Companies / SLZ

SULTAN RESOURCES LTD

ASX:SLZMaterials
585.2M shares on issueASX (delayed) · as of 28 July 2026$0.007price · delayed$4.1Mmarket cap · indicative
C
Dilution grade

Share count grew 196% in 24 months; 3 cash raises in 24 months; runway 4–8 quarters

Cash runway7.5 quarters of funding
Share-count growth (24m)196.2%
Raise cadence (24m)3 cash raises
Options & rights overhang27.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

SULTAN RESOURCES LTD's ordinary share count grew 196.2% between March 2024 and December 2025, to 585M shares. The company raised capital three times in that 24-month window for total disclosed proceeds of A$2.6M, most recently raising A$1.1M in October 2025. Options and rights on issue could convert into 162M new shares, equal to 27.8% of the current share count, with 0% in the money and the nearest expiry in March 2027. At the March 2026 quarter the company reported A$1.1M in available cash, equivalent to 7.5 quarters of cover 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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27.8%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
7.5 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 585.2M per ASX (delayed) (28 July 2026).
305.7M408.3M510.9MDec 24Sept 25July 26Cash raise · 8 Oct 2025Cash raise · 30 May 2025

Cash runway

7.5 qtrs
More than four quarters of funding at the recent spend rate.
$1.1M 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
5 Dec 20253G · unquotedSLZ : ORDINARY FULLY PAID536.3MAppendix 3G
5 Dec 20252A · quoted issueSLZ : ORDINARY FULLY PAID585.2MAppendix 2A
21 Oct 20252A · quoted issueSLZ : ORDINARY FULLY PAID536.3MAppendix 2A
26 Sept 20252A · quoted issueSLZ : ORDINARY FULLY PAID462.9MAppendix 2A
24 July 20252A · quoted issueSLZ : ORDINARY FULLY PAID261.1MAppendix 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

3 cash raises in the last 24 months · 1 in the last 12 months

$1.1M
Capital raise
8 Oct 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

27.8%
Total overhang · of current shares
0.0%
In the money · at current price
162.5M
Potential new shares
Mar 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
5 Dec 2025Mr (Lincoln) Xi Victor LiuOther16.9M25.0M—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

15 May 2026Change of Company Secretary
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
8 Apr 2026$PSultan Undertakes Successful Listing on U.S. Exchange
17 Mar 2026$PSLZ Progresses Towards US Stock Exchange Listing
13 Mar 2026Half Year Accounts
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
19 Jan 2026Becoming a substantial holder
5 Dec 2025Cleansing Statement
5 Dec 2025Change of Director's Interest Notice
5 Dec 2025Notification regarding unquoted securities - SLZ
5 Dec 2025Application for quotation of securities - SLZ
26 Nov 2025Cancel - Proposed issue of securities - SLZ
26 Nov 2025Results of Meeting
3 Nov 2025Ceasing to be a substantial holder
31 Oct 2025$PQuarterly Activities/Appendix 5B Cash Flow Report
24 Oct 2025AGM Notice and Access Letter to Shareholders
24 Oct 2025Notice of Annual General Meeting/Proxy Form
21 Oct 2025Cleansing Statement
21 Oct 2025Application for quotation of securities - SLZ
21 Oct 2025Update - Proposed issue of securities - SLZ

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