Companies / DAL

DALAROO METALS LTD

ASX:DALMaterials
353.5M shares on issueASX (delayed) · as of 28 July 2026$0.070price · delayed$23.3Mmarket cap · indicative
F
Dilution grade

Share count grew 272% in 24 months; runway 2–4 quarters; 6 cash raises in 24 months

Cash runway3.1 quarters of funding
Share-count growth (24m)271.5%
Raise cadence (24m)6 cash raises
Options & rights overhang185.1% of shares
In-the-money supply111.5% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

DALAROO METALS LTD's ordinary share count grew 271.5% between July 2024 and July 2026 to 354M shares. The company raised capital six times in that period for total disclosed proceeds of A$8.2M, most recently a A$1.8M placement in April 2026. Options and rights on issue could convert into 655M new shares, equal to 185.1% of the current share count, with 112% of current shares in the money; the nearest expiry is December 2028. At the March 2026 quarter the company reported A$1.8M in available cash, about 3.1 quarters of funding at its recent spending rate. There are five proposed securities issues (Appendix 3B) pending, nearest proposed date November 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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185.1%
Max option dilution
111.5%
ITM option dilution
5
Raises · last 12 months
3.1 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 353.5M per ASX (delayed) (28 July 2026).
270.5M301.0M331.5MDec 24Sept 25July 26Cash raise · 30 Apr 2026Cash raise · 30 Apr 2026Cash raise · 10 Oct 2025Cash raise · 10 Oct 2025Cash raise · 11 Aug 2025Cash raise · 11 July 2025

Cash runway

3.1 qtrs
Two to four quarters of funding at the recent spend rate.
$1.8M 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 20262A · quoted issueDAL : ORDINARY FULLY PAID353.5MAppendix 2A
23 July 20263G · unquotedDAL : ORDINARY FULLY PAID349.3MAppendix 3G
27 May 20263G · unquotedDAL : ORDINARY FULLY PAID330.2MAppendix 3G
27 May 20262A · quoted issueDAL : ORDINARY FULLY PAID349.3MAppendix 2A
19 Mar 20262A · quoted issueDAL : ORDINARY FULLY PAID330.2MAppendix 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

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

$1.8M
Placement
30 Apr 2026 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

5 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

185.1%
Total overhang · of current shares
111.5%
In the money · at current price
654.5M
Potential new shares
Dec 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
23 July 2026Bilal AhmadBuy2.7M1.3M—3Y notice
23 July 2026Faheem AhmedBuy1.3M667k—3Y notice
23 July 2026Timothy WitherBuy267k133k—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

27 July 2026Blue Lagoon GPR results indicate 50m of Sediments - Amended
26 July 2026$PPreparation of 10,000m RC drilling nears completion
23 July 2026Change of Director's Interest Notice x 3
23 July 2026Cleansing Notice
23 July 2026Notification regarding unquoted securities - DAL
23 July 2026Application for quotation of securities - DAL
23 July 2026$PCompletion of Tranche 2 Placement - Board Invests A$320,000
22 July 2026$PBlue Lagoon GPR results indicate 50m of Sediments
13 July 2026Results of Meeting
12 July 2026$PBlue Lagoon Defines REE System and Multiple New Targets
5 July 2026$PBlue Lagoon Mapping Defines Fertile Rare Earth Source Rocks
22 June 2026$PMobilisation Commences for 2026 Blue Lagoon REE Exploration
19 June 2026Change of Director's Interest Notice
19 June 2026Change of Director's Interest Notice
14 June 2026$P7km corridor at gold ridge with peak soil of 23.26g/t au
12 June 2026General Meeting - Letter to Shareholders
12 June 2026Notice of General Meeting/Proxy Form
1 June 2026$PPeak 2,188ppb Au Defines 4.3km Gold-in-Soil Anomaly
27 May 2026Cleansing Notice
27 May 2026Notification regarding unquoted securities - DAL

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