ST GEORGE MINING LIMITED
ASX:SGQMaterialsToday’s holders own 83.1% of what they think they own, once every option and right converts.
Share count grew 332% in 24 months; 9 cash raises in 24 months; options/rights overhang 20% of shares
Between August 2024 and October 2026, its latest share-count filing, ST GEORGE MINING LIMITED's ordinary shares rose 331.9% to 4.70B. Over the past 24 months, the company conducted nine capital raises totalling A$160.5M in disclosed proceeds, most recently a A$60.0M placement in June 2026. Options and rights could add up to 956M new shares, representing a 20.3% overhang on the current count; none are in the money, and the nearest expiry is November 2026. The company reports more than 4 quarters of funding at the recent spend rate. No proposed securities issues are currently pending.
Quick answers · 3
When did SGQ last raise capital?
The last capital raise in St George Mining's filings is Placement of $60.0M announced 17 June 2026, one of 9 cash raises in 24 months.
When do SGQ's options expire?
Unexercised options and rights equal 20.3% of St George Mining's shares on issue; the nearest expiry is Nov 2026.
How much has SGQ's share count grown?
St George Mining has 4.70B shares on issue as at 28 Oct 2026, up 331.9% 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 |
|---|---|---|---|---|
| 20 Oct 2026 | 2A · quoted issue | SGQ : ORDINARY FULLY PAID | 4.70B | Appendix 2A |
| 18 Sept 2026 | 2A · quoted issue | SGQ : ORDINARY FULLY PAID | 4.70B | Appendix 2A |
| 11 Sept 2026 | 2A · quoted issue | SGQ : ORDINARY FULLY PAID | 4.70B | Appendix 2A |
| 3 Sept 2026 | 2A · quoted issue | SGQ : ORDINARY FULLY PAID | 4.69B | Appendix 2A |
| 3 Sept 2026 | 2A · quoted issue | SGQ : ORDINARY FULLY PAID | 4.70B | Appendix 2A |
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
9 cash raises in the last 24 months · 3 in the last 12 months
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- by end 2026 · Beneficiation test work results availability (results due)
- by end 2026 · Pilot plant study results availability (results due)
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
- Price-triggered886.6M · 18.9% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 851.2M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered69.3M · 1.5% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 31.1M priced (of which 15.0M in the money), 4.3M at a stated nil price, 920.4M 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.
At $0.057 today, 15.0M securities are in the money (0.3% of shares on issue) — a floor, because an exercise price is on record for only 3.3% of this supply. No more priced supply until 1.25× today’s price, which takes it to 31.1M (0.7% 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.
- 4.3M (0.4% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
- 920.4M (96.3% 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 |
|---|---|---|---|---|---|---|
| SGQAB | Options | Price-triggered | $0.060 | 17 Nov 2026 | 16.1M | Filing |
| SGQOC | Options | Price-triggered, no exercise price stated | — | 24 Feb 2027 | 841.2M | Filing |
| SGQAD | Options | Price-triggered | $0.044 | 15 Sept 2027 | 15.0M | Filing |
| SGQAT | Options | Price-triggered | Nil | — | 4.3M | Filing |
| SGQAQ | Options | Price-triggered, no exercise price stated | — | — | 10.0M | Filing |
| SGQAC | Performance rights | Condition-triggered | — | — | 69.3M | Filing 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. For what expires soon across other listed companies, see the options expiry calendar.
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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 18 Aug 2026 | John Dawson | Other incentive | 6.0M | — | — | — | 3Y notice |
| 18 Aug 2026 | Sarah Shipway | Other incentive | 6.0M | — | — | — | 3Y notice |
| 15 July 2026 | John Dawson | Other incentive | — | 12.0M | — | — | 3Y notice |
| 15 July 2026 | John Prineas | Other incentive | — | 32.0M | 2.0M | — | 3Y notice |
| 15 July 2026 | Sarah Shipway | Other incentive | — | 12.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.