Companies / QML

QMINES LIMITED

ASX:QMLMaterials
772.0M shares on issueASX (delayed) · as of 28 July 2026$0.056price · delayed$40.1Mmarket cap · indicative
C
Dilution grade

Share count grew 242% in 24 months; 6 cash raises in 24 months; runway 4–8 quarters

Cash runway5.2 quarters of funding
Share-count growth (24m)242.5%
Raise cadence (24m)6 cash raises
Options & rights overhang9.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

QMINES LIMITED's ordinary share count grew 242.5% between May 2024 and May 2026, to 772M shares. The company raised capital six times in that period for total disclosed proceeds of A$41.8M, most recently a A$15.0M placement in April 2026. Options and rights on issue could convert into 76M new shares, equal to 9.8% of the current share count, with 0% in the money at present and the nearest expiry in September 2026. At the March 2026 quarter the company reported A$13.7M in available cash, representing about 5.2 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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9.8%
Max option dilution
0.0%
ITM option dilution
5
Raises · last 12 months
5.2 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 772.0M per ASX (delayed) (28 July 2026).
433.6M557.8M682.1MDec 24Sept 25July 26Cash raise · 20 Apr 2026Cash raise · 16 Apr 2026Cash raise · 2 Oct 2025Cash raise · 23 Sept 2025Cash raise · 23 Sept 2025Cash raise · 12 Feb 2025

Cash runway

5.2 qtrs
More than four quarters of funding at the recent spend rate.
$13.7M 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
20 July 20263H · cancellationQML : ORDINARY FULLY PAID772.0MAppendix 3H
14 July 20263H · cancellationQML : ORDINARY FULLY PAID772.0MAppendix 3H
25 May 20262A · quoted issueQML : ORDINARY FULLY PAID772.0MAppendix 2A
18 May 20262A · quoted issueQML : ORDINARY FULLY PAID676.4MAppendix 2A
8 May 20262A · quoted issueQML : ORDINARY FULLY PAID654.2MAppendix 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

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

$15.0M
Placement
20 Apr 2026 ACTIVE
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

9.8%
Total overhang · of current shares
0.0%
In the money · at current price
75.8M
Potential new shares
Sept 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
5 Jan 2026Peter CaristoOther50k——3Y notice
5 Jan 2026Elissa HansenOther300k——3Y notice
5 Jan 2026Andrew SparkeOther950k——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

22 July 2026$PMulti-Rig 10,000m Drilling Program Underway at Mt Chalmers
20 July 2026Notification of cessation of securities - QML
20 July 2026Results of General Meeting
14 July 2026Notification of cessation of securities - QML
5 July 2026Queensland Government & QIC Inspect Progress at Mt Chalmers
26 June 2026Release of Shares from Voluntary Escrow
21 June 2026$PFinal Assay Results Complete Mount Mackenzie Drilling
18 June 2026Notice of General Meeting/Proxy Form
15 June 2026New Drill Targets Demonstrate Mt Chalmers Growth Potential
31 May 2026QMines Rapidly Advances Fully Funded DFS Towards Delivery
27 May 2026Cleansing Notice
26 May 2026Becoming a substantial holder
25 May 2026Application for quotation of securities - QML
25 May 2026Update - Proposed issue of securities - QML
21 May 2026Grounded in Growth Presentation
19 May 2026$PQIC Investment - Satisfaction of Conditions
18 May 2026Cleansing Notice
18 May 2026Application for quotation of securities - QML
8 May 2026Cleansing Notice
8 May 2026Application for quotation of securities - QML

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