Companies / MGU

MAGNUM MINING AND EXPLORATION LIMITED

ASX:MGUMaterials
3.21B shares on issueASX (delayed) · as of 28 July 2026$0.006price · delayed$20.9Mmarket cap · indicative
D
Dilution grade

Share count grew 297% in 24 months; 3 cash raises in 24 months; options/rights overhang 52% of shares

Cash runway4.5 quarters of funding
Share-count growth (24m)297.0%
Raise cadence (24m)3 cash raises
Options & rights overhang51.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

MAGNUM MINING AND EXPLORATION LIMITED's ordinary share count grew 297.0% between January 2024 and February 2026, to 3.21B shares. The company raised capital three times in that period for total disclosed proceeds of A$16.4M, most recently a A$7.0M placement in October 2025. Options and rights on issue could convert into 1.67B new shares, equal to 51.9% of the current share count, with 0% in the money at the current share price; the nearest expiry is May 2028. At the March 2026 quarter the company reported A$3.8M in available cash, about 4.5 quarters of funding at its recent spending rate. 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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51.9%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
4.5 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 3.21B per ASX (delayed) (28 July 2026).
1.31B2.01B2.71BDec 24Sept 25July 26Cash raise · 13 Oct 2025Cash raise · 8 Oct 2025Cash raise · 2 June 2025

Cash runway

4.5 qtrs
More than four quarters of funding at the recent spend rate.
$3.8M 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
16 July 20263G · unquotedMGU : ORDINARY FULLY PAID3.21BAppendix 3G
28 May 20263G · unquotedMGU : ORDINARY FULLY PAID3.21BAppendix 3G
2 Feb 20262A · quoted issueMGU : ORDINARY FULLY PAID3.21BAppendix 2A
14 Jan 20262A · quoted issueMGU : ORDINARY FULLY PAID3.19BAppendix 2A
24 Dec 20253G · unquotedMGU : ORDINARY FULLY PAID2.80BAppendix 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

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

$7.0M
Placement
13 Oct 2025 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

51.9%
Total overhang · of current shares
0.0%
In the money · at current price
1.67B
Potential new shares
May 2028
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
14 July 2026Antonio Vitor JuniorBuy208.9M60.0M$132k3Y notice
30 June 2026Antonio Vitor JuniorSell190.0M——3Y notice
28 May 2026Antonio Vitor JuniorOther60.0M—$240k3Y 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

16 July 2026Notification regarding unquoted securities - MGU
16 July 2026Change of Director's Interest Notice- AV
15 July 2026Non-Deal Corporate Presentation
13 July 2026Proposed issue of securities - MGU
12 July 2026$PJACK LIFTON JOINS MAGNUM MINING
8 July 2026$PMINERALISED FOOTPRINT GROWS WITH COMPELLING REE DESORPTION
5 July 2026Change of Director's Interest Notice
22 June 2026$PINTEGRATED GEOPHYSICS MOVES PARKER TOWARDS INITIAL DRILLING
17 June 2026$PLARGE eTh PATHFINDER FOOTPRINT AT WET MOUNTAIN REE PROJECT
9 June 2026$PFIRST 24 HOLES ALL INTERSECT NEAR-SURFACE REE MINERALISATION
3 June 2026$PMGU SIGNIFICANTLY EXPANDS FOOTPRINT AROUND IAC REE DISCOVERY
2 June 2026$PMAGNUM COMPLETES OTCID SUBMISSIONS
1 June 2026$PMAGNUM ADVANCES IAC REE DISCOVERY AT PIRACANJUBA
28 May 2026Notification regarding unquoted securities - MGU
28 May 2026Change of Director's Interest Notice - AV
28 May 2026Results of Meeting
28 May 2026$PChair's Address to Shareholders
4 May 2026APPOINTMENT OF EXPLORATION MANAGER TO ACCELERATE GROWTH
30 Apr 2026Change of Director's Interest Notice AV
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report

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