Companies / ASL

ANDEAN SILVER LIMITED

ASX:ASLMaterials
212.7M shares on issueASX (delayed) · as of 28 July 2026$1.97price · delayed$396.7Mmarket cap · indicative
C
Dilution grade

Share count grew 85% in 24 months; 5 cash raises in 24 months; runway 4–8 quarters

Cash runway6.3 quarters of funding
Share-count growth (24m)85.1%
Raise cadence (24m)5 cash raises
Options & rights overhang8.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ANDEAN SILVER LIMITED's ordinary share count grew 85.1% between July 2024 and July 2026, to 213M shares. The company raised capital five times in that period for total disclosed proceeds of A$157.0M, most recently a A$36.0M placement in December 2025. Options and rights on issue could convert into 17M new shares, equal to 8.1% of the current share count, with 0% in the money at the current share price. At the March 2026 quarter the company reported A$44.1M in available cash, equivalent to 6.3 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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8.1%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
6.3 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 212.7M per ASX (delayed) (28 July 2026).
168.5M184.7M201.0MDec 24Sept 25July 26Cash raise · 23 Dec 2025Cash raise · 3 Dec 2025Cash raise · 15 July 2025Cash raise · 15 July 2025

Cash runway

6.3 qtrs
More than four quarters of funding at the recent spend rate.
$44.1M 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
2 July 20262A · quoted issueASL : ORDINARY FULLY PAID212.7MAppendix 2A
10 Apr 20263H · cancellationASL : ORDINARY FULLY PAID212.7MAppendix 3H
6 Mar 20263G · unquotedASL : ORDINARY FULLY PAID212.7MAppendix 3G
12 Feb 20262A · quoted issueASL : ORDINARY FULLY PAID212.7MAppendix 2A
6 Jan 20262A · quoted issueASL : ORDINARY FULLY PAID208.5MAppendix 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

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

$36.0M
Placement
23 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

8.1%
Total overhang · of current shares
0.0%
In the money · at current price
17.3M
Potential new shares
—
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
6 Jan 2026Raymond ShorrocksBuy16k——3Y notice
6 Jan 2026David SouthamBuy16k——3Y notice
19 Dec 2025David SouthamSell———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 2026Noosa Mining Investor Conference Presentation
20 July 2026$PAndean Silver Identifies Bonanza Grade Exploration Prospect
6 July 2026$PAndean drills highest grades ever at Cerro Bayo Project
2 July 2026Application for quotation of securities - ASL
30 June 2026$PManaging Director Appointment
30 June 2026Initial Director's Interest Notice
30 June 2026Change in substantial holding
29 June 2026$PAndean's Indicated Resource Increases by 230% to 60Moz
29 May 2026Ceasing to be a substantial holder
28 May 2026Results of the Annual General Meeting
21 May 2026Becoming a substantial holder
13 May 2026$PAndean Silver extends bonanza-grade veins beyond resources
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
23 Apr 2026Notice of Annual General Meeting/Proxy Form/Notice of Access
10 Apr 2026Notification of cessation of securities - ASL
9 Apr 2026Change in substantial holding
8 Apr 2026RRS Gather Round Conference Presentation
2 Apr 2026AGM Date and Closing Date for Director Nominations
30 Mar 2026$PDrilling results pave way for growth in Resource Confidence
24 Mar 2026Annual Report to shareholders

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