Companies / NSM

NORTH STAWELL MINERALS LTD

ASX:NSMMaterials
373.9M shares on issueASX (delayed) · as of 28 July 2026$0.020price · delayed$7.5Mmarket cap · indicative
C
Dilution grade

Share count grew 132% in 24 months; runway 2–4 quarters; 2 cash raises in 24 months

Cash runway2.2 quarters of funding
Share-count growth (24m)132.5%
Raise cadence (24m)2 cash raises
Options & rights overhang1.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

NORTH STAWELL MINERALS LTD's ordinary share count grew 132.5% between September 2024 and June 2026, to 374M shares. The company raised capital twice in that 24-month window for total proceeds of A$3.7M, most recently raising A$2.4M in June 2025. Options and rights on issue could convert into 4M new shares, equal to 1.0% of the current share count, with the nearest expiry in November 2026 and 0% of current shares in the money. At the March 2026 quarter the company reported A$780K in available cash, covering about 2.2 quarters 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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1.0%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
2.2 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 373.9M per ASX (delayed) (28 July 2026).
293.9M323.3M352.6MDec 24Sept 25July 26Cash raise · 5 June 2025

Cash runway

2.2 qtrs
Two to four quarters of funding at the recent spend rate.
$780k 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
4 June 20262A · quoted issueNSM : ORDINARY FULLY PAID373.9MAppendix 2A
30 Jan 20262A · quoted issueNSM : ORDINARY FULLY PAID373.6MAppendix 2A
8 Jan 20262A · quoted issueNSM : ORDINARY FULLY PAID373.3MAppendix 2A
1 Dec 20252A · quoted issueNSM : ORDINARY FULLY PAID372.1MAppendix 2A
1 Dec 20253G · unquotedNSM : ORDINARY FULLY PAID355.5MAppendix 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

2 cash raises in the last 24 months · 0 in the last 12 months

$2.4M
Capital raise
5 June 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

1.0%
Total overhang · of current shares
0.0%
In the money · at current price
3.8M
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
1 Aug 2025Jeremy Kitson EllisBuy160k——3Y notice
7 Apr 2025Campbell Peter OlsenOther1.0M——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

16 July 2026$PINVESTOR UPDATE
2 July 2026$PNSM Further Defines Gold Footprint Along Corridor Nth of SGM
29 June 2026$PGeochemistry Identifies Concealed Targets at Caledonia
18 June 2026$PAIG Victoria Round-Up Presentation
4 June 2026$PFollow Up DIAMOND DRILLING Commences at DARLINGTON
4 June 2026Application for quotation of securities - NSM
29 May 2026$PAircore Drilling CONFIRMS MINERALISATION at DARLINGTON
30 Apr 2026$PMarch 2026 Quarterly Cash Flow Report
30 Apr 2026$PMarch 2026 Quarterly Activities Report
25 Mar 2026$PGold Coast Gold Conference Presentation
11 Mar 2026Half Yearly Report and Accounts
9 Mar 2026$PAir Core Commences at Caledonia and Darlington Projects
17 Feb 2026Project Update - RIU Explorers Conference
16 Feb 2026Correction to Quarterly Cash Flow Report
16 Feb 2026$PCOMPANY STRATEGY AND OUTLOOK
12 Feb 2026$PSurface Geochemistry Confirms Mineralised Trend at Caledonia
6 Feb 2026$PMineralisation Extended at Darlington West
1 Feb 2026Final Director's Interest Notice - J Ellis
1 Feb 2026Initial Director's Interest Notice - W Reid
1 Feb 2026$PBoard and Management Changes

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