GOLDEN DEEPS LIMITED.

ASX:GEDMaterials

228.0M shares on issueASX (delayed) · snapshot 11 Sept 2026272.1M fully diluted+19.3% if every option and right converts$0.057price · delayed$13.0Mmarket cap · indicative

Today’s holders own 83.8% of what they think they own, once every option and right converts.

Low

Dilution risk

Share count grew 88% in 24 months; options/rights overhang 19% of shares

Absolute levels — not a ranking against other companies.

Cash runway11.6 quarters of funding

Share-count growth (24m)88.0%

Raise cadence (24m)0 cash raises

Options & rights overhang19.3% of shares

In-the-money supplyno data — no exercise price on record

Pending proposed issuesnone

GOLDEN DEEPS LIMITED.'s ordinary share count grew 88.0% between July 2024 and November 2025, to 228M shares. The company has not raised capital in the past 24 months, and no proposed securities issues are pending. Options and rights on issue could convert into 44M new shares, equal to 19.3% of the current share count, with the nearest expiry in October 2029; none are currently in the money. At the June 2026 quarter the company reported A$4.0M in available cash, sufficient for 11.7 quarters of its recent expenditure.

AI-generated summary of this page's cited filings · updated 3 Sept 2026

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19.3%

Options & rights overhang

—

In-the-money supply · no stated strikes

Raises · last 12 months

11.6 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 228.0M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

11.6 qtrs

More than four quarters of funding at the recent spend rate.

Funds operations to about May 2029 at the reported spend rate.

$4.0M 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: $4.3M cash at quarter end (item 4.6), 12.5 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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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)

Date	Form	Security	On issue, per this filing	Source
28 Nov 2025	2A · quoted issue	GED : ORDINARY FULLY PAID	221.4M	Appendix 2A
28 Nov 2025	2A · quoted issue	GED : ORDINARY FULLY PAID	228.0M	Appendix 2A
27 Oct 2025	2A · quoted issue	GED : ORDINARY FULLY PAID	221.4M	Appendix 2A
7 Apr 2025	2A · quoted issue	GED : ORDINARY FULLY PAID	177.1M	Appendix 2A
4 Feb 2025	2A · quoted issue	GED : ORDINARY FULLY PAID	154.0M	Appendix 2A

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9 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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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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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 15% placement capacity left — all of it used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. 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

19.3%

Options & rights overhang · of current shares

—

In-the-money supply · no stated strikes

44.0M

Potential new shares

Oct 2029

Nearest expiry

What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 44.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

Code	Security	Type	Exercise price	Expiry	On issue	Source
GEDO	Options	Price-triggered	—	31 Oct 2029	44.0M	Filing

“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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