Companies / AS2

ASKARI METALS LIMITED

ASX:AS2Materials
788.7M shares on issueASX (delayed) · as of 28 July 2026$0.008price · delayed$6.3Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 705% in 24 months; 11 cash raises in 24 months

Cash runway-0.4 quarters of funding
Share-count growth (24m)705.1%
Raise cadence (24m)11 cash raises
Options & rights overhang166.4% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

ASKARI METALS LIMITED's ordinary share count grew 705.1% between July 2024 and June 2026, to 789M shares. The company raised capital 11 times in that period for total disclosed proceeds of A$6.4M, most recently a A$1.2M placement in May 2026 (total covers only raises with disclosed, confirmed proceeds). Options and rights on issue could convert into 1.31B new shares, equal to 166.4% of the current share count, with 0% in the money at the current share price and the nearest expiry in December 2026. At the March 2026 quarter the company reported A$-333K in available cash, representing -0.4 quarters of funding at its recent spending 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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166.4%
Max option dilution
0.0%
ITM option dilution
3
Raises · last 12 months
-0.4 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 788.7M per ASX (delayed) (28 July 2026).
334.2M501.0M667.9MDec 24Sept 25July 26Cash raise · 14 May 2026Cash raise · 2 Oct 2025Cash raise · 11 Sept 2025Cash raise · 15 May 2025Cash raise · 30 Apr 2025Cash raise · 25 Apr 2025Cash raise · 26 Mar 2025Cash raise · 24 Feb 2025Cash raise · 2 Jan 2025

Cash runway

-0.4 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-333k 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
18 June 20263H · cancellationORDINARY FULLY PAID781.5MAppendix 3H
18 June 20262A · quoted issueAS2 : ORDINARY FULLY PAID788.7MAppendix 2A
2 June 20262A · quoted issueAS2 : ORDINARY FULLY PAID781.5MAppendix 2A
15 May 20263H · cancellationAS2 : ORDINARY FULLY PAID771.5MAppendix 3H
14 May 20263H · cancellationAS2 : ORDINARY FULLY PAID771.5MAppendix 3H
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

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

$1.2M
Placement
14 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

166.4%
Total overhang · of current shares
0.0%
In the money · at current price
1.31B
Potential new shares
Dec 2026
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
14 May 2026Martin HollandSell10.0M20.0M$100k3Y notice
16 Dec 2025Martin HollandOther10.0M20.0M$100k3Y notice
4 Dec 2025Timothy MorrisonOther2.5M2.5M$25k3Y 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

14 July 2026Change in substantial holding
8 July 2026ASX LR 10.11 Compliance Update
29 June 2026$PAskari Provides Operational and Activities Update at Nejo
29 June 2026Askari Metals ASX Compliance and Funding Update
26 June 2026Access Letter, Notice of General Meeting and Proxy Form
18 June 2026Cleansing Statement
18 June 2026Notification of cessation of securities - AS2
18 June 2026Application for quotation of securities - AS2
17 June 2026$PExploration Advances at Uis Ahead of Polymetallic Drilling
16 June 2026Proposed issue of securities - AS2
9 June 2026$PK9 Trench Results Highlight Uis Polymetallic Potential
2 June 2026Cleansing Statement - Share Issues
2 June 2026Application for quotation of securities - AS2
2 June 2026Details of Company Address
29 May 2026Proposed issue of securities - AS2
25 May 2026$PExploration Program Underway at EPL 7626, Uis Project
18 May 2026Change of Director's Interest Notice
15 May 2026Notification of cessation of securities - AS2
15 May 2026Engagement of independent expert
14 May 2026Notification of cessation of securities - AS2

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