Companies / MGT

MAGNETITE MINES LIMITED.

ASX:MGTMaterials
229.0M shares on issueASX (delayed) · as of 28 July 2026$0.018price · delayed$4.1Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 124% in 24 months; 7 cash raises in 24 months

Cash runway1.8 quarters of funding
Share-count growth (24m)124.1%
Raise cadence (24m)7 cash raises
Options & rights overhang174.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MAGNETITE MINES LIMITED. listed in April 2006. Its ordinary share count grew 124.1% between July 2024 and July 2026, to 229M shares. The company completed seven capital raises in the 24-month window for total disclosed proceeds of A$15.1M, most recently a Renounceable Rights Issue in March 2026 that raised A$1.2M. Options and rights on issue could convert into 399M new shares, equal to 174.3% of the current share count, with 0% in the money at present and the nearest expiry in October 2027. At the March 2026 quarter the company reported A$1.2M in cash, covering about 1.8 quarters. 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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174.3%
Max option dilution
0.0%
ITM option dilution
4
Raises · last 12 months
1.8 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 229.0M per ASX (delayed) (28 July 2026).
139.2M172.2M205.1MDec 24Sept 25July 26Cash raise · 3 Mar 2026Cash raise · 2 Mar 2026Cash raise · 8 Aug 2025Cash raise · 7 Aug 2025Cash raise · 23 May 2025Cash raise · 10 Jan 2025

Cash runway

1.8 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$1.2M 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
2 July 20262A · quoted issueMGT : ORDINARY FULLY PAID229.0MAppendix 2A
26 June 20262A · quoted issueMGT : ORDINARY FULLY PAID227.9MAppendix 2A
26 June 20263H · cancellationMGT : ORDINARY FULLY PAID227.0MAppendix 3H
3 May 20262A · quoted issueMGT : ORDINARY FULLY PAID227.0MAppendix 2A
2 Apr 20262A · quoted issueMGT : ORDINARY FULLY PAID225.5MAppendix 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

7 cash raises in the last 24 months · 4 in the last 12 months

$1.2M
Renounceable Rights Issue
3 Mar 2026 COMPLETE
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

174.3%
Total overhang · of current shares
0.0%
In the money · at current price
399.3M
Potential new shares
Oct 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
2 July 2026Paul WhiteOther818k—$23k3Y notice
2 July 2026Simon Charles WandkeOther273k—$8k3Y notice
1 Apr 2026Paul WhiteOther844k375k$15k3Y 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

3 July 2026Section 708A(5)(e) Notice
3 July 2026Appendix 3Y - Change of Directors' Interest Notice x 2
2 July 2026Application for quotation of securities - MGT
1 July 2026Appointment of New Chair
26 June 2026Notification of cessation of securities - MGT
26 June 2026Application for quotation of securities - MGT
21 June 2026$PIronback Hill Rare Earths Drilling Results
29 May 2026Results of EGM
28 May 2026Chair's address to the EGM
26 May 2026Manna Hill Desktop Review Identifies Historic Gold Targets
26 May 2026Appendix 3X - Scott Lowe
26 May 2026Appendix 3Z - Final Director's Interest Notice - Tim Dobson
26 May 2026$PLeadership Transition and Strategic Reset
3 May 2026Application for quotation of securities - MGT
3 May 2026GC Partners Asia Appointed as Corporate Advisors
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
21 Apr 2026Notice of Extraordinary General Meeting/Proxy Form
20 Apr 2026Drilling Commences at the Ironback Hill REE Project
2 Apr 2026Section 708A(5)(e) Notice
2 Apr 2026Appendix 3Y - Change of Directors' Interest Notice x 3

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