Companies / CVR

CAVALIER RESOURCES LIMITED

ASX:CVRMaterials
85.2M shares on issueASX (delayed) · as of 28 July 2026$0.28price · delayed$24.7Mmarket cap · indicative
C
Dilution grade

Share count grew 96% in 24 months; 5 cash raises in 24 months; 5% of shares in the money

Cash runway9.5 quarters of funding
Share-count growth (24m)96.3%
Raise cadence (24m)5 cash raises
Options & rights overhang7.3% of shares
In-the-money supply5.1% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

CAVALIER RESOURCES LIMITED's ordinary share count grew 96.3% between June 2024 and May 2026, to 85M shares. The company raised capital five times in that period for total disclosed proceeds of A$14.0M, most recently a A$4.0M placement in April 2026. Options and rights on issue could convert into 6M new shares, equal to 7.3% of the current share count, of which 5% are in the money at the current share price; the nearest expiry is September 2027. At the March 2026 quarter the company reported A$3.9M in available cash, covering about 9.5 quarters at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in September 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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7.3%
Max option dilution
5.1%
ITM option dilution
4
Raises · last 12 months
9.5 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 85.2M per ASX (delayed) (28 July 2026).
63.6M71.5M79.4MDec 24Sept 25July 26Cash raise · 20 Apr 2026Cash raise · 20 Apr 2026Cash raise · 2 Sept 2025Cash raise · 2 Sept 2025

Cash runway

9.5 qtrs
More than four quarters of funding at the recent spend rate.
$3.9M 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
17 June 20263H · cancellationCVR : ORDINARY FULLY PAID85.2MAppendix 3H
4 May 20262A · quoted issueCVR : ORDINARY FULLY PAID85.2MAppendix 2A
20 Feb 20262A · quoted issueCVR : ORDINARY FULLY PAID72.0MAppendix 2A
4 Feb 20262A · quoted issueCVR : ORDINARY FULLY PAID71.6MAppendix 2A
27 Nov 20253G · unquotedCVR : ORDINARY FULLY PAID71.3MAppendix 3G
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 · 4 in the last 12 months

$4.0M
Placement
20 Apr 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

1 proposed issue 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

7.3%
Total overhang · of current shares
5.1%
In the money · at current price
6.2M
Potential new shares
Sept 2027
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
7 Nov 2025Daniel TuffinOther1.8M——3Y notice
7 Nov 2025Anthony KeersOther500k——3Y notice
7 Nov 2025Ranko MaticOther1.8M——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

26 July 2026$PCrawford Site Preparation Works Underway
9 July 2026Proposed issue of securities - CVR
9 July 2026$PBinding Project Financing Secured for Crawford Gold Project
7 July 2026$PTrading Halt
30 June 2026Management Team Strengthened for Mine Start Up
17 June 2026Notification of cessation of securities - CVR
1 June 2026$PCrawford Heritage Surveys Completed Ahead of Site Prep
5 May 2026Change in substantial holding
5 May 2026Change in substantial holding
4 May 2026Cleansing Notice
4 May 2026Application for quotation of securities - CVR
30 Apr 2026Update - Proposed issue of securities - CVR
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
22 Apr 2026Proposed issue of securities - CVR
22 Apr 2026$PPre-Production Placement Raises $4 Million
20 Apr 2026$PTrading Halt
14 Apr 2026$PPFS Update Delivers 50% NPV Uplift at Crawford
25 Mar 2026$PSignificantly Improved Crawford Gold Project Funding Package
26 Feb 2026Half Year Accounts
20 Feb 2026Cleansing Notice

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