Companies / TXR

TALONX RESOURCES LIMITED

ASX:TXRMaterials
932.0M shares on issueASX (delayed) · snapshot 11 Sept 20261.25B fully diluted+34.0% if every option and right converts$0.007price · delayed$6.5Mmarket cap · indicative

Today’s holders own 74.6% of what they think they own, once every option and right converts.

Moderate
Dilution riskprovisional — limited history

Runway under 2 quarters; options/rights overhang 34% of shares; 1 cash raise in 24 months; since relisting as TXR; prior history under MTB not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.6 quarters of funding
Share-count growth (24m)0.0%no issuance filings since 2024; since relisting as TXR; prior history under MTB not included
Raise cadence (24m)1 cash raisesince relisting as TXR; prior history under MTB not included
Options & rights overhang34.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

TALONX RESOURCES LIMITED's ordinary share count stood at 932M as of March 2026. The company lodged no new share-issuance filings since January 2024, though a placement in March 2026 raised A$750K. This was the only raise in the 24-month window. Options and rights on issue could convert into 317M new shares, representing 34.0% of the current share count, with none currently in the money; the nearest expiry is December 2026. As of the June 2026 quarter, TALONX RESOURCES LIMITED reported A$477K in available cash, sufficient for approximately 1.6 quarters of operations. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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34.0%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
1.6 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. Shown since relisting as TXR (5 Jan 2026); prior history under MTB is not included. Latest count 932.0M per ASX (delayed) (snapshot 11 Sept 2026).
875M900M925MJan 26May 26Sept 26Cash raise · 24 Mar 2026932.0M

Cash runway

1.6 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Nov 2026 at the reported spend rate.
$474k 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: $712k cash at quarter end (item 4.6), 2.5 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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3 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 1 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
31 Mar 20262A · quoted issueTXR : ORDINARY FULLY PAID932.0MAppendix 2A
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1 filing 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 · counted since relisting as TXR (5 Jan 2026); prior history under MTB is not included

$750k
Placement
24 Mar 2026
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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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4 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.

No estimateno share count old enough to measure 15% of.
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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

34.0%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
316.7M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
158.3M316.7M$0.007 now0.25× today ($0.002) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.009) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.011) — 150.7M of the priced supply in the money, 16.2% of shares on issue2× today ($0.014) — 150.7M of the priced supply in the money, 16.2% of shares on issue3× today ($0.021) — 202.0M of the priced supply in the money, 21.7% of shares on issue5× today ($0.035) — 252.0M of the priced supply in the money, 27.0% of shares on issue10× today ($0.070) — 252.0M of the priced supply in the money, 27.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.007 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 150.7M (16.2% 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.
  • 64.7M (20.4% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
TXRANOptionsPrice-triggered$0.02010 Dec 20261.3MFiling
TXRAPOptionsPrice-triggered$0.01013 Oct 2028150.7MFiling
TXRABOptionsPrice-triggered$0.01824 Nov 202850.0MFiling
TXRACOptionsPrice-triggered$0.02424 Nov 202950.0MFiling
TXRAOOptionsPrice-triggered64.7MFiling

“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.

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5 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

No director dealing notices (Appendix 3Y) on record.
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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

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