Companies / DES

DESOTO RESOURCES LIMITED

ASX:DESMaterials
276.8M shares on issueASX (delayed) · as of 28 July 2026$0.12price · delayed$33.2Mmarket cap · indicative
D
Dilution grade

Share count grew 336% in 24 months; options/rights overhang 49% of shares; runway 4–8 quarters

Cash runway5.9 quarters of funding
Share-count growth (24m)335.5%
Raise cadence (24m)1 cash raise
Options & rights overhang49.4% of shares
In-the-money supply3.3% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

DESOTO RESOURCES LIMITED's ordinary share count grew 335.5% between July 2024 and December 2025, to 277M shares. The company raised capital once in the 24‑month window for total proceeds of A$4.8M, with the most recent raise recorded in February 2025 for A$4.8M. Options and rights on issue could convert into 137M new shares, equal to 49.4% of the current share count, of which 3% are in the money; the nearest expiry is April 2027. At the March 2026 quarter the company reported A$9.0M in cash, covering 5.9 quarters at its recent run rate. Two proposed securities issues (Appendix 3B) are pending, the nearest proposed date being September 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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49.4%
Max option dilution
3.3%
ITM option dilution
0
Raises · last 12 months
5.9 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 276.8M per ASX (delayed) (28 July 2026).
205.2M231.5M257.8MMay 25Dec 25July 26

Cash runway

5.9 qtrs
More than four quarters of funding at the recent spend rate.
$9.0M 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
30 Dec 20252A · quoted issueDES : ORDINARY FULLY PAID276.8MAppendix 2A
27 Nov 20253G · unquotedDES : ORDINARY FULLY PAID233.4MAppendix 3G
27 Nov 20253G · unquotedORDINARY FULLY PAID233.4MAppendix 3G
27 Nov 20252A · quoted issueDES : ORDINARY FULLY PAID274.2MAppendix 2A
19 Oct 20252A · quoted issueDES : ORDINARY FULLY PAID233.4MAppendix 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

1 cash raise in the last 24 months · 0 in the last 12 months

$4.8M
Capital raise
17 Feb 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

2 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

49.4%
Total overhang · of current shares
3.3%
In the money · at current price
136.6M
Potential new shares
Apr 2027
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
28 Nov 2025Mr Paul RobertsOther125k9.0M$20k3Y notice
28 Nov 2025Mr Christopher SwallowOther125k—$20k3Y notice
28 Nov 2025Mr Finbarr (Barry) MurphyOther125k—$20k3Y 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

7 July 2026$PDeSoto-Fortuna Guinea Alliance Secures First Ground Package
9 June 2026$P10,000M Maiden Drilling Program Commencing at Timbakouna
25 May 2026$PBLEG Programs Completed Across the Southwest Siguiri
20 May 2026$PNew Targets Emerge at Timbakouna
28 Apr 2026Change in substantial holding
20 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
19 Apr 2026$PSiguiri Exploration Update
22 Mar 2026Change in substantial holding
11 Mar 2026$PDeSoto Consolidates on the Siguiri Gold Mineralisation Trend
11 Mar 2026Proposed issue of securities - DES
8 Mar 2026$P9km-Long Active Gold Zone at Koba with Exploration Underway
23 Feb 2026Half Year Accounts
9 Feb 2026$PCorporate Presentation - Mining INDABA
8 Feb 2026Proposed issue of securities - DES
8 Feb 2026$PNew Ground Acquired as Exploration Accelerates
27 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
14 Jan 2026Change in substantial holding
30 Dec 2025Cleansing Notice
30 Dec 2025Application for quotation of securities - DES
29 Dec 2025$PNorthern Territory Assay Results

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