MAMMOTH MINERALS LIMITED
ASX:M79MaterialsToday’s holders own 83.9% of what they think they own, once every option and right converts.
Runway under 2 quarters; options/rights overhang 19% of shares; share count grew 13% in 24 months; since relisting as M79; prior history under FTL not included
Mammoth Minerals Limited (trading as M79 only since August 2025 after a rename from FTL) reported a share count of 559M as of December 2025; the filed share-count series ends earlier, so growth over its window is not stated. In the past 24 months it raised A$7.5M in a single placement in December 2025. Options on issue could convert into 107M new shares, equal to 19.2% of current shares; none are in the money and the nearest expiry is March 2027. At the reported spend rate the reported cash has since been used up and no later cash report is on record, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 4
When did M79 last raise capital?
The last capital raise in Mammoth Minerals's filings is Placement of $7.5M announced 3 Dec 2025, one of 1 cash raises in 24 months.
How much placement capacity does M79 have left?
About 83% of the 15% placement capacity left, about 17% used in 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 M79 have?
In its quarterly cash report for the quarter ended 30 June 2026, Mammoth Minerals reported $2.0M of cash and estimated 1.0 quarter of funding available at its current rate of spending. That is the company's own estimate.
When do M79's options expire?
Unexercised options and rights equal 19.2% of Mammoth Minerals's shares on issue; the nearest expiry is Mar 2027.
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 |
|---|---|---|---|---|
| 18 Sept 2026 | 3H · cancellation | M79 : ORDINARY FULLY PAID | 558.9M | Appendix 3H |
| 11 Dec 2025 | 2A · quoted issue | M79 : ORDINARY FULLY PAID | 557.0M | Appendix 2A |
| 11 Dec 2025 | 2A · quoted issue | M79 : ORDINARY FULLY PAID | 496.0M | Appendix 2A |
| 11 Dec 2025 | 2A · quoted issue | M79 : ORDINARY FULLY PAID | 494.9M | Appendix 2A |
| 11 Dec 2025 | 3G · unquoted | M79 : ORDINARY FULLY PAID | 494.5M | Appendix 3G |
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 · counted since relisting as M79 (11 Aug 2025); prior history under FTL 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 · drilling and field programs (planned)
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-triggered97.4M · 17.4% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered9.8M · 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: 35.0M priced, 62.4M at a stated nil price, 9.8M 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.
At $0.030 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 35.0M (6.3% 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.
- 62.4M (58.2% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
- 9.8M (9.2% 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 |
|---|---|---|---|---|---|---|
| M79AK | Options | Price-triggered | $0.10 | 25 Mar 2027 | 25.0M | Filing |
| M79AS | Options | Price-triggered | $0.10 | 12 Aug 2027 | 10.0M | Filing |
| M79AT | Options | Price-triggered | Nil | 29 Aug 2028 | 54.4M | Filing |
| M79AU | Options | Price-triggered | Nil | 11 Dec 2028 | 8.0M | Filing |
| M79AQ | Performance rights | Condition-triggered | — | — | 400k | Filing |
| M79AR | Performance rights | Condition-triggered | — | — | 400k | Filing |
| M79AP | Performance rights | Condition-triggered | — | — | 500k | Filing |
| M79AM | Performance rights | Condition-triggered | — | — | 1.5M | Filing |
| M79AN | Performance rights | Condition-triggered | — | — | 2.4M | Filing |
| M79AO | Performance rights | Condition-triggered | — | — | 4.7M | 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.
- M79AHCondition-triggered918k securities → 018 Sept 2026 Appendix 2A
- M79AICondition-triggered918k securities → 018 Sept 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 18 Sept 2026 | Simon Lawson | Sell incentive | 3.5M | 8.0M | 400k | — | 3Y notice |
| 11 Dec 2025 | Glenn Poole | Other incentive | 1.5M | — | — | — | 3Y notice |
| 11 Dec 2025 | Kevin Puil | Other | — | 8.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.