Companies / YRL

YANDAL RESOURCES LIMITED

ASX:YRLMaterials
382.6M shares on issueASX (delayed) · snapshot 11 Sept 2026400.8M fully diluted+4.7% if every option and right converts$0.19price · delayed$72.7Mmarket cap · indicative

Today’s holders own 95.5% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 43% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.0 quarters of funding
Share-count growth (24m)42.9%
Raise cadence (24m)1 cash raise
Options & rights overhang4.7% of shares
In-the-money supply2.3% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

YANDAL RESOURCES LIMITED's ordinary share count grew 42.9% between March 2024 and June 2026, reaching 383M shares. In the past 24 months, the company undertook one capital raise, a A$13.5M placement in September 2025. Options on issue could convert into 18M shares, representing 4.7% of the current share count, with 2% in the money and the nearest expiry in November 2026. As of the June 2026 quarter, YANDAL RESOURCES LIMITED held A$5.3M in cash, sufficient for approximately 1.0 quarters of operations. Two proposed securities issues (Appendix 3B) are pending, with the nearest expected in November 2026.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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4.7%
Options & rights overhang
2.3%
In-the-money supply
1
Raises · last 12 months
1.0 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 382.6M per ASX (delayed) (snapshot 11 Sept 2026).
300M325M350M375MDec 24Oct 25Sept 26Cash raise · 26 Sept 2025382.6M

Cash runway

1.0 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Sept 2026 — that date has passed, and no later report is on record.
$5.3M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $9.7M cash at quarter end (item 4.6), 2.1 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — 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)

DateFormSecurityOn issue, per this filingSource
9 July 20263G · unquotedYRL : ORDINARY FULLY PAID382.6MAppendix 3G
9 June 20262A · quoted issueYRL : ORDINARY FULLY PAID382.6MAppendix 2A
6 Apr 20263H · cancellationYRL : ORDINARY FULLY PAID381.5MAppendix 3H
3 Mar 20262A · quoted issueYRL : ORDINARY FULLY PAID381.5MAppendix 2A
26 Nov 20253G · unquotedYRL : ORDINARY FULLY PAID379.5MAppendix 3G
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24 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$13.5M
Placement
26 Sept 2025 COMPLETE
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5 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

4.0M of option supply could convert within 12 months — 1.1% of shares on issue
4.0M in the money, expiring in the window
2 proposed issues (Appendix 3B) also pending — not counted above; the securities each would add are in the calendar below.
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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11 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No estimate — the filings already exceed 15% of the share count we can measure, which means securities were added to the base during the year that we cannot see.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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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
2 pending issues on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

4.7%
Options & rights overhang · of current shares
2.3%
In-the-money supply · at current price
18.1M
Potential new shares
Nov 2026
Nearest expiry
What a price move would switch on
9.1M18.1M$0.19 now0.25× today ($0.05) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.10) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.14) — 7.3M of the priced supply in the money, 1.9% of shares on issue1× today ($0.19) — 8.7M of the priced supply in the money, 2.3% of shares on issue1.25× today ($0.24) — 9.1M of the priced supply in the money, 2.4% of shares on issue1.5× today ($0.29) — 12.1M of the priced supply in the money, 3.1% of shares on issue2× today ($0.38) — 18.1M of the priced supply in the money, 4.7% of shares on issue3× today ($0.57) — 18.1M of the priced supply in the money, 4.7% of shares on issue5× today ($0.95) — 18.1M of the priced supply in the money, 4.7% of shares on issue10× today ($1.90) — 18.1M of the priced supply in the money, 4.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.19 today, 8.7M securities are in the money (2.3% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 9.1M (2.4% of shares).

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
CodeSecurityTypeExercise priceExpiryOn issueSource
YRLAXOptionsPrice-triggered$0.1330 Nov 20262.7MFiling
YRLAUOptionsPrice-triggered$0.1827 Feb 20271.0MFiling
YRLAGOptionsPrice-triggered$0.161 Mar 2027350kFiling
YRLAHOptionsPrice-triggered$0.211 Mar 2027350kFiling
YRLAWOptionsPrice-triggered$0.271 Mar 20272.0MFiling
YRLAZOptionsPrice-triggered$0.3528 Nov 20273.4MFiling
YRLAYOptionsPrice-triggered$0.282 Sept 20281.0MFiling
YRLAAAOptionsPrice-triggered$0.1430 Nov 20284.7MFiling
—OptionsPrice-triggered$0.3030 Nov 20292.8MFiling

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

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9 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
4 Apr 2026MR GREGORY RICHARD EVANSSell929k550k——3Y notice
18 Feb 2026MR CHRISTOPHER NEWMANBuy on-market143k——$32k3Y notice
26 Nov 2025KATINA LAWOther2.4M500k——3Y notice
26 Nov 2025MR GREGORY RICHARD EVANSOther929k1.5M——3Y notice
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12 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

8 Sept 2026AGM Director Nomination
7 Sept 2026$PDrilling Results Extend High-Grade Gold Domain at Arrakis
31 Aug 2026Final Director's Interest Notice - Oorschot
31 Aug 2026Final Director's Interest Notice - Newman
31 Aug 2026Final Director's Interest Notice - Law
31 Aug 2026Initial Director's Interest Notice - Jackson
31 Aug 2026Initial Director's Interest Notice - Eshuys
31 Aug 2026$PBoard and Management Changes
24 Aug 2026$PArrakis Results Confirm New High-grade Domain
17 Aug 2026Change in substantial holding
9 Aug 2026$PArrakis Returns 20m @ 8.7g/t Au from 84m
29 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
27 July 2026$PFlushing Meadows Diamond Drilling Results
12 July 2026$PRC Drilling Intercepts Shallow Gold at Siona
9 July 2026Proposed issue of securities - YRL
9 July 2026Notification regarding unquoted securities - YRL
5 July 2026$PArrakis Diamond Drilling Confirms High-Grade Gold at Depth
24 June 2026$PFirst Diamond Core Results from Flushing Meadows
14 June 2026$PFlushing Meadows RC Pre-Collar Delivers 20m @ 1.7g/t Au
12 June 2026Gold Coast Investment Showcase Presentation

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.