Companies / NWM

NORWEST MINERALS LIMITED

ASX:NWMMaterials
1.08B shares on issueASX (delayed) · as of 28 July 2026$0.007price · delayed$7.6Mmarket cap · indicative
D
Dilution grade

Share count grew 123% in 24 months; 4 cash raises in 24 months; options/rights overhang 103% of shares

Cash runway5.9 quarters of funding
Share-count growth (24m)122.9%
Raise cadence (24m)4 cash raises
Options & rights overhang102.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

NORWEST MINERALS LIMITED's ordinary share count grew 122.9% between July 2024 and January 2026, to 1.08B shares. The company raised capital four times in that period for total disclosed proceeds of A$12.6M, most recently an Entitlement Offer in July 2026 for A$1.9M. Options and rights on issue could convert into 1.11B new shares, equal to 102.8% of the current share count, of which 0% are in the money at the current share price; the nearest expiry is August 2026. At the June 2026 quarter the company reported A$2.2M in available cash, about 5.9 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending with an expected issue date in August 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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102.8%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
5.9 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 1.08B per ASX (delayed) (28 July 2026).
610.4M783.3M956.3MDec 24Sept 25July 26Cash raise · 10 July 2026Cash raise · 6 Aug 2025Cash raise · 30 Apr 2025Cash raise · 27 Apr 2025

Cash runway

5.9 qtrs
More than four quarters of funding at the recent spend rate.
$2.2M 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
20 Jan 20262A · quoted issueNWM : ORDINARY FULLY PAID1.08BAppendix 2A
26 Nov 20253H · cancellationNWM : ORDINARY FULLY PAID1.03BAppendix 3H
6 Aug 20252A · quoted issueNWM : ORDINARY FULLY PAID1.03BAppendix 2A
6 Aug 20253G · unquotedNWM : ORDINARY FULLY PAID968.4MAppendix 3G
6 Aug 20252A · quoted issueNWM : ORDINARY FULLY PAID968.4MAppendix 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

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

$1.9M
Entitlement Offer
10 July 2026 ACTIVE
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

102.8%
Total overhang · of current shares
0.0%
In the money · at current price
1.11B
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
5 Aug 2025K H LeongOther———3Y notice
5 Aug 2025C SchausOther—10.0M—3Y notice
5 Aug 2025Yew Fei CheeOther———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

22 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
21 July 2026Confirmation of dispatch
9 July 2026Cleansing notice
9 July 2026Proposed issue of securities - NWM
9 July 2026Cleansing notice
9 July 2026$POffer Letter
9 July 2026$PNorwest to conduct Entitlement Offer
30 June 2026$PBulgera Heap Leach Gold Project update
25 May 2026Bulgera Heap Leach testwork update
8 May 2026Revised: High Gold Recoveries Support Advancement of Bulgera
7 May 2026$PHigh Gold Recoveries Support Advancement of Bulgera
24 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
25 Mar 2026$PBulgera Gold Project resource update
13 Mar 2026Half Yearly Report and Accounts
24 Feb 2026$PMarymia East drilling results
16 Feb 2026$PBulgera Phase 2 drilling results
20 Jan 2026Cleansing notice
20 Jan 2026Application for quotation of securities - NWM
19 Jan 2026$PNWM secures ATM subscription facility
8 Jan 2026$PASX Appendix 5B revised

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