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
MONT ROYAL RESOURCES LIMITED underwent an approximately 1-for-4.6 share consolidation in October 2025. The company has no share-issuance filings on record in the relevant period, and no new share-issuance filings have been lodged since January 2024. No capital has been raised in the past 24 months, and no proposed securities issues are pending. Options and rights on issue could convert into 63M new shares, representing 32.7% of current shares outstanding, with the nearest expiry in October 2026; none of these options are currently in the money. As of the June 2026 quarter, the company reported A$3.5M in cash, sufficient for approximately 3.2 quarters of operations.
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 |
|---|---|---|---|---|
| 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 |
| 21 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).
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
- 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 $0.090 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 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 | — | 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 | — | 28 July 2028 | 1.5M | Filing |
| MRZAP | Options | Price-triggered | — | 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.
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 12 Sept 2026.