Companies / CPN

CASPIN RESOURCES LIMITED

ASX:CPNMaterials
294.8M shares on issueASX (delayed) · as of 28 July 2026$0.11price · delayed$38.3Mmarket cap · indicative
F
Dilution grade

Share count grew 150% in 24 months; runway 2–4 quarters; 5 cash raises in 24 months

Cash runway3.5 quarters of funding
Share-count growth (24m)150.1%
Raise cadence (24m)5 cash raises
Options & rights overhang15.7% of shares
In-the-money supply7.5% of shares
Pending proposed issuesnone

CASPIN RESOURCES LIMITED's ordinary share count grew 150.1% between September 2024 and March 2026, to 295M shares. The company raised capital five times in that period for total disclosed proceeds of A$14.7M, most recently raising A$6.0M in March 2026. Options and rights on issue could convert into 46M new shares, equal to 15.7% of the current share count, of which 8% are in the money at the current share price; the nearest expiry is December 2026. At the March 2026 quarter the company reported A$6.5M in available cash, equal to about 3.5 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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15.7%
Max option dilution
7.5%
ITM option dilution
2
Raises · last 12 months
3.5 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 294.8M per ASX (delayed) (28 July 2026).
170.2M216.0M261.7MDec 24Sept 25July 26Cash raise · 10 Mar 2026Cash raise · 24 Sept 2025Cash raise · 30 Apr 2025Cash raise · 3 Dec 2024

Cash runway

3.5 qtrs
Two to four quarters of funding at the recent spend rate.
$6.5M 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
23 July 20263H · cancellationCPN : ORDINARY FULLY PAID294.8MAppendix 3H
8 June 20263G · unquotedCPN : ORDINARY FULLY PAID294.8MAppendix 3G
18 Mar 20262A · quoted issueCPN : ORDINARY FULLY PAID294.6MAppendix 2A
18 Mar 20262A · quoted issueCPN : ORDINARY FULLY PAID250.4MAppendix 2A
24 Feb 20262A · quoted issueCPN : ORDINARY FULLY PAID250.2MAppendix 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

$6.0M
Capital raise
10 Mar 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

15.7%
Total overhang · of current shares
7.5%
In the money · at current price
46.2M
Potential new shares
Dec 2026
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
8 Jan 2026Dr Jon HronskyOther750k750k—3Y notice
8 Jan 2026Greg MilesOther4.8M3.5M—3Y notice
1 Dec 2025Greg MilesBuy667k—$50k3Y 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

23 July 2026Notification of cessation of securities - CPN
21 July 2026Investor Presentation - Noosa Mining Conference
13 July 2026Investor Presentation - July 2026
7 July 2026$PHigh-Grade Tin Intersection at Kelpie
6 July 2026Change in substantial holding
16 June 2026Company Presentation - Investor Webinar
15 June 2026Caspin Resources Investor Webinar
8 June 2026$PHigh-Priority Drill Target Defined At The Moss Prospect
8 June 2026Notification regarding unquoted securities - CPN
2 June 2026$PNew High-Grade Lode Position Discovered
13 May 2026Results of Meeting
5 May 2026$PDrilling Returns Large High-Grade Tin Extension at Kelpie
5 May 2026RIU Sydney Resources Round-up Presentation
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
21 Apr 2026$PMount Squires Divestment
21 Apr 2026$PHigh-Grade Results Confirm Kelpie Growth Potential - Amended
20 Apr 2026$PHigh-Grade Tin Results Confirm Growth Potential at Kelpie
10 Apr 2026Notice of General Meeting/Proxy Form
30 Mar 2026Weethalle Project Update
29 Mar 2026$PNew Targets Emerging at Bygoo Tin Project

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