Companies / RTG

RTG MINING INC.

ASX:RTGMaterials
1.92B shares on issueASX (delayed) · snapshot 11 Sept 20261.94B fully diluted+0.8% if every option and right converts$0.045price · delayed$86.4Mmarket cap · indicative

Today’s holders own 99.2% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 48% in 24 months; runway 4–8 quarters; 2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway5.6 quarters of funding
Share-count growth (24m)47.8%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)2 cash raises
Options & rights overhang0.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

RTG MINING INC. had 1.92B shares on issue as of November 2025. The share count series from filings ends earlier than this date, so growth over the 24-month window is not stated. The company raised capital twice in the past 24 months, for total disclosed proceeds of A$19.6M, most recently a A$15.3M placement in May 2025. Options and rights on issue could convert into 16M new shares, equal to 0.8% of the current share count; the nearest expiry falls in June 2028. As of the June 2026 quarter, the company reported A$5.0M in available cash, covering approximately 5.6 quarters of operations. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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0.8%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
5.6 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 1.92B per ASX (delayed) (snapshot 11 Sept 2026).
1.25B1.50B1.75BDec 24Oct 25Sept 26Cash raise · 30 May 2025Cash raise · 10 Apr 20251.92B

Cash runway

5.6 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Nov 2027 at the reported spend rate.
$5.0M 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: $5.7M cash at quarter end (item 4.6), 6.4 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
9 Sept 20263H · cancellationRTG : CHESS DEPOSITARY INTERESTS 1:11.84BAppendix 3H
25 Nov 20252A · quoted issueRTG : CHESS DEPOSITARY INTERESTS 1:11.85BAppendix 2A
17 July 20253H · cancellationCHESS DEPOSITARY INTERESTS1.86BAppendix 3H
1 July 20253H · cancellationCHESS DEPOSITARY INTERESTS1.86BAppendix 3H
2 June 20252A · quoted issueRTG : CHESS DEPOSITARY INTERESTS 1:11.86BAppendix 2A

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 (1.84B) need not equal the current count above (1.92B).

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8 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

2 cash raises in the last 24 months · 0 in the last 12 months

every 1.6 monthsaverage gap between raises
15.4 monthssince the most recent
10 Apr 202530 May 2025first to most recent in this window
$15.3M
Placement
30 May 2025
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2 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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1 dated event 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

0.8%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
15.8M
Potential new shares
June 2028
Nearest expiry
What a price move would switch on
7.9M15.8M$0.045 now0.25× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.022) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.034) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.045) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.056) — 10.0M of the priced supply in the money, 0.5% of shares on issue1.5× today ($0.068) — 10.0M of the priced supply in the money, 0.5% of shares on issue2× today ($0.090) — 10.0M of the priced supply in the money, 0.5% of shares on issue3× today ($0.135) — 10.0M of the priced supply in the money, 0.5% of shares on issue5× today ($0.225) — 10.0M of the priced supply in the money, 0.5% of shares on issue10× today ($0.450) — 10.0M of the priced supply in the money, 0.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.045 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 10.0M (0.5% 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.
  • 5.8M (36.8% 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
RTGAGOptionsPrice-triggered$0.05015 June 202810.0MFiling
RTGABOptionsPrice-triggered5.8MFiling

“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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2 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 June 2025Justine MageeOther placement1.0M3Y notice
2 June 2025Michael CarrickOther placement2.0M3Y notice
2 June 2025Phillip LockyerOther placement1.0M3Y notice
2 June 2025Robert ScottOther placement3.0M3Y notice
2 June 2025Sean FielerOther placement145.0M3Y notice
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5 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

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