Companies / IND

INDUSTRIAL MINERALS LTD

ASX:INDMaterials
100.3M shares on issueASX (delayed) · as of 28 July 2026$0.12price · delayed$12.0Mmarket cap · indicative
B
Dilution grade

Share count grew 30% in 24 months; options/rights overhang 19% of shares; 1 cash raise in 24 months

Cash runway10.6 quarters of funding
Share-count growth (24m)30.1%
Raise cadence (24m)1 cash raise
Options & rights overhang18.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

INDUSTRIAL MINERALS LTD's ordinary share count grew 30.1% between August 2024 and May 2026, to 100M shares. The company raised capital once in that period for total disclosed proceeds of A$3.0M, most recently in May 2026 (A$3.0M). Options and rights on issue could convert into 19M new shares, equal to 18.7% of the current share count, with 0% in the money at the current share price and the nearest expiry in November 2027. At the June 2026 quarter the company reported A$2.0M in available cash, representing 10.6 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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18.7%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
10.6 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 100.3M per ASX (delayed) (28 July 2026).
84.5M90.3M96.1MDec 24Sept 25July 26Cash raise · 8 May 2026

Cash runway

10.6 qtrs
More than 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
20 May 20262A · quoted issueIND : ORDINARY FULLY PAID100.3MAppendix 2A
1 Dec 20253H · cancellationORDINARY FULLY PAID80.3MAppendix 3H
10 Dec 20243G · unquotedIND : ORDINARY FULLY PAID80.3MAppendix 3G
11 Nov 20242A · quoted issueIND : ORDINARY FULLY PAID79.2MAppendix 2A
11 Nov 20242A · quoted issueIND : ORDINARY FULLY PAID80.3MAppendix 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

1 cash raise in the last 24 months · 1 in the last 12 months

$3.0M
Capital raise
8 May 2026
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

18.7%
Total overhang · of current shares
0.0%
In the money · at current price
18.8M
Potential new shares
Nov 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
30 Nov 2025Jeffrey Michael SweetSell5.1M2.5M—3Y notice
30 Nov 2025Melanie LeightonSell—1.3M—3Y notice
27 June 2025ASHLEY PATTISONOther6.1M1.5M—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

28 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
23 July 2026Notice of General Meeting/Proxy Form
21 June 2026$PHigh-Grade Historic Gold Results Confirmed at Laverton
21 May 2026$PResponse to ASX Aware Query
20 May 2026Application for quotation of securities - IND
20 May 2026S708A Cleansing Notice - Placement Shares
12 May 2026$PLaverton Gold Project Presentation
12 May 2026Proposed issue of securities - IND
12 May 2026Proposed issue of securities - IND
12 May 2026$PIND to Acquire Drill Proven Gold Portfolio
10 May 2026$PTrading Halt
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
10 Mar 2026Half Yearly Report and Accounts
30 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
4 Dec 2025Change of Share Registry
1 Dec 2025Option Expiry and Appendix 3Y x 2
1 Dec 2025Notification of cessation of securities - IND
26 Nov 2025Results of Meeting
29 Oct 2025$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Oct 2025$PPippingarra Maiden HPQ Mineral Resource Estimate

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