Companies / COD

CODA MINERALS LTD

ASX:CODMaterials
410.3M shares on issueASX (delayed) · as of 28 July 2026$0.11price · delayed$49.2Mmarket cap · indicative
D
Dilution grade

Share count grew 135% in 24 months; 4 cash raises in 24 months; options/rights overhang 64% of shares

Cash runway5.2 quarters of funding
Share-count growth (24m)134.7%
Raise cadence (24m)4 cash raises
Options & rights overhang63.8% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

CODA MINERALS LTD's ordinary share count grew 134.7% between May 2024 and June 2026, to 410M shares. The company raised capital four times in that period for total proceeds of A$28.1M, most recently A$6.7M in May 2026. Options and rights on issue could convert into 262M new shares, equal to 63.8% of the current share count, with 0% in the money at present and the nearest expiry in November 2028. At the March 2026 quarter the company reported A$12.5M in available cash, representing about 5.2 quarters of cover. No proposed securities issues (Appendix 3B) are currently pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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63.8%
Max option dilution
0.0%
ITM option dilution
3
Raises · last 12 months
5.2 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 410.3M per ASX (delayed) (28 July 2026).
282.8M329.6M376.4MDec 24Sept 25July 26Cash raise · 27 May 2026Cash raise · 22 Oct 2025Cash raise · 3 Sept 2025

Cash runway

5.2 qtrs
More than four quarters of funding at the recent spend rate.
$12.5M 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
5 June 20262A · quoted issueCOD : ORDINARY FULLY PAID410.3MAppendix 2A
25 Mar 20263G · unquotedCOD : ORDINARY FULLY PAID373.6MAppendix 3G
24 Mar 20262A · quoted issueCOD : ORDINARY FULLY PAID374.2MAppendix 2A
6 Mar 20262A · quoted issueCOD : ORDINARY FULLY PAID373.6MAppendix 2A
21 Jan 20262A · quoted issueCOD : ORDINARY FULLY PAID372.0MAppendix 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

4 cash raises in the last 24 months · 3 in the last 12 months

$6.7M
Capital raise
27 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

63.8%
Total overhang · of current shares
0.0%
In the money · at current price
261.9M
Potential new shares
Nov 2028
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
20 Mar 2026Christopher StevensBuy—204k$204k3Y notice
20 Mar 2026Christopher StevensOther349k——3Y notice
19 Mar 2026Christopher StevensBuy—255k$51k3Y 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

22 July 2026$PHydrogeological Drilling Starts at Elizabeth Creek
21 July 2026$PElizabeth Creek Approvals Milestone Achieved
12 July 2026$PKey Engineering Data Delivered for Elizabeth Creek PFS
3 July 2026Letter to Shareholders - Notice of General Meeting
3 July 2026Notice of General Meeting/Proxy Form
5 June 2026Section 708A(5)(e) Notice
5 June 2026Application for quotation of securities - COD
31 May 2026Proposed issue of securities - COD
31 May 2026$P$6.7m Placement to Expedite PFS Workstreams
27 May 2026$PTrading Halt
17 May 2026$PCritical On-Ground Studies Begin at Elizabeth Creek
7 May 2026RIU Sydney Conference Presentation
29 Apr 2026$PMarch 2026 Quarterly Activities and Cashflow Reports
25 Mar 2026Change of Director's Interest Notice - C. Stevens
25 Mar 2026Notification regarding unquoted securities - COD
24 Mar 2026Change of Director's Interest Notice - C. Stevens
24 Mar 2026Application for quotation of securities - COD
10 Mar 2026Elizabeth Creek Project Economics - Additional Information
6 Mar 2026Application for quotation of securities - COD
24 Feb 2026Half Year Financial Report 31 December 2025

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