Companies / M24

MAMBA EXPLORATION LIMITED

ASX:M24Materials
487.5M shares on issueASX (delayed) · as of 28 July 2026$0.017price · delayed$8.8Mmarket cap · indicative
D
Dilution grade

Share count grew 133% in 24 months; runway 2–4 quarters; 5 cash raises in 24 months

Cash runway2.6 quarters of funding
Share-count growth (24m)132.8%
Raise cadence (24m)5 cash raises
Options & rights overhang6.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

MAMBA EXPLORATION LIMITED’s ordinary share count grew 132.8% between February 2024 and April 2026, to 428M shares (latest reported 428M as of April 2026). The company raised capital five times in that period for total disclosed proceeds of A$7.1M, most recently a A$2.0M placement in January 2026. Options and rights on issue could convert into 29M new shares, equal to 6.0% of the current share count, with 0% in the money and the nearest expiry in November 2026. At the June 2026 quarter the company reported A$1.1M in available cash, covering 2.6 quarters at its recent cash-burn rate. One proposed securities issue (Appendix 3B) is pending with an expected issue date in July 2027.

AI-generated summary of this page's cited filings · updated 28 July 2026
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6.0%
Max option dilution
0.0%
ITM option dilution
3
Raises · last 12 months
2.6 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 487.5M per ASX (delayed) (28 July 2026).
251.0M337.8M424.6MDec 24Sept 25July 26Cash raise · 29 Jan 2026Cash raise · 29 Jan 2026Cash raise · 28 Jan 2026Cash raise · 17 Feb 2025Cash raise · 9 Dec 2024

Cash runway

2.6 qtrs
Two to four quarters of funding at the recent spend rate.
$1.1M 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
15 Apr 20262A · quoted issueM24 : ORDINARY FULLY PAID398.2MAppendix 2A
15 Apr 20263G · unquotedM24 : ORDINARY FULLY PAID339.2MAppendix 3G
15 Apr 20262A · quoted issueM24 : ORDINARY FULLY PAID428.5MAppendix 2A
10 Feb 20262A · quoted issueM24 : ORDINARY FULLY PAID339.2MAppendix 2A
20 Feb 20252A · quoted issueM24 : ORDINARY FULLY PAID273.1MAppendix 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

5 cash raises in the last 24 months · 3 in the last 12 months

$2.0M
Placement
29 Jan 2026 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

1 proposed issue 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

6.0%
Total overhang · of current shares
0.0%
In the money · at current price
29.3M
Potential new shares
Nov 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
15 Apr 2026Matthew FreedmanOther64.0M6.0M—3Y notice
15 Apr 2026Vikram KumarOther3.0M6.0M—3Y notice
15 Apr 2026Simon AndrewOther12.0M6.0M—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

26 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
2 July 2026Proposed issue of securities - M24
2 July 2026$PMamba Significantly Expands Au and Cu Exploration Potential
7 May 2026$PSOIL SAMPLING IDENTIFIES OVER 20KM OF STRIKE
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
16 Apr 2026Becoming a substantial holder
16 Apr 2026Change of Director's Interest Notice - MF - SA - VK
15 Apr 2026Cleansing Statement
15 Apr 2026Completion of Acquisition of the Meeka East Gold Project
15 Apr 2026Notification regarding unquoted securities - M24
15 Apr 2026Application for quotation of securities - M24
15 Apr 2026Application for quotation of securities - M24
31 Mar 2026Results of Meeting
29 Mar 2026$PAirborne EM Survey Validates Gold Anomalies at Meeka East
9 Mar 2026Half Yearly Report and Accounts
27 Feb 2026Letter to Shareholders
27 Feb 2026Notice of General Meeting/Proxy Form
12 Feb 2026Execution of Exploration & Prospecting Agreement
10 Feb 2026Cleansing Notice
10 Feb 2026Application for quotation of securities - M24

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