MATSA RESOURCES LIMITED
ASX:MATMaterialsSuspended from quotationToday’s holders own 89.1% of what they think they own, once every option and right converts.
Not rated — the company is suspended from quotation
This company is suspended from ASX quotation. Scoring is paused until it resumes trading. Not rated means no assessment — not low risk.
MATSA RESOURCES LIMITED's ordinary share count grew 49.4% between September 2024 and July 2026, its latest share-count filing, to 971M shares. The company completed 2 capital raises in the 24-month window for total proceeds of A$13.1M, most recently a A$10.0M placement in October 2025. Options and rights on issue could convert into 119M new shares, equal to 12.2% of the current share count; none are in the money at the current share price, and the nearest expiry falls in September 2027. On funding, the company notes that at the reported spend rate the reported cash would since have 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 · 5
When did MAT last raise capital?
The last capital raise in Matsa Resources's filings is Placement of $10.0M announced 1 Oct 2025, one of 2 cash raises in 24 months.
How much placement capacity does MAT have left?
About 99% of the 15% placement capacity left, about 1% 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 MAT have?
In its quarterly cash report for the quarter ended 30 June 2026, Matsa Resources reported $6.2M of cash and estimated 0.9 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do MAT's options expire?
Unexercised options and rights equal 12.2% of Matsa Resources's shares on issue; the nearest expiry is Sept 2027.
How much has MAT's share count grown?
Matsa Resources has 971.2M shares on issue as at 28 Oct 2026, up 49.4% 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 |
|---|---|---|---|---|
| 3 July 2026 | 2A · quoted issue | MAT : ORDINARY FULLY PAID | 971.2M | Appendix 2A |
| 22 Apr 2026 | 2A · quoted issue | MAT : ORDINARY FULLY PAID | 971.2M | Appendix 2A |
| 23 Mar 2026 | 2A · quoted issue | MAT : ORDINARY FULLY PAID | 971.1M | Appendix 2A |
| 11 Mar 2026 | 2A · quoted issue | MAT : ORDINARY FULLY PAID | 971.0M | Appendix 2A |
| 11 Feb 2026 | 2A · quoted issue | MAT : ORDINARY FULLY PAID | 957.5M | Appendix 2A |
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 · 0 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
At $0.047 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 86.7M (8.9% 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.
- 9.0M (7.6% 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 |
|---|---|---|---|---|---|---|
| MATAS | Options | Price-triggered | $0.050 | 30 Sept 2027 | 86.7M | Filing |
| MATAC | Options | Price-triggered | $0.13 | 30 Sept 2028 | 22.9M | Filing |
| MATAA | Options | Price-triggered, no exercise price stated | — | — | 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 |
|---|---|---|---|---|---|---|---|
| 28 Jan 2026 | Pascal Blampain | Buy | 333k | — | — | $23k | 3Y notice |
| 20 Jan 2026 | Paul Poli | Sell | 333k | — | — | $23k | 3Y notice |
| 14 Jan 2026 | Andrew Chapman | Sell on-market | 300k | — | — | $43k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.