Companies / YUG

YUGO METALS LIMITED

ASX:YUGMaterials
413.1M shares on issueASX (delayed) · snapshot 11 Sept 2026648.3M fully diluted+56.9% if every option and right converts$0.043price · delayed$17.8Mmarket cap · indicative

Today’s holders own 63.7% of what they think they own, once every option and right converts.

High
Dilution riskprovisional — limited history

Share count grew 75% in 24 months; 3 cash raises in 24 months; options/rights overhang 57% of shares; since relisting as YUG; prior history under LYK not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway5.1 quarters of funding
Share-count growth (24m)75.2%since relisting as YUG; prior history under LYK not included
Raise cadence (24m)3 cash raisessince relisting as YUG; prior history under LYK not included
Options & rights overhang56.9% of shares
In-the-money supply9.5% of shares
Pending proposed issuesnone

YUGO METALS LIMITED's ordinary share count grew 75.2% between August 2025 and June 2026, to 413M shares. The company raised capital three times since August 2025 for total disclosed proceeds of A$8.6M, with the most recent being a A$5.0M placement in May 2026. Options and rights on issue could convert into 235M new shares, representing 56.9% of the current share count, of which 10% are in the money; the nearest expiry is July 2028. At the June 2026 quarter, the company reported A$5.4M in available cash, providing cover for approximately 5.1 quarters. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 10 Sept 2026
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56.9%
Options & rights overhang
9.5%
In-the-money supply
2
Raises · last 12 months
5.1 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. Shown since relisting as YUG (7 July 2025); prior history under LYK is not included. Latest count 413.1M per ASX (delayed) (snapshot 11 Sept 2026).
250M300M350M400MJuly 25Feb 26Sept 26Cash raise · 28 May 2026Cash raise · 8 Oct 2025Cash raise · 18 July 2025413.1M

Cash runway

5.1 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Sept 2027 at the reported spend rate.
$5.4M 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: $6.3M cash at quarter end (item 4.6), 6.2 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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5 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
19 June 20262A · quoted issueYUG : ORDINARY FULLY PAID413.1MAppendix 2A
19 June 20263G · unquotedYUG : ORDINARY FULLY PAID410.0MAppendix 3G
10 June 20262A · quoted issueYUG : ORDINARY FULLY PAID357.9MAppendix 2A
10 June 20262A · quoted issueYUG : ORDINARY FULLY PAID409.3MAppendix 2A
1 May 20262A · quoted issueYUG : ORDINARY FULLY PAID357.2MAppendix 2A
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20 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

3 cash raises in the last 24 months · 2 in the last 12 months · counted since relisting as YUG (7 July 2025); prior history under LYK is not included

every 5.2 monthsaverage gap between raises
3.5 monthssince the most recent
18 July 2025 – 28 May 2026first to most recent in this window
$5.0M
Placement
28 May 2026 COMPLETE
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6 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.

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5 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 estimate — the filings already exceed 15% of the share count we can measure, which means securities were added to the base during the year that we cannot see. The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure.
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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

56.9%
Options & rights overhang · of current shares
9.5%
In-the-money supply · at current price
235.2M
Potential new shares
July 2028
Nearest expiry
What a price move would switch on
117.6M235.2M$0.043 now0.25× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.021) — 39.3M of the priced supply in the money, 9.5% of shares on issue0.75× today ($0.032) — 39.3M of the priced supply in the money, 9.5% of shares on issue1× today ($0.043) — 39.3M of the priced supply in the money, 9.5% of shares on issue1.25× today ($0.054) — 39.3M of the priced supply in the money, 9.5% of shares on issue1.5× today ($0.065) — 39.3M of the priced supply in the money, 9.5% of shares on issue2× today ($0.086) — 39.3M of the priced supply in the money, 9.5% of shares on issue3× today ($0.129) — 123.8M of the priced supply in the money, 30.0% of shares on issue5× today ($0.215) — 136.3M of the priced supply in the money, 33.0% of shares on issue10× today ($0.430) — 136.3M of the priced supply in the money, 33.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.043 today, 39.3M securities are in the money (9.5% of shares on issue). No more priced supply until 3× today’s price, which takes it to 123.8M (30.0% 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.
  • 98.9M (42.0% 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
YUGAHOptionsPrice-triggered$0.0202 July 202839.3MFiling
YUGOBOptionsPrice-triggered—15 Aug 202898.9MFiling
YUGAAOptionsPrice-triggered$0.105 Dec 202883.9MFiling
YUGABOptionsPrice-triggered$0.1017 Apr 2029600kFiling
—OptionsPrice-triggered$0.1419 June 202912.5MFiling

“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.
  • YUGAGCondition-triggered34.8M securities → 02 Apr 2026 Appendix 2A
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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

DateDirectorTypeSharesOptionsOtherValueSource
9 June 2026Cameron PeacockBuy on-market500k——$45k3Y notice
2 Apr 2026David WheelerOther incentive2.0M—2.0M—3Y notice
2 Apr 2026Mihajlo MatkovicOther incentive2.0M—2.0M—3Y notice
2 Apr 2026Petar TomasevicOther incentive10.0M—10.0M—3Y notice
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7 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

9 Sept 2026Investor Presentation
25 Aug 2026$PBoard Site Visit & Commencement of Drilling at Cajnice
17 Aug 2026$PYugo Advances Erak Discovery
30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
23 July 2026Change in substantial holding
19 June 2026Notice Under Section 708A
19 June 2026Notification regarding unquoted securities - YUG
19 June 2026Application for quotation of securities - YUG
16 June 2026Change of Director's Interest Notice
12 June 2026Change of Registered Office
10 June 2026Notice Under Section 708A
10 June 2026Application for quotation of securities - YUG
10 June 2026Application for quotation of securities - YUG
9 June 2026Initial Director's Interest Notice
2 June 2026Appointment of Non-Executive Director
1 June 2026Proposed issue of securities - YUG
1 June 2026$P$5M Placement to accelerate drilling across Balkan portfolio
28 May 2026$PTrading Halt
26 May 2026$PGold discovery in first-ever drilling results from Erak
25 May 2026Initial Director's Interest Notice

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