Companies / AS1

ASARA RESOURCES LIMITED

ASX:AS1Materials
2.09B shares on issueASX (delayed) · as of 28 July 2026$0.11price · delayed$229.5Mmarket cap · indicative
C
Dilution grade

Share count grew 136% in 24 months; 6 cash raises in 24 months; proposed issue pending

Cash runway21.8 quarters of funding
Share-count growth (24m)136.5%
Raise cadence (24m)6 cash raises
Options & rights overhang2.3% of shares
In-the-money supply1.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

ASARA RESOURCES LIMITED's ordinary share count grew 136.5% between March 2024 and July 2026, to 2.09B shares. The company raised capital six times in that period for total disclosed proceeds of A$173.6M, most recently a A$60.0M placement in May 2026. Options and rights on issue could convert into 47M new shares, equal to 2.3% of the current share count, of which 1% are in the money at the current share price; the nearest expiry is February 2027. At the March 2026 quarter the company reported A$73.6M in available cash, about 21.8 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in August 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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2.3%
Max option dilution
1.0%
ITM option dilution
3
Raises · last 12 months
21.8 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 2.09B per ASX (delayed) (28 July 2026).
1.23B1.54B1.86BDec 24Sept 25July 26Cash raise · 8 May 2026Cash raise · 5 May 2026Cash raise · 28 July 2025Cash raise · 23 July 2025Cash raise · 14 Feb 2025

Cash runway

21.8 qtrs
More than four quarters of funding at the recent spend rate.
$73.6M available cash at quarter ended 31 Mar 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 31 Mar 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
27 July 20263G · unquotedAS1 : ORDINARY FULLY PAID2.09BAppendix 3G
6 July 20262A · quoted issueAS1 : ORDINARY FULLY PAID2.09BAppendix 2A
29 June 20262A · quoted issueAS1 : ORDINARY FULLY PAID2.01BAppendix 2A
26 June 20262A · quoted issueAS1 : ORDINARY FULLY PAID2.05BAppendix 2A
15 May 20262A · quoted issueAS1 : ORDINARY FULLY PAID2.01BAppendix 2A
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

6 cash raises in the last 24 months · 3 in the last 12 months

$60.0M
Placement
8 May 2026 COMPLETE
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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

2.3%
Total overhang · of current shares
1.0%
In the money · at current price
47.2M
Potential new shares
Feb 2027
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
23 Mar 2026Timothy StrongOther3.0M7.5M$60k3Y notice
3 June 2025Timothy StrongOther—5.0M—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

27 July 2026Notification regarding unquoted securities - AS1
8 July 2026Cleansing Notice
6 July 2026$POngoing drilling at Kada continues to expand Massan deposit
6 July 2026Application for quotation of securities - AS1
30 June 2026Change of Registered Address
29 June 2026Cleansing Notice
29 June 2026Application for quotation of securities - AS1
28 June 2026Proposed issue of securities - AS1
28 June 2026$PPlacement Update
26 June 2026Application for quotation of securities - AS1
19 June 2026Results of Meeting
17 June 2026$PDrilling at Kada continues to deliver strong results
21 May 2026$PMore outstanding Results at the Kada Gold Project
20 May 2026Notice of General Meeting/Proxy Form
20 May 2026Ceasing to be a substantial holder
19 May 2026Change in substantial holding
18 May 2026Becoming a substantial holder
17 May 2026Asara appoints a Chief Financial Officer
15 May 2026Ceasing to be a substantial holder
15 May 2026Cleansing Notice

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