Companies / MKR

MANUKA RESOURCES LTD.

ASX:MKRMaterials
1.59B shares on issueASX (delayed) · snapshot 11 Sept 20261.74B fully diluted+9.5% if every option and right converts$0.069price · delayed$109.5Mmarket cap · indicative

Today’s holders own 91.3% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 104% in 24 months; 7 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.9 quarters of funding
Share-count growth (24m)103.5%
Raise cadence (24m)7 cash raises
Options & rights overhang9.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

MANUKA RESOURCES LTD. ordinary share count grew 103.5% between July 2024 and June 2026, reaching 1.59B shares. The company completed seven capital raises in the past 24 months, totalling A$70.2M. The most recent raise was a A$15.5M Placement (with SPP) in September 2026. Approximately 151M new shares are available via options, representing 9.5% of the current share count, with no options currently in the money. The nearest expiry for these options is April 2027. As of June 2026, the company held A$11.8M in cash, providing cover for 0.9 quarters of operations. Two proposed securities issues are pending, with the nearest proposed date in September 2026.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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9.5%
Options & rights overhang
0.0%
In-the-money supply
4
Raises · last 12 months
0.9 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 1.59B per ASX (delayed) (snapshot 11 Sept 2026).
0.75B1.00B1.25B1.50BDec 24Oct 25Sept 26Cash raise · 2 Sept 2026Cash raise · 27 Feb 2026Cash raise · 19 Dec 2025Cash raise · 21 Oct 2025Cash raise · 8 July 2025Cash raise · 16 Dec 20241.59B

Cash runway

0.9 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Sept 2026 — that date has passed, and no later report is on record.
$11.7M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $7.8M cash at quarter end (item 4.6), 1.2 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — 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 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
25 Aug 20263H · cancellationMKR : ORDINARY FULLY PAID1.59BAppendix 3H
30 June 20263G · unquotedMKR : ORDINARY FULLY PAID1.59BAppendix 3G
2 June 20262A · quoted issueMKR : ORDINARY FULLY PAID1.59BAppendix 2A
22 May 20262A · quoted issueMKR : ORDINARY FULLY PAID1.59BAppendix 2A
18 May 20262A · quoted issueMKR : ORDINARY FULLY PAID1.56BAppendix 2A
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89 filings on record — 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

every 3.5 monthsaverage gap between raises
0.3 monthssince the most recent
28 Nov 2024 – 2 Sept 2026first to most recent in this window
$15.5M
Placement (with SPP)
2 Sept 2026 ACTIVE
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21 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Retail offer

An offer existing holders can take part in — the one structural advantage retail has in a raise. Dated recently and not yet recorded as complete.

Share purchase plan
dated 2 Sept 2026 · 10 days ago
Placement (with SPP)

Closing dates are not in the filings this site holds. Check the company's own announcement below before acting on this.

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Offer terms
The offer price, and how it compares with the last traded price.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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4 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No estimate — the filings already exceed 15% of the share count we can measure, which means securities were added to the base during the year that we cannot see. The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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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
1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

9.5%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
150.7M
Potential new shares
Apr 2027
Nearest expiry
What a price move would switch on
75.3M150.7M$0.069 now0.25× today ($0.017) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.035) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.052) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.069) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.086) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.104) — 36.0M of the priced supply in the money, 2.3% of shares on issue2× today ($0.138) — 41.0M of the priced supply in the money, 2.6% of shares on issue3× today ($0.207) — 83.5M of the priced supply in the money, 5.3% of shares on issue5× today ($0.345) — 83.5M of the priced supply in the money, 5.3% of shares on issue10× today ($0.690) — 83.5M of the priced supply in the money, 5.3% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.069 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 36.0M (2.3% of shares).

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
  • 67.2M (44.6% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
MKRAAAOptionsPrice-triggered$0.113 Apr 20275.0MFiling
MKRABOptionsPrice-triggered$0.1516 Dec 202742.5MFiling
MKRAAGOptionsPrice-triggered$0.107 Aug 202836.0MFiling
MKRAAWarrantsPrice-triggered——67.2MFiling

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • MKRAACConverts on terms3.6M securities → 025 Aug 2026 Appendix 2A
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4 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
2 July 2026Dennis KARPOther—20.0M——3Y notice
15 May 2026John Andrew Gowans SETONSell on-market542k———3Y notice
18 Dec 2025Alan J EGGERSOther incentive61.4M20.0M——3Y notice
18 Dec 2025Dennis KARPOther incentive—20.0M——3Y notice
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6 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

9 Sept 2026$PHigh Grade Gold Drill Intersections from Pipeline Ridge
7 Sept 2026Presentation Building to be Primary Leading Silver Producer
7 Sept 2026Proposed issue of securities - MKR
7 Sept 2026Proposed issue of securities - MKR
7 Sept 2026$P$A14.5 Million to Complete Silver Circuit
2 Sept 2026$PTrading Halt
1 Sept 2026Management Strengthened by New Appointments
25 Aug 2026Notification of cessation of securities - MKR
20 Aug 2026$PGold Production Restarts at Wonawinta
30 July 2026$PJune 2026 Quarter Activities and Cashlfow Reports
12 July 2026$PUpdated Ore Reserve - Wonawinta Silver Mine
2 July 2026Change in Director Interests
30 June 2026Notification regarding unquoted securities - MKR
29 June 2026Proposed issue of securities - MKR
29 June 2026$PAdvances Towards Prodcution following Funding Draw Down
2 June 2026Cleansing Notice
2 June 2026Application for quotation of securities - MKR
22 May 2026Cleansing Notice
22 May 2026Application for quotation of securities - MKR
19 May 2026Change of Director Interest Notice for Mr Seton

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.