Companies / WSR

WESTAR RESOURCES LIMITED

ASX:WSRMaterials
808.0M shares on issueASX (delayed) · as of 28 July 2026$0.006price · delayed$4.8Mmarket cap · indicative
C
Dilution grade

Share count grew 97% in 24 months; runway 2–4 quarters; 2 cash raises in 24 months

Cash runway3.7 quarters of funding
Share-count growth (24m)97.3%
Raise cadence (24m)2 cash raises
Options & rights overhang10.0% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

WESTAR RESOURCES LIMITED's ordinary share count grew 97.3% between July 2024 and May 2026, to 787M shares. The company raised capital twice in that period for total proceeds of A$3.0M, most recently A$1.5M in February 2026. Options and rights on issue could convert into 81M new shares, equal to 10.0% of the current share count, with 0% in the money at current prices and the nearest expiry in July 2027. At the March 2026 quarter WESTAR RESOURCES reported A$850K in available cash, representing 3.7 quarters of cover. 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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10.0%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
3.7 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 808.0M per ASX (delayed) (28 July 2026).
484.7M603.4M722.1MDec 24Sept 25July 26Cash raise · 18 Feb 2026Cash raise · 17 Oct 2025

Cash runway

3.7 qtrs
Two to four quarters of funding at the recent spend rate.
$850k 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
8 May 20262A · quoted issueWSR : ORDINARY FULLY PAID786.5MAppendix 2A
8 May 20262A · quoted issueWSR : ORDINARY FULLY PAID540.1MAppendix 2A
8 May 20262A · quoted issueWSR : ORDINARY FULLY PAID554.4MAppendix 2A
8 May 20263G · unquotedWSR : ORDINARY FULLY PAID536.5MAppendix 3G
26 Feb 20262A · quoted issueWSR : ORDINARY FULLY PAID536.5MAppendix 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
Capital raise
18 Feb 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

10.0%
Total overhang · of current shares
0.0%
In the money · at current price
80.6M
Potential new shares
July 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
24 Dec 2025Ben DonovanOther8.0M20.0M—3Y notice
24 Dec 2025Ashley HoodOther6.0M20.0M—3Y notice
24 Dec 2025Eddie KingOther20.0M20.0M$100k3Y 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

20 July 2026Change in substantial holding
22 June 2026Change of Share Registry
15 June 2026$PNT Government Grant awarded to Westar's Bunda Creek Project
27 May 2026Initial Director's Interest Notice
27 May 2026Final Director's Interest Notice
26 May 2026Appointment of NED and Change of Company Secretary
8 May 2026Cleansing Notice
8 May 2026Application for quotation of securities - WSR
8 May 2026Application for quotation of securities - WSR
8 May 2026Notification regarding unquoted securities - WSR
8 May 2026Application for quotation of securities - WSR
17 Apr 2026Results of Meeting
14 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
16 Mar 2026Notice of General Meeting/Proxy Form
26 Feb 2026Cleansing Notice
26 Feb 2026Application for quotation of securities - WSR
22 Feb 2026Proposed issue of securities - WSR
22 Feb 2026Proposed issue of securities - WSR
22 Feb 2026Proposed issue of securities - WSR
22 Feb 2026$PPlacement to raise $1.49M

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