Companies / MVL

MARVEL GOLD LIMITED

ASX:MVLMaterials
1.42B shares on issueASX (delayed) · as of 28 July 2026$0.011price · delayed$16.4Mmarket cap · indicative
C
Dilution grade

Runway 2–4 quarters; share count grew 32% in 24 months; 3 cash raises in 24 months

Cash runway3.6 quarters of funding
Share-count growth (24m)31.7%
Raise cadence (24m)3 cash raises
Options & rights overhang4.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

MARVEL GOLD LIMITED's ordinary share count grew 31.7% between March 2025 and March 2026, to 1.42B shares. The company raised capital three times in the 24-month window for total disclosed proceeds of A$7.0M, most recently A$250K in August 2025. Options and rights on issue could convert into 65M new shares, equal to 4.6% of the current share count, with 0% in the money at present and the nearest expiry in August 2026. At the March 2026 quarter the company reported A$2.3M in available cash, equal to about 3.6 quarters of funding at recent levels. 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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4.6%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
3.6 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.42B per ASX (delayed) (28 July 2026).
0.98B1.14B1.30BDec 24Sept 25July 26Cash raise · 25 Aug 2025Cash raise · 13 May 2025Cash raise · 18 Mar 2025

Cash runway

3.6 qtrs
Two to four quarters of funding at the recent spend rate.
$2.3M 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
18 Mar 20262A · quoted issueMVL : ORDINARY FULLY PAID1.42BAppendix 2A
2 Sept 20252A · quoted issueMVL : ORDINARY FULLY PAID1.42BAppendix 2A
25 Aug 20252A · quoted issueMVL : ORDINARY FULLY PAID1.41BAppendix 2A
20 June 20253G · unquotedMVL : ORDINARY FULLY PAID1.39BAppendix 3G
20 June 20253H · cancellationMVL : ORDINARY FULLY PAID1.39BAppendix 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 · 1 in the last 12 months

$250k
Capital raise
25 Aug 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

4.6%
Total overhang · of current shares
0.0%
In the money · at current price
65.1M
Potential new shares
Aug 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
3 June 2025Timothy StrongOther1.3M——3Y notice
3 June 2025Stephen DennisOther6.3M9.0M—3Y notice
3 June 2025Steven MichaelOther3.1M9.0M—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

30 June 2026Change of Registered Address
28 May 2026$PMarvel commences drilling at the Hanang Project Tanzania
21 May 2026Annual General Meeting Results
26 Apr 2026$PQuarterly Activities and Cashflow Report - March 2026
22 Apr 2026Notice of Annual General Meeting & Proxy Form
26 Mar 2026$PHigh priority targets identified at Hanang
26 Mar 2026Corporate Governance Statement & Appendix 4G
26 Mar 20262025 Annual Report
18 Mar 2026Cleansing Notice
18 Mar 2026Application for quotation of securities - MVL
18 Mar 2026AGM - Closing date for director nominations
9 Feb 2026Corporate Presentation
22 Jan 2026$PMarvel identifies five high priority targets at Hanang
21 Jan 2026$PQuarterly Activities and Cashflow Report - December 2025
16 Dec 2025$PEntry into agreement to sell Yanfolila gold project in Mali
30 Oct 2025$PQuarterly Activities and Cashflow Report - September 2025
12 Oct 2025$PDrone Borne Magnetic Survey Commences at Hanang
17 Sept 2025$PGold geochemistry identified a 3km gold anomaly at Hanang
15 Sept 2025$PMarvel increases land holding in Tanzania
11 Sept 2025Half Year Accounts

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