Companies / ORD

ORDELL MINERALS LIMITED

ASX:ORDMaterials
75.6M shares on issueASX (delayed) · as of 28 July 2026$0.51price · delayed$39.3Mmarket cap · indicative
D
Dilution grade

Share count grew 110% in 24 months; 5 cash raises in 24 months; options/rights overhang 40% of shares

Cash runway6.4 quarters of funding
Share-count growth (24m)110.2%
Raise cadence (24m)5 cash raises
Options & rights overhang40.3% of shares
In-the-money supply23.9% of shares
Pending proposed issuesnone

ORDELL MINERALS LIMITED's ordinary share count grew 110.2% between February 2025 and July 2026, to 76M shares. The company raised capital five times in that period for total disclosed proceeds of A$21.8M, most recently a A$7.0M placement in May 2026. Options and rights on issue could convert into 30M new shares, equal to 40.3% of the current share count, of which 24% are in the money at the current share price; the nearest expiry is November 2027. At the March 2026 quarter the company reported A$8.6M in cash, covering about 6.4 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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40.3%
Max option dilution
23.9%
ITM option dilution
2
Raises · last 12 months
6.4 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 75.6M per ASX (delayed) (28 July 2026).
55.4M62.8M70.2MDec 24Sept 25July 26Cash raise · 12 May 2026Cash raise · 12 May 2026Cash raise · 16 July 2025Cash raise · 16 July 2025Cash raise · 14 July 2025

Cash runway

6.4 qtrs
More than four quarters of funding at the recent spend rate.
$8.6M 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
24 July 20262A · quoted issueORD : ORDINARY FULLY PAID75.6MAppendix 2A
7 July 20262A · quoted issueORD : ORDINARY FULLY PAID69.6MAppendix 2A
26 May 20262A · quoted issueORD : ORDINARY FULLY PAID69.5MAppendix 2A
24 May 20262A · quoted issueORD : ORDINARY FULLY PAID69.4MAppendix 2A
8 Apr 20262A · quoted issueORD : ORDINARY FULLY PAID58.3MAppendix 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

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

$7.0M
Placement
12 May 2026 COMPLETE
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

40.3%
Total overhang · of current shares
23.9%
In the money · at current price
30.5M
Potential new shares
Nov 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
8 Dec 2025Michael FowlerOther500k8.0M—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

24 July 2026Application for quotation of securities - ORD
9 July 2026Release of Securities from Escrow
7 July 2026Application for quotation of securities - ORD
1 July 2026$PExtensive Gold Anomalism at Goodia and Fisher South Projects
26 May 2026Cleansing Notice Under Section 708A
26 May 2026Application for quotation of securities - ORD
25 May 2026Change in substantial holding from GMD
24 May 2026Change in substantial holding
24 May 2026Cleansing Notice Under Section 708A
24 May 2026Application for quotation of securities - ORD
19 May 2026Proposed issue of securities - ORD
19 May 2026$POrdell Expands Prospective Footprint at Barimaia
13 May 2026Proposed issue of securities - ORD
13 May 2026$POrdell Raises $7M With New Drilling Program Underway
12 May 2026$PTrading Halt
4 May 2026Investor Presentation - RIU Sydney Resources Round-up
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026$PNew High-Grade Gold Mineralisation Intersected at Barimaia
8 Apr 2026Application for quotation of securities - ORD
1 Apr 2026Application for quotation of securities - ORD

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