Companies / MTL

MANTLE MINERALS LIMITED

ASX:MTLMaterials
7.23B shares on issueASX (delayed) · as of 28 July 2026$0.001price · delayed$7.2Mmarket cap · indicative
B
Dilution grade

3 cash raises in 24 months; share count grew 12% in 24 months

Cash runway44.0 quarters of funding
Share-count growth (24m)12.2%
Raise cadence (24m)3 cash raises
Options & rights overhang3.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MANTLE MINERALS LIMITED's ordinary share count grew 12.2% between July 2025 and September 2025, to 7.23B shares. The company raised capital three times in the 24-month window for total proceeds of A$1.6M, most recently A$250K in July 2025. Options and rights on issue could convert into 219M new shares, equal to 3.0% of the current share count, with 0% in the money at present. At the June 2026 quarter the company reported A$5.5M in available cash, equivalent to 44.0 quarters of cover 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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3.0%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
44.0 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 7.23B per ASX (delayed) (28 July 2026).
6.41B6.72B7.02BDec 24Sept 25July 26Cash raise · 21 July 2025

Cash runway

44.0 qtrs
More than four quarters of funding at the recent spend rate.
$5.5M 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 Oct 20253G · unquotedMTL : ORDINARY FULLY PAID7.23BAppendix 3G
19 Sept 20252A · quoted issueMTL : ORDINARY FULLY PAID7.23BAppendix 2A
19 Sept 20253G · unquotedMTL : ORDINARY FULLY PAID6.45BAppendix 3G
19 Sept 20253G · unquotedMTL : ORDINARY FULLY PAID6.45BAppendix 3G
23 July 20252A · quoted issueMTL : ORDINARY FULLY PAID6.45BAppendix 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

3 cash raises in the last 24 months · 0 in the last 12 months

$250k
Capital raise
21 July 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

3.0%
Total overhang · of current shares
0.0%
In the money · at current price
218.8M
Potential new shares
—
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
19 Sept 2025Johnathon BusingOther14.0M14.0M—3Y notice
31 Dec 2024Robert MosigSell5.0M2.5M—3Y notice
31 Dec 2024David GreenwoodSell5.0M2.5M—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

21 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
24 June 2026$PCarlton Hill Expansion
29 May 2026Final Director's Interest Notice
29 May 2026Initial Director's Interest Notice
29 May 2026Board and Company Secretary Changes
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
24 Mar 2026$PYule River Gravity Survey Results
9 Mar 2026Half Year Accounts
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
5 Dec 2025Capital Return Update
24 Oct 2025$PQuarterly Activities/Appendix 5B Cash Flow Report
23 Oct 2025Update - Return of Capital - MTL
21 Oct 2025Results of Annual General Meeting
20 Oct 2025$PExploration Update
20 Oct 2025Notification regarding unquoted securities - MTL
23 Sept 2025Change of Director's Interest Notice - JB
19 Sept 2025Cleansing Notice
19 Sept 2025Notification regarding unquoted securities - MTL
19 Sept 2025Notification regarding unquoted securities - MTL
19 Sept 2025Application for quotation of securities - MTL

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