Companies / DM1

DESERT METALS LIMITED

ASX:DM1Materials
668.9M shares on issueASX (delayed) · as of 28 July 2026$0.008price · delayed$5.4Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 152% in 24 months; 3 cash raises in 24 months

Cash runway-0.2 quarters of funding
Share-count growth (24m)152.0%
Raise cadence (24m)3 cash raises
Options & rights overhang91.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

DESERT METALS LIMITED's ordinary share count grew 152.0% between January 2024 and June 2026, to 669M shares. The company raised capital three times in that period for total proceeds of A$4.8M, most recently A$325K in April 2026. Options and rights on issue could convert into 615M new shares, equal to 91.9% of the current share count, with 0% in the money at the current share price; the nearest expiry is November 2026. At the March 2026 quarter the company reported A$-123K in cash, equivalent to -0.2 quarters of cover 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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91.9%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
-0.2 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 668.9M per ASX (delayed) (28 July 2026).
350.2M467.2M584.2MDec 24Sept 25July 26Cash raise · 6 Apr 2026Cash raise · 3 Dec 2025Cash raise · 14 Feb 2025

Cash runway

-0.2 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-123k 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
11 June 20263H · cancellationDM1 : ORDINARY FULLY PAID668.9MAppendix 3H
9 June 20262A · quoted issueDM1 : ORDINARY FULLY PAID668.9MAppendix 2A
13 May 20262A · quoted issueDM1 : ORDINARY FULLY PAID650.8MAppendix 2A
6 May 20262A · quoted issueDM1 : ORDINARY FULLY PAID650.8MAppendix 2A
9 Mar 20263H · cancellationDM1 : ORDINARY FULLY PAID650.8MAppendix 3H
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

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

$325k
Capital raise
6 Apr 2026
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

91.9%
Total overhang · of current shares
0.0%
In the money · at current price
614.9M
Potential new shares
Nov 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
10 June 2026Stephen RossSell———3Y notice
10 June 2026Patrick FlintSell———3Y notice
10 June 2026Fatou GueyeSell———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

14 June 2026Change of Director's Interest Notice*3
11 June 2026Notification of cessation of securities - DM1
9 June 2026Application for quotation of securities - DM1
9 June 2026Completion of Agboville gold-lithium permits & Cleansing Not
8 June 2026$PHigh grade gold soil anomaly over 7km at Nyan gold prospect
2 June 2026Proposed issue of securities - DM1
2 June 2026DM1 acquires Agboville gold-lithium permits in Cote d'Ivoire
24 May 2026$PSoil sampling at Tengrela South extends Tiogo gold anomaly
13 May 2026Application for quotation of securities - DM1
11 May 2026$PAircore drilling extends Tiogo gold corridor to over 1.5km
8 May 2026Change of Director's Interest Notice x3
6 May 2026$PSecurity Class Reinstatement to Quotation - DM1O
6 May 2026DM1O distribution schedule
6 May 2026DM1O - top 20
6 May 2026Application for quotation of securities - DM1
3 May 2026$PStream sediment sampling defines 5km gold anomaly at Adzope
3 May 2026$PResults of Entitlement Offer
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 Apr 2026$PSecurity Class Suspension from Quotation - DM1O
15 Apr 2026Entitlement Offer Open/Despatch Letter to Shareholders

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