Star Minerals Reports Expiry of 36.6 Million Options at $0.06 on 31 October 2026

Mukul

04 November 2026 03:11 PM AEDT

Star Minerals Reports Expiry of 36.6 Million Options at $0.06 on 31 October 2026

Image Source: Krish Capital Pty Ltd

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Star Minerals Limited (ASX:SMS) has disclosed that 36,599,992 unquoted options designated under the code SMSAE, with an exercise price of $0.06 and an expiry date of 31 October 2026, have ceased following their expiration without exercise or conversion, according to an Appendix 3H filing dated 4 November 2026.

Key Points

36,599,992 options (ASX code: SMSAE) expired on 31 October 2026 at an exercise price of $0.06 without being exercised or converted
No consideration was paid by the entity for the cessation of the options
Following the cessation, Star Minerals has 260,764,593 ordinary fully paid shares on issue
Remaining unquoted equity securities include performance shares, performance rights, and several classes of options with varying expiry dates and exercise prices

Details of Ceased Securities

The options that have ceased were classified as unquoted equity securities under the ASX code SMSAE, described as options expiring 31 October 2026 with an exercise price of $0.06. According to the filing, the reason for cessation was the expiry of the option or other convertible security without exercise or conversion. The company confirmed that no consideration was paid by the entity in connection with the cessation. The cessation date is recorded as 31 October 2026, with the notification lodged with ASX on 4 November 2026.

Issued Capital Following Cessation

Following the cessation of the SMSAE options, Star Minerals' quoted equity securities comprise 260,764,593 ordinary fully paid shares on issue under the SMS code. Among unquoted equity securities remaining on issue, the company holds 4,316,667 performance shares (SMSAF), 29,358,332 performance rights (SMSAD), 7,500,000 options expiring 17 November 2028 at $0.0675 (SMSAH), 6,680,184 options expiring 16 August 2031 at $0.0806 (SMSAI), and 3,471,093 options expiring 23 June 2028 at $0.0375 (SMSAG). The SMSAE class now shows zero securities on issue.

Filing and Regulatory Disclosure

The notification was submitted to ASX by Star Minerals Limited as an Appendix 3H — Notification of Cessation of Securities — constituting a new announcement. The filing noted that figures provided in the issued capital tables are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G, or Appendix 3H forms are currently with ASX for processing. The company's registered ACN is 648048631 and its ASX issuer code is SMS.

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