Companies / MEX

MINERALS EXPLORATION LIMITED

ASX:MEXMaterials
192.0M shares on issueASX (delayed) · as of 28 July 2026$0.051price · delayed$9.8Mmarket cap · indicative
B
Dilution grade

Runway 2–4 quarters; options/rights overhang 8% of shares

Cash runway2.7 quarters of funding
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)0 cash raises
Options & rights overhang8.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MINERALS EXPLORATION LIMITED had 192M ordinary shares as of December 2025; there is only one share-count observation on record. The company has not lodged any new share-issuance (Appendix 2A) filings since January 2024 and recorded zero capital raises in the 24‑month window. Options and rights could convert into 16M new shares, equal to 8.2% of the current share count, with the nearest expiry in May 2027 and 0% in the money. At the June 2026 quarter the company reported A$2.6M in available cash, representing 2.7 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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8.2%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
2.7 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 192.0M per ASX (delayed) (28 July 2026).
190.1M190.8M191.5MDec 25Mar 26July 26

Cash runway

2.7 qtrs
Two to four quarters of funding at the recent spend rate.
$2.6M available cash at quarter ended 30 June 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 30 June 2026.
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Issuance timeline

Latest 1 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
22 Dec 20252A · quoted issueMEX : ORDINARY FULLY PAID192.0MAppendix 2A
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

No equity raises in the last 24 months.
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

8.2%
Total overhang · of current shares
0.0%
In the money · at current price
15.7M
Potential new shares
May 2027
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
19 Dec 2025Brett MitchellOther1.8M1.5M—3Y notice
19 Dec 2025Alexander PassmoreOther500k——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

26 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
19 July 2026$PSovereign Historic Gold Zones Reveal Key Drill Targets
3 July 2026Release of Securities from Voluntary Escrow
30 June 2026Director Retirement and Final Directors Interest Notice
22 June 2026$PWaitekauri - First Phase Drilling and High Grade Rock Chips
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
12 Mar 2026Half Year Report and Accounts
2 Mar 2026Appointment of Non-Executive Director
23 Feb 2026$PHigh Grade Rock Chips at Invincible Gold Project
11 Feb 2026$PFirst Scotia Drilling Defines Large Gold System
28 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
23 Dec 2025Cleansing Notice
22 Dec 2025Change of Directors Interest Notice x2
22 Dec 2025Application for quotation of securities - MEX
2 Dec 2025Investor Presentation - December 2025

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