CAVALIER RESOURCES LIMITED
ASX:CVRMaterialsToday’s holders own 93.2% of what they think they own, once every option and right converts.
Share count grew 48% in 24 months; runway 4–8 quarters; 2 cash raises in 24 months
CAVALIER RESOURCES LIMITED's ordinary share count increased 47.6% between October 2024 and October 2026, its latest share-count filing, to 85M shares. The company raised capital twice over the 24-month window for total disclosed proceeds of A$6.1M, most recently a A$4.0M placement in April 2026. Options and rights on issue could convert into 6M new shares, equal to 7.3% of the current share count, none of which are in the money; the nearest expiry falls in September 2027. The company holds more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 5
When did CVR last raise capital?
The last capital raise in Cavalier Resources's filings is Placement of $4.0M announced 23 Apr 2026, one of 2 cash raises in 24 months.
How much placement capacity does CVR have left?
About 83% of the 15% placement capacity left, about 17% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does CVR have?
In its quarterly cash report for the quarter ended 30 June 2026, Cavalier Resources reported $3.7M of cash and estimated 8.8 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do CVR's options expire?
Unexercised options and rights equal 7.3% of Cavalier Resources's shares on issue; the nearest expiry is Sept 2027.
How much has CVR's share count grown?
Cavalier Resources has 85.4M shares on issue as at 28 Oct 2026, up 47.6% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 14 Oct 2026 | 2A · quoted issue | CVR : ORDINARY FULLY PAID | 85.4M | Appendix 2A |
| 17 June 2026 | 3H · cancellation | CVR : ORDINARY FULLY PAID | 85.2M | Appendix 3H |
| 4 May 2026 | 2A · quoted issue | CVR : ORDINARY FULLY PAID | 85.2M | Appendix 2A |
| 20 Feb 2026 | 2A · quoted issue | CVR : ORDINARY FULLY PAID | 72.0M | Appendix 2A |
| 4 Feb 2026 | 2A · quoted issue | CVR : ORDINARY FULLY PAID | 71.6M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
2 cash raises in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.18 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 4.4M (5.1% of shares).
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| CVRAH | Options | Price-triggered | $0.50 | 12 Sept 2027 | 1.9M | Filing |
| CVRAG | Options | Price-triggered | $0.24 | 18 Oct 2027 | 4.4M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
- CVRAECondition-triggered4.0M securities → 010 Nov 2025 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 13 Oct 2026 | Daniel Tuffin | Buy placement | 200k | — | — | — | 3Y notice |
| 7 Nov 2025 | Anthony Keers | Other incentive | 500k | — | 500k | — | 3Y notice |
| 7 Nov 2025 | Daniel Tuffin | Other incentive | 1.8M | — | — | — | 3Y notice |
| 7 Nov 2025 | Ranko Matic | Other incentive | 1.8M | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.