Companies / WTM

WARATAH MINERALS LIMITED

ASX:WTMMaterials
387.8M shares on issueASX (delayed) · as of 28 July 2026$0.49price · delayed$180.3Mmarket cap · indicative
D
Dilution grade

Share count grew 115% in 24 months; 4 cash raises in 24 months; options/rights overhang 20% of shares

Cash runway9.9 quarters of funding
Share-count growth (24m)115.4%
Raise cadence (24m)4 cash raises
Options & rights overhang20.2% of shares
In-the-money supply15.9% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

WARATAH MINERALS LIMITED's ordinary share count grew 115.4% between July 2024 and June 2026, to 388M shares. The company raised capital four times in that period for total disclosed proceeds of A$86.5M, most recently raising A$48.0M in May 2026. Options and rights on issue could convert into 78M new shares, equal to 20.2% of the current share count, of which 16% are in the money at the current share price; the nearest expiry is January 2027. At the March 2026 quarter the company reported A$62.1M in available cash, about 9.9 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in June 2027.

AI-generated summary of this page's cited filings · updated 28 July 2026
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20.2%
Max option dilution
15.9%
ITM option dilution
2
Raises · last 12 months
9.9 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 387.8M per ASX (delayed) (28 July 2026).
241.1M294.9M348.8MDec 24Sept 25July 26Cash raise · 4 May 2026Cash raise · 8 Aug 2025Cash raise · 9 May 2025Cash raise · 14 Apr 2025

Cash runway

9.9 qtrs
More than four quarters of funding at the recent spend rate.
$62.1M 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
17 June 20263G · unquotedWTM : ORDINARY FULLY PAID387.8MAppendix 3G
15 June 20262A · quoted issueWTM : ORDINARY FULLY PAID387.8MAppendix 2A
14 May 20262A · quoted issueWTM : ORDINARY FULLY PAID387.7MAppendix 2A
22 Apr 20263H · cancellationWTM : ORDINARY FULLY PAID310.3MAppendix 3H
25 Mar 20263G · unquotedWTM : ORDINARY FULLY PAID310.3MAppendix 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

$48.0M
Capital raise
4 May 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

1 proposed issue 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

20.2%
Total overhang · of current shares
15.9%
In the money · at current price
78.5M
Potential new shares
Jan 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
17 June 2026Darryl ClarkOther1.0M——3Y notice
17 June 2026Naomi ScottOther———3Y notice
17 June 2026Darryl ClarkOther———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

21 July 2026Investor Presentation - Noosa Mining Conference
20 July 2026$PDrilling Delivers Shallow High-Grade Gold at Spur
16 July 2026Ceasing to be a substantial holder
12 July 2026$PConsols Gold Zone Grows with Strong Drill Results
12 July 2026Change in substantial holding
6 July 2026$PWaratah Completes Acquisition of Ironclad Mining Lease
30 June 2026$PContinued Growth at the Spur Gold Zone
17 June 2026Change of Director's Interest Notice - D.Clark (correction)
17 June 2026Change of Director's Interest Notice - Andrew Stewart
17 June 2026Change of Director's Interest Notice - Darryl Clark
17 June 2026Change of Director's Interest Notice - Naomi Scott
17 June 2026Change of Director's Interest Notice - Peter Duerden
17 June 2026Notification regarding unquoted securities - WTM
17 June 2026Notice Under Section 708A(5)(e) of the Corporations Act
15 June 2026Application for quotation of securities - WTM
10 June 2026$PExceptional Results Demonstrate Scale Upside at Spur Project
2 June 2026Proposed issue of securities - WTM
2 June 2026Proposed issue of securities - WTM
2 June 2026Proposed issue of securities - WTM
1 June 2026Waratah Consolidates Spur Gold District

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