Companies / CBE

COBRE LIMITED

ASX:CBEMaterials
1.21B shares on issueASX (delayed) · as of 28 July 2026$0.27price · delayed$308.0Mmarket cap · indicative
D
Dilution grade

Share count grew 265% in 24 months; 10 cash raises in 24 months; options/rights overhang 42% of shares

Cash runway34.1 quarters of funding
Share-count growth (24m)264.8%
Raise cadence (24m)10 cash raises
Options & rights overhang41.9% of shares
In-the-money supply10.6% of shares
Pending proposed issuesnone

COBRE LIMITED's ordinary share count grew 264.8% between March 2024 and July 2026, to 1.21B shares. The company raised capital ten times in that period for total proceeds of A$168.0M, most recently a A$90.0M placement in July 2026. Options and rights on issue could convert into 507M new shares, equal to 41.9% of the current share count, of which 11% are in the money at the current share price; the nearest expiry is October 2026. At the March 2026 quarter the company reported A$126.2M in available cash, representing 34.1 quarters of cover. No proposed securities issues (Appendix 3B) are currently 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.
41.9%
Max option dilution
10.6%
ITM option dilution
7
Raises · last 12 months
34.1 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 1.21B per ASX (delayed) (28 July 2026).
0.59B0.82B1.04BDec 24Sept 25July 26Cash raise · 6 July 2026Cash raise · 30 Mar 2026Cash raise · 12 Feb 2026Cash raise · 8 Dec 2025Cash raise · 13 Nov 2025Cash raise · 23 Oct 2025Cash raise · 23 Oct 2025Cash raise · 30 June 2025Cash raise · 10 June 2025

Cash runway

34.1 qtrs
More than four quarters of funding at the recent spend rate.
$126.2M 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
16 July 20262A · quoted issueCBE : ORDINARY FULLY PAID1.21BAppendix 2A
3 July 20262A · quoted issueCBE : ORDINARY FULLY PAID966.4MAppendix 2A
23 June 20262A · quoted issueCBE : ORDINARY FULLY PAID965.9MAppendix 2A
19 June 20262A · quoted issueCBE : ORDINARY FULLY PAID965.6MAppendix 2A
4 June 20262A · quoted issueCBE : ORDINARY FULLY PAID965.1MAppendix 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

10 cash raises in the last 24 months · 7 in the last 12 months

$90.0M
Placement
6 July 2026 ACTIVE
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

41.9%
Total overhang · of current shares
10.6%
In the money · at current price
506.5M
Potential new shares
Oct 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
13 July 2026David (Michael) McNeillyBuy75k—$20k3Y notice
13 July 2026Martin HollandBuy376k—$100k3Y notice
3 June 2026Martin HollandBuy151k—$50k3Y 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

24 July 2026Ngami ISCR Exploration Target Updated Announcement
22 July 2026$PBotswana Development, Exploration & Collaboration Update
22 July 2026Cobre to Host Quarterly Investor Conference Call
20 July 2026Change in substantial holding
16 July 2026Sierra Atacama Operational Update
16 July 2026Comp of First Tranche of A$90.0M Capital Raising
16 July 2026Cleansing Notice
16 July 2026Application for quotation of securities - CBE
14 July 2026Equity Raising Presentation
13 July 2026Change of Director's Interest Notice - Martin Holland
13 July 2026Change of Director's Interest Notice - Michael McNeilly
9 July 2026Proposed issue of securities - CBE
9 July 2026$PCobre Completes A$90M Institutional Capital Raise
7 July 2026$PCobre Increases Ownership in Sierra Atacama Copper Project
6 July 2026$PTrading Halt
5 July 2026$PSierra Atacama Copper Mine Delivers First Positive Cash Flow
3 July 2026Application for quotation of securities - CBE
30 June 2026$PSignificant Resource Growth Potential - Chile
28 June 2026$PCBE Consolidates Premier Sierra Atacama Cu District Position
23 June 2026Update - Application for quotation of securities - CBE

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