Companies / BTR

BRIGHTSTAR RESOURCES LIMITED

ASX:BTRMaterials
1.10B shares on issueASX (delayed) · as of 28 July 2026$0.33price · delayed$351.3Mmarket cap · indicative
NR
Dilution grade

Not rated — share-count series unreliable

Cash runway5.1 quarters of funding
Share-count growth (24m)no data — share-count series unreliable
Raise cadence (24m)2 cash raises
Options & rights overhang13.3% of shares
In-the-money supply10.1% of shares
Pending proposed issuesnone

BRIGHTSTAR RESOURCES LIMITED's latest reported ordinary share count was 1.10B as of May 2026; the share-count series is noted as unreliable. The company raised capital twice in the 24-month window for total disclosed proceeds of A$242.5M, most recently raising A$192.5M in January 2026. Options and rights on issue could convert into 146M new shares, equal to 13.3% of the current share count, of which 10% are in the money; the nearest expiry is July 2026. At the March 2026 quarter the company reported A$132.3M in available cash, covering about 5.1 quarters 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
Email me when this grade changes
Alerts are coming soon — this opens a pre-filled email that puts you on the list.
13.3%
Max option dilution
10.1%
ITM option dilution
1
Raises · last 12 months
5.1 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 1.10B per ASX (delayed) (28 July 2026).
603.9M785.3M966.6MMay 25Dec 25July 26Cash raise · 28 Jan 2026Cash raise · 17 July 2025

Cash runway

5.1 qtrs
More than four quarters of funding at the recent spend rate.
$132.3M 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.
Join the waitlist

Issuance timeline

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

DateFormSecurityTotal on issue afterSource
8 July 20263H · cancellationBTR : ORDINARY FULLY PAID1.10BAppendix 3H
2 July 20263H · cancellationBTR : ORDINARY FULLY PAID1.10BAppendix 3H
23 June 20263H · cancellationBTR : ORDINARY FULLY PAID1.10BAppendix 3H
28 May 20262A · quoted issueBTR : ORDINARY FULLY PAID1.10BAppendix 2A
8 Apr 20262A · quoted issueBTR : ORDINARY FULLY PAID1.10BAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Join the waitlist

Capital raises

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

$192.5M
Capital raise
28 Jan 2026
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
Join the waitlist

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

13.3%
Total overhang · of current shares
10.1%
In the money · at current price
145.8M
Potential new shares
July 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.
Join the waitlist

Director dealings

DateDirectorTypeSharesOptionsValueSource
29 May 2026Alex RoviraBuy112k—$40k3Y notice
31 Mar 2026Alex RoviraSell2.8M——3Y notice
6 Mar 2026Jonathan DownesBuy43k—$21k3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Join the waitlist

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Sign up free — coming soon

Latest announcements

15 July 2026$PBuilding Mines and Growing Resources Presentation
15 July 2026Investor Briefing Webinar
14 July 2026$PSandstone Mineral Resource Grows to 2.9Moz
8 July 2026Notification of cessation of securities - BTR
7 July 2026$PSandstone Drilling Reinforces District-Scale Opportunity
2 July 2026Notification of cessation of securities - BTR
1 July 2026$PGoldfields Project Development Update
23 June 2026Notification of cessation of securities - BTR
2 June 2026On Market Buying - Change of Director's Interest Notice
28 May 2026Cleansing notice under s708A
28 May 2026Application for quotation of securities - BTR
27 May 2026$PVisible gold in multiple DD holes in Sandstone drilling
25 May 2026$PBTR Approves Final Investment Decision at Goldfields Project
20 May 2026$PGoldfields Project Construction to Commence
5 May 2026$PRIU Sydney Conference Presentation
4 May 2026$PHigh grade results continue in Sandstone drilling
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
19 Apr 2026$PRecord Processing Campaign Delivers 7,900oz Au Production
15 Apr 2026$PStrategic Drill & Blast Agreement executed with Aquirian
14 Apr 2026Clarification Statement - Investor Presentation

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