Companies / WMG

WESTERN MINES GROUP LTD

ASX:WMGMaterials

113.8M shares on issueASX (delayed) · as of 28 July 2026$0.18price · delayed$21.1Mmarket cap · indicative

Dilution grade

Share count grew 41% in 24 months; runway 2–4 quarters; 3 cash raises in 24 months

Cash runway2.1 quarters of funding

Share-count growth (24m)40.8%

Raise cadence (24m)3 cash raises

Options & rights overhang33.3% of shares

In-the-money supply0.0% of shares

Pending proposed issuesopen proposed issue (Appendix 3B)

WESTERN MINES GROUP LTD's ordinary share count rose 40.8% between July 2024 and April 2026, to 114M shares. The company raised capital three times in that period for total disclosed proceeds of A$6.2M, most recently A$3.7M in October 2025. Options and rights on issue could convert into 38M new shares, equal to 33.3% of the current share count, with 0% in the money and the nearest expiry in October 2026. At the March 2026 quarter the company reported A$1.5M in available cash, equal to 2.1 quarters of runway. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in October 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026

33.3%

Max option dilution

0.0%

ITM option dilution

Raises · last 12 months

2.1 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 113.8M per ASX (delayed) (28 July 2026).

Cash runway

2.1 qtrs

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

$1.5M 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
29 Apr 2026	2A · quoted issue	WMG : ORDINARY FULLY PAID	113.8M	Appendix 2A
13 Apr 2026	3H · cancellation	WMG : ORDINARY FULLY PAID	113.7M	Appendix 3H
3 Dec 2025	3G · unquoted	WMG : ORDINARY FULLY PAID	113.7M	Appendix 3G
23 Oct 2025	2A · quoted issue	WMG : ORDINARY FULLY PAID	113.7M	Appendix 2A
23 Oct 2025	3G · unquoted	WMG : ORDINARY FULLY PAID	97.2M	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 · 1 in the last 12 months

$3.7M

Capital raise

9 Oct 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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.

Paid plan

Pending issue detail

Size, price, fees, broker and placement-capacity usage for each pending issue.

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Options & convertible securities

33.3%

Total overhang · of current shares

0.0%

In the money · at current price

37.9M

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

Date	Director	Type	Shares	Options	Value	Source
3 Dec 2025	Benjamin Grguric	Other	815k	2.0M	—	3Y notice
3 Dec 2025	Rex Turkington	Other	—	2.0M	—	3Y notice
3 Dec 2025	Francesco Cannavo	Other	4.2M	2.0M	—	3Y notice