Dundas Minerals Limited (ASX:DUN) has notified the exchange of the cessation of two classes of unquoted options totalling 2,000,000 securities, both of which expired on 10 November 2026 without exercise or conversion, according to an Appendix 3H filing dated 11 November 2026.

Key Points

  • 1,000,000 options under code DUNAM, with an exercise price of $0.25, expired on 10 November 2026 without exercise or conversion.
  • 1,000,000 options under code DUNAN, with an exercise price of $0.30, expired on 10 November 2026 without exercise or conversion.
  • No consideration was paid by the entity for either cessation.
  • Following the cessations, Dundas Minerals has 293,781,478 fully paid ordinary shares on issue and 14 remaining classes of unquoted options.

Details of Ceased Options

The filing discloses that two classes of unquoted equity securities ceased on 10 November 2026. The first, trading under ASX security code DUNAM, comprised 1,000,000 options with an expiry date of 10 November 2026 and an exercise price of $0.25. The second, under code DUNAN, also comprised 1,000,000 options with the same expiry date and an exercise price of $0.30. Both classes lapsed due to expiry of the option without exercise or conversion, and the filing confirms no consideration was paid by the entity in connection with either cessation.

Issued Capital Following Cessations

Following the removal of the two expired option classes, Dundas Minerals' quoted equity securities consist of 293,781,478 fully paid ordinary shares. The company retains 14 classes of unquoted options on issue. These include, among others, 15,000,000 options expiring 16 June 2029 at $0.033, 15,000,000 options expiring 16 June 2029 at $0.0374, 14,000,000 options expiring 6 May 2029 at $0.06, and 8,000,000 options expiring 6 May 2029 at $0.10. Both DUNAM and DUNAN are recorded at zero securities on issue following the cessation.

Remaining Unquoted Option Classes

Additional unquoted option classes remaining on issue include 2,000,000 options expiring 5 January 2029 at $0.05, 2,000,000 options expiring 5 January 2029 at $0.10, 5,000,000 options expiring 15 December 2028 at $0.04, 5,000,000 options expiring 15 December 2029 at $0.08, 5,000,000 options expiring 15 December 2030 at $0.16, 2,500,000 options expiring 15 December 2028 at $0.08, 5,000,000 options expiring 17 April 2030 at $0.08, and 5,000,000 options expiring 17 April 2030 at $0.12, as disclosed in the filing's issued capital table.