SARAMA RESOURCES LTD
ASX:SRRMaterialsToday’s holders own 81.4% of what they think they own, once every option and right converts.
Share count grew 202% in 24 months; 3 cash raises in 24 months; options/rights overhang 23% of shares
SARAMA RESOURCES LTD had 504M ordinary shares outstanding as of June 2026. The company has raised capital three times in the past 24 months, totalling A$6.9M, with the latest being a A$1.5M placement in May 2026. Currently, there are options on issue that could convert into 115M new shares, representing 22.8% of the current share count, all of which are out-of-the-money; the nearest expiry date is December 2026. SARAMA RESOURCES LTD has not lodged a current quarterly cash report, so no cash balance or funding runway figure is available. No proposed securities issues are currently pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 31 Aug 2026 | 3G · unquoted | CHESS DEPOSITARY INTERESTS 1:1 | 400.7M | Appendix 3G |
| 22 June 2026 | 3H · cancellation | SRR : CHESS DEPOSITARY INTERESTS | 402.9M | Appendix 3H |
| 15 June 2026 | 3H · cancellation | SRR : CHESS DEPOSITARY INTERESTS 1:1 | 402.9M | Appendix 3H |
| 29 May 2026 | 2A · quoted issue | SRR : CHESS DEPOSITARY INTERESTS 1:1 | 402.9M | Appendix 2A |
| 21 Apr 2026 | 3H · cancellation | SRR : CHESS DEPOSITARY INTERESTS 1:1 | 362.5M | Appendix 3H |
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 (400.7M) need not equal the current count above (503.6M).
Capital raises
3 cash raises in the last 24 months · 1 in the last 12 months
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered101.8M · 20.2% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered13.1M · 2.6% 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: 101.8M priced, 13.1M 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 $0.029 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 9.9M (2.0% 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.
- 13.1M (11.4% 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 |
|---|---|---|---|---|---|---|
| SRRAQ | Options | Price-triggered | $0.050 | 5 Dec 2026 | 7.5M | Filing |
| SRRAP | Options | Price-triggered | $0.030 | 23 July 2027 | 9.9M | Filing |
| SRRAT | Options | Price-triggered | $0.040 | 2 Apr 2028 | 4.5M | Filing |
| SRRAR | Options | Price-triggered | $0.090 | 30 Nov 2028 | 79.8M | Filing |
| SRRAS | Performance rights | Condition-triggered | — | — | 13.1M | 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.
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 |
|---|---|---|---|---|---|---|---|
| 21 June 2026 | Andrew Dinning | Sell | — | 100k | — | — | 3Y notice |
| 20 Apr 2026 | Adrian Byass | Sell | — | 300k | — | — | 3Y notice |
| 20 Apr 2026 | Andrew Dinning | Other | — | 1.9M | — | — | 3Y notice |
| 20 Apr 2026 | Simon Jackson | Sell | 423k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.