Dec 2028500kFiling
FXGAFOptionsPrice-triggered$0.6531 Dec 2028875kFiling
FXGACOptionsPrice-triggered$0.6831 Dec 2028500kFiling
FXGAGOptionsPrice-triggered$0.7531 Dec 2028875kFiling
FXGAHOptionsPrice-triggered$0.2013 Apr 20292.2MFiling

“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.

3 classes ceased in the last 12 months and are 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.
  • FXGAUPrice-triggered1.9M securities → 06 July 2026 Appendix 2A
  • FXGARPrice-triggered500k securities → 025 May 2026 Appendix 2A
  • FXGAQPrice-triggered500k securities → 023 Apr 2026 Appendix 2A
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13 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
18 June 2026Ronald Hugh BeevorOther300k300k—$45k3Y notice
15 June 2026Andrew Louis Linton BrowneOther300k——$45k3Y notice
13 Apr 2026Andrew Louis Linton BrowneOther10k——$4k3Y notice
13 Apr 2026Joseph Peter WebbOther69k——$25k3Y notice
13 Apr 2026Ronald Hugh BeevorOther25k——$9k3Y notice
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22 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

23 Oct 2026Notice of Annual General Meeting
9 Oct 2026Investor Presentation
30 Sept 2026Date of AGM and Date for Director Nominations
30 Sept 2026Annual Report to shareholders
30 Sept 2026Corporate Governance Statement
30 Sept 2026Appendix 4G
28 Aug 2026Investor Presentation
28 Aug 2026Ceasing to be a substantial holder
27 Aug 2026$PPilot Plant Produces Antimony Metal
26 Aug 2026Change in substantial holding
19 Aug 2026$PUS Department of Energy Antimony Funding
12 Aug 2026Change of Registered Office
31 July 2026$PQuarterly Activities and Cashflow Reports
20 July 2026Investor Presentation
13 July 2026Change in substantial holding
6 July 2026Cleansing Notice
6 July 2026Application for quotation of securities - FXG
29 June 2026Change of Auditor
22 June 2026Application for quotation of securities - FXG
19 June 2026Application for quotation of securities - FXG

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