GORILLA GOLD MINES LTD
ASX:GG8MaterialsToday’s holders own 97.1% of what they think they own, once every option and right converts.
Share count grew 31% in 24 months; 2 cash raises in 24 months; 1% of shares in the money; since relisting as GG8; prior history under LRL not included
GORILLA GOLD MINES LTD's ordinary share count grew 30.7% between February 2025 and March 2026, to 733M shares. The company raised capital twice in that period for total disclosed proceeds of A$56.7M, most recently a A$31.7M placement in October 2025. Options and rights on issue could convert into 22M new shares, equal to 3.0% of the current share count, of which 1% are in the money at the current share price; the nearest expiry falls in September 2029. At the June 2026 quarter the company reported A$19.6M in available cash, about 94.7 quarters of funding at its recent spending rate. No proposed securities issues are pending. The company previously traded as LRL and began trading as GG8 in February 2025; figures above cover only the period since the rename.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 1 Sept 2026 | 3G · unquoted | GG8 : ORDINARY FULLY PAID | 732.7M | Appendix 3G |
| 21 Apr 2026 | 3G · unquoted | GG8 : ORDINARY FULLY PAID | 732.7M | Appendix 3G |
| 21 Apr 2026 | 3G · unquoted | ORDINARY FULLY PAID | 732.7M | Appendix 3G |
| 21 Apr 2026 | 3H · cancellation | GG8 : ORDINARY FULLY PAID | 732.7M | Appendix 3H |
| 18 Mar 2026 | 2A · quoted issue | GG8 : ORDINARY FULLY PAID | 732.7M | Appendix 2A |
Capital raises
2 cash raises in the last 24 months · 1 in the last 12 months · counted since relisting as GG8 (3 Feb 2025); prior history under LRL is not included
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.
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.
Pending proposed issues
Options & convertible securities
- Price-triggered9.0M · 1.2% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered13.1M · 1.8% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 9.0M priced (of which 9.0M in the money), 13.1M 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.
At $0.32 today, 9.0M securities are in the money (1.2% of shares on issue) — a floor, because an exercise price is on record for only 40.8% of this supply. No price up to ten times today’s switches on any more priced supply.
- 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.
- 13.1M (59.2% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| GG8AE | Options | Price-triggered | $0.038 | 19 Sept 2029 | 3.0M | Filing |
| GG8AF | Options | Price-triggered | $0.058 | 19 Sept 2029 | 3.0M | Filing |
| GG8AG | Options | Price-triggered | $0.084 | 19 Sept 2029 | 3.0M | Filing |
| GG8AD | Performance rights | Condition-triggered | — | — | 13.1M | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 20 Apr 2026 | Craig Jones | Other incentive | — | — | 1.0M | $372k | 3Y notice |
| 9 July 2025 | Kelvin Flynn | Other incentive | 46.8M | 5.7M | — | — | 3Y notice |
| 2 July 2025 | Alex Hewlett | Other incentive | 6.8M | — | 4.5M | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.