Companies / MI6

MINERALS 260 LIMITED

ASX:MI6Materials
2.27B shares on issueASX (delayed) · as of 28 July 2026$0.67price · delayed$1.42Bmarket cap · indicative
B
Dilution grade

2 cash raises in 24 months; share count grew 10% in 24 months; proposed issue pending

Cash runway18.0 quarters of funding
Share-count growth (24m)9.8%
Raise cadence (24m)2 cash raises
Options & rights overhang3.0% of shares
In-the-money supply0.6% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

MINERALS 260 LIMITED's ordinary share count rose 9.8% between December 2025 and June 2026 to 2.27B shares. The company conducted two capital raises in the past 24 months for total proceeds of A$270.0M, most recently a A$50.0M placement in February 2026. Options and rights could convert into 69M new shares, equal to 3.0% of the current share count, of which 1% are in the money; the nearest expiry is November 2026. At the March 2026 quarter the company reported A$172.5M in cash, representing 18.0 quarters of cover. One proposed securities issue (Appendix 3B) is pending with an expected issue date in May 2027.

AI-generated summary of this page's cited filings · updated 28 July 2026
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3.0%
Max option dilution
0.6%
ITM option dilution
1
Raises · last 12 months
18.0 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 2.27B per ASX (delayed) (28 July 2026).
0.66B1.25B1.84BDec 24Sept 25July 26Cash raise · 23 Feb 2026Cash raise · 10 Mar 2025

Cash runway

18.0 qtrs
More than four quarters of funding at the recent spend rate.
$172.5M 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 20263H · cancellationMI6 : ORDINARY FULLY PAID2.27BAppendix 3H
29 June 20262A · quoted issueMI6 : ORDINARY FULLY PAID2.27BAppendix 2A
15 May 20262A · quoted issueMI6 : ORDINARY FULLY PAID2.27BAppendix 2A
17 Apr 20263G · unquotedORDINARY FULLY PAID2.26BAppendix 3G
8 Apr 20262A · quoted issueMI6 : ORDINARY FULLY PAID2.26BAppendix 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

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

$50.0M
Placement
23 Feb 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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

3.0%
Total overhang · of current shares
0.6%
In the money · at current price
69.0M
Potential new shares
Nov 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
10 July 2026Luke Charles McFadyenBuy85k12.5M$53k3Y notice
29 June 2026Luke Charles McFadyenOther1.3M5.0M—3Y notice
4 May 2026Luke Charles McFadyenBuy1.4M5.0M$60k3Y 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

22 July 2026Presentation - Noosa Mining Investor Conference 2026
10 July 2026Change of Director's Interest Notice - L McFadyen
7 July 2026$PPre-Feasibility Study and Mineral Resource Presentation
7 July 2026$PBullabulling PFS Confirms High-Margin, Large-Scale Gold Mine
7 July 2026$PBullabulling Resource Increases to 6.2Moz
5 July 2026$PTrading Halt
2 July 2026Notification of cessation of securities - MI6
29 June 2026Change of Director's Interest Notice - L McFadyen
29 June 2026Application for quotation of securities - MI6
24 June 2026$PBullabulling Drilling Extends Gold Mineralisation at Depth
14 June 2026$PEarly Construction & Development Commences at Bullabulling
8 June 2026$PBullabulling Drilling Continues to Support Resource Growth
1 June 2026Becoming a substantial holder
15 May 2026Section 708A Notice - Issue of Shares
15 May 2026Application for quotation of securities - MI6
13 May 2026Proposed issue of securities - MI6
13 May 2026$PStrategic Tenements Acquired at Bullabulling Gold Project
4 May 2026Change of Director's Interest Notice - L McFadyen
3 May 2026$PDrilling Supports Bullabulling Resource Upgrade Potential
30 Apr 2026Change of Registered Office and Principal Place of Business

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