Apollo Minerals Limited (ASX:AON) has disclosed that 20,000,000 unquoted options (ASX security code: AONAI) ceased on 31 October 2026 due to expiry without exercise or conversion, reducing the AONAI class to zero securities on issue.

Key Points

  • 20,000,000 AONAI options expired on 31 October 2026 without exercise or conversion
  • No consideration was paid by the entity for the cessation
  • Apollo Minerals has 1,259,952,824 ordinary fully paid shares on issue following the cessation
  • Remaining unquoted options include 19,750,000 AONAAA options expiring 19 February 2030 at $0.12, 18,700,000 AONAY options expiring 19 February 2029 at $0.06, and 16,200,000 AONAZ options expiring 19 February 2029 at $0.09
  • 2,000,000 AONAS performance rights expiring 17 June 2027 remain on issue

Cessation of AONAI Options

Apollo Minerals Limited filed an Appendix 3H notification with the ASX on 11 November 2026, disclosing the cessation of 20,000,000 unquoted equity securities under the code AONAI, described as options expiring on various dates at various exercise prices. The cessation occurred on 31 October 2026 and was the result of the expiry of the options without exercise or conversion. The company confirmed that no consideration was paid by the entity in connection with the cessation of these securities.

Issued Capital Following the Cessation

Following the cessation, Apollo Minerals' quoted equity securities comprise 1,259,952,824 ordinary fully paid shares (ASX code: AON). The AONAI class of unquoted options now stands at zero securities on issue. The company noted that the figures in its issued capital table are automatically generated and may not reflect current issued capital if other appendix forms are simultaneously being processed by ASX at the time of the notification.

Remaining Unquoted Securities on Issue

Apollo Minerals disclosed the following unquoted equity securities remaining on issue after the cessation: 19,750,000 AONAAA options expiring 19 February 2030 at an exercise price of $0.12; 18,700,000 AONAY options expiring 19 February 2029 at an exercise price of $0.06; 16,200,000 AONAZ options expiring 19 February 2029 at an exercise price of $0.09; and 2,000,000 AONAS performance rights expiring 17 June 2027. No additional information was provided by the entity in relation to the cessation.