Companies / MNB

MINBOS RESOURCES LIMITED

ASX:MNBMaterials
1.34B shares on issueASX (delayed) · snapshot 11 Sept 20261.58B fully diluted+18.3% if every option and right converts$0.018price · delayed$24.1Mmarket cap · indicative

Today’s holders own 84.5% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 52% in 24 months; 5 cash raises in 24 months; runway 4–8 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway4.7 quarters of funding
Share-count growth (24m)52.1%
Raise cadence (24m)5 cash raises
Options & rights overhang18.3% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesnone

MINBOS RESOURCES LIMITED's ordinary share count grew 52.1% between July 2024 and July 2026, reaching 1.34B shares. In the past 24 months, the company completed five capital raises totalling A$20.2M, with the most recent being a A$6.0M placement in July 2026. Options and rights on issue could convert into 244M new shares, representing 18.3% of the current share count, with the nearest expiry in December 2026; none are currently in the money. As of the June 2026 quarter, the company held A$12.6M in available cash, sufficient for approximately 4.7 quarters of operations. There are no pending proposed securities issues.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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18.3%
Options & rights overhang
In-the-money supply · most strikes not on record
3
Raises · last 12 months
4.7 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 1.34B per ASX (delayed) (snapshot 11 Sept 2026).
0.9B1.0B1.1B1.2B1.3BDec 24Oct 25Sept 26Cash raise · 20 July 2026Cash raise · 5 Dec 2025Cash raise · 2 Dec 2025Cash raise · 9 Apr 2025Cash raise · 19 Dec 20241.34B

Cash runway

4.7 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Aug 2027 at the reported spend rate.
$12.5M 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: $6.0M cash at quarter end (item 4.6). 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
26 July 20262A · quoted issueMNB : ORDINARY FULLY PAID1.34BAppendix 2A
8 May 20262A · quoted issueMNB : ORDINARY FULLY PAID1.16BAppendix 2A
18 Mar 20262A · quoted issueMNB : ORDINARY FULLY PAID1.16BAppendix 2A
10 Mar 20262A · quoted issueMNB : ORDINARY FULLY PAID1.16BAppendix 2A
10 Feb 20262A · quoted issueMNB : ORDINARY FULLY PAID1.14BAppendix 2A
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24 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

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

every 4.7 monthsaverage gap between raises
1.8 monthssince the most recent
19 Dec 202420 July 2026first to most recent in this window
$6.0M
Placement
20 July 2026 ACTIVE
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6 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

About 87% of the 15% placement capacity left — about 13% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

18.3%
Options & rights overhang · of current shares
In-the-money supply · most strikes not on record
244.3M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
122.1M244.3M$0.018 now0.25× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.009) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.013) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.018) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.022) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.027) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.036) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.054) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.090) — 0 of the priced supply in the money, 0.0% of shares on issue10× today ($0.180) — 3.3M of the priced supply in the money, 0.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

An exercise price is on record for only 1.4% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.018 today. No more priced supply until 10× today’s price, which takes it to 3.3M (0.2% 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.
  • 240.9M (98.6% 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
MNBOOptionsPrice-triggered20 Dec 202638.6MFiling
MNBAHOptionsPrice-triggered$0.109 Apr 20273.3MFiling
MNBOCOptionsPrice-triggered15 Dec 2028117.9MFiling
MNBODOptionsPrice-triggered16 Mar 202984.5MFiling

“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.

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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
16 Mar 2026Mr Graeme RobertsonOther placement8.8M3Y notice
16 Mar 2026Mr Lindsay ReedOther entitlement/SPP1.2M3Y notice
16 Mar 2026Mr Paul McKenzieOther entitlement/SPP1.2M3Y notice
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13 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

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