Companies / G6M

GROUP 6 METALS LIMITED

ASX:G6MMaterials
247.7M shares on issueASX (delayed) · snapshot 11 Sept 2026249.7M fully diluted+0.8% if every option and right converts$3.45price · delayed$854.4Mmarket cap · indicative

Today’s holders own 99.2% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 2367% in 24 months; 3 cash raises in 24 months; 0% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)2366.6%
Raise cadence (24m)3 cash raises
Options & rights overhang0.8% of shares
In-the-money supply0.3% of shares
Pending proposed issuesnone

GROUP 6 METALS LIMITED experienced a share consolidation in August 2025, on a ratio of approximately 1-for-100. Their ordinary share count grew 2366.6% between March 2024 and July 2026, to 248M shares, adjusted for the consolidation. In the past 24 months, the company raised capital three times for total disclosed proceeds of A$21.8M. The latest raise was a non-pro rata offer of securities under a disclosure document in July 2026. Options and rights on issue could convert into 2M new shares, equal to 0.8% of the current share count, with the nearest expiry in September 2026. At the June 2026 quarter the company reported A$78.9M in available cash, and stated that non-negative net cash flow for the period meant no funding-runway figure applied. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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0.8%
Options & rights overhang
0.3%
In-the-money supply · most strikes not on record
1
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. Adjusted for the 1-for-100 consolidation (19 Aug 2025). Latest count 247.7M per ASX (delayed) (snapshot 11 Sept 2026).
0M100M200MDec 24Oct 25Sept 261-for-100 consolidationCash raise · 24 July 2026Cash raise · 2 May 2025247.7M

Cash runway

—
The latest quarterly report shows no net cash burn, so there is no cash-out date.
$79.3M 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: $49.5M cash at quarter end (item 4.6). Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 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
28 July 20262A · quoted issueG6M : ORDINARY FULLY PAID247.7MAppendix 2A
20 July 20262A · quoted issueG6M : ORDINARY FULLY PAID247.6MAppendix 2A
20 July 20262A · quoted issueG6M : ORDINARY FULLY PAID247.6MAppendix 2A
20 July 20262A · quoted issueG6M : ORDINARY FULLY PAID247.6MAppendix 2A
10 July 20263G · unquotedG6M : ORDINARY FULLY PAID247.5MAppendix 3G
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25 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 10.9 monthsaverage gap between raises
1.6 monthssince the most recent
26 Sept 2024 – 24 July 2026first to most recent in this window
—
Non pro rata offer of securities under a disclosure document / PDS (Cleansing Prospectus)
24 July 2026 COMPLETE
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6 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.

410k of option supply could convert within 12 months — 0.2% of shares on issue
380k in the money, expiring in the window30k at a stated nil exercise price — nothing is paid to convert these
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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4 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 99% of the 15% placement capacity left — about 1% 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

0.8%
Options & rights overhang · of current shares
0.3%
In-the-money supply · most strikes not on record
2.0M
Potential new shares
Sept 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered1000k · 0.4% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered1.0M · 0.4% 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: 930k priced (of which 760k in the money), 70k at a stated nil price, 1.0M 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
1000k2.0M$3.45 now0.25× today ($0.86) — 380k of the priced supply in the money, 0.2% of shares on issue0.5× today ($1.73) — 760k of the priced supply in the money, 0.3% of shares on issue0.75× today ($2.59) — 760k of the priced supply in the money, 0.3% of shares on issue1× today ($3.45) — 760k of the priced supply in the money, 0.3% of shares on issue1.25× today ($4.31) — 760k of the priced supply in the money, 0.3% of shares on issue1.5× today ($5.18) — 760k of the priced supply in the money, 0.3% of shares on issue2× today ($6.90) — 760k of the priced supply in the money, 0.3% of shares on issue3× today ($10.35) — 760k of the priced supply in the money, 0.3% of shares on issue5× today ($17.25) — 760k of the priced supply in the money, 0.3% of shares on issue10× today ($34.50) — 930k of the priced supply in the money, 0.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $3.45 today, 760k securities are in the money (0.3% of shares on issue) — a floor, because an exercise price is on record for only 48.2% of this supply. No more priced supply until 10× today’s price, which takes it to 930k (0.4% 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.
  • 70k (3.5% 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.
  • 1.0M (50.0% 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
G6MATOptionsPrice-triggeredNil30 Sept 202630kFiling
G6MAROptionsPrice-triggered$0.5230 Apr 2027380kFiling
G6MAQOptionsPrice-triggered$1.0430 Apr 2028380kFiling
G6MAUOptionsPrice-triggeredNil19 July 202840kFiling
G6MAVPerformance rightsCondition-triggered——1.0MFiling Meeting
G6MAIWarrantsPrice-triggered$19.60—170kFiling

“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.

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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
18 Aug 2026Dale ElphinstoneSell on-market———$65k3Y notice
10 June 2026Christopher ELLISSell63.2M70k121k—3Y notice
10 June 2026Dale ElphinstoneSell57.4M—134k—3Y notice
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17 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

21 Aug 2026Change of Director's Interest Notice
3 Aug 2026Investor Presentation
29 July 2026$PReinstatement to Quotation
28 July 2026Statement of Confirmations
28 July 2026Application for quotation of securities - G6M
24 July 2026Proposed issue of securities - G6M
24 July 2026Prospectus
20 July 2026Application for quotation of securities - G6M
20 July 2026Application for quotation of securities - G6M
20 July 2026Application for quotation of securities - G6M
15 July 2026Proposed issue of securities - G6M
14 July 2026Investor Presentation - June 2026 Quarterly Results
13 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
10 July 2026Change of Director's Interest Notice
10 July 2026Notification regarding unquoted securities - G6M
3 July 2026Results of Meeting
11 June 2026Change of Director's Interest Notice x2
11 June 2026Notification of cessation of securities - G6M
2 June 2026Notice of General Meeting/Proxy Form
2 June 2026$PASX Listing Rule 10.1 Breaches and Remedial Action

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