Companies / NAG

NAGAMBIE RESOURCES LIMITED

ASX:NAGMaterials
1.26B shares on issueASX (delayed) · snapshot 11 Sept 20261.47B fully diluted+16.1% if every option and right converts$0.015price · delayed$19.0Mmarket cap · indicative

Today’s holders own 86.1% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 59% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.1 quarters of funding
Share-count growth (24m)58.7%
Raise cadence (24m)4 cash raises
Options & rights overhang16.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

NAGAMBIE RESOURCES LIMITED's ordinary share count increased by 58.7% between January 2024 and May 2026, reaching 1.26 billion shares. The company conducted four capital raises in the past 24 months, totalling A$4.8M, with the most recent being a A$475K Security Purchase Plan in February 2026. Existing options and rights may result in the issuance of 204 million new shares, representing 16.1% of the current share count, with the nearest expiry date in November 2026. As of the June 2026 quarter, the company reported A$44K in cash, sufficient for approximately 0.1 quarters of operations. There are no proposed securities issues currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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16.1%
Options & rights overhang
0.0%
In-the-money supply
3
Raises · last 12 months
0.1 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.26B per ASX (delayed) (snapshot 11 Sept 2026).
0.8B1.0B1.2BDec 24Oct 25Sept 26Cash raise · 25 Feb 2026Cash raise · 28 Jan 2026Cash raise · 25 Nov 2025Cash raise · 29 July 20251.26B

Cash runway

0.1 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about June 2026 — that date has passed, and no later report is on record.
$39k 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: $414k cash at quarter end (item 4.6), 0.9 qtrs of funding on the company’s own estimate. 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
7 May 20262A · quoted issueNAG : ORDINARY FULLY PAID1.26BAppendix 2A
13 Apr 20262A · quoted issueNAG : ORDINARY FULLY PAID1.10BAppendix 2A
10 Apr 20262A · quoted issueNAG : ORDINARY FULLY PAID1.16BAppendix 2A
31 Mar 20262A · quoted issueNAG : ORDINARY FULLY PAID995.3MAppendix 2A
9 Feb 20262A · quoted issueNAG : ORDINARY FULLY PAID958.8MAppendix 2A
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20 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

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

every 2.3 monthsaverage gap between raises
6.5 monthssince the most recent
29 July 2025 – 25 Feb 2026first to most recent in this window
$475k
Security Purchase Plan
25 Feb 2026
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4 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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7 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 72% of the 15% placement capacity left — about 28% 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

16.1%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
203.5M
Potential new shares
Nov 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered172.5M · 13.6% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Converts on terms31.1M · 2.5% of shares
    Convertibles with no exercise price — they convert on their own terms, so they are shares in all but name.

Exercise price on record: 172.5M priced, 31.1M 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.

What a price move would switch on
101.8M203.5M$0.015 now0.25× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.015) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.019) — 32.8M of the priced supply in the money, 2.6% of shares on issue1.5× today ($0.022) — 32.8M of the priced supply in the money, 2.6% of shares on issue2× today ($0.030) — 79.0M of the priced supply in the money, 6.2% of shares on issue3× today ($0.045) — 79.0M of the priced supply in the money, 6.2% of shares on issue5× today ($0.075) — 98.1M of the priced supply in the money, 7.8% of shares on issue10× today ($0.150) — 172.5M of the priced supply in the money, 13.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.015 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 32.8M (2.6% 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.
  • 31.1M (15.3% 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
NAGAAAOptionsPrice-triggered$0.1126 Nov 202614.7MFiling
NAGAAEOptionsPrice-triggered$0.02612 Aug 202746.2MFiling
NAGAIOptionsPrice-triggered$0.09925 Nov 202717.6MFiling
NAGAJOptionsPrice-triggered$0.0184 Dec 202732.8MFiling
NAGAACOptionsPrice-triggered$0.0984 Dec 202822.6MFiling
NAGAADOptionsPrice-triggered$0.1028 Nov 202919.4MFiling
NAGAAFOptionsPrice-triggered$0.0701 Dec 203019.1MFiling
NAGAGNotesConverts on terms——31.1MFiling

“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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8 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
30 June 2026Kevin John PerrinOther off-market4.8M——$58k3Y notice
18 June 2026David MorganOther off-market1.5M4.0M—$19k3Y notice
10 Apr 2026Kevin John PerrinOther80.0M——$1.2M3Y notice
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12 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

7 Sept 2026$PResponse to ASX Price Query
1 Sept 2026Update on Alkane diamond drilling at the Nagambie Mine
31 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
9 July 2026Alkane sets up second diamond drill rig at the Nagambie Mine
7 July 2026Change of Director's Interest Notice
1 July 2026Extension of PPT Loan Facility Repayment Date
24 June 2026Change of Director's Interest Notice
3 June 2026Alkane commences drilling at the Nagambie Mine
7 May 2026Cleansing Notice
7 May 2026Application for quotation of securities - NAG
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
15 Apr 2026Ceasing to be a substantial holder
15 Apr 2026Total Debt Reduction now $9.0 Million
14 Apr 2026Change in substantial holding
14 Apr 2026Change of Director's Interest Notice
13 Apr 2026Cleansing Notice
13 Apr 2026Application for quotation of securities - NAG
10 Apr 2026Becoming a substantial holder from ALK
10 Apr 2026Application for quotation of securities - NAG
9 Apr 2026Alkane Nagambie earn-in transaction secures approvals

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