GORILLA GOLD MINES LTD
ASX:GG8MaterialsToday’s holders own 97.1% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 31% in 24 months; 2 cash raises in 24 months; since relisting as GG8; prior history under LRL not included
GORILLA GOLD MINES LTD's share-count figures cover only the period since it became GG8 in February 2025 after renaming from LRL. Between February 2025 and March 2026, its ordinary share count grew 30.7% to 733M. The company completed 2 capital raises in the past 24 months for total proceeds of A$56.7M, the most recent a A$31.7M placement in October 2025. Options and rights could convert into 22M new shares, representing a 3.0% overhang; 1% of current shares are in the money, with the nearest expiry in September 2029. The company has under 2 quarters of funding at the recent spend rate, based on its June 2026 quarter. No proposed securities issues are pending.
Quick answers · 4
When did GG8 last raise capital?
The last capital raise in Gorilla Gold Mines's filings is Placement of $31.7M announced 22 Oct 2025, one of 2 cash raises in 24 months.
How much placement capacity does GG8 have left?
None of the 15% placement capacity counted as used in the last 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 GG8 have?
In its quarterly cash report for the quarter ended 30 June 2026, Gorilla Gold Mines reported $19.8M of cash and estimated 2.0 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do GG8's options expire?
Unexercised options and rights equal 3% of Gorilla Gold Mines's shares on issue; the nearest expiry is Sept 2029.
Shares on issue — last 2 years
Cash runway
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)
| 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 |
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.
Capital raises
2 cash raises in the last 24 months · 0 in the last 12 months · counted since relisting as GG8 (3 Feb 2025); prior history under LRL is not included
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- by end 2026 · Ongoing drilling results expected (results due)
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 / 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.
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 $0.25 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. For what expires soon across other listed companies, see the options expiry calendar.
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 28 Oct 2026.