RIVERSGOLD LIMITED

ASX:RGLMaterials

2.30B shares on issueASX (delayed) · snapshot 11 Sept 20262.98B fully diluted+29.4% if every option and right converts$0.012price · delayed$27.6Mmarket cap · indicative

Today’s holders own 77.3% of what they think they own, once every option and right converts.

Very high

Dilution risk

Runway under 2 quarters; share count grew 73% in 24 months; 3 cash raises in 24 months

Absolute levels — not a ranking against other companies.

Cash runway0.6 quarters of funding

Share-count growth (24m)73.4%

Raise cadence (24m)3 cash raises

Options & rights overhang29.4% of shares

In-the-money supply5.9% of shares

Pending proposed issuesnone

RIVERSGOLD LIMITED's ordinary share count grew 73.4% between July 2024 and June 2026, reaching 2.30B shares. In the past 24 months, the company raised capital three times for total disclosed proceeds of A$5.3M, with the most recent being a A$2.1M placement in January 2026. Options and rights on issue could convert into 678M new shares, representing 29.4% of the current share count, of which 6% are in the money at the current share price; the nearest expiry is July 2027. At the June 2026 quarter, the company reported A$592K in available cash, covering approximately 0.6 quarters of operations.

AI-generated summary of this page's cited filings · updated 11 Sept 2026

Get told when this changes

Set up alerts

Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.

29.4%

Options & rights overhang

5.9%

In-the-money supply · most strikes not on record

Raises · last 12 months

0.6 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 2.30B per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

0.6 qtrs

Less than two quarters of funding at the recent spend rate — near-term funding pressure.

The latest quarterly report funded operations to about Aug 2026 — that date has passed, and no later report is on record.

$581k 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: $1.2M cash at quarter end (item 4.6), 1.3 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.

Free account

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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Issuance timeline

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

Date	Form	Security	On issue, per this filing	Source
16 June 2026	2A · quoted issue	RGL : ORDINARY FULLY PAID	2.30B	Appendix 2A
30 Apr 2026	2A · quoted issue	RGL : ORDINARY FULLY PAID	2.30B	Appendix 2A
5 Mar 2026	2A · quoted issue	RGL : ORDINARY FULLY PAID	2.30B	Appendix 2A
28 Jan 2026	2A · quoted issue	RGL : ORDINARY FULLY PAID	2.28B	Appendix 2A
28 Jan 2026	2A · quoted issue	RGL : ORDINARY FULLY PAID	2.09B	Appendix 2A

Free account

24 filings on record — Full issuance history

Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Capital raises

3 cash raises in the last 24 months · 2 in the last 12 months

every 7.7 monthsaverage gap between raises

7.9 monthssince the most recent

4 Oct 2024 – 14 Jan 2026first to most recent in this window

$2.1M

Placement

14 Jan 2026

Free account

3 raises on record — Full raise history

Issue price, shares issued, brokers and stated purpose for every raise on record.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

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.

134.0M of option supply could convert within 12 months — 5.8% of shares on issue

134.0M in the money, expiring in the window

Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.

Free account

5 dated events on record — Forward supply calendar

Option expiries and proposed issues on one forward timeline, with the securities each could add.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

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 9% of the 15% placement capacity left — about 91% 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.

Free account

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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

29.4%

Options & rights overhang · of current shares

5.9%

In-the-money supply · most strikes not on record

677.8M

Potential new shares

July 2027

Nearest expiry

What a price move would switch on

At $0.012 today, 135.3M securities are in the money (5.9% of shares on issue) — a floor, because an exercise price is on record for only 49.5% of this supply. No more priced supply until 1.25× today’s price, which takes it to 235.3M (10.2% 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.
342.5M (50.5% 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.

Code	Security	Type	Exercise price	Expiry	On issue	Source
RGLAW	Options	Price-triggered	$0.010	12 July 2027	134.0M	Filing
RGLO	Options	Price-triggered	—	20 Dec 2027	342.5M	Filing
RGLAX	Options	Price-triggered	$0.008	23 Dec 2027	1.3M	Filing
RGLAY	Options	Price-triggered	$0.012	9 Dec 2029	100.0M	Filing
RGLAZ	Options	Price-triggered	$0.015	9 Dec 2029	100.0M	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.

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.

RGLAJPrice-triggered10.0M securities → 023 Dec 2025 Appendix 2A

Free account

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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Director dealings

Date	Director	Type	Shares	Options	Other	Value	Source
9 Dec 2025	David Lenigas	Other	—	40.0M	—	—	3Y notice
9 Dec 2025	Edward Mead	Other	—	40.0M	—	—	3Y notice
9 Dec 2025	Simon Andrew	Other	—	40.0M	—	—	3Y notice