MARITANA MINERALS LIMITED
ASX:MRTMaterialsToday’s holders own 99.1% of what they think they own, once every option and right converts.
2 cash raises in 24 months; since relisting as MRT; prior history under HRZ not included
MARITANA MINERALS LIMITED's ordinary share count figures reflect only the period since its rename from HRZ in April 2026; between April 2026 and October 2026, its latest share-count filing, the count rose 0.4% to 373M shares. In the past 24 months it completed 2 capital raises totalling A$180.0M, the most recent being shares issued as consideration for acquisition (vendor consideration) for A$345K in May 2026. Options and rights on issue could convert into 4M new shares, equal to 1.0% of the current share count, with none in the money and the nearest expiry in September 2028. The company has more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 3
When did MRT last raise capital?
The last capital raise in Maritana Minerals's filings is Shares issued as consideration for acquisition (vendor consideration) of $345k announced 11 May 2026, one of 2 cash raises in 24 months.
How much cash does MRT have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Maritana Minerals reported $214.5M of cash and estimated 32.2 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do MRT's options expire?
Unexercised options and rights equal 1% of Maritana Minerals's shares on issue; the nearest expiry is Sept 2028.
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 |
|---|---|---|---|---|
| 23 Oct 2026 | 2A · quoted issue | MRT : ORDINARY FULLY PAID | 373.5M | Appendix 2A |
| 15 Oct 2026 | 2A · quoted issue | MRT : ORDINARY FULLY PAID | 373.2M | Appendix 2A |
| 15 Sept 2026 | 2A · quoted issue | MRT : ORDINARY FULLY PAID | 372.9M | Appendix 2A |
| 10 Sept 2026 | 3H · cancellation | MRT : ORDINARY FULLY PAID | 372.5M | Appendix 3H |
| 8 Sept 2026 | 2A · quoted issue | MRT : ORDINARY FULLY PAID | 372.5M | 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
2 cash raises in the last 24 months · 2 in the last 12 months · counted since relisting as MRT (13 Apr 2026); prior history under HRZ is not included
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
- Price-triggered400k · 0.1% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered3.2M · 0.8% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 400k priced, 3.2M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
An exercise price is on record for only 11.2% 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 $0.58 today. No more priced supply until 5× today’s price, which takes it to 400k (0.1% 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.
- 3.2M (88.8% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| MRTAA | Options | Price-triggered | $1.80 | 30 Sept 2028 | 400k | Filing |
| MRTAN | Performance rights | Condition-triggered | — | — | 3.2M | Filing |
“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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 3 Sept 2026 | Warren Hallam | Sell | — | 857 | — | — | 3Y notice |
| 14 Apr 2026 | Ashok Parekh | Other placement | 28k | — | — | — | 3Y notice |
| 14 Apr 2026 | Grant Haywood | Buy on-market | 15k | — | — | — | 3Y notice |
| 14 Apr 2026 | Robert Scott Waugh | Other placement | 28k | 133k | — | — | 3Y notice |
| 14 Apr 2026 | Warren Hallam | Other placement | 28k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.