MONT ROYAL RESOURCES LIMITED
ASX:MRZMaterialsToday’s holders own 75.4% of what they think they own, once every option and right converts.
Runway 2–4 quarters; options/rights overhang 33% of shares
Low because 4 of its 6 signals are quiet.
MONT ROYAL RESOURCES LIMITED underwent a share consolidation in October 2025 (approximately 1-for-4.6). The company has no share-count change figure because no share-issuance (Appendix 2A) filings are on record for the relevant period; the last such filing was lodged before January 2024. No capital raises have been recorded in the past 24 months. Options and rights on issue could convert into 63M new shares, equal to 32.7% of the current share count, with none in the money; the nearest expiry is October 2026. The company has 2 to 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 3
How much placement capacity does MRZ 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 MRZ have?
In its quarterly cash report for the quarter ended 30 June 2026, Mont Royal Resources reported $4.4M of cash and estimated 4.0 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do MRZ's options expire?
Unexercised options and rights equal 32.7% of Mont Royal Resources's shares on issue; the nearest expiry is Oct 2026.
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 |
|---|---|---|---|---|
| 17 Aug 2026 | 3H · cancellation | MRZ : ORDINARY FULLY PAID | 188.7M | Appendix 3H |
| 10 July 2026 | 3G · unquoted | MRZ : ORDINARY FULLY PAID | 188.7M | Appendix 3G |
| 22 June 2026 | 3H · cancellation | MRZ : ORDINARY FULLY PAID | 188.7M | Appendix 3H |
| 9 June 2026 | 3G · unquoted | MRZ : ORDINARY FULLY PAID | 188.7M | Appendix 3G |
| 21 May 2026 | 3H · cancellation | MRZ : ORDINARY FULLY PAID | 188.7M | Appendix 3H |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (188.7M) need not equal the current count above (192.5M).
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
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- by end 2026 · Pre-Feasibility Study underway (planned)
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-triggered50.6M · 26.3% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 15.5M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered12.3M · 6.4% 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: 35.1M priced, 27.7M 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.
At $0.069 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 562k (0.3% 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.
- 27.7M (44.1% 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.
- 659k more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| MRZAN | Options | Price-triggered, no exercise price stated | — | 30 Oct 2026 | 4.4M | Filing |
| MRZAX | Options | Price-triggered | $0.26 | 30 Oct 2026 | 30.4M | Filing |
| MRZAI | Options | Price-triggered | $1.59 | 10 Nov 2026 | 659k | Filing |
| MRZAY | Options | Price-triggered | $0.26 | 18 Mar 2028 | 894k | Filing |
| MRZAZ | Options | Price-triggered | $0.16 | 12 May 2028 | 562k | Filing |
| MRZAB | Options | Price-triggered | $0.30 | 10 July 2028 | 2.0M | Filing |
| MRZAO | Options | Price-triggered, no exercise price stated | — | 28 July 2028 | 1.5M | Filing |
| MRZAP | Options | Price-triggered, no exercise price stated | — | 22 Oct 2028 | 9.5M | Filing |
| MRZAA | Options | Price-triggered | $0.30 | 8 June 2029 | 600k | Filing |
| MRZAR | Performance shares | Condition-triggered | — | — | 4.6M | Filing Meeting |
| MRZAQ | Performance rights | Condition-triggered | — | — | 7.7M | 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. For what expires soon across other listed companies, see the options expiry calendar.
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 |
|---|---|---|---|---|---|---|---|
| 12 Aug 2026 | Cameron Henry | Sell | 7.7M | — | 2.0M | — | 3Y notice |
| 12 Aug 2026 | Jeremy Robinson | Sell | 7.7M | — | 2.0M | — | 3Y notice |
| 23 June 2026 | Adam Ritchie | Buy on-market | 100k | — | — | $14k | 3Y notice |
| 23 June 2026 | Ronald Hugh Beevor | Buy on-market | 200k | — | — | $28k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.