XENORA MINERALS LTD
ASX:XRAMaterialsToday’s holders own 80.1% of what they think they own, once every option and right converts.
Options/rights overhang 25% of shares; 14% of shares in the money; 1 cash raise in 24 months; since relisting as XRA; prior history under TX3 not included
XENORA MINERALS LTD renamed from TX3 in September 2025, and every figure covers only the period since that rename. Between October 2025 and January 2026, its latest share-count filing, the ordinary share count rose 4.4% to 61M shares. One capital raise occurred in the 24-month window, a A$2.1M placement in October 2025. Options and rights on issue could convert into 15M new shares, equal to 24.8% of the current share count, of which 14% are in the money at the current share price; the nearest expiry is December 2026. The company has more than 4 quarters of funding at the recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.
Quick answers · 4
Is XRA raising capital?
Xenora Minerals has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $2.1M on 3 Oct 2025.
How much placement capacity does XRA have left?
None of the 15% placement capacity counted as used in the last 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 XRA have?
In its quarterly cash report for the quarter ended 30 June 2026, Xenora Minerals reported $2.2M of cash and estimated 11.0 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do XRA's options expire?
Unexercised options and rights equal 24.8% of Xenora Minerals'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 |
|---|---|---|---|---|
| 19 June 2026 | 3H · cancellation | XRA : ORDINARY FULLY PAID | 60.9M | Appendix 3H |
| 1 May 2026 | 3H · cancellation | XRA : ORDINARY FULLY PAID | 60.9M | Appendix 3H |
| 9 Jan 2026 | 2A · quoted issue | XRA : ORDINARY FULLY PAID | 60.9M | Appendix 2A |
| 3 Dec 2025 | 3G · unquoted | XRA : ORDINARY FULLY PAID | 58.4M | Appendix 3G |
| 3 Dec 2025 | 2A · quoted issue | XRA : ORDINARY FULLY PAID | 60.5M | Appendix 2A |
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 · 0 in the last 12 months · counted since relisting as XRA (22 Sept 2025); prior history under TX3 is not included
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 conditions anticipated (to start)
- by end 2026 · RC drilling program (to start)
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
- Price-triggered10.4M · 17.0% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered4.8M · 7.8% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 10.4M priced (of which 8.8M in the money), 4.8M 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.
At $0.24 today, 8.8M securities are in the money (14.4% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 10.3M (16.8% 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.
- 4.8M (31.5% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| XRAAN | Options | Price-triggered | $1.40 | 21 Dec 2026 | 67k | Filing |
| XRAAA | Options | Price-triggered | $1.60 | 17 Dec 2027 | 43k | Filing |
| XRAAP | Options | Price-triggered | $0.065 | 23 Sept 2028 | 8.8M | Filing |
| XRAAB | Options | Price-triggered | $0.24 | 3 Dec 2028 | 1.5M | Filing |
| XRAAM | Performance rights | Condition-triggered | — | — | 4.8M | 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.
- XRAAOCondition-triggered472k securities → 01 May 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 30 Jan 2026 | Peretz Schapiro | Buy on-market | 75k | — | — | — | 3Y notice |
| 3 Dec 2025 | Chris Zielinski | Buy placement | 125k | — | — | — | 3Y notice |
| 3 Dec 2025 | Peretz Schapiro | Buy placement | 172k | 2.5M | — | — | 3Y notice |
| 3 Dec 2025 | William Dix | Buy placement | 172k | — | 472k | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.