Companies / OB1

ORBMINCO LIMITED

ASX:OB1Materials
591.0M shares on issueASX (delayed) · snapshot 11 Sept 2026663.1M fully diluted+12.2% if every option and right converts$0.013price · delayed$7.7Mmarket cap · indicative

Today’s holders own 89.1% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 393% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.3 quarters of funding
Share-count growth (24m)393.0%
Raise cadence (24m)4 cash raises
Options & rights overhang12.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ORBMINCO LIMITED underwent an approximately 1-for-20 share consolidation in September 2025. Following this, its ordinary share count grew 393.0% between May 2025 and May 2026, to a latest disclosed count of 591M shares. The company completed four capital raises in the past 24 months, totalling A$6.5M, with the most recent being a A$5.0M placement in February 2026. As of the June 2026 quarter, ORBMINCO LIMITED held A$567K in available cash, providing approximately 0.3 quarters of operational cover. There are options outstanding that could convert into 72M new shares, representing 12.2% of the current share count, with the nearest expiry in October 2026. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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12.2%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
0.3 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. Adjusted for the 1-for-20 consolidation (18 Sept 2025). Latest count 591.0M per ASX (delayed) (snapshot 11 Sept 2026).
200M400M600MDec 24Oct 25Sept 261-for-20 consolidationCash raise · 1 Feb 2026Cash raise · 20 May 2025Cash raise · 11 Mar 2025Cash raise · 10 Mar 2025591.0M

Cash runway

0.3 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about July 2026 — that date has passed, and no later report is on record.
$549k 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: $1.9M cash at quarter end (item 4.6), 1.2 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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7 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
21 Aug 20263H · cancellationOB1 : ORDINARY FULLY PAID591.0MAppendix 3H
15 May 20262A · quoted issueOB1 : ORDINARY FULLY PAID591.0MAppendix 2A
21 Apr 20262A · quoted issueOB1 : ORDINARY FULLY PAID589.5MAppendix 2A
21 Apr 20263G · unquotedOB1 : ORDINARY FULLY PAID355.1MAppendix 3G
9 Feb 20262A · quoted issueOB1 : ORDINARY FULLY PAID355.1MAppendix 2A
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18 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 · 1 in the last 12 months

every 3.6 monthsaverage gap between raises
7.3 monthssince the most recent
10 Mar 2025 – 1 Feb 2026first to most recent in this window
$5.0M
Placement
1 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.

No estimate — a share consolidation inside the last 12 months puts the filings and the share count in different units.
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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

12.2%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
72.1M
Potential new shares
Oct 2026
Nearest expiry
What a price move would switch on
36.1M72.1M$0.013 now0.25× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.010) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.013) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.016) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.019) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.026) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.039) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.065) — 70.1M of the priced supply in the money, 11.9% of shares on issue10× today ($0.130) — 70.6M of the priced supply in the money, 11.9% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.013 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 70.1M (11.9% 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.
  • 1.5M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
CodeSecurityTypeExercise priceExpiryOn issueSource
OB1AROptionsPrice-triggered$0.801 Oct 2026750kFiling
OB1ASOptionsPrice-triggered$0.8022 Dec 2026250kFiling
OB1ABOptionsPrice-triggered$0.1016 Dec 2027500kFiling
OB1AAOptionsPrice-triggered$0.4016 Dec 2027500kFiling
OB1ACOptionsPrice-triggered$0.0403 Oct 20286.5MFiling
OB1AUOptionsPrice-triggered$0.04021 Apr 202953.6MFiling
OB1ADOptionsPrice-triggered$0.04016 Dec 202910.0MFiling

“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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7 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
26 Aug 2026Angus MiddletonBuy on-market2.0M———3Y notice
24 Aug 2026Duncan GordonBuy on-market1.0M———3Y notice
29 June 2026Angus MiddletonBuy on-market2.8M——$35k3Y notice
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23 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

1 Sept 2026Change of Director's Interest Notice
26 Aug 2026Change of Director's Interest Notice
21 Aug 2026Notification of cessation of securities - OB1
31 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
20 July 2026$PMajestic North Gold Project - Development Update
6 July 2026Becoming a substantial holder
2 July 2026Change of Director's Interest Notice
29 June 2026$PInterim Drilling Update - Majestic North Gold Project
23 June 2026Becoming a substantial holder
15 June 2026Change of Director's Interest Notice
5 June 2026Change of Director's Interest Notice
15 May 2026Application for quotation of securities - OB1
15 May 2026Cleansing Notice
11 May 2026$PDrilling to commence at Majestic North Gold Project
1 May 2026$PMajestic North Gold Project - Development Update
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
22 Apr 2026Change of Director Interest Notices x 3
21 Apr 2026Notification regarding unquoted securities - OB1
21 Apr 2026Application for quotation of securities - OB1
21 Apr 2026Issue of Securities and Cleansing Notice

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