MAVERICK MINERALS AUSTRALIA LTD
ASX:M96MaterialsToday’s holders own 60.1% of what they think they own, once every option and right converts.
Options/rights overhang 66% of shares; runway 4–8 quarters; 2 cash raises in 24 months; since relisting as M96; prior history under CR9 not included
Between June 2026 and September 2026, its latest share-count filing, MAVERICK MINERALS AUSTRALIA LTD's ordinary shares rose 2.6% to 1.85B. All share and raise figures cover only the period since the company renamed from CR9 and began trading as M96 in June 2026. It raised capital twice for total proceeds of A$6.0M, most recently a A$5.0M placement in April 2026. Options and rights on issue could convert into 1.23B new shares, equal to 66.3% of the current share count, of which 53% are in the money; the nearest expiry is April 2028. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 3
When did M96 last raise capital?
The last capital raise in Maverick Minerals Australia's filings is Placement of $5.0M announced 27 Apr 2026, one of 2 cash raises in 24 months.
How much cash does M96 have?
In its quarterly cash report for the quarter ended 30 June 2026, Maverick Minerals Australia reported $5.3M of cash and estimated 11.8 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do M96's options expire?
Unexercised options and rights equal 66.3% of Maverick Minerals Australia's shares on issue; the nearest expiry is Apr 2028.
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 |
|---|---|---|---|---|
| 16 Sept 2026 | 2A · quoted issue | M96 : ORDINARY FULLY PAID | 1.85B | Appendix 2A |
| 21 Aug 2026 | 2A · quoted issue | M96 : ORDINARY FULLY PAID | 1.85B | Appendix 2A |
| 21 Aug 2026 | 3G · unquoted | ORDINARY FULLY PAID | 1.80B | Appendix 3G |
| 25 June 2026 | 2A · quoted issue | M96 : ORDINARY FULLY PAID | 1.80B | Appendix 2A |
| 25 June 2026 | 3G · unquoted | M96 : ORDINARY FULLY PAID | 1.59B | 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
2 cash raises in the last 24 months · 2 in the last 12 months · counted since relisting as M96 (22 June 2026); prior history under CR9 is not included
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
At $0.005 today, 984.7M securities are in the money (53.3% of shares on issue). No more priced supply until 5× today’s price, which takes it to 1.23B (66.3% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| M96AH | Options | Price-triggered | $0.002 | 10 Apr 2028 | 121.6M | Filing |
| M96AI | Options | Price-triggered | $0.002 | 28 Apr 2028 | 328.1M | Filing |
| M96AJ | Options | Price-triggered | $0.002 | 6 Nov 2028 | 200.0M | Filing |
| M96AA | Options | Price-triggered | $0.020 | 25 Dec 2028 | 240.8M | Filing |
| M96AK | Options | Price-triggered | $0.004 | 23 Feb 2029 | 335.0M | 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
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.