Companies / BKT

BLACK ROCK MINING LIMITED

ASX:BKTMaterials
2.15B shares on issueASX (delayed) · as of 28 July 2026$0.011price · delayed$24.7Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 72% in 24 months; 4 cash raises in 24 months

Cash runway1.8 quarters of funding
Share-count growth (24m)71.6%
Raise cadence (24m)4 cash raises
Options & rights overhang39.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BLACK ROCK MINING LIMITED's ordinary share count grew 71.6% between July 2024 and July 2026, to 2.15B shares. The company completed four capital raises in that period for total proceeds of A$42.0M, most recently a A$14.0M placement and SPP in September 2025. Options and rights on issue could convert into 849M new shares, equal to 39.5% of the current share count, with 0% currently in the money and the nearest expiry in June 2027. At the March 2026 quarter the company reported A$4.2M in available cash, about 1.8 quarters of funding at its recent spending rate. 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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39.5%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
1.8 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 2.15B per ASX (delayed) (28 July 2026).
1.44B1.70B1.96BDec 24Sept 25July 26Cash raise · 2 Sept 2025Cash raise · 28 Aug 2025Cash raise · 28 Feb 2025

Cash runway

1.8 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$4.2M available cash at quarter ended 31 Mar 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 31 Mar 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
7 July 20262A · quoted issueBKT : ORDINARY FULLY PAID2.15BAppendix 2A
12 Dec 20253G · unquotedBKT : ORDINARY FULLY PAID2.15BAppendix 3G
26 Nov 20252A · quoted issueBKT : ORDINARY FULLY PAID2.15BAppendix 2A
12 Nov 20253G · unquotedBKT : ORDINARY FULLY PAID2.15BAppendix 3G
24 Oct 20252A · quoted issueBKT : ORDINARY FULLY PAID1.96BAppendix 2A
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

$14.0M
Placement and SPP
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

39.5%
Total overhang · of current shares
0.0%
In the money · at current price
849.1M
Potential new shares
June 2027
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
7 July 2026Richard CrookesOther316k——3Y notice
7 July 2026Ian MurrayOther194k——3Y notice
11 Dec 2025Richard CrookesOther6.8M5.9M$156k3Y 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

13 July 2026Change of Directors Interest Notice x 2
7 July 2026Application for quotation of securities - BKT
7 July 2026Issue of shares and cleansing notice
30 June 2026$PExtension of US$204m Debt Facility to November 2026
22 June 2026Change in substantial holding
4 May 2026Investor Presentation - RIU Sydney
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
9 Apr 2026Mahenge Early Works Program Nears Completion
9 Mar 2026Half Year Report and Accounts
9 Feb 2026Investor Presentation
3 Feb 2026Bulk Earthworks Contract Awarded for Early Works at Mahenge
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
12 Jan 2026Mahenge Graphite Project Early Works Progress
15 Dec 2025Appointment of Company Secretary
12 Dec 2025Change of Director's Interest Notice x 3
12 Dec 2025Notification regarding unquoted securities - BKT
26 Nov 2025Application for quotation of securities - BKT
24 Nov 2025Results of Meeting
13 Nov 2025Investor Presentation - Noosa Mining Conference
12 Nov 2025Notification regarding unquoted securities - BKT

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