METRO MINING LIMITED
ASX:MMIMaterialsToday’s holders own 95.6% of what they think they own, once every option and right converts.
No major dilution pressure signals in current disclosures
METRO MINING LIMITED undertook a consolidation of approximately 1-for-20 shares in April 2026. Following this, its ordinary share count grew 3.6% between September 2024 and September 2026, to 308M shares, as stated on a consolidation-adjusted basis. The company has not raised capital in the past 24 months. Options and rights on issue could convert into 14M new shares, equal to 4.6% of the current share count, none of which are in the money at the current share price; an expiry date for these securities has not been disclosed. At the June 2026 quarter, the company reported A$43.3M in available cash, and its latest quarterly net cash flow was non-negative, meaning no funding runway figure applies. No proposed securities issues are pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 9 Sept 2026 | 2A · quoted issue | MMI : ORDINARY FULLY PAID | 308.4M | Appendix 2A |
| 8 Sept 2026 | 2A · quoted issue | MMI : ORDINARY FULLY PAID | 308.3M | Appendix 2A |
| 8 Sept 2026 | 2A · quoted issue | MMI : ORDINARY FULLY PAID | 308.3M | Appendix 2A |
| 4 Sept 2026 | 2A · quoted issue | MMI : ORDINARY FULLY PAID | 308.3M | Appendix 2A |
| 15 July 2026 | 2A · quoted issue | MMI : ORDINARY FULLY PAID | 308.2M | Appendix 2A |
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 14.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| MMIAO | Performance rights | Condition-triggered | — | — | 14.0M | Filing Meeting |
“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.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 16 June 2026 | Simon Wensley | Other incentive | — | 849k | — | — | 3Y notice |
| 22 May 2026 | Douglas Ritchie | Other incentive | — | — | 118k | $159k | 3Y notice |
| 22 May 2026 | Paul Thomas Lucas | Other incentive | — | — | 15 | $20k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.