Companies / TLM

TALISMAN MINING LIMITED

ASX:TLMMaterials
235.3M shares on issueASX (delayed) · snapshot 11 Sept 2026248.2M fully diluted+5.5% if every option and right converts$0.070price · delayed$16.5Mmarket cap · indicative

Today’s holders own 94.8% of what they think they own, once every option and right converts.

Low
Dilution risk

1 cash raise in 24 months; options/rights overhang 6% of shares; proposed issue pending

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway10.8 quarters of funding
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)1 cash raise
Options & rights overhang5.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

TALISMAN MINING LIMITED's ordinary share count stood at 235M as of September 2026. The company lodged no new share-issuance filings since January 2024. In the past 24 months, TALISMAN MINING LIMITED completed one capital raise, a A$4.0M placement in August 2026, bringing total proceeds in that period to A$4.0M. Options on issue represent a potential 13M new shares, or 5.5% of the current count, with the nearest expiry in December 2026; none are currently in the money. As of the June 2026 quarter, the company reported A$6.6M in cash, covering approximately 10.9 quarters. Two proposed securities issues (Appendix 3B) are pending, with the nearest proposed date in October 2026.

AI-generated summary of this page's cited filings · updated 10 Sept 2026
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5.5%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
10.8 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 235.3M per ASX (delayed) (snapshot 11 Sept 2026).
190M200M210M220M230MDec 24Oct 25Sept 26Cash raise · 27 Aug 2026235.3M

Cash runway

10.8 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Feb 2029 at the reported spend rate.
$6.6M 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: $3.1M cash at quarter end (item 4.6), 2.9 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
10 Sept 20262A · quoted issueTLM : ORDINARY FULLY PAID235.3MAppendix 2A
28 Apr 20263H · cancellationTLM : ORDINARY FULLY PAID188.3MAppendix 3H
10 Apr 20263H · cancellationTLM : ORDINARY FULLY PAID188.3MAppendix 3H
14 Jan 20263H · cancellationTLM : ORDINARY FULLY PAID188.3MAppendix 3H
6 Jan 20263G · unquotedTLM : ORDINARY FULLY PAID188.3MAppendix 3G
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16 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

1 cash raise in the last 24 months · 1 in the last 12 months

$4.0M
Placement
27 Aug 2026 ACTIVE
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1 raise 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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9 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. 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

2 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
2 pending issues on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

5.5%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
12.9M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
6.5M12.9M$0.070 now0.25× today ($0.018) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.035) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.053) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.070) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.088) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.105) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.140) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.210) — 1.8M of the priced supply in the money, 0.8% of shares on issue5× today ($0.350) — 12.9M of the priced supply in the money, 5.5% of shares on issue10× today ($0.700) — 12.9M of the priced supply in the money, 5.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.070 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 1.8M (0.8% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
TLMAAOptionsPrice-triggered$0.2015 Dec 20261.8MFiling
TLMACOptionsPrice-triggered$0.2531 Oct 20271.3MFiling
TLMADOptionsPrice-triggered$0.267 Dec 20272.8MFiling
TLMABOptionsPrice-triggered$0.2615 Dec 20271.7MFiling
TLMAEOptionsPrice-triggered$0.344 Dec 20281.3MFiling
TLMAFOptionsPrice-triggered$0.3430 Apr 20292.3MFiling
TLMAGOptionsPrice-triggered$0.2315 Dec 20291.8MFiling

“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.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • TLMAIPrice-triggered1.3M securities → 028 Apr 2026 Appendix 2A
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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
20 Nov 2025Andrew Timothy MuncktonBuy on-market200k——$20k3Y notice
30 Apr 2025Andrew Timothy MuncktonOther incentive—1.3M——3Y notice
30 Apr 2025Brian DawesOther incentive569k212k——3Y notice
30 Apr 2025Jeremy KirkwoodOther incentive419k212k——3Y notice
30 Apr 2025Kerry Kyriakos HarmanisOther incentive25.9M340k——3Y notice
30 Apr 2025Peter BenjaminOther incentive435k212k——3Y notice
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10 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

11 Sept 2026Change in substantial holding - Kerry Harmanis
10 Sept 2026Application for quotation of securities - TLM
10 Sept 2026Tranche 1 Placement Shares - s708A Notice
7 Sept 2026RRS Gold Coast Investor Presentation
7 Sept 2026Talisman to Present at Resources Rising Stars - Gold Coast
1 Sept 2026Proposed issue of securities - TLM
1 Sept 2026Proposed issue of securities - TLM
1 Sept 2026$P$4M Capital Raising to Accelerate Exploration and Growth
30 Aug 2026$PTrading Halt
25 Aug 2026Final Director's Interest Notice - Peter Benjamin
25 Aug 2026Final Director's Interest Notice - Andrew Munckton
25 Aug 2026Proposed issue of securities - TLM
25 Aug 2026Initial Director's Interest Notice - Mark Cossom
25 Aug 2026Initial Director's Interest Notice - Todd Ross
19 Aug 2026$PTLM Announces Board Changes to Drive Next Growth Chapter
29 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
26 July 2026$PLarge-scale gold system emerging at Sheepyard Prospect
7 July 2026Investor Presentation - A New Chapter
26 May 2026$PTalisman Mining Announces Leadership Succession
19 May 2026New Phase of AC Drilling Commences at East Peak Hill

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