Companies / WYX

WESTERN YILGARN NL

ASX:WYXMaterials
172.0M shares on issueASX (delayed) · snapshot 28 Oct 2026319.8M fully diluted+86.0% if every option and right converts$0.035price · delayed$6.4MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 53.8% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 70% in 24 months; 6 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.9 quarters of funding
Share-count growth (24m)70.2%
Raise cadence (24m)6 cash raises
Options & rights overhang86.0% of shares
In-the-money supply4.8% of shares
Pending proposed issuesnone

Between October 2024 and August 2026, its latest share-count filing, WESTERN YILGARN NL's ordinary shares rose 70.2% to 172M. In the past 24 months it raised capital six times for total disclosed proceeds of A$2.3M, most recently a Security Purchase Plan in July 2026 raising A$440K. Options and rights on issue could convert into 148M new shares, representing an 86.0% overhang of current shares, of which 5% are in the money at the current share price; the nearest expiry falls in November 2026. The company has under 2 quarters of funding at the recent spend rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 25 Oct 2026
Quick answers · 5

When did WYX last raise capital?

The last capital raise in Western Yilgarn's filings is Security Purchase Plan of $440k announced 15 July 2026, one of 6 cash raises in 24 months.

How much placement capacity does WYX have left?

About 30% of the 15% placement capacity left, about 70% 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 WYX have?

In its quarterly cash report for the quarter ended 30 June 2026, Western Yilgarn reported $159k of cash and estimated 0.8 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do WYX's options expire?

Unexercised options and rights equal 86% of Western Yilgarn's shares on issue; the nearest expiry is Nov 2026.

How much has WYX's share count grown?

Western Yilgarn has 172.0M shares on issue as at 28 Oct 2026, up 70.2% over 24 months according to its Appendix 2A filings.

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86.0%
Options & rights overhang
4.8%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply · most strikes not on record
1
Raises · last 12 months
0.9 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 172.0M per ASX (delayed) (snapshot 28 Oct 2026).
100M125M150M175MDec 24Nov 25Oct 26Cash raise · 15 July 2026Cash raise · 3 Oct 2025Cash raise · 7 Apr 2025Cash raise · 7 Apr 2025Cash raise · 31 Mar 2025Cash raise · 2 Dec 2024172.0M

Cash runway

0.9 qtrs OURS
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Jan 2027 at the reported spend rate.
Adds the $440k raise announced 19 July 2026 (filing).
FILED 0.8 qtrs · $159k cash · quarter ended 30 June 2026 · before the raise above came in
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$159k cash at 30 Jun 2026 + $440k announced raises − $358k spent ($269k a quarter × 120 days) = $241k left → 0.9 qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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11 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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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)

DateFormSecurityOn issue, per this filingSource
17 Aug 20262A · quoted issueWYX : ORDINARY FULLY PAID172.0MAppendix 2A
18 Dec 20253G · unquotedWYX : ORDINARY FULLY PAID157.3MAppendix 3G
21 Oct 20252A · quoted issueWYX : ORDINARY FULLY PAID157.3MAppendix 2A
10 Oct 20252A · quoted issueWYX : ORDINARY FULLY PAID157.0MAppendix 2A
4 Sept 20252A · quoted issueWYX : ORDINARY FULLY PAID139.3MAppendix 2A
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30 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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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

6 cash raises in the last 24 months · 1 in the last 12 months

every 4.8 monthsaverage gap between raises
3.4 monthssince the most recent
2 Dec 2024 – 15 July 2026first to most recent in this window
$440k
Security Purchase Plan
At 3.0c, at the last close
15 July 2026 COMPLETE
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9 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.

25.0M of option supply could convert within 12 months — 14.6% of shares on issue
8.2M in the money, expiring in the window16.9M at a stated nil exercise price — nothing is paid to convert these
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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11 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 / 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.

About 30% of the 15% placement capacity left — about 70% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). Holders passed a ratification we could not match to exactly one filing, or whose number of shares the result does not state, and shares issued with holder approval are not added to the base, so the true headroom may 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

86.0%
Options & rights overhang · of current shares
4.8%
In-the-money supply · most strikes not on record
147.8M
Potential new shares
Nov 2026
Nearest expiry
What a price move would switch on
73.9M147.8M$0.035 now0.25× today ($0.009) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.018) — 8.2M of the priced supply in the money, 4.8% of shares on issue0.75× today ($0.026) — 8.2M of the priced supply in the money, 4.8% of shares on issue1× today ($0.035) — 8.2M of the priced supply in the money, 4.8% of shares on issue1.25× today ($0.044) — 8.2M of the priced supply in the money, 4.8% of shares on issue1.5× today ($0.053) — 19.6M of the priced supply in the money, 11.4% of shares on issue2× today ($0.070) — 19.6M of the priced supply in the money, 11.4% of shares on issue3× today ($0.105) — 21.2M of the priced supply in the money, 12.3% of shares on issue5× today ($0.175) — 24.6M of the priced supply in the money, 14.3% of shares on issue10× today ($0.350) — 35.5M of the priced supply in the money, 20.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.035 today, 8.2M securities are in the money (4.8% of shares on issue) — a floor, because an exercise price is on record for only 27.1% of this supply. No more priced supply until 1.5× today’s price, which takes it to 19.6M (11.4% 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.
  • 16.9M (11.4% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
  • 95.5M (64.6% 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
WYXAJOptionsPrice-triggeredNil24 Nov 20267.7MFiling
WYXABOptionsPrice-triggeredNil28 Nov 20268.8MFiling
WYXAROptionsPrice-triggered$0.2028 Nov 202610.0MFiling
WYXAMOptionsPrice-triggeredNil28 May 2027400kFiling
WYXAKOptionsPrice-triggered$0.01421 June 20278.2MFiling
WYXALOptionsPrice-triggered$0.2021 June 2027950kFiling
WYXAAOptionsPrice-triggered$0.05013 Mar 202811.4MFiling
WYXOAOptionsPrice-triggered, no exercise price stated—6 May 202895.5MFiling
WYXAOOptionsPrice-triggered$0.108 Aug 20281.7MFiling
WYXAPOptionsPrice-triggered$0.128 Aug 20281.7MFiling
WYXAQOptionsPrice-triggered$0.148 Aug 20281.7MFiling

“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. For what expires soon across other listed companies, see the options expiry calendar.

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11 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
12 Aug 2026Darren FosterBuy on-market75k——$2k3Y notice
18 Dec 2025Darren FosterOther incentive—3.8M——3Y notice
18 Dec 2025John CiganekOther incentive—3.8M——3Y notice
18 Dec 2025Pedro KastellorizosOther incentive—3.8M——3Y notice
18 Dec 2025Peter MichaelOther incentive—3.8M——3Y notice
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14 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

28 Oct 2026Letter to Shareholders - AGM
28 Oct 2026Notice of Annual General Meeting/Proxy Form
9 Oct 2026Date of AGM and Closing Date for Director Nominations
8 Oct 2026$PSampling Commences at Gascoyne Gold Project
23 Sept 2026Appendix 4G and Corporate Governance Statement
23 Sept 2026Annual Report to shareholders
17 Aug 2026Application for quotation of securities - WYX
17 Aug 2026Results of SPP
13 Aug 2026Change of Director's Interest Notice - DF
22 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
20 July 2026Share Purchase Plan Offer Open
20 July 2026Update - Proposed issue of securities - WYX
15 July 2026Proposed issue of securities - WYX
15 July 2026$PSPP Prospectus
15 July 2026$PWYX Launches Share Purchase Plan
14 July 2026$PGold Exploration at Ida Holmes Junction Project
25 May 2026$PHigh-Grade Gallium Delineated at Cardea 1
20 May 2026Technical Adviser Appointment
27 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
13 Apr 2026$PGranted Status given over Gascoyne Gold Projects

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.