METALS AUSTRALIA LTD
ASX:MLSMaterialsRunway 4–8 quarters
METALS AUSTRALIA LTD's ordinary share count grew 1.0% between August 2024 and July 2026, its latest share-count filing, reaching 734M shares. The company has not raised capital through any placement, rights issue or share purchase plan in the 24-month window. No options or rights overhang data is disclosed, so the potential dilution from those instruments is not available. The company reported in its June 2026 quarter that it has more than 4 quarters of funding at the recent spend rate. No proposed securities issues (Appendix 3B) are pending.
Quick answers · 3
How much placement capacity does MLS have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does MLS have?
In its quarterly cash report for the quarter ended 30 June 2026, Metals Australia reported $3.7M of cash and estimated 5.8 quarters of funding available at its current rate of spending. That is the company's own estimate.
How much has MLS's share count grown?
Metals Australia has 734.2M shares on issue as at 28 Oct 2026, up 1.0% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 10 July 2026 | 2A · quoted issue | MLS : ORDINARY FULLY PAID | 734.2M | Appendix 2A |
| 1 Dec 2025 | 3H · cancellation | MLS : ORDINARY FULLY PAID | 731.7M | Appendix 3H |
| 5 Sept 2025 | 2A · quoted issue | MLS : ORDINARY FULLY PAID | 731.7M | Appendix 2A |
| 28 Jan 2025 | 2A · quoted issue | MLS : ORDINARY FULLY PAID | 728.7M | Appendix 2A |
| 2 Aug 2024 | 2A · quoted issue | MLS : ORDINARY FULLY PAID | 727.2M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
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.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.