Companies / T88

TAITON RESOURCES LIMITED

ASX:T88Materials
123.8M shares on issueASX (delayed) · snapshot 11 Sept 2026198.5M fully diluted+60.3% if every option and right converts$0.054price · delayed$6.7Mmarket cap · indicative

Today’s holders own 62.4% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 68% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.0 quarters of funding
Share-count growth (24m)67.7%
Raise cadence (24m)4 cash raises
Options & rights overhang60.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

TAITON RESOURCES LIMITED's ordinary share count grew 126.7% between October 2024 and July 2026, reaching 124M shares. Over the past 24 months, the company raised capital four times for a total disclosed A$5.5M, most recently a A$1.2M placement in April 2026. Options and rights on issue could convert into 75M new shares, representing 60.3% of the current share count, with the nearest expiry in December 2026. None of these options are currently in the money. As of the June 2026 quarter, the company held A$24K in available cash, covering approximately 0.0 quarters of its operating expenses. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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60.3%
Options & rights overhang
0.0%
In-the-money supply
3
Raises · last 12 months
0.0 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 123.8M per ASX (delayed) (snapshot 11 Sept 2026).
75M100M125MDec 24Oct 25Sept 26Cash raise · 16 Apr 2026Cash raise · 3 Oct 2025Cash raise · 1 Oct 2025123.8M

Cash runway

0.0 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$15k 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: $628k cash at quarter end (item 4.6), 2.2 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
8 July 20262A · quoted issueT88 : ORDINARY FULLY PAID123.8MAppendix 2A
8 July 20263G · unquotedORDINARY FULLY PAID123.4MAppendix 3G
8 July 20263G · unquotedT88 : ORDINARY FULLY PAID123.4MAppendix 3G
8 July 20263G · unquotedORDINARY FULLY PAID123.4MAppendix 3G
30 June 20262A · quoted issueT88 : ORDINARY FULLY PAID123.4MAppendix 2A
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27 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

4 cash raises in the last 24 months · 3 in the last 12 months

every 6 monthsaverage gap between raises
4.9 monthssince the most recent
17 Oct 2024 – 16 Apr 2026first to most recent in this window
$1.2M
Placement
16 Apr 2026 COMPLETE
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4 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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6 dated events 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.

Under 1% of the 15% placement capacity left — about 99% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. One filing in the window states more under 7.1 than the whole allowance and is not counted, so usage may be higher than this. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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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

60.3%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
74.7M
Potential new shares
Dec 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered68.7M · 55.4% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered6.0M · 4.8% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 68.7M priced, 6.0M 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.

What a price move would switch on
37.3M74.7M$0.054 now0.25× today ($0.013) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.027) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.041) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.054) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.068) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.081) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.108) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.162) — 55.2M of the priced supply in the money, 44.6% of shares on issue5× today ($0.270) — 68.7M of the priced supply in the money, 55.4% of shares on issue10× today ($0.540) — 68.7M of the priced supply in the money, 55.4% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.054 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 55.2M (44.6% 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.
  • 6.0M (8.0% 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
T88ADOptionsPrice-triggered$0.259 Dec 20266.7MFiling
T88AHOptionsPrice-triggered$0.2011 Dec 20265.8MFiling
T88AIOptionsPrice-triggered$0.2030 June 2027983kFiling
T88AJOptionsPrice-triggered$0.151 Dec 20273.5MFiling
T88ALOptionsPrice-triggered$0.1531 Dec 202713.1MFiling
T88AMOptionsPrice-triggered$0.1530 June 202938.6MFiling
T88AFPerformance rightsCondition-triggered——6.0MFiling 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.

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7 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
26 Aug 2026Shane Alexander TomlinsonBuy on-market125k——$6k3Y notice
24 June 2026Chee Cheong (David) LowBuy placement286k643k2.0M$20k3Y notice
24 June 2026Shane Alexander TomlinsonBuy placement286k9k—$20k3Y notice
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13 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

30 Aug 2026Change of Director's Interest Notice - ST
25 Aug 2026$PTaiton Expands Challenger West Gold-Copper Project
30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
8 July 2026Notification regarding unquoted securities - T88
8 July 2026Update - Notification regarding unquoted securities - T88
8 July 2026Notification regarding unquoted securities - T88
8 July 2026Application for quotation of securities - T88
7 July 2026$PPlacement of Shares to Directors & Management
30 June 2026Application for quotation of securities - T88
30 June 2026$PIssuance of Share from Placement Undertakings
30 June 2026Change of Director's Interest Notice DL & ST
29 June 2026Notification regarding unquoted securities - T88
23 June 2026Application for quotation of securities - T88
23 June 2026Placement of Shares to Directors & Management
23 June 2026$PSouth Australian Exploration Update
19 June 2026Results of General Meeting
27 May 2026$PYogi Drill Core For Assay And Soil Program to Commence
18 May 2026Letter to Shareholders
18 May 2026Notice of General Meeting/Proxy Form
7 May 2026$PExploration Update

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