Companies / ORN

ORION MINERALS LTD

ASX:ORNMaterials

8.95B shares on issueASX (delayed) · as of 28 July 2026$0.022price · delayed$206.0Mmarket cap · indicative

Dilution grade

Runway 2–4 quarters; share count grew 31% in 24 months; 3 cash raises in 24 months

Cash runway2.4 quarters of funding

Share-count growth (24m)31.1%

Raise cadence (24m)3 cash raises

Options & rights overhang5.5% of shares

In-the-money supply3.0% of shares

Pending proposed issuesnone

ORION MINERALS LTD's ordinary share count increased 31.1% between July 2024 and June 2026, to 8.93B shares. The company raised capital three times in that 24‑month window for total disclosed proceeds of A$29.0M, most recently a A$15.4M placement in May 2026. Options and rights on issue could convert into 492M new shares, equal to 5.5% of the current share count, of which 3% are in the money at the current share price; the nearest expiry is January 2028. At the March 2026 quarter the company reported A$12.0M in available cash, about 2.4 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

5.5%

Max option dilution

3.0%

ITM option dilution

Raises · last 12 months

2.4 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 8.95B per ASX (delayed) (28 July 2026).

Cash runway

2.4 qtrs

Two to four quarters of funding at the recent spend rate.

$12.0M 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)

Date	Form	Security	Total on issue after	Source
9 July 2026	3H · cancellation	ORN : ORDINARY FULLY PAID	8.95B	Appendix 3H
3 June 2026	3G · unquoted	ORN : ORDINARY FULLY PAID	8.95B	Appendix 3G
3 June 2026	3G · unquoted	ORN : ORDINARY FULLY PAID	8.95B	Appendix 3G
3 June 2026	3G · unquoted	ORN : ORDINARY FULLY PAID	8.95B	Appendix 3G
3 June 2026	3G · unquoted	ORN : ORDINARY FULLY PAID	8.95B	Appendix 3G

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 · 2 in the last 12 months

$15.4M

Placement

18 May 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

5.5%

Total overhang · of current shares

3.0%

In the money · at current price

492.2M

Potential new shares

Jan 2028

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

Date	Director	Type	Shares	Options	Value	Source
23 Dec 2025	Denis Waddell	Other	66.7M	—	$1.0M	3Y notice
1 Sept 2025	Denis Waddell	Other	46.2M	21.0M	—	3Y notice
1 Sept 2025	Godfrey Gomwe	Other	2.7M	—	—	3Y notice