GREAT WESTERN EXPLORATION LIMITED.
ASX:GTEMaterialsToday’s holders own 97.7% of what they think they own, once every option and right converts.
Share count grew 60% in 24 months; runway 2–4 quarters; 1 cash raise in 24 months
GREAT WESTERN EXPLORATION LIMITED.'s ordinary share count grew 60.1% between October 2024 and April 2026, its latest share-count filing, to 778M shares. The company raised capital once in the past 24 months, a A$3.7M Placement in February 2026. Options and rights on issue could convert into 18M new shares, equal to 2.4% of the current share count, none of which are in the money; the nearest expiry falls in June 2027. The company has 2 to 4 quarters of funding at the recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.
Quick answers · 5
Is GTE raising capital?
Great Western Exploration has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $3.7M on 5 Feb 2026.
How much placement capacity does GTE 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 GTE have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Great Western Exploration reported $2.3M of cash and estimated 2.3 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do GTE's options expire?
Unexercised options and rights equal 2.4% of Great Western Exploration's shares on issue; the nearest expiry is June 2027.
How much has GTE's share count grown?
Great Western Exploration has 777.6M shares on issue as at 28 Oct 2026, up 60.1% over 24 months according to its Appendix 2A filings.
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 |
|---|---|---|---|---|
| 7 Apr 2026 | 2A · quoted issue | GTE : ORDINARY FULLY PAID | 777.6M | Appendix 2A |
| 7 Apr 2026 | 3G · unquoted | GTE : ORDINARY FULLY PAID | 776.1M | Appendix 3G |
| 27 Mar 2026 | 2A · quoted issue | GTE : ORDINARY FULLY PAID | 776.1M | Appendix 2A |
| 13 Feb 2026 | 2A · quoted issue | GTE : ORDINARY FULLY PAID | 709.6M | Appendix 2A |
| 14 Aug 2025 | 3H · cancellation | GTE : ORDINARY FULLY PAID | 567.8M | Appendix 3H |
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
1 cash raise in the last 24 months · 1 in the last 12 months
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
No option supply on record carries an exercise price to pay, so no share price switches any of it on. 9.4M of it states a NIL exercise price — nothing is paid to convert that, so it converts at any price. The other 9.0M 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 |
|---|---|---|---|---|---|---|
| GTEAT | Options | Price-triggered | Nil | 24 June 2027 | 3.5M | Filing |
| GTEAV | Options | Price-triggered | Nil | 14 Sept 2027 | 3.2M | Filing |
| GTEAD | Options | Price-triggered | Nil | 12 Sept 2028 | 750k | Filing |
| GTEAU | Options | Price-triggered | Nil | 7 Feb 2029 | 2.0M | Filing |
| — | Options | Price-triggered, no exercise price stated | — | 30 Sept 2029 | 9.0M | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 2 Apr 2026 | Shane Pike | Other incentive | 1.5M | 2.0M | — | — | 3Y notice |
| 27 Mar 2026 | Grey Egerton-Warburton | Other placement | 8.3M | — | — | — | 3Y notice |
| 27 Mar 2026 | Kevin Clarence Somes | Other placement | 2.8M | — | — | — | 3Y notice |
| 27 Mar 2026 | Ross Williams | Other placement | 8.3M | — | — | — | 3Y notice |
| 27 Mar 2026 | Shane Pike | Other placement | 833k | 3.5M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.