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Issued Capital

12 Months Ended

Jun. 30, 2025

10. ISSUED CAPITAL

In February 2025, we received commitments for a capital raising of approximately $40 million by means of a two tranche placement (the Placement) of fully paid ordinary shares. For every three new shares issued, one free attaching option was issued. The number of securities issued to the Placement participants on February 17, 2025 (Tranche 1), April 4, 2025 (Tranche 2) and April 23,2025 (Options) pursuant to ASX Listing Rule 7.1, and which are within the volumes approved by shareholders at the EGM on March 31, 2025, are:

●

3,636,363,636 ordinary shares at A$0.011 (1.1 Australian cents) per share (ASX:ATH); and

●

1,222,300,911 listed Long-Dated Options (each with an exercise price of A$0.028, expiring on February 26, 2027) (ASX: ATHOA).

			Years Ended June 30,
	Notes		2025		2024		2023

(a) Issued Capital
9,127,370,686 (2024: 5,245,115,318) fully paid ordinary shares		10(b)		262,949,462		223,152,985		213,971,323
Nil (2024: Nil) options for fully paid ordinary shares		10(c)		-		-		-

				262,949,462		223,152,985		213,971,323

(b) Movements in Issued Shares

	June 30,
	2025				2024				2023
	No. of shares		A$		No. of shares		A$		No. of shares		A$
Beginning of the year		5,245,115,318		223,152,985		2,439,897,618		213,971,323		2,406,874,578		213,787,061

Movement during the year		3,882,255,368		39,796,477		2,805,217,700		9,181,662		33,023,040		184,262

End of the year		9,127,370,686		262,949,462		5,245,115,318		223,152,985		2,439,897,618		213,971,323

Details of share issuances are as follows:

Date	Details	Notes	Number		Issue Price		$
Year end June 30, 2022				322,857,900				16,339,071
September 21, 2022	Issue of shares under ATM Facility			9,543,840		0.0135		128,842
March 15, 2023	Issue of shares under ATM Facility			23,479,200		0.0080		187,834	)
June 30, 2023	Security issuance costs							(132,413
Year end June 30, 2023				33,023,040				184,263
November 29,2023	Issue of shares under ATM Facility			362,462,762		0.0035		1,268,620
January 8,2024	Issue of shares under ATM Facility			1,008,965,805		0.0035		3,531,380
February 2,2024	Issue of shares under ATM Facility			571,428,556		0.0035		2,000,000	)
March 4, 2024	Issue of shares under ATM Facility			855,263,158		0.0038		3,250,000
April 22, 2024	Issue of shares under options exercised			7,097,419		0.0070		49,682
June 30, 2024	Security issuance costs			-				(918,020	)
Year end June 30, 2024				2,805,217,700				9,181,662
July 18,2024	Issue of shares under ATM Facility			75,220,800		0.0054		398,645
January 22,2025	Issue of shares under options exercised			95,238		0.0100		952
January 30,2025	Issue of shares under options exercised			6,333,333		0.004		48,873
February 3,2025	Issue of shares under ATM Facility			164,242,200		0.0129		2,122,173
February 17,2025	Issue of Placement shares			1,165,841,830		0.0110		12,824,260
March 14, 2025	Issue of shares under options exercised			161		0.0100		2
April 4, 2025	Issue of Placement shares			2,470,521,806		0.0110		27,175,740
June 30, 2025	Security issuance costs			-				(2,774,168	)
Year end June 30, 2025				3,882,255,368				39,796,477

(c) Terms and Conditions of Issued Capital

Ordinary shares

Ordinary shares have the right to receive dividends as declared and, in the event of a winding up of the Group, to participate in the proceeds from the sale of all surplus assets in proportion to the number of and amounts paid up on shares held. Ordinary shares entitle their holder to vote, either in person or by proxy, at a meeting of the Group’s shareholders.

Options

Option holders do not have the right to receive dividends and are not entitled to vote at a meeting of the Group’s shareholders. Options may be exercised at any time from the date they vest to the date of their expiration. Share options convert into ordinary shares on a one for one basis on the date they are exercised.

(d) Shares Issued after Reporting Date

No shares have been issued after the reporting date.