Companies / AAR

ASTRAL RESOURCES NL

ASX:AARMaterials
1.80B shares on issueASX (delayed) · as of 28 July 2026$0.14price · delayed$252.1Mmarket cap · indicative
C
Dilution grade

Share count grew 92% in 24 months; 4 cash raises in 24 months

Cash runway10.2 quarters of funding
Share-count growth (24m)92.5%
Raise cadence (24m)4 cash raises
Options & rights overhang2.2% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ASTRAL RESOURCES NL's ordinary share count grew 92.5% between June 2024 and January 2026, to 1.80B shares. The company completed four capital raises in that 24-month window for total disclosed proceeds of A$90.1M, most recently raising A$65.0M in December 2025. Options and rights on issue could convert into 39M new shares, equal to 2.2% of the current share count, with 0% reported in the money. At the June 2026 quarter the company reported A$62.4M in available cash, representing 10.2 quarters of cover at its recent cash burn rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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2.2%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
10.2 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.80B per ASX (delayed) (28 July 2026).
1.33B1.50B1.68BDec 24Sept 25July 26Cash raise · 5 Dec 2025Cash raise · 6 June 2025Cash raise · 22 May 2025

Cash runway

10.2 qtrs
More than four quarters of funding at the recent spend rate.
$62.4M available cash at quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
28 Jan 20262A · quoted issueAAR : ORDINARY FULLY PAID1.80BAppendix 2A
28 Jan 20262A · quoted issueAAR : ORDINARY FULLY PAID1.79BAppendix 2A
17 Dec 20252A · quoted issueAAR : ORDINARY FULLY PAID1.79BAppendix 2A
20 Nov 20252A · quoted issueAAR : ORDINARY FULLY PAID1.48BAppendix 2A
20 Nov 20253G · unquotedORDINARY FULLY PAID1.47BAppendix 3G
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

4 cash raises in the last 24 months · 1 in the last 12 months

$65.0M
Capital raise
5 Dec 2025
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

2.2%
Total overhang · of current shares
0.0%
In the money · at current price
39.5M
Potential new shares
—
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
28 Jan 2026Marc DuclerBuy500k——3Y notice
28 Jan 2026David VarcoeBuy100k560k—3Y notice
28 Jan 2026Justin OsborneBuy500k560k—3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

26 July 2026$PQuarterly Activities & Cashflow Report
22 July 2026$PHigh-Grade Assays from Stage 1 In-fill Drilling at Theia
14 July 2026Melbourne Mining Club Cutting Edge Series Presentation
13 July 2026$PDeep Drilling Continues to Expand Theia Deeps
8 July 2026$PHigh-Grade Assay Results from Theia Stage 1 In-fill Drilling
28 June 2026$PAdditional Broad Zones of Gold Mineralisation at Theia Deeps
19 May 2026Ceasing to be a substantial holder
14 May 2026$PGold Mineralisation at Theia Extended 210 Vertical Metres
12 May 2026Mandilla Gold Project Update - Amended
4 May 2026$PMandilla Gold Project Exploration & Development Update
26 Apr 2026Ceasing to be a substantial holder
20 Apr 2026$PMineral Resource Increased to 2.07 Million Ounces
19 Apr 2026$PQuarterly Activities & Cashflow Report
8 Apr 2026Resources Rising Stars Gather Round Investor Presentation
24 Mar 2026$PSignificant High-Grade Gold Intersected at Spargoville
12 Mar 2026Interim Financial Report
4 Mar 2026Ceasing to be a substantial holder
3 Mar 2026Ceasing to be a substantial holder
19 Feb 2026RIU Explorers Conference Presentation
8 Feb 2026Becoming a substantial holder

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.