Companies / OMX

ORANGE MINERALS NL

ASX:OMXMaterials
183.2M shares on issueASX (delayed) · snapshot 11 Sept 2026287.0M fully diluted+56.6% if every option and right converts$0.072price · delayed$13.2Mmarket cap · indicative

Today’s holders own 63.8% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 72% in 24 months; 4 cash raises in 24 months; options/rights overhang 57% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway12.4 quarters of funding
Share-count growth (24m)71.9%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)4 cash raises
Options & rights overhang56.6% of shares
In-the-money supply1.1% of shares
Pending proposed issuesnone

ORANGE MINERALS NL reported 183M shares outstanding as of August 2026. The company has undertaken four capital raises totaling A$6.5M in the past 24 months, with the most recent being a A$1.7M placement in April 2026. Outstanding options and rights could convert into 104M new shares, representing 56.6% of the current share count, with 1% of these in the money and the nearest expiry in July 2027. As of June 2026, the company had A$2.6M in cash, sufficient for approximately 12.5 quarters. No proposed securities issues are currently pending. The share count figure reflects the ASX market reading and the filed Appendix 2A series ends prior to the most recent date, thus growth over the disclosed window is not stated.

AI-generated summary of this page's cited filings · updated 3 Sept 2026
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56.6%
Options & rights overhang
1.1%
In-the-money supply
2
Raises · last 12 months
12.4 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 183.2M per ASX (delayed) (snapshot 11 Sept 2026).
125M150M175MDec 24Oct 25Sept 26Cash raise · 27 Apr 2026Cash raise · 28 Nov 2025Cash raise · 24 July 2025Cash raise · 4 Apr 2025183.2M

Cash runway

12.4 qtrs
More than four quarters of funding at the recent spend rate.
More than three years of funding at the reported spend rate — far enough out that a dated estimate would be false precision.
$2.6M 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: $1.1M cash at quarter end (item 4.6), 3.3 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
14 Aug 20262A · quoted issueOMX : ORDINARY FULLY PAID178.0MAppendix 2A
14 Aug 20262A · quoted issueOMX : ORDINARY FULLY PAID182.9MAppendix 2A
14 Aug 20263G · unquotedOMX : ORDINARY FULLY PAID177.7MAppendix 3G
14 Aug 20263G · unquotedOMX : ORDINARY FULLY PAID177.7MAppendix 3G
14 Aug 20263G · unquotedOMX : ORDINARY FULLY PAID177.7MAppendix 3G

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 (178.0M) need not equal the current count above (183.2M).

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27 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 · 2 in the last 12 months

every 4.2 monthsaverage gap between raises
4.5 monthssince the most recent
4 Apr 2025 – 27 Apr 2026first to most recent in this window
$1.7M
Placement
27 Apr 2026 ACTIVE
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8 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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3 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 6% of the 15% placement capacity left — about 94% 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. One filing in the window states more under 7.1 than the whole allowance and is not counted, so usage may be higher than this. 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

56.6%
Options & rights overhang · of current shares
1.1%
In-the-money supply · at current price
103.7M
Potential new shares
July 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered64.5M · 35.2% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered39.2M · 21.4% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 64.5M priced (of which 2.0M in the money), 39.2M 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
51.9M103.7M$0.072 now0.25× today ($0.018) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.036) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.054) — 2.0M of the priced supply in the money, 1.1% of shares on issue1× today ($0.072) — 2.0M of the priced supply in the money, 1.1% of shares on issue1.25× today ($0.090) — 2.0M of the priced supply in the money, 1.1% of shares on issue1.5× today ($0.108) — 29.8M of the priced supply in the money, 16.3% of shares on issue2× today ($0.144) — 29.8M of the priced supply in the money, 16.3% of shares on issue3× today ($0.216) — 64.5M of the priced supply in the money, 35.2% of shares on issue5× today ($0.360) — 64.5M of the priced supply in the money, 35.2% of shares on issue10× today ($0.720) — 64.5M of the priced supply in the money, 35.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.072 today, 2.0M securities are in the money (1.1% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 29.8M (16.3% 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.
  • 39.2M (37.8% 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
OMXAJOptionsPrice-triggered$0.09015 July 202727.8MFiling
OMXAIOptionsPrice-triggered$0.05019 Dec 20272.0MFiling
OMXAKOptionsPrice-triggered$0.2029 Sept 202834.8MFiling
OMXAGPerformance rightsCondition-triggered——9.2MFiling Meeting
OMXALPerformance sharesCondition-triggered——30.0MFiling 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.

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5 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
2 Sept 2026Philip TornatoraBuy on-market150k150k250k$10k3Y notice
27 Aug 2026Philip TornatoraBuy on-market84k——$6k3Y notice
21 Aug 2026Philip TornatoraBuy on-market96k1.5M2.5M$6k3Y notice
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26 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 2026Change of Company Secretary
3 Sept 2026Change of Director's Interest Notice - PT
30 Aug 2026Change of Director's Interest Notice - PT
28 Aug 2026Change of Director's Interest Notice - PT
14 Aug 2026Change of Director's Interest Notice x4
14 Aug 2026Cleansing Notice
14 Aug 2026Notification regarding unquoted securities - OMX
14 Aug 2026Notification regarding unquoted securities - OMX
14 Aug 2026Notification regarding unquoted securities - OMX
14 Aug 2026Application for quotation of securities - OMX
14 Aug 2026Application for quotation of securities - OMX
6 Aug 2026Change of Director's Interest Notice - PT
30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
23 July 2026Initial Director's Interest Notice - PT
22 July 2026Results of Meeting
6 July 2026Addendum to Notice of General Meeting/Proxy Form
6 July 2026Proposed issue of securities - OMX
5 July 2026Appointment of Technical Director
2 July 2026Change of Director's Interest Notice - CS
29 June 2026Notification of cessation of securities - OMX

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