DISCOVERY ALASKA LIMITED
ASX:DAFMaterialsToday’s holders own 98.4% of what they think they own, once every option and right converts.
2 cash raises in 24 months; proposed issue pending
DISCOVERY ALASKA LIMITED's ordinary share count grew 3.3% between February 2026 and August 2026, to 265M shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$1.3M, most recently a A$900K placement in August 2026. Options and rights on issue could convert into 4M new shares, equal to 1.7% of the current share count, with the nearest expiry in February 2029; none are currently in the money. At the June 2026 quarter the company reported A$1.2M in available cash, enough to cover 74.3 quarters of operations at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in December 2026.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 4 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 31 Aug 2026 | 2A · quoted issue | DAF : ORDINARY FULLY PAID | 264.9M | Appendix 2A |
| 4 Mar 2026 | 2A · quoted issue | DAF : ORDINARY FULLY PAID | 258.4M | Appendix 2A |
| 11 Feb 2026 | 2A · quoted issue | DAF : ORDINARY FULLY PAID | 256.4M | Appendix 2A |
| 11 Feb 2026 | 3G · unquoted | DAF : ORDINARY FULLY PAID | 234.2M | Appendix 3G |
Capital raises
2 cash raises in the last 24 months · 2 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.018 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 4.4M (1.7% 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 |
|---|---|---|---|---|---|---|
| DAFAB | Options | Price-triggered | $0.050 | 9 Feb 2029 | 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.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.