Companies / MEG

MEGADO MINERALS LTD

ASX:MEGMaterials
720.7M shares on issueASX (delayed) · as of 28 July 2026$0.020price · delayed$13.7Mmarket cap · indicative
D
Dilution grade

Share count grew 146% in 24 months; runway 2–4 quarters; options/rights overhang 62% of shares

Cash runway2.9 quarters of funding
Share-count growth (24m)146.4%
Raise cadence (24m)2 cash raises
Options & rights overhang62.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MEGADO MINERALS LTD's ordinary share count grew 146.4% between November 2024 and April 2026, to 721M shares. The company completed two capital raises in that 24-month window for total proceeds of A$2.4M, most recently raising A$1.6M in April 2026. Options and rights could convert into 450M new shares, equal to 62.5% of the current share count, with none in the money and the nearest expiry in October 2026. At the March 2026 quarter the company reported A$2.0M in cash, equivalent to 2.9 quarters of cover. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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62.5%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
2.9 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 720.7M per ASX (delayed) (28 July 2026).
398.7M516.9M635.1MDec 24Sept 25July 26Cash raise · 8 Apr 2026Cash raise · 2 July 2025

Cash runway

2.9 qtrs
Two to four quarters of funding at the recent spend rate.
$2.0M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
29 Apr 20263H · cancellationMEG : ORDINARY FULLY PAID720.7MAppendix 3H
21 Apr 20262A · quoted issueMEG : ORDINARY FULLY PAID720.7MAppendix 2A
9 Mar 20263G · unquotedMEG : ORDINARY FULLY PAID645.7MAppendix 3G
2 Mar 20263G · unquotedMEG : ORDINARY FULLY PAID645.7MAppendix 3G
17 July 20253G · unquotedMEG : ORDINARY FULLY PAID645.7MAppendix 3G
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

2 cash raises in the last 24 months · 1 in the last 12 months

$1.6M
Capital raise
8 Apr 2026
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

62.5%
Total overhang · of current shares
0.0%
In the money · at current price
450.5M
Potential new shares
Oct 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
13 June 2025Bradley DrabschOther—2—3Y notice
13 June 2025Aaron BertolattiOther———3Y notice
13 June 2025Anthony HallOther—10—3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

21 July 2026$PAlpartir Silver-Copper-Antimony Project Progressing
21 July 2026Corporate presentation - July 2026
14 July 2026$PDrilling Commences at Iberian Copper Project
1 June 2026$PMegado Advances Target Definition and Drill Readiness
7 May 2026Results of Annual General Meeting
29 Apr 2026Notification of cessation of securities - MEG
23 Apr 2026$PQuarterly Activities Report & Appendix 5B
23 Apr 2026Ceasing to be a substantial holder
21 Apr 2026Section 708A Notice - Share Issue
21 Apr 2026Application for quotation of securities - MEG
10 Apr 2026Proposed issue of securities - MEG
10 Apr 2026$PMEG Raises A$1.65M to Progress Iberian Copper Project
8 Apr 2026$PTrading Halt
6 Apr 2026Notice of Annual General Meeting/Proxy Form
27 Mar 2026Annual Report - 31 December 2025
27 Mar 2026Appendix 4G and Corporate Governance Statement
9 Mar 2026Notification regarding unquoted securities - MEG
8 Mar 2026Corporate Presentation - March 2026
3 Mar 2026$PIberian Copper Project High-Grade Copper-Silver Rock Assays
2 Mar 2026Initial Director's Interest Notice

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.