Companies / VRL

VERITY RESOURCES LIMITED

ASX:VRLMaterials
491.0M shares on issueASX (delayed) · as of 28 July 2026$0.013price · delayed$6.4Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 231% in 24 months; 4 cash raises in 24 months

Cash runway0.1 quarters of funding
Share-count growth (24m)231.1%
Raise cadence (24m)4 cash raises
Options & rights overhang129.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

VERITY RESOURCES LIMITED's ordinary share count grew 231.1% between December 2024 and March 2026, to 491M shares. The company raised capital four times in that period for total disclosed proceeds of A$6.5M, most recently A$2.0M in January 2026. Options and rights on issue could convert into 634M new shares, equal to 129.1% of the current share count, with 0% of current shares in the money and the nearest expiry in November 2027. At the March 2026 quarter the company reported A$73K in available cash, about 0.1 quarters of funding 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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129.1%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
0.1 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 491.0M per ASX (delayed) (28 July 2026).
227.1M323.9M420.8MDec 24Oct 25July 26Cash raise · 29 Jan 2026Cash raise · 1 Sept 2025Cash raise · 1 Apr 2025Cash raise · 12 Mar 2025

Cash runway

0.1 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$73k 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
17 Mar 20262A · quoted issueVRL : ORDINARY FULLY PAID491.0MAppendix 2A
11 Mar 20263G · unquotedVRL : ORDINARY FULLY PAID409.1MAppendix 3G
11 Mar 20262A · quoted issueVRL : ORDINARY FULLY PAID491.0MAppendix 2A
9 Feb 20262A · quoted issueVRL : ORDINARY FULLY PAID409.1MAppendix 2A
9 Feb 20263G · unquotedVRL : ORDINARY FULLY PAID406.5MAppendix 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

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

$2.0M
Capital raise
29 Jan 2026
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

129.1%
Total overhang · of current shares
0.0%
In the money · at current price
633.9M
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
11 Mar 2026Patrick Antonio VolpeBuy34.1M34.1M$852k3Y notice
11 Mar 2026Paul Andrew George DicksonOther4.0M4.0M$100k3Y notice
13 Nov 2025Patrick Antonio VolpeOther8.3M12.8M$200k3Y 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

6 July 2026$PNew Gold Intrusive Target at Monument Project, Laverton
28 June 2026$PBotswana Critical Metals Exploration Re-Commences
3 June 2026$P97% Gold Recovery at Waihi Deposit
24 May 2026$PBotswana Copper-Silver Exploration Update
17 May 2026$PDrilling Commenced Across 5 Gold Targets
11 May 2026$PMaiden Indicated Resource at Monument Gold Project, Laverton
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026Uncovering Hidden Gems Webinar
8 Apr 2026Change in substantial holding
7 Apr 2026Sampling Over New Gold Geophysical Targets - Amended
31 Mar 2026$PSampling Over New Gold Geophysical Targets Commenced
25 Mar 2026Investor Presentation
22 Mar 2026$PRegional Drilling Confirms Gold Across 7km of Monument Trend
17 Mar 2026$PStep Out Drilling Doubles Mineralised Strike Over MRE Areas
17 Mar 2026Application for quotation of securities - VRL
13 Mar 2026Half Yearly Report and Accounts
13 Mar 2026Change of Director's Interest Notice - PV
13 Mar 2026Change of Director's Interest Notice - PD
11 Mar 2026$P5.41g/t Au at Waihi - Resource Upgrade on Track
11 Mar 2026Notification regarding unquoted securities - VRL

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