Companies / OBM

ORA BANDA MINING LTD

ASX:OBMMaterials
1.94B shares on issueASX (delayed) · snapshot 11 Sept 20262.04B fully diluted+5.4% if every option and right converts$1.59price · delayed$3.09Bmarket cap · indicative

Today’s holders own 94.9% of what they think they own, once every option and right converts.

Minimal
Dilution risk

Options/rights overhang 5% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — no longer lodges quarterly cash reports (4C/5B)
Share-count growth (24m)3.9%
Raise cadence (24m)0 cash raises
Options & rights overhang5.4% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

ORA BANDA MINING LTD's ordinary share count stood at 1.94B shares in September 2026, an increase of 3.9% from September 2024. The company has not raised capital in the past 24 months and has no pending proposed securities issues. Options and rights on issue could convert into 104M new shares, representing 5.4% of the current share count, with the nearest expiry in December 2027; none of these options are currently in the money. The company no longer lodges quarterly cash reports, therefore no quarterly cash balance or funding runway figure is available.

AI-generated summary of this page's cited filings · updated 4 Sept 2026
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5.4%
Options & rights overhang
—
In-the-money supply · no stated strikes
0
Raises · last 12 months
—
Cash cover · stale filings

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.94B per ASX (delayed) (snapshot 11 Sept 2026).
1.88B1.90B1.92B1.94BDec 24Oct 25Sept 261.94B

Cash runway

—
stale Last quarterly cash report is more than 12 months old (quarter ended 30 June 2024) — runway is not computed from stale filings.
$105.3M cash after burn from the quarter ended 30 June 2024. Filed with the quarterly report: $26.8M cash at quarter end (item 4.6), 9.7 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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3 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2024.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
4 Sept 20263H · cancellationOBM : ORDINARY FULLY PAID1.93BAppendix 3H
4 Sept 20262A · quoted issueOBM : ORDINARY FULLY PAID1.94BAppendix 2A
4 Aug 20263H · cancellationOBM : ORDINARY FULLY PAID1.93BAppendix 3H
4 Aug 20262A · quoted issueOBM : ORDINARY FULLY PAID1.93BAppendix 2A
4 Aug 20262A · quoted issueOBM : ORDINARY FULLY PAID1.93BAppendix 2A
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70 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

No equity raises in the last 24 months.
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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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18 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 Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

5.4%
Options & rights overhang · of current shares
—
In-the-money supply · no stated strikes
104.5M
Potential new shares
Dec 2027
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 104.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
OBMAEPerformance rightsCondition-triggered—22 Dec 202711.4MFiling Meeting
OBMAFPerformance rightsCondition-triggered—22 Dec 202724.0MFiling Meeting
OBMAPPerformance rightsCondition-triggered—30 June 20282.8MFiling Meeting
OBMAVPerformance rightsCondition-triggered—1 July 202812.5MFiling Meeting
OBMATPerformance rightsCondition-triggered—19 Dec 20281.5MFiling Meeting
OBMAUPerformance rightsCondition-triggered—19 Dec 20283.5MFiling Meeting
OBMAWPerformance rightsCondition-triggered—19 Dec 20284.0MFiling Meeting
OBMAYRightsCondition-triggered—30 June 2029153kFiling Meeting
OBMAADRightsCondition-triggered—30 June 2029251kFiling Meeting
OBMAXPerformance rightsCondition-triggered—30 June 202910.6MFiling Meeting
OBMAGPerformance rightsCondition-triggered—27 Nov 20291.0MFiling Meeting
OBMAHPerformance rightsCondition-triggered—27 Nov 20292.7MFiling Meeting
OBMAZPerformance rightsCondition-triggered—30 June 20306.4MFiling Meeting
OBMAQPerformance rightsCondition-triggered—30 June 203014.5MFiling Meeting
OBMAABPerformance rightsCondition-triggered—27 Nov 20301.1MFiling Meeting
OBMAAAPerformance rightsCondition-triggered—27 Nov 20301.3MFiling Meeting
OBMAACRightsCondition-triggered—27 Nov 20306.3MFiling Meeting
OBMARPerformance rightsCondition-triggered—31 Jan 2031500kFiling 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.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • OBMASCondition-triggered2.0M securities → 06 Oct 2025 Appendix 2A
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18 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
3 Aug 2026Alan RuleOther3k———3Y notice
3 Aug 2026Jo-Anne DudleyOther6k———3Y notice
3 Aug 2026Peter MansellOther9k———3Y notice
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24 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

10 Sept 2026Change in substantial holding
9 Sept 2026$PWaihi Underground Commenced
9 Sept 2026Change in substantial holding
4 Sept 2026Application for quotation of securities - OBM
4 Sept 2026Notification of cessation of securities - OBM
25 Aug 2026$PFY26 Results
25 Aug 20262026 Annual Report
25 Aug 2026$PAppendix 4E
25 Aug 2026Appendix 4G
25 Aug 2026FY26 Corporate Governance Statement
25 Aug 20262026 Annual General Meeting - Key Dates
14 Aug 2026Change in substantial holding
4 Aug 2026Change of Director's Interest Notice x 3
4 Aug 2026Application for quotation of securities - OBM
4 Aug 2026Application for quotation of securities - OBM
4 Aug 2026Notification of cessation of securities - OBM
2 Aug 2026Diggers and Dealers Presentation
30 July 2026$PImpressive Exploration Results at Little Gem
21 July 2026Company Presentation
15 July 2026$PJune 2026 Quarterly Activities Report

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