Companies / DUN

DUNDAS MINERALS LIMITED

ASX:DUNMaterials
235.0M shares on issueASX (delayed) · as of 28 July 2026$0.050price · delayed$11.3Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 178% in 24 months; 3 cash raises in 24 months

Cash runway1.7 quarters of funding
Share-count growth (24m)177.7%
Raise cadence (24m)3 cash raises
Options & rights overhang27.0% of shares
In-the-money supply14.9% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

DUNDAS MINERALS LIMITED's ordinary share count grew 177.7% between June 2024 and May 2026, to 235M shares. The company raised capital three times in that period for total disclosed proceeds of A$4.5M, most recently A$2.5M in February 2026. Options and rights on issue could convert into 64M new shares, equal to 27.0% of the current share count, of which 15% are in the money at the current share price; the nearest expiry is November 2026. At the March 2026 quarter the company reported A$726K in available cash, about 1.7 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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27.0%
Max option dilution
14.9%
ITM option dilution
2
Raises · last 12 months
1.7 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 235.0M per ASX (delayed) (28 July 2026).
134.1M171.1M208.2MDec 24Sept 25July 26Cash raise · 9 Feb 2026Cash raise · 6 Oct 2025

Cash runway

1.7 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$726k 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
3 July 20263H · cancellationDUN : ORDINARY FULLY PAID235.0MAppendix 3H
2 July 20263H · cancellationDUN : ORDINARY FULLY PAID235.0MAppendix 3H
7 May 20263G · unquotedDUN : ORDINARY FULLY PAID231.4MAppendix 3G
7 May 20262A · quoted issueDUN : ORDINARY FULLY PAID235.0MAppendix 2A
17 Apr 20263G · unquotedDUN : ORDINARY FULLY PAID195.5MAppendix 3G
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

$2.5M
Capital raise
9 Feb 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

1 proposed issue 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

27.0%
Total overhang · of current shares
14.9%
In the money · at current price
63.5M
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
9 July 2026Steven FormicaBuy2.6M10.0M$128k3Y notice
26 May 2026Jonathan DownesBuy49—$2k3Y notice
18 May 2026Jonathan DownesBuy71k—$3k3Y 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

20 July 2026$PNative Title Cleared for drilling at Capricorn
13 July 2026Change of Director's Interest Notice
3 July 2026Notification of cessation of securities - DUN
2 July 2026Notification of cessation of securities - DUN
23 June 2026$PRockland Assay Results
11 June 2026Becoming a substantial holder
27 May 2026Change of Director's Interest Notice
22 May 2026Change of Director's Interest Notice
18 May 2026Change of Director's Interest Notice
11 May 2026$PDundas Extends Gold Mineralisation at Rockland
7 May 2026Notification regarding unquoted securities - DUN
7 May 2026Cleansing Notice - Section 708A Corporations Act
7 May 2026Application for quotation of securities - DUN
4 May 2026Initial Director's Interest Notice
4 May 2026Proposed issue of securities - DUN
4 May 2026Appointment of Non-Executive Director
28 Apr 2026$PQuarterly Activities and Cashflow Report - March 2026
20 Apr 2026Change of Director's Interest Notice x 3
17 Apr 2026Notification regarding unquoted securities - DUN
17 Apr 2026Cleansing Notice - Section 708A Corporations Act

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