Companies / KFM

KINGFISHER MINING LTD

ASX:KFMMaterials
104.1M shares on issueASX (delayed) · snapshot 11 Sept 2026138.6M fully diluted+33.1% if every option and right converts$0.078price · delayed$8.1Mmarket cap · indicative

Today’s holders own 75.1% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 56% in 24 months; options/rights overhang 33% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.3 quarters of funding
Share-count growth (24m)56.0%
Raise cadence (24m)1 cash raise
Options & rights overhang33.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

KINGFISHER MINING LTD's ordinary share count grew 56.0% between August 2025 and December 2025, to 104M shares. The company raised capital once in the past 24 months for disclosed proceeds of A$1.9M, via a Placement and Rights Issue in July 2025. Options and rights on issue could convert into 34M new shares, equal to 33.1% of the current share count, with the nearest expiry in September 2028. At the June 2026 quarter the company reported A$723K in available cash, about 1.4 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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33.1%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
1.3 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 104.1M per ASX (delayed) (snapshot 11 Sept 2026).
50M75M100MDec 24Oct 25Sept 26Cash raise · 22 July 2025104.1M

Cash runway

1.3 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Oct 2026 at the reported spend rate.
$717k 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: $1.2M cash at quarter end (item 4.6), 2.2 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)

DateFormSecurityOn issue, per this filingSource
22 May 20263G · unquotedKFM : ORDINARY FULLY PAID104.1MAppendix 3G
10 Dec 20252A · quoted issueKFM : ORDINARY FULLY PAID104.1MAppendix 2A
8 Dec 20253H · cancellationKFM : ORDINARY FULLY PAID100.1MAppendix 3H
24 Nov 20252A · quoted issueKFM : ORDINARY FULLY PAID100.1MAppendix 2A
24 Nov 20253G · unquotedKFM : ORDINARY FULLY PAID86.0MAppendix 3G
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13 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 · 0 in the last 12 months

$1.9M
Placement and Rights Issue
22 July 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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8 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.

About 89% of the 15% placement capacity left — about 11% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). 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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
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1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

33.1%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
34.5M
Potential new shares
Sept 2028
Nearest expiry
What this supply is, and what converts it
  • Price-triggered29.7M · 28.5% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered4.8M · 4.6% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 29.7M priced, 4.8M 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.

What a price move would switch on
17.2M34.5M$0.078 now0.25× today ($0.019) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.039) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.058) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.078) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.098) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.117) — 29.7M of the priced supply in the money, 28.5% of shares on issue2× today ($0.156) — 29.7M of the priced supply in the money, 28.5% of shares on issue3× today ($0.234) — 29.7M of the priced supply in the money, 28.5% of shares on issue5× today ($0.390) — 29.7M of the priced supply in the money, 28.5% of shares on issue10× today ($0.780) — 29.7M of the priced supply in the money, 28.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.078 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 29.7M (28.5% 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.
  • 4.8M (13.9% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
KFMAJOptionsPrice-triggered$0.102 Sept 20289.7MFiling
KFMALOptionsPrice-triggered$0.1030 Oct 20286.5MFiling
KFMAMOptionsPrice-triggered$0.1024 Nov 202813.5MFiling
—Performance rightsCondition-triggered—22 May 2030825kFiling Meeting
—Performance rightsCondition-triggered—22 May 2030825kFiling Meeting
—Performance rightsCondition-triggered—22 May 2030825kFiling Meeting
—Performance rightsCondition-triggered—22 May 2030825kFiling Meeting
KFMAKPerformance rightsCondition-triggered——1.5MFiling Meeting

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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8 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
5 Dec 2025Scott HuffadineSell—500k——3Y notice
5 Dec 2025Stephen BrockhurstSell—150k——3Y notice
5 Dec 2025Warren HallamSell—500k——3Y notice
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10 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

9 Sept 2026Appendix 4G
9 Sept 2026Corporate Governance Statement
9 Sept 2026Annual Report to shareholders
31 Aug 2026$PHigh-Grade Ag-Pb-Zn Results at Stephens Trig
27 Aug 2026Date of AGM & Closing Date for Director Nominations
17 Aug 2026$PDrilling Confirms High-Grade Pb-Zn-Ag at Allendale
11 Aug 2026Details of Company Address
30 July 2026Change in substantial holding
30 July 2026Becoming a substantial holder
28 July 2026$PInvestor Presentation
26 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
13 July 2026$PHigh-Grade Copper Intercepts at Copper Blow
16 June 2026$PBroken Hill Project Update
22 May 2026Notification regarding unquoted securities - KFM
27 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
19 Apr 2026$PDrilling Recommences at Copper Blow
31 Mar 2026Proposed issue of securities - KFM
31 Mar 2026Completion of Gascoyne REE Project Divestment
3 Mar 2026$PKFM & Broken Hill Mines Enter Mining & Processing Agreement
1 Mar 2026$PKingfisher to Divest Gascoyne REE Project to Dreadnought

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