Companies / M2R

MIRAMAR RESOURCES LIMITED

ASX:M2RMaterials
2.11B shares on issueASX (delayed) · as of 28 July 2026$0.003price · delayed$5.3Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 433% in 24 months; 4 cash raises in 24 months

Cash runway0.1 quarters of funding
Share-count growth (24m)433.4%
Raise cadence (24m)4 cash raises
Options & rights overhang46.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MIRAMAR RESOURCES LIMITED's ordinary share count grew 433.4% between July 2024 and March 2026, to 2.11B shares. The company raised capital four times in that period for total disclosed proceeds of A$6.1M, most recently A$2.2M in December 2025. Options and rights on issue could convert into 986M new shares, equal to 46.7% of the current share count, with 0% of those in the money at present and the nearest expiry in August 2026. At the March 2026 quarter the company reported A$127K in available cash, about 0.1 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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46.7%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
0.1 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 2.11B per ASX (delayed) (28 July 2026).
0.76B1.25B1.75BDec 24Sept 25July 26Cash raise · 3 Dec 2025Cash raise · 22 July 2025Cash raise · 10 Apr 2025Cash raise · 10 Feb 2025

Cash runway

0.1 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$127k 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
13 Mar 20262A · quoted issueM2R : ORDINARY FULLY PAID2.11BAppendix 2A
13 Mar 20263G · unquotedM2R : ORDINARY FULLY PAID1.51BAppendix 3G
13 Mar 20262A · quoted issueM2R : ORDINARY FULLY PAID1.51BAppendix 2A
12 Dec 20252A · quoted issueM2R : ORDINARY FULLY PAID1.21BAppendix 2A
12 Dec 20252A · quoted issueM2R : ORDINARY FULLY PAID1.49BAppendix 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 · 1 in the last 12 months

$2.2M
Capital raise
3 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

46.7%
Total overhang · of current shares
0.0%
In the money · at current price
985.6M
Potential new shares
Aug 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
6 July 2026Allan KellyBuy6.3M—$19k3Y notice
2 July 2026Terry GadenneBuy1.0M—$3k3Y notice
14 Apr 2026Terry GadenneBuy350k—$1k3Y 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

22 July 2026$PAuger Results Upgrade Chain Pool Drill Targets
21 July 2026$PJMEI Tax Credit Allocation
13 July 2026$PR&D Tax Incentive Refund Received
13 July 2026$PHigh-Grade Cu-Pb-Ag Results from Chain Pool - Amended
12 July 2026$PHigh-Grade Copper-Lead-Silver Results from Chain Pool
7 July 2026Change of Director's Interest Notice (AK)
3 July 2026Change of Director's Interest Notice (TG)
28 June 2026$PSignificant Increase to Gidji JV Gold Exploration Target
24 June 2026$PChain Pool Gravity Survey Highlights Drill Targets
2 June 2026$PChain pool SEDEX Potential Confirmed by Auger Drilling
18 May 2026$PDrilling Underway at Chain Pool Copper-Lead-Silver Project
12 May 2026$PDrilling Team Mobilising to Chain Pool Project
29 Apr 2026$PEIS Co-Funding for Whaleshark Copper-Gold Drilling
27 Apr 2026$PQuarterly Activities & Cashflow Report
27 Apr 2026Notice of Release of Escrowed Shares
14 Apr 2026Change of Director's Interest Notice (TG)
6 Apr 2026$PSale of Randalls Project Completed
30 Mar 2026$PDrilling Expands Highway Gold Footprint
19 Mar 2026Updated Top 20 Holders
16 Mar 2026Change in substantial holding

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