Companies / TAR

TARUGA MINERALS LIMITED

ASX:TARMaterials
947.9M shares on issueASX (delayed) · as of 28 July 2026$0.019price · delayed$19.0Mmarket cap · indicative
F
Dilution grade

Runway 2–4 quarters; share count grew 33% in 24 months; options/rights overhang 47% of shares

Cash runway2.8 quarters of funding
Share-count growth (24m)32.6%
Raise cadence (24m)2 cash raises
Options & rights overhang46.7% of shares
In-the-money supply32.7% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

TARUGA MINERALS LIMITED's ordinary share count grew 32.6% between May 2025 and July 2026, to 946M shares. The company raised capital twice in that 24-month window for total proceeds of A$3.0M, most recently a A$1.5M placement in December 2025. Options and rights on issue could convert into 443M new shares, equal to 46.7% of the current share count, with 33% of current shares' equivalent in the money and the nearest expiry in November 2027. At the June 2026 quarter the company reported A$1.7M in available cash, equal to about 2.8 quarters of funding at its recent spending rate. Two proposed securities issues (Appendix 3B) are pending, with the nearest proposed issue date in December 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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46.7%
Max option dilution
32.7%
ITM option dilution
2
Raises · last 12 months
2.8 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 947.9M per ASX (delayed) (28 July 2026).
756.8M826.9M897.1MDec 24Sept 25July 26Cash raise · 10 Dec 2025Cash raise · 10 Dec 2025

Cash runway

2.8 qtrs
Two to four quarters of funding at the recent spend rate.
$1.7M 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 July 20262A · quoted issueTAR : ORDINARY FULLY PAID930.4MAppendix 2A
20 July 20262A · quoted issueTAR : ORDINARY FULLY PAID946.1MAppendix 2A
22 June 20262A · quoted issueTAR : ORDINARY FULLY PAID928.6MAppendix 2A
13 Mar 20262A · quoted issueTAR : ORDINARY FULLY PAID895.7MAppendix 2A
5 Mar 20262A · quoted issueTAR : ORDINARY FULLY PAID811.3MAppendix 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

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

$1.5M
Placement
10 Dec 2025 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

2 proposed issues 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

46.7%
Total overhang · of current shares
32.7%
In the money · at current price
442.8M
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
22 June 2026Paul CroninOther11.3M—$170k3Y notice
22 June 2026Eric de MoriOther19.0M—$286k3Y notice
4 Mar 2026Eric de MoriBuy39.5M30.0M$396k3Y 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

27 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
20 July 2026Cleansing Notice
20 July 2026Application for quotation of securities - TAR
20 July 2026Application for quotation of securities - TAR
19 July 2026$PDrilling Contractor Secured Weioko Diamond Drill Program
5 July 2026$PAssays Validate High-Grade Gold-Copper Trend Gwamogwamo
1 July 2026$PGold Assays Confirm Epithermal System Across Northern Weioko
28 June 2026$PField Exploration Programs Advance Agadul Priority Targets
22 June 2026Becoming a substantial holder - Cronin
22 June 2026Change in substantial holding - de Mori
22 June 2026Change of Director's Interest Notice x2
22 June 2026Cleansing Notice
22 June 2026Application for quotation of securities - TAR
21 June 2026$PWeioko Exploration Licences Granted - Clearing Path to Drill
18 June 2026$PTrading Halt
17 June 2026$PTaruga Advances Kol Mountain with High Priority Targets
31 May 2026Details of Company Address
24 May 2026Taruga Secures Landowner MOU at Kol Mountain Project PNG
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
16 Mar 2026Half Year Accounts

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