Companies / MAN

MANDRAKE RESOURCES LIMITED

ASX:MANMaterials
627.3M shares on issueASX (delayed) · as of 28 July 2026$0.021price · delayed$13.2Mmarket cap · indicative
A
Dilution grade

Options/rights overhang 7% of shares

Cash runway65.6 quarters of funding
Share-count growth (24m)1.2%
Raise cadence (24m)0 cash raises
Options & rights overhang6.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MANDRAKE RESOURCES LIMITED's ordinary share count was 624M as of October 2024, up 1.2% since May 2024. The company recorded no capital raises in the 24-month window. Options and rights on issue could convert into 43M new shares, equal to 6.9% of the current share count, with 0% in the money at the current share price and the nearest expiry in February 2027. At the June 2026 quarter the company reported A$11.6M in cash, equivalent to 65.6 quarters of funding at its recent reported burn rate. There are no proposed securities issues (Appendix 3B) pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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6.9%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
65.6 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 627.3M per ASX (delayed) (28 July 2026).
624.8M627.3M629.8MDec 24Sept 25July 26

Cash runway

65.6 qtrs
More than four quarters of funding at the recent spend rate.
$11.6M available cash at quarter ended 30 June 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 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
9 Mar 20263H · cancellationORDINARY FULLY PAID627.3MAppendix 3H
15 Dec 20253H · cancellationORDINARY FULLY PAID627.3MAppendix 3H
15 Dec 20253G · unquotedORDINARY FULLY PAID627.3MAppendix 3G
20 Dec 20243G · unquotedORDINARY FULLY PAID627.3MAppendix 3G
30 Oct 20242A · quoted issueMAN : ORDINARY FULLY PAID624.3MAppendix 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

No equity raises in the last 24 months.
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

6.9%
Total overhang · of current shares
0.0%
In the money · at current price
43.0M
Potential new shares
Feb 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
15 Dec 2025Roger FitzhardingeOther7.0M7.5M—3Y notice
15 Dec 2025Lloyd FlintOther—5.0M—3Y notice
15 Dec 2025James AllchurchOther217.5M—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

21 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
5 July 2026$PBulk Brine Production at Utah Lithium Project
18 June 2026$PDrilling contract signed for Berinka Pine Creek AuCu Project
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
24 Apr 2026$PUtah Lithium Project - Competing Tenure
9 Mar 2026Notification of cessation of securities - MAN
9 Mar 2026Half Yearly Report and Accounts
4 Feb 2026$PUS Department of Energy Funding Received
28 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
15 Dec 2025Change of Director's Interest Notice (x3)
15 Dec 2025Secondary Trading Notice - 708A(5)
15 Dec 2025Notification regarding unquoted securities - MAN
15 Dec 2025Notification of cessation of securities - MAN
7 Dec 2025$PBinding Agreement to recover Uranium and critical minerals
26 Nov 2025Results of Meeting
9 Nov 2025$PAgreement to Recover Uranium from Abandoned Mine Waste Dumps
2 Nov 2025$PMandrake Signs Offtake with US Lithium Refinery
24 Oct 2025Notice of Annual General Meeting/Proxy Form
19 Oct 2025$PPotential high-grade bulk lithium brines identified
15 Oct 2025$PQuarterly Activities/Appendix 5B Cash Flow Report

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