Companies / SLB

STELAR METALS LIMITED

ASX:SLBMaterials
67.6M shares on issueASX (delayed) · as of 28 July 2026$0.24price · delayed$14.5Mmarket cap · indicative
B
Dilution grade

Share count grew 6% in 24 months; proposed issue pending; 3% of shares in the money

Cash runway12.7 quarters of funding
Share-count growth (24m)6.3%
Raise cadence (24m)0 cash raises
Options & rights overhang4.1% of shares
In-the-money supply2.6% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

STELAR METALS LIMITED's ordinary share count grew 6.3% between March 2024 and May 2026 to 68M shares. There were no capital raises in the 24‑month window. Options and rights on issue could convert into 3M new shares, equal to 4.1% of the current share count, with 3% in the money and the nearest expiry in December 2028. At the March 2026 quarter the company reported A$1.7M in cash, equivalent to 12.7 quarters of cover at its reported burn rate. No proposed securities issues (Appendix 3B) are currently pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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4.1%
Max option dilution
2.6%
ITM option dilution
0
Raises · last 12 months
12.7 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 67.6M per ASX (delayed) (28 July 2026).
64.4M65.6M66.7MDec 24Sept 25July 26

Cash runway

12.7 qtrs
More than four quarters of funding at the recent spend rate.
$1.7M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
10 July 20263G · unquotedSLB : ORDINARY FULLY PAID67.6MAppendix 3G
10 July 20263G · unquotedSLB : ORDINARY FULLY PAID67.6MAppendix 3G
19 May 20262A · quoted issueSLB : ORDINARY FULLY PAID67.6MAppendix 2A
30 Dec 20253G · unquotedSLB : ORDINARY FULLY PAID64.6MAppendix 3G
22 Dec 20253H · cancellationSLB : ORDINARY FULLY PAID64.6MAppendix 3H
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

No equity raises in the last 24 months.
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

4.1%
Total overhang · of current shares
2.6%
In the money · at current price
2.8M
Potential new shares
Dec 2028
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
9 July 2026Stephen Richard BigginsOther—1.0M—3Y notice
26 Mar 2026Stephen Richard BigginsOther—750k—3Y notice
30 Dec 2025Geoffrey Leonard WebsterOther483k500k—3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

23 July 2026$PResponse to ASX Price Query
21 July 2026$PNew Tungsten Drill Targets Defined by UHD Airborne Survey
13 July 2026Initial Director's Interest Notice
13 July 2026Director Appointment
13 July 2026Change of Director's Interest Notice - S Biggins
12 July 2026$PWidespread High-Grade Tungsten Discovered at Hill of Leaders
10 July 2026Notification regarding unquoted securities - SLB
10 July 2026Notification regarding unquoted securities - SLB
6 July 2026Ultra-High Definition Airborne Survey at Hill of Leaders
6 July 2026Issue of Options and Performance Rights
6 July 2026Proposed issue of securities - SLB
6 July 2026Proposed issue of securities - SLB
1 July 2026$PAdditional Tungsten Discovered at Hill of Leaders Project
19 June 2026Results of General Meeting
17 June 2026Phase 1 Tungsten Fieldwork Update Amended
15 June 2026Phase 1 Tungsten Fieldwork Update Hill of Leaders Project
8 June 2026Phase 1 Tungsten Fieldwork Completed at Hill of Leaders Proj
27 May 2026Field Program Commences at Hill of Leaders Tungsten Project
20 May 2026Notice of General Meeting/Proxy Form
20 May 2026Cleansing Notice

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.