TALISMAN MINING LIMITED
ASX:TLMMaterialsToday’s holders own 94.8% of what they think they own, once every option and right converts.
Runway 2–4 quarters; 1 cash raise in 24 months; options/rights overhang 6% of shares
TALISMAN MINING LIMITED has not lodged any new share-issuance filings since January 2024, and its only filing on record is for September 2026 showing 235M shares. In the past 24 months the company raised A$4.0M through a Placement in September 2026. Options and rights on issue could convert into 13M new shares, equal to 5.5% of the current share count, with none in the money; the nearest expiry is December 2026. The company has 2 to 4 quarters of funding at the recent spend rate (quarter ending September 2026). One proposed securities issue (Appendix 3B) is pending, with an expected issue date in December 2026.
Quick answers · 4
Is TLM raising capital?
Talisman Mining has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $4.0M on 2 Sept 2026.
How much placement capacity does TLM have left?
Under 1% of the 15% placement capacity left, about 99% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does TLM have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Talisman Mining reported $4.8M of cash and estimated 3.7 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do TLM's options expire?
Unexercised options and rights equal 5.5% of Talisman Mining's shares on issue; the nearest expiry is Dec 2026.
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 |
|---|---|---|---|---|
| 10 Sept 2026 | 2A · quoted issue | TLM : ORDINARY FULLY PAID | 235.3M | Appendix 2A |
| 28 Apr 2026 | 3H · cancellation | TLM : ORDINARY FULLY PAID | 188.3M | Appendix 3H |
| 10 Apr 2026 | 3H · cancellation | TLM : ORDINARY FULLY PAID | 188.3M | Appendix 3H |
| 15 Jan 2026 | 3H · cancellation | TLM : ORDINARY FULLY PAID | 188.3M | Appendix 3H |
| 6 Jan 2026 | 3G · unquoted | TLM : ORDINARY FULLY PAID | 188.3M | Appendix 3G |
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
1 cash raise in the last 24 months · 1 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.
- October 2026 · Drilling program completion (to complete)
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
At $0.051 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 5× today’s price, which takes it to 4.9M (2.1% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| TLMAA | Options | Price-triggered | $0.20 | 15 Dec 2026 | 1.8M | Filing |
| TLMAC | Options | Price-triggered | $0.25 | 31 Oct 2027 | 1.3M | Filing |
| TLMAD | Options | Price-triggered | $0.26 | 7 Dec 2027 | 2.8M | Filing |
| TLMAB | Options | Price-triggered | $0.26 | 15 Dec 2027 | 1.7M | Filing |
| TLMAE | Options | Price-triggered | $0.34 | 4 Dec 2028 | 1.3M | Filing |
| TLMAF | Options | Price-triggered | $0.34 | 30 Apr 2029 | 2.3M | Filing |
| TLMAG | Options | Price-triggered | $0.23 | 15 Dec 2029 | 1.8M | Filing |
“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.
- TLMAIPrice-triggered1.3M securities → 028 Apr 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 20 Nov 2025 | Andrew Timothy Munckton | Buy on-market | 200k | — | — | $20k | 3Y notice |
| 30 Apr 2025 | Andrew Timothy Munckton | Other incentive | — | 1.3M | — | — | 3Y notice |
| 30 Apr 2025 | Brian Dawes | Other incentive | 569k | 212k | — | — | 3Y notice |
| 30 Apr 2025 | Jeremy Kirkwood | Other incentive | 419k | 212k | — | — | 3Y notice |
| 30 Apr 2025 | Kerry Kyriakos Harmanis | Other incentive | 25.9M | 340k | — | — | 3Y notice |
| 30 Apr 2025 | Peter Benjamin | Other incentive | 435k | 212k | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.