Companies / BML

BOAB METALS LIMITED

ASX:BMLMaterials
578.6M shares on issueASX (delayed) · as of 28 July 2026$0.40price · delayed$217.0Mmarket cap · indicative
C
Dilution grade

Share count grew 148% in 24 months; 4 cash raises in 24 months

Cash runway19.0 quarters of funding
Share-count growth (24m)147.9%
Raise cadence (24m)4 cash raises
Options & rights overhang2.4% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BOAB METALS LIMITED's ordinary share count grew 147.9% between May 2024 and May 2026, to 579M shares. The company raised capital four times in that period for total disclosed proceeds of A$124.0M, most recently raising A$67.0M in December 2025. Options and rights on issue could convert into 14M new shares, equal to 2.4% of the current share count, with 0% in the money. At the March 2026 quarter BOAB METALS reported A$91.4M in cash, representing 19.0 quarters of cover at its recent spending rate. No proposed securities issues (Appendix 3B) are currently pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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2.4%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
19.0 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. Latest count 578.6M per ASX (delayed) (28 July 2026).
305.9M406.0M506.1MDec 24Sept 25July 26Cash raise · 10 Dec 2025Cash raise · 9 Oct 2025Cash raise · 11 June 2025Cash raise · 29 Apr 2025

Cash runway

19.0 qtrs
More than four quarters of funding at the recent spend rate.
$91.4M 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
21 May 20262A · quoted issueBML : ORDINARY FULLY PAID578.6MAppendix 2A
19 Feb 20263G · unquotedORDINARY FULLY PAID576.4MAppendix 3G
10 Feb 20262A · quoted issueBML : ORDINARY FULLY PAID576.4MAppendix 2A
3 Feb 20262A · quoted issueBML : ORDINARY FULLY PAID523.5MAppendix 2A
2 Feb 20262A · quoted issueBML : ORDINARY FULLY PAID526.2MAppendix 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

$67.0M
Capital raise
10 Dec 2025
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

2.4%
Total overhang · of current shares
0.0%
In the money · at current price
13.7M
Potential new shares
—
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
23 Mar 2026Richard MontiSell494k—$195k3Y notice
16 Mar 2026Richard MontiOther1.6M—$750k3Y notice
10 Feb 2026Simon NoonOther490k——3Y 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

23 July 2026Additional Information to Previous Announcement
22 July 2026$PSorby Hills Growth Program Update
15 July 2026Corporate Presentation
30 June 2026$PSorby Hills Development Update
2 June 2026Change of Company Address
25 May 2026$PBoab Metals Executes EPC Contract for Sorby Hills
21 May 2026Cleansing Notice - Section 708A(5)(e)
21 May 2026Application for quotation of securities - BML
17 May 2026$PDeGrussa Process Plant Acquisition Completion
13 May 2026$PDrilling to Resume at Sorby Hills and Commence at Manbarrum
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
26 Apr 2026$PProject Financing Completed
23 Apr 2026Boab Launches Investor Hub
21 Apr 2026Release of Escrowed Securities
20 Apr 2026$PLong Term Fuel Supply Contract Secured for Sorby Hills
29 Mar 2026$PSorby Hills Mining Proposal Approved
25 Mar 2026Change of Director's Interest Notice - RM
19 Mar 2026$PSorby Hills Fuel Supply Confirmed
17 Mar 2026Change of Director's Interest Notice - RM
10 Mar 2026Half Yearly Report and Accounts

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