Companies / BCA

BLACK CANYON LIMITED

ASX:BCAMaterials
162.3M shares on issueASX (delayed) · as of 28 July 2026$0.28price · delayed$48.7Mmarket cap · indicative
D
Dilution grade

Share count grew 101% in 24 months; runway 2–4 quarters; 4 cash raises in 24 months

Cash runway3.0 quarters of funding
Share-count growth (24m)100.7%
Raise cadence (24m)4 cash raises
Options & rights overhang11.5% of shares
In-the-money supply9.7% of shares
Pending proposed issuesnone

BLACK CANYON LIMITED's ordinary share count grew 100.7% between August 2024 and July 2026, to 162M shares. The company conducted four capital raises in that period for total disclosed proceeds of A$22.9M, most recently a A$10.0M placement in September 2025. Options and rights on issue could convert into 19M new shares, equal to 11.5% of the current share count, of which 10% are in the money at the current share price; the nearest expiry is October 2026. At the June 2026 quarter the company reported A$7.1M in cash, representing 3.0 quarters of cover. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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11.5%
Max option dilution
9.7%
ITM option dilution
2
Raises · last 12 months
3.0 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 162.3M per ASX (delayed) (28 July 2026).
103.3M124.9M146.6MDec 24Sept 25July 26Cash raise · 2 Sept 2025Cash raise · 2 Sept 2025Cash raise · 18 Dec 2024

Cash runway

3.0 qtrs
Two to four quarters of funding at the recent spend rate.
$7.1M available cash at quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
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)

DateFormSecurityTotal on issue afterSource
21 July 20262A · quoted issueBCA : ORDINARY FULLY PAID162.3MAppendix 2A
1 Apr 20263H · cancellationBCA : ORDINARY FULLY PAID161.2MAppendix 3H
1 Apr 20262A · quoted issueBCA : ORDINARY FULLY PAID162.2MAppendix 2A
3 Dec 20253G · unquotedORDINARY FULLY PAID161.2MAppendix 3G
2 Dec 20253H · cancellationBCA : ORDINARY FULLY PAID161.2MAppendix 3H
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

4 cash raises in the last 24 months · 2 in the last 12 months

$10.0M
Placement
2 Sept 2025 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

11.5%
Total overhang · of current shares
9.7%
In the money · at current price
18.7M
Potential new shares
Oct 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
24 Mar 2026Brendan CumminsBuy30k—$9k3Y notice
23 Mar 2026Adrian HillBuy100k——3Y notice
18 Nov 2025Brendan CumminsBuy30k—$9k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

27 July 2026$PQuarterly Activities and Cashflow Report
21 July 2026$PPilot Scale DMS Delivers a HG 41% Mn Product
21 July 2026Application for quotation of securities - BCA
15 July 2026Lowell Resource Fund Mid-Year Investor Briefing
6 July 2026$PWandanya High-Grade Mn and Fe Results Continue to Impress
30 June 2026$PState Government EIS Funding and Project Update
29 June 2026Change in substantial holding
24 May 2026$PContinuity of High-Grade Mn and Fe Confirmed at Wandanya
13 May 2026$PWandanya Beneficiation Delivers HG 40-45% Mn Products
3 May 2026$PInvestor Presentation
27 Apr 2026$PQuarterly Activities and Cashflow Report
13 Apr 2026$PResource Defn and Expansion Drilling Commences at Wandanya
7 Apr 2026$PBeneficiation Testwork Delivers Manganese Grades over 40%
1 Apr 2026Cleansing Notice
1 Apr 2026Notification of cessation of securities - BCA
1 Apr 2026Application for quotation of securities - BCA
31 Mar 2026$PResponse to ASX 3Y Query
27 Mar 2026Change of Director's Interest Notice
25 Mar 2026Change of Director Interests - Amended
24 Mar 2026Change in Director Interests x 2

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