Companies / GBM

GBM RESOURCES LIMITED.

ASX:GBMMaterials
4.91B shares on issueASX (delayed) · snapshot 11 Sept 20265.35B fully diluted+8.9% if every option and right converts$0.023price · delayed$112.9Mmarket cap · indicative

Today’s holders own 91.8% of what they think they own, once every option and right converts.

Low
Dilution riskprovisional — limited history

Runway 4–8 quarters; share count grew 9% in 24 months; 8% of shares in the money; since relisting as GBM; prior history under GBZ not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway4.2 quarters of funding
Share-count growth (24m)8.6%since relisting as GBM; prior history under GBZ not included
Raise cadence (24m)1 cash raisesince relisting as GBM; prior history under GBZ not included
Options & rights overhang8.9% of shares
In-the-money supply7.6% of shares
Pending proposed issuesnone

GBM RESOURCES LIMITED. ordinary share count grew 8.6% between December 2025 and March 2026, to 4.91B shares. The company raised A$8.1M via a placement in December 2025. Options and rights on issue could convert into 437M new shares, equal to 8.9% of the current share count, of which 8% are in the money; the nearest expiry falls in December 2026. At the June 2026 quarter the company reported A$26.5M in available cash, covering 4.2 quarters of its recent spending rate. No proposed securities issues are pending. The company is trading as GBM only since December 2025 after a rename from GBZ.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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8.9%
Options & rights overhang
7.6%
In-the-money supply
1
Raises · last 12 months
4.2 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. Shown since relisting as GBM (8 Dec 2025); prior history under GBZ is not included. Latest count 4.91B per ASX (delayed) (snapshot 11 Sept 2026).
4.5B4.6B4.7B4.8B4.9BDec 25Apr 26Sept 26Cash raise · 19 Dec 20254.91B

Cash runway

4.2 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about July 2027 at the reported spend rate.
$26.5M 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: $31.7M cash at quarter end (item 4.6), 7.0 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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3 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
19 Mar 20263H · cancellationGBM : ORDINARY FULLY PAID4.91BAppendix 3H
16 Mar 20262A · quoted issueGBM : ORDINARY FULLY PAID4.91BAppendix 2A
4 Mar 20262A · quoted issueGBM : ORDINARY FULLY PAID4.87BAppendix 2A
2 Mar 20262A · quoted issueGBM : ORDINARY FULLY PAID4.75BAppendix 2A
27 Feb 20262A · quoted issueGBM : ORDINARY FULLY PAID4.75BAppendix 2A
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12 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

1 cash raise in the last 24 months · 1 in the last 12 months · counted since relisting as GBM (8 Dec 2025); prior history under GBZ is not included

$8.1M
Placement
19 Dec 2025
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1 raise 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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7 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.

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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

8.9%
Options & rights overhang · of current shares
7.6%
In-the-money supply · at current price
437.2M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
218.6M437.2M$0.023 now0.25× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.011) — 191.7M of the priced supply in the money, 3.9% of shares on issue0.75× today ($0.017) — 283.3M of the priced supply in the money, 5.8% of shares on issue1× today ($0.023) — 375.0M of the priced supply in the money, 7.6% of shares on issue1.25× today ($0.029) — 375.0M of the priced supply in the money, 7.6% of shares on issue1.5× today ($0.035) — 425.0M of the priced supply in the money, 8.7% of shares on issue2× today ($0.046) — 425.0M of the priced supply in the money, 8.7% of shares on issue3× today ($0.069) — 429.2M of the priced supply in the money, 8.7% of shares on issue5× today ($0.115) — 437.2M of the priced supply in the money, 8.9% of shares on issue10× today ($0.230) — 437.2M of the priced supply in the money, 8.9% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.023 today, 375.0M securities are in the money (7.6% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 425.0M (8.7% 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
GBMANOptionsPrice-triggered$0.0691 Dec 20268.0MFiling
GBMAPOptionsPrice-triggered$0.06119 Feb 20274.2MFiling
GBMAUOptionsPrice-triggered$0.00930 June 2028100.0MFiling
GBMAWOptionsPrice-triggered$0.01030 June 202891.7MFiling
GBMAVOptionsPrice-triggered$0.01530 June 202891.7MFiling
GBMAXOptionsPrice-triggered$0.02030 June 202891.7MFiling
GBMAYOptionsPrice-triggered$0.03011 Aug 202850.0MFiling

“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.

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.
  • GBMATCondition-triggered15.0M securities → 02 Feb 2026 Appendix 2A
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7 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
4 Mar 2026Mr. Liu HangOther placement95.3M——$5.1M3Y notice
2 Feb 2026Andrew KrelleOther15.0M———3Y notice
2 Feb 2026Loh Guan HuatOther2.8M——$42k3Y notice
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5 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

12 Aug 2026$PProspective Gold Host Confirmed 700m Beyond 309 Deposit
30 July 2026$PJune 2026 Quarterly Report
22 July 2026Corporate Presentation - Noosa Mining Conference
20 July 2026Drilling Program Commenced at Yandan Gold Project
19 July 2026$PResource Extensions and Grade Upside Confirmed at Twin Hills
19 May 2026$PHigh Grade Gold Extends East of 309 Resource at Twin Hills
29 Apr 2026$PMarch 2026 Quarterly Report
21 Apr 2026$PMore High Grade Gold Outside of Resource at Twin Hills
19 Mar 2026Notification of cessation of securities - GBM
16 Mar 2026Notice under Section 708A
16 Mar 2026Application for quotation of securities - GBM
13 Mar 2026Half Year Accounts
5 Mar 2026Change of Director's Interest Notice
5 Mar 2026Change in substantial holding
4 Mar 2026Notice under Section 708A
4 Mar 2026Application for quotation of securities - GBM
4 Mar 2026Results of Meeting
2 Mar 2026Notice under Section 708A
2 Mar 2026Application for quotation of securities - GBM
27 Feb 2026Notice under Section 708A

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