Companies / SMI

SANTANA MINERALS LIMITED

ASX:SMIMaterials
985.8M shares on issueASX (delayed) · as of 28 July 2026$0.41price · delayed$399.2Mmarket cap · indicative
B
Dilution grade

Share count grew 1189% in 24 months; 2 cash raises in 24 months

Cash runway11.6 quarters of funding
Share-count growth (24m)1189.1%
Raise cadence (24m)2 cash raises
Options & rights overhang0.3% of sharesconsolidation-adjusted
In-the-money supply0.0% of sharesconsolidation-adjusted
Pending proposed issuesnone

SANTANA MINERALS LIMITED's ordinary share count grew 1189.1% between July 2024 and April 2026, to 986M shares; this figure is adjusted for the approximately 1-for-2.7 share consolidation that occurred in September 2024. The company raised capital twice in the 24-month window for total proceeds of A$197.1M, most recently A$134.1M raised in February 2026. Options and rights could convert into 3M new shares, equal to 0.3% of the current share count, with 0% in the money and the nearest expiry in October 2026; these option figures are consolidation-adjusted. At the March 2026 quarter the company reported A$168.4M in cash, equal to 11.6 quarters of cover. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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0.3%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
11.6 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. Adjusted for the 1-for-2.7 consolidation (24 Sept 2024). Latest count 985.8M per ASX (delayed) (28 July 2026).
712.5M812.8M913.1MDec 24Sept 25July 26Cash raise · 13 Feb 2026Cash raise · 6 Aug 2025

Cash runway

11.6 qtrs
More than four quarters of funding at the recent spend rate.
$168.4M 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
8 Apr 20262A · quoted issueSMI : ORDINARY FULLY PAID985.8MAppendix 2A
20 Mar 20262A · quoted issueSMI : ORDINARY FULLY PAID966.8MAppendix 2A
24 Feb 20262A · quoted issueSMI : ORDINARY FULLY PAID962.3MAppendix 2A
14 Jan 20262A · quoted issueSMI : ORDINARY FULLY PAID836.8MAppendix 2A
18 Dec 20252A · quoted issueSMI : ORDINARY FULLY PAID835.6MAppendix 2A
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

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

$134.1M
Capital raise
13 Feb 2026
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

consolidation-adjusted Figures rebased for the share consolidation in the last 24 months.

0.3%
Total overhang · of current shares
0.0%
In the money · at current price
3.0M
Potential new shares
Oct 2026
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
8 July 2026Peter CookBuy1.6M4.5M$709k3Y notice
7 July 2026Samuel SmithBuy22k——3Y notice
7 July 2026Damian SpringBuy18k——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

27 July 2026Bendigo-Ophir Gold Project - Fast Track Application Update
26 July 2026$PBonanza Gold Hits from RAS Stage 1 Area
20 July 2026Retirement of Non-Executive Director
9 July 2026Change of Director's Interest Notice - Cook
8 July 2026Change of Director's Interest Notice - Spring
8 July 2026Change of Director's Interest Notice - Smith
7 July 2026$PHigh-grade gold drill results support early-stage mine plan
2 July 2026BOGP - FTA Application to resume processing
25 June 2026BOGP - Fast-track Approvals Update
1 June 2026BOGP - Fast-track Approvals Update
10 May 2026Update on Freehold Land Consent Approval
6 May 2026$PConsent Granted for Bendigo Gold Project Land Purchase
27 Apr 2026$PQuarterly Activities and Cashflow Reports
14 Apr 2026Emerging Northern Growth as CIT Mineralisation Mirrors RAS
8 Apr 2026Completion of Tranche 2 Placement
8 Apr 2026Change of Director's Interest Notice - Cook
8 Apr 2026Change of Director's Interest Notice - Bunting
8 Apr 2026Change of Director's Interest Notice - Scotney
8 Apr 2026Application for quotation of securities - SMI
31 Mar 2026Results of General Meeting of Shareholders

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