Companies / SMS

STAR MINERALS LIMITED

ASX:SMSMaterials
259.4M shares on issueAppendix 2A · as of 24 July 2026$0.042price · delayed$10.8Mmarket cap · indicative
D
Dilution grade

Share count grew 174% in 24 months; 6 cash raises in 24 months; options/rights overhang 32% of shares

Cash runway4.0 quarters of funding
Share-count growth (24m)173.8%
Raise cadence (24m)6 cash raises
Options & rights overhang31.9% of shares
In-the-money supply1.9% of shares
Pending proposed issuesnone

STAR MINERALS LIMITED's ordinary share count grew 173.8% between July 2024 and July 2026, to 259M shares. The company raised capital six times in that period for total disclosed proceeds of A$7.2M, most recently a A$1.0M placement in February 2026. Options and rights on issue could convert into 83M new shares, equal to 31.9% of the current share count, of which 2% are in the money at the current share price; the nearest expiry falls in October 2026. At the June 2026 quarter the company reported A$2.0M in available cash, about 4.0 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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31.9%
Max option dilution
1.9%
ITM option dilution
4
Raises · last 12 months
4.0 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 259.4M per Appendix 2A (24 July 2026).
137.4M180.9M224.4MDec 24Sept 25July 26Cash raise · 18 Feb 2026Cash raise · 17 Feb 2026Cash raise · 24 Oct 2025Cash raise · 24 Oct 2025Cash raise · 3 June 2025

Cash runway

4.0 qtrs
More than four quarters of funding at the recent spend rate.
$2.0M 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
24 July 20262A · quoted issueSMS : ORDINARY FULLY PAID259.4MAppendix 2A
6 July 20262A · quoted issueSMS : ORDINARY FULLY PAID256.0MAppendix 2A
27 May 20262A · quoted issueSMS : ORDINARY FULLY PAID253.4MAppendix 2A
29 Mar 20262A · quoted issueSMS : ORDINARY FULLY PAID249.1MAppendix 2A
18 Mar 20262A · quoted issueSMS : ORDINARY FULLY PAID244.7MAppendix 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 · 4 in the last 12 months

$1.0M
Placement
18 Feb 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

31.9%
Total overhang · of current shares
1.9%
In the money · at current price
82.7M
Potential new shares
Oct 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
24 July 2026Gemma Michelle LeeOther1.3M167k$47k3Y notice
24 July 2026Ashley Stewart JonesOther2.0M958k$71k3Y notice
6 July 2026Ian George StuartOther2.4M—$89k3Y 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

27 July 2026Change of Director's Interest Notice x2
24 July 2026Section 708A Notice
24 July 2026Application for quotation of securities - SMS
13 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
9 July 2026Change of Director's Interest Notice
6 July 2026Section 708A Notice
6 July 2026Application for quotation of securities - SMS
29 June 2026Change of Auditor
25 June 2026Star Minerals Secures Large New Gold Exploration Project
11 June 2026First Mineralisation Blasted and Mined from Tumblegum South
27 May 2026Section 708A Notice
27 May 2026Application for quotation of securities - SMS
11 May 2026First Blast at Tumblegum South Gold Project
22 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
20 Apr 2026$PTumblegum South Extensional Drilling Gold Results
6 Apr 2026Site Mobilisation Commences at Tumblegum South Gold Project
31 Mar 2026Change of Director's Interest Notice x2
29 Mar 2026Section 708A Notice
29 Mar 2026Application for quotation of securities - SMS
26 Mar 2026$PTumblegum South Grade Control Drilling Results

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