RAGUSA MINERALS LTD
ASX:RASMaterialsToday’s holders own 92.6% of what they think they own, once every option and right converts.
Runway under 2 quarters; 3 cash raises in 24 months; share count grew 11% in 24 months
RAGUSA MINERALS LTD's ordinary share count increased 11.2% between July 2025 and January 2026, its latest share-count filing, to 198M shares. In that 24-month window the company completed three capital raises totalling A$3.0M, most recently a A$600K placement in January 2026. Options and rights on issue could convert into 16M new shares, representing an 8.0% overhang relative to current shares; none are in the money, and the nearest expiry falls in October 2028. RAGUSA MINERALS LTD has under 2 quarters of funding at the recent spend rate. No proposed securities issues are currently pending.
Quick answers · 5
When did RAS last raise capital?
The last capital raise in Ragusa Minerals's filings is Placement of $600k announced 28 Jan 2026, one of 3 cash raises in 24 months.
How much placement capacity does RAS have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does RAS have?
In its quarterly cash report for the quarter ended 30 June 2026, Ragusa Minerals reported $246k of cash and estimated 1.8 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do RAS's options expire?
Unexercised options and rights equal 8% of Ragusa Minerals's shares on issue; the nearest expiry is Oct 2028.
How much has RAS's share count grown?
Ragusa Minerals has 198.2M shares on issue as at 28 Oct 2026, up 11.2% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 9 Sept 2026 | 3H · cancellation | RAS : ORDINARY FULLY PAID | 198.2M | Appendix 3H |
| 29 Jan 2026 | 2A · quoted issue | RAS : ORDINARY FULLY PAID | 198.2M | Appendix 2A |
| 25 Nov 2025 | 3H · cancellation | RAS : ORDINARY FULLY PAID | 178.2M | Appendix 3H |
| 31 Oct 2025 | 3G · unquoted | RAS : ORDINARY FULLY PAID | 178.2M | Appendix 3G |
| 31 Oct 2025 | 3G · unquoted | RAS : ORDINARY FULLY PAID | 178.2M | Appendix 3G |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
3 cash raises in the last 24 months · 1 in the last 12 months
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 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.017 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 15.9M (8.0% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| RASAI | Options | Price-triggered | $0.030 | 31 Oct 2028 | 15.9M | Filing |
“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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 25 Nov 2025 | Jerko Peter Zuvela | Sell | 2.1M | 900k | — | — | 3Y notice |
| 25 Nov 2025 | Melanie Jane Ross | Sell | 167k | 400k | — | — | 3Y notice |
| 25 Nov 2025 | Olaf Sven Frederickson | Sell | 1.0M | 1.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.