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2026-11-06
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Altair Minerals Limited

Discovery Drill Stage · Gold · Copper · Guyana · Australia · Peru Rating locked: sign in to view v6.2
Last 2026-11-06
A$0.028
1D
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1M
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YTD
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1Y
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Upside
Locked: sign in to view
Mkt cap
A$185.6M
EV
A$152M
Cash
A$33.6M
Debt
A$0
2 newer ASX announcements not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash A$33.6M Finite
Debt A$0 Net cash A$33.6M
Basic shares 6.6B 2026-06-22
Runway 9.24 quarters Appendix 5B cash of A$33.644 million divided by A$3.641 million quarterly relevant outgoings.

Liquidity

Financial position

The Endeavour placement materially improves near-term exploration funding, but sustained multi-year exploration and any development would require additional capital.

Capital structure

Ownership and dilution

Ordinary shares
6.6B
Fully diluted
8.7B

The 31 December 2025 anchor was 5,972,668,602 shares. Quotation of 398,000,000 shares on 1 May and 258,264,364 shares on 22 June produces 6,628,932,966 ordinary shares. Adding all 2,048,678,294 issued unquoted options and rights gives 8,677,611,260 fully diluted securities. The 15 million advisor options proposed for December 2026 are excluded because they were unissued at cutoff.

Security classes5
ClassTypeQuantityStrikeExpiry
ASX-quoted ordinary fully paid sharesOrdinary Share6.6B——
Options expiring 19 February 2027Option625MA$0.0032027-02-19
Unquoted rights (ALRAE); conversion terms not stated in Appendix 2APerformance Right125M——
Options expiring 15 May 2027Option354.2MA$0.0032027-05-15
Issued performance rights including 764,511,628 Greater Oko vendor-consultant rights and 180,000,000 incentive rightsPerformance Right944.5M——

KPI history

Operating metrics · Greater Oko Project

Other shown
0953,9601,907,9202,861,8803,815,840March 2026: 1,738,000 AUD exploration and evaluation expenditureMarch 2026June 2026: 3,407,000 AUD exploration and evaluation expenditureJune 2026
MetricUnitTrendMarch 2026June 2026
OtherAUD exploration and evaluation expenditureMarch 2026: 1,738,000 AUD exploration and evaluation expenditureJune 2026: 3,407,000 AUD exploration and evaluation expenditure1,738,0003,407,000
Operating metric source table3
MetricProjectPeriodPeriod typeValueStatus
OtherCompanySeptember 2025 quarterQuarter1,069,000 AUD exploration and evaluation expenditureReported
OtherGreater OkoMarch 2026 quarterQuarter1,738,000 AUD exploration and evaluation expenditureReported
OtherGreater OkoJune 2026 quarterQuarter3,407,000 AUD exploration and evaluation expenditureReported
Company guidance1
MetricProjectPeriodLowHighStatus
Planned Diamond And Reverse Circulation Drillinggreater_okoupscaled Greater Oko exploration program announced July 202675,00075,000 mCurrent

Capital history

Capital events

2 events · newest first
DateEventAmountSharesPriceStatusTerms
2026-06-22Ann. 2026-04-27RaisingOrdinary Fully Paid SharesA$28.2M656.3MA$0.043CompletedTwo-tranche strategic placement to Endeavour Gold Corporation, completed after approval.Max 656.3M · Period 2026-04-27 to 2026-06-22 · 62 Capital Pty Ltd and Argonaut Securities Pty Limited · Holder approval required
2025-11-14RaisingA$13M812.5M—Completed—

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Partial · as of 2026-09-18

Annual report, original transaction announcements, June quarterly and later accessible secondary South Oko option report; original September option agreement and current Irka exercise status unavailable.

Altair earns ownership through staged funding and vendor payments; Adamantium remains carried until the 70% stage.

Earn In · Active
Counterparties
Adamantium Exploration Inc.
Applies to
Greater Oko Project · Gold
Economic direction
Mixed
Period
From 2025-10-14; no end date stated
Key terms
Maximum interest: 70 %
Funding and payments: Staged exploration expenditure and vendor cash USD
Vendor carry: Free carried until earn-in completion
Performance rights: 764,511,628 rights
How it affects our valuation

No valuation treatment is available for this arrangement.

Option over Irka with contingent funding and consideration; exercise or extension after August 2026 is unverified.

Earn In · Unknown
Counterparties
Crhistian Enrique Vargas Serna
Applies to
Venatica Project · Copper · Gold · Silver
Economic direction
Mixed
Period
From 2025-02-04; no end date stated
Key terms
Potential beneficial interest: 80 %
Exercise payment: 60,000 USD
Development funding: Altair funds to DFS
How it affects our valuation

No valuation treatment is available for this arrangement.

Endeavour placement funded exploration and created a technical collaboration; no revenue rights or additional financing entitlement disclosed.

Strategic Partnership · Active
Counterparties
Endeavour Gold Corporation · Endeavour Mining plc
Applies to
Greater Oko Project · Gold
Economic direction
Benefit
Period
From 2026-06-22; no end date stated
Key terms
Placement proceeds: 28,219,000 AUD
Technical collaboration: Joint Technical Committee
How it affects our valuation

No valuation treatment is available for this arrangement.

Conditional option over 29 km2 adjoining South Oko; original issuer agreement unavailable, so terms are sourced to secondary reporting.

Earn In · Conditional
Counterparties
Henry Alphonso · Lorenzo Alphonso · Clinton Alphonso · Vincent Thakur
Applies to
South Oko adjoining permit option · Gold
Economic direction
Mixed
Period
From 2026-09-17; no end date stated
Key terms
Signing fee: 175,000 USD
Due diligence: 60 days
Initial 12-month option payment: 1,075,000 USD
Annual extension payment: 650,000 USD/year
100% exercise payment: 4,500,000 USD
How it affects our valuation

No valuation treatment is available for this arrangement.