Companies / CAY

CANYON RESOURCES LIMITED

ASX:CAYMaterials
2.06B shares on issueASX (delayed) · as of 28 July 2026$0.086price · delayed$177.3Mmarket cap · indicative
D
Dilution grade

Share count grew 50% in 24 months; runway 2–4 quarters; 2 cash raises in 24 months

Cash runway2.3 quarters of funding
Share-count growth (24m)50.0%
Raise cadence (24m)2 cash raises
Options & rights overhang26.2% of shares
In-the-money supply25.4% of shares
Pending proposed issuesnone

CANYON RESOURCES LIMITED's ordinary share count grew 50.0% between May 2024 and December 2025, to 2.06B shares. The company raised capital twice in the 24-month window for total disclosed proceeds of A$230.8M, most recently receiving A$205.4M in September 2025. Options and rights on issue could convert into 541M new shares, equal to 26.2% of the current share count, of which 25% are in the money at the current share price; the nearest expiry is December 2026. At the March 2026 quarter the company reported A$49.8M in available cash, about 2.3 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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26.2%
Max option dilution
25.4%
ITM option dilution
1
Raises · last 12 months
2.3 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 2.06B per ASX (delayed) (28 July 2026).
1.55B1.74B1.93BDec 24Sept 25July 26Cash raise · 22 Sept 2025Cash raise · 16 May 2025

Cash runway

2.3 qtrs
Two to four quarters of funding at the recent spend rate.
$49.8M 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 Feb 20263H · cancellationCAY : ORDINARY FULLY PAID2.06BAppendix 3H
1 Dec 20252A · quoted issueCAY : ORDINARY FULLY PAID2.06BAppendix 2A
18 Nov 20252A · quoted issueCAY : ORDINARY FULLY PAID2.06BAppendix 2A
1 Oct 20252A · quoted issueCAY : ORDINARY FULLY PAID1.92BAppendix 2A
9 July 20252A · quoted issueCAY : ORDINARY FULLY PAID1.78BAppendix 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

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

$205.4M
Capital raise
22 Sept 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

26.2%
Total overhang · of current shares
25.4%
In the money · at current price
541.3M
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
26 June 2026Mark HohnenSell———3Y notice
1 Dec 2025Mark HohnenOther3.0M3.0M—3Y notice
12 Feb 2025Mr Wei (Peter) SuSell———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

28 July 2026Change in substantial holding
1 July 2026Initial Director's Interest Notice
1 July 2026Appointment of Non-Executive Director
29 June 2026Change of Director's Interest Notice - MH
25 June 2026$PMinim Martap Development Progress and Corporate Update
7 May 2026$PMinim Martap Development Update
22 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
12 Apr 2026Final Director's Interest Notice
12 Apr 2026$PCorporate Update and Project Development Progress
23 Mar 2026Corporate Presentation
12 Mar 2026Half Year Accounts
10 Mar 2026$PMinim Martap Development Update
9 Mar 2026Cancel - Proposed issue of securities - CAY
9 Mar 2026Results of Meeting
18 Feb 2026Notification of cessation of securities - CAY
11 Feb 2026Corporate Presentation
6 Feb 2026$PMinim Martap Development Update
5 Feb 2026Notice of General Meeting/Proxy Form
5 Feb 2026Notice of Release of Escrow
26 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report

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