Companies / BMM

BAYAN MINING AND MINERALS LIMITED

ASX:BMMMaterials
135.8M shares on issueASX (delayed) · as of 28 July 2026$0.065price · delayed$8.8Mmarket cap · indicative
F
Dilution grade

Share count grew 58% in 24 months; runway 2–4 quarters; 5 cash raises in 24 months

Cash runway2.9 quarters of funding
Share-count growth (24m)57.9%
Raise cadence (24m)5 cash raises
Options & rights overhang92.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

BAYAN MINING AND MINERALS LIMITED's ordinary share count grew 57.9% between August 2024 and June 2026, to 136M shares. The company completed five capital raises in the 24‑month window for total disclosed proceeds of A$4.6M, most recently a A$3.3M placement in August 2025. Options and rights on issue could convert into 125M new shares, equal to 92.1% of the current share count, with 0% in the money and the nearest expiry in December 2026. At the June 2026 quarter the company reported A$2.0M in available cash, about 2.9 quarters of funding at its recent pace. Four proposed securities issues (Appendix 3B) are pending, the nearest proposed date being November 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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92.1%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
2.9 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 135.8M per ASX (delayed) (28 July 2026).
96.5M110.9M125.4MDec 24Sept 25July 26Cash raise · 22 Aug 2025Cash raise · 30 July 2025Cash raise · 7 July 2025Cash raise · 16 May 2025Cash raise · 31 Jan 2025

Cash runway

2.9 qtrs
Two to four quarters of funding at the recent spend rate.
$2.0M 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
14 July 20263G · unquotedBMM : ORDINARY FULLY PAID135.8MAppendix 3G
16 June 20262A · quoted issueBMM : ORDINARY FULLY PAID135.8MAppendix 2A
27 May 20262A · quoted issueBMM : ORDINARY FULLY PAID135.4MAppendix 2A
9 Jan 20262A · quoted issueBMM : ORDINARY FULLY PAID135.4MAppendix 2A
24 Nov 20253G · unquotedBMM : ORDINARY FULLY PAID135.1MAppendix 3G
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

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

$3.3M
Placement
22 Aug 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

4 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

92.1%
Total overhang · of current shares
0.0%
In the money · at current price
125.1M
Potential new shares
Dec 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 Nov 2025Fadi DiabOther130k2.1M$204k3Y notice
24 Nov 2025Agha Shahzad PervezOther7.8M314k$511k3Y notice
24 Nov 2025Rafael MorenoOther——$102k3Y 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

26 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
22 July 2026$PStrategic Divestment of Bayan Springs North to Sun Silver
15 July 2026$PBayan Commences Yttrium Upgrade Research with UQ
14 July 2026Notification regarding unquoted securities - BMM
30 June 2026$PAgreement to Advance Strategic Yttrium Processing Technology
16 June 2026Application for quotation of securities - BMM
3 June 2026$PMaiden Drilling Commences at Desert Star Rare Earth Project
27 May 2026Application for quotation of securities - BMM
13 May 2026$PMoU Executed with US Critical Materials Corp
6 May 2026Key Contractors Appointed for Desert Star REE Drill Program
27 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
20 Apr 2026$PPriority Targets Defined at Bayan Springs North
13 Apr 2026$PDrill Rig Secured for Maiden Desert Star REE Drill Program
8 Apr 2026$PHigh-Grade Desert Star Samples Confirm Monazite REE
30 Mar 2026$PBayan joins U.S. Defense Industrial Base Consortium
12 Mar 2026Half Year Accounts
11 Mar 2026$PPlanning Variation Approved for Desert Star Drill Program
17 Feb 2026$PPlan of Operations/Strategic Land Expansion at Bayan Springs
2 Feb 2026Corporate Presentation
28 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report

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