DART MINING NL
ASX:DTMMaterialsToday’s holders own 55.1% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 1064% in 24 months; 5 cash raises in 24 months
DART MINING NL's ordinary share count rose 1063.9% between October 2024 and August 2026, its latest share-count filing. This figure is adjusted for a share consolidation (approximately 1-for-15 in October 2025), and the adjusted latest count stands at 334M shares. The company raised capital five times in that period for total proceeds of A$9.6M, most recently a A$2.0M placement in August 2026. Options and rights on issue could convert into 272M new shares, equating to 81.4% of the current share count, none in the money, with the nearest expiry in November 2026. On funding, the company reported that at the reported spend rate the reported cash would since have been used up, and no later cash report is on record, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 3
When did DTM last raise capital?
The last capital raise in Dart Mining's filings is Placement of $2.0M announced 20 Aug 2026, one of 5 cash raises in 24 months.
How much cash does DTM have?
In its quarterly cash report for the quarter ended 30 June 2026, Dart Mining reported $343k of cash and estimated 0.3 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do DTM's options expire?
Unexercised options and rights equal 81.4% of Dart Mining's shares on issue; the nearest expiry is Nov 2026.
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 |
|---|---|---|---|---|
| 27 Aug 2026 | 2A · quoted issue | DTM : ORDINARY FULLY PAID | 334.2M | Appendix 2A |
| 11 Aug 2026 | 2A · quoted issue | DTM : ORDINARY FULLY PAID | 267.4M | Appendix 2A |
| 11 Aug 2026 | 2A · quoted issue | DTM : ORDINARY FULLY PAID | 262.1M | Appendix 2A |
| 3 June 2026 | 2A · quoted issue | DTM : ORDINARY FULLY PAID | 262.1M | Appendix 2A |
| 1 May 2026 | 3G · unquoted | ORDINARY FULLY PAID | 209.7M | Appendix 3G |
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
5 cash raises in the last 24 months · 2 in the last 12 months
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- October 2026 · Maiden drilling commencement (to start)
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
An exercise price is on record for only 5.6% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.010 today. No more priced supply until 10× today’s price, which takes it to 4.1M (1.2% 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.
- 256.9M (94.4% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
- 11.2M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| DTMAAC | Options | Price-triggered | $0.30 | 13 Nov 2026 | 2.0M | Filing |
| DTMO | Options | Price-triggered, no exercise price stated | — | 7 May 2028 | 29.3M | Filing |
| DTMAAF | Options | Price-triggered | $0.15 | 29 May 2028 | 733k | Filing |
| DTMAAE | Options | Price-triggered | $0.15 | 29 May 2028 | 4.4M | Filing |
| DTMAAG | Options | Price-triggered | $0.15 | 9 Oct 2028 | 2.7M | Filing |
| DTMOC | Options | Price-triggered, no exercise price stated | — | 31 Oct 2028 | 227.6M | Filing |
| DTMAAH | Options | Price-triggered | $0.051 | 31 Oct 2028 | 4.1M | Filing |
| DTMAE | Options | Price-triggered | $0.90 | 18 Dec 2028 | 1.4M | 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.
- DTMAWPrice-triggered274k securities → 05 Mar 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 9 Oct 2025 | Mr Terrence Bates | Other incentive | — | 16.5M | — | $8k | 3Y notice |
| 4 Sept 2025 | Mr Dean Turnbull | Other incentive | 938k | 5.5M | — | $5k | 3Y notice |
| 4 Sept 2025 | Mr James Chirnside | Other incentive | 1.9M | 22.0M | — | $19k | 3Y notice |
| 4 Sept 2025 | Mr Richard Udovenya | Other incentive | 306k | 5.5M | — | $5k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.