Companies / MGA

METALSGROVE MINING LTD

ASX:MGAMaterials
151.5M shares on issueASX (delayed) · as of 28 July 2026$0.091price · delayed$14.2Mmarket cap · indicative
D
Dilution grade

Share count grew 43% in 24 months; runway 2–4 quarters; options/rights overhang 39% of shares

Cash runway2.8 quarters of funding
Share-count growth (24m)42.7%
Raise cadence (24m)1 cash raise
Options & rights overhang39.2% of shares
In-the-money supply0.8% of shares
Pending proposed issuesnone

METALSGROVE MINING LTD's ordinary share count grew 42.7% between July 2024 and February 2026, to 150M shares. The company raised capital once in the 24‑month window for total disclosed proceeds of A$2.7M, most recently in December 2025 for A$2.7M. Options and rights on issue could convert into 59M new shares, equal to 39.2% of the current share count, of which 1% are in the money at the current share price; the nearest expiry is May 2027. At the June 2026 quarter the company reported A$1.8M in cash, representing 2.8 quarters of cover at recent expenditure rates. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
Email me when this grade changes
Alerts are coming soon — this opens a pre-filled email that puts you on the list.
39.2%
Max option dilution
0.8%
ITM option dilution
1
Raises · last 12 months
2.8 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 151.5M per ASX (delayed) (28 July 2026).
115.1M128.4M141.8MDec 24Sept 25July 26Cash raise · 8 Dec 2025

Cash runway

2.8 qtrs
Two to four quarters of funding at the recent spend rate.
$1.8M 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.
Join the waitlist

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
2 Feb 20262A · quoted issueMGA : ORDINARY FULLY PAID132.8MAppendix 2A
2 Feb 20262A · quoted issueMGA : ORDINARY FULLY PAID150.5MAppendix 2A
17 Dec 20252A · quoted issueMGA : ORDINARY FULLY PAID131.8MAppendix 2A
24 Nov 20253G · unquotedMGA : ORDINARY FULLY PAID105.4MAppendix 3G
3 Oct 20253H · cancellationMGA : ORDINARY FULLY PAID105.4MAppendix 3H
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Join the waitlist

Capital raises

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

$2.7M
Capital raise
8 Dec 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
Join the waitlist

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

39.2%
Total overhang · of current shares
0.8%
In the money · at current price
59.3M
Potential new shares
May 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.
Join the waitlist

Director dealings

DateDirectorTypeSharesOptionsValueSource
1 July 2026Luke HuangBuy3.0M—$256k3Y notice
24 June 2026Haobo YuanBuy500k—$44k3Y notice
30 Jan 2026Peter LedwidgeBuy333k——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Join the waitlist

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Sign up free — coming soon

Latest announcements

23 July 2026$PQuarterly Appendix 5B Cash Flow Report
23 July 2026$PQuarterly Activities Report
12 July 2026Investor Presentation July 2026
12 July 2026Auger Drilling Commenced at Zuenoula
8 July 2026Change of Director's Interest Notice
25 June 2026Change of Director's Interest Notice
22 June 2026Gold Anomalous Areas Emerging on Vavoua Permit
21 June 2026$PAuger Drilling to test 7 potential Drill Targets
4 June 2026Initial Director's Interest Notice
4 June 2026Final Director's Interest Notice
31 May 2026Director Appointment/Resignation
29 May 2026Change in substantial holding
28 May 2026Change in substantial holding
24 May 2026$P18km Combined Multiple Gold-Anomalous Trends at Zuenoula
12 May 2026$PPotential Drill Target Identified at Fifty-Five Prospect
27 Apr 2026$PQuarterly Appendix 5B Cash Flow Report
27 Apr 2026$PQuarterly Activities Report
31 Mar 2026Investor Presentation March 2026
30 Mar 2026$PUp to 583 ppb Gold in Soils at Fifty-Five Prospect, Zuenoula
26 Mar 2026Company Secretary Appointment/Resignation

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