Companies / CPO

CULPEO MINERALS LIMITED

ASX:CPOMaterials
795.1M shares on issueASX (delayed) · as of 28 July 2026$0.014price · delayed$11.1Mmarket cap · indicative
D
Dilution grade

Share count grew 381% in 24 months; 4 cash raises in 24 months; options/rights overhang 65% of shares

Cash runway4.6 quarters of funding
Share-count growth (24m)380.8%
Raise cadence (24m)4 cash raises
Options & rights overhang64.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

CULPEO MINERALS LIMITED's ordinary share count grew 380.8% between March 2024 and July 2026, to 795M shares. The company raised capital four times in that period for total disclosed proceeds of A$9.6M, most recently an Entitlement Offer that raised A$595K in July 2026. Options and rights on issue could convert into 516M new shares, equal to 64.9% of the current share count, of which 0% are in the money at the current share price; the nearest expiry is July 2028. At the March 2026 quarter the company reported A$2.1M in available cash, about 4.6 quarters of funding at its recent spending rate. Three proposed securities issues (Appendix 3B) are pending, with the nearest proposed date in August 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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64.9%
Max option dilution
0.0%
ITM option dilution
3
Raises · last 12 months
4.6 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 795.1M per ASX (delayed) (28 July 2026).
338.5M506.1M673.7MDec 24Sept 25July 26Cash raise · 8 July 2026Cash raise · 24 Nov 2025Cash raise · 24 Nov 2025Cash raise · 6 May 2025

Cash runway

4.6 qtrs
More than four quarters of funding at the recent spend rate.
$2.1M 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
10 July 20262A · quoted issueCPO : ORDINARY FULLY PAID795.1MAppendix 2A
1 June 20263H · cancellationCPO : ORDINARY FULLY PAID793.4MAppendix 3H
30 Mar 20263H · cancellationCPO : ORDINARY FULLY PAID793.4MAppendix 3H
9 Mar 20263G · unquotedCPO : ORDINARY FULLY PAID793.4MAppendix 3G
3 Feb 20262A · quoted issueCPO : ORDINARY FULLY PAID793.4MAppendix 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

$595k
Entitlement Offer
8 July 2026 ACTIVE
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

3 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
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

64.9%
Total overhang · of current shares
0.0%
In the money · at current price
516.4M
Potential new shares
July 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
9 Mar 2026Geoffrey McNamaraOther1.9M500k—3Y notice
9 Mar 2026Zeffron ReevesOther1.3M——3Y notice
9 Mar 2026Paul SchmiedeOther744k1.0M—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

23 July 2026Entitlement Issue of Options Open and Despatch Completed
21 July 2026Investor Presentation
19 July 2026Culpeo Minerals Expands Landholding by 45%
12 July 2026IP Survey Commences at the Fortuna Project
10 July 2026Application for quotation of securities - CPO
9 July 2026Investor Webinar Presentation
8 July 2026Proposed issue of securities - CPO
8 July 2026$PReplacement Prospectus
8 July 2026Update to Entitlement Issue of Options
8 July 2026Cancel - Proposed issue of securities - CPO
7 July 2026$PEntitlement Issue of Options Prospectus
7 July 2026Proposed issue of securities - CPO
7 July 2026$PEntitlement Issue of Options
5 July 2026Drilling Underway at El Quillay South
21 June 2026Drilling Set to Commence at El Quillay South
14 June 2026$PFortuna Rock Chip Sampling Return Significant Copper & Gold
1 June 2026Notification of cessation of securities - CPO
1 June 2026Appointment of Chief Financial Officer
11 May 2026Completion of Unmarketable Parcel Sale
7 May 2026Results of Meeting

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