Companies / KGL

KGL RESOURCES LIMITED

ASX:KGLMaterials
2.27B shares on issueASX (delayed) · snapshot 11 Sept 20262.27B fully diluted+0.1% if every option and right converts$0.18price · delayed$408.9Mmarket cap · indicative

Today’s holders own 99.9% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 250% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway59.3 quarters of funding
Share-count growth (24m)250.5%
Raise cadence (24m)4 cash raises
Options & rights overhang0.1% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

KGL RESOURCES LIMITED's ordinary share count grew 250.5% between August 2024 and August 2026, reaching 2.27B shares. The company raised capital four times in the past 24 months for total disclosed proceeds of A$319.4M, with the latest event being a A$300.0M Placement and Entitlement Offer in June 2026. Options and rights on issue could convert into 1M new shares, equal to 0.1% of the current share count, of which 0% are in the money; an expiry date for these securities is not on record. As of the June 2026 quarter, KGL RESOURCES LIMITED reported A$321.0M in available cash, sufficient to cover 59.4 quarters of operating expenses.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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0.1%
Options & rights overhang
In-the-money supply · no stated strikes
2
Raises · last 12 months
59.3 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 2.27B per ASX (delayed) (snapshot 11 Sept 2026).
1.0B1.5B2.0BDec 24Oct 25Sept 26Cash raise · 24 June 2026Cash raise · 28 Oct 2025Cash raise · 6 Mar 2025Cash raise · 5 Mar 20252.27B

Cash runway

59.3 qtrs
More than four quarters of funding at the recent spend rate.
More than three years of funding at the reported spend rate — far enough out that a dated estimate would be false precision.
$321.0M 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: $25.4M cash at quarter end (item 4.6), 4.7 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
5 Aug 20263H · cancellationKGL : ORDINARY FULLY PAID1.37BAppendix 3H
4 Aug 20262A · quoted issueKGL : ORDINARY FULLY PAID2.27BAppendix 2A
27 July 20262A · quoted issueKGL : ORDINARY FULLY PAID1.37BAppendix 2A
28 Apr 20262A · quoted issueKGL : ORDINARY FULLY PAID771.4MAppendix 2A
28 Apr 20263G · unquotedKGL : ORDINARY FULLY PAID770.9MAppendix 3G

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (1.37B) need not equal the current count above (2.27B).

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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

4 cash raises in the last 24 months · 2 in the last 12 months

every 5.2 monthsaverage gap between raises
2.6 monthssince the most recent
5 Mar 202524 June 2026first to most recent in this window
$300.0M
Placement and Entitlement Offer
24 June 2026 COMPLETE
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4 raises 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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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 25% of the 15% placement capacity left — about 75% 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

0.1%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
1.3M
Potential new shares
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 1.3M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
KGLAJPerformance rightsCondition-triggered1.3MFiling 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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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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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
5 Aug 2026Ferdian PurnamasidiBuy placement1.5M3Y notice
5 Aug 2026Jeffrey GerardBuy placement3.5M3Y notice
5 Aug 2026Lindi DeguaraBuy placement125k3Y notice
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7 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

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