Companies / DRE

DREADNOUGHT RESOURCES LTD

ASX:DREMaterials
5.73B shares on issueASX (delayed) · as of 28 July 2026$0.015price · delayed$80.2Mmarket cap · indicative
C
Dilution grade

Share count grew 62% in 24 months; runway 2–4 quarters; 7 cash raises in 24 months

Cash runway3.8 quarters of funding
Share-count growth (24m)62.2%
Raise cadence (24m)7 cash raises
Options & rights overhang1.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

DREADNOUGHT RESOURCES LTD's ordinary share count grew 62.2% between July 2024 and March 2026, to 5.73B shares. The company raised capital seven times in the 24‑month window for total disclosed proceeds of A$49.8M, most recently A$18.6M in October 2025. Options and rights on issue could convert into 98M new shares, equal to 1.7% of the current share count, with 0% in the money and the nearest expiry in November 2028. At the June 2026 quarter the company reported A$14.5M in available cash, covering 3.8 quarters 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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1.7%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
3.8 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 5.73B per ASX (delayed) (28 July 2026).
4.17B4.74B5.31BDec 24Sept 25July 26Cash raise · 7 Oct 2025Cash raise · 14 May 2025Cash raise · 4 Apr 2025Cash raise · 27 Mar 2025Cash raise · 25 Mar 2025Cash raise · 4 Feb 2025Cash raise · 31 Jan 2025

Cash runway

3.8 qtrs
Two to four quarters of funding at the recent spend rate.
$14.5M available cash at quarter ended 30 June 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 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
15 June 20263H · cancellationDRE : ORDINARY FULLY PAID5.73BAppendix 3H
31 Mar 20262A · quoted issueDRE : ORDINARY FULLY PAID5.73BAppendix 2A
31 Mar 20262A · quoted issueDRE : ORDINARY FULLY PAID5.64BAppendix 2A
4 Mar 20263H · cancellationDRE : ORDINARY FULLY PAID5.64BAppendix 3H
16 Feb 20263G · unquotedDRE : ORDINARY FULLY PAID5.64BAppendix 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

7 cash raises in the last 24 months · 1 in the last 12 months

$18.6M
Capital raise
7 Oct 2025
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

1.7%
Total overhang · of current shares
0.0%
In the money · at current price
97.6M
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
31 Dec 2025Dean TuckSell———3Y notice
16 Dec 2025Philip CrutchfieldSell—853k—3Y notice
12 Dec 2025Dean TuckBuy10.6M—$10k3Y 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$PQuarterly Cashflow Report - June 26
26 July 2026$PQuarterly Activities Report - June 26
19 July 2026$P12 Mineralised Corridors Identified and Growing
12 July 2026$PRC and Diamond Drilling Commenced at Metzkes Find
22 June 2026$P94% Increase in High-Grade Indicated Resource, Metzkes Find
21 June 2026$P7km Strike Anomaly Identified and Growing, Illaara Gold
15 June 2026Notification of cessation of securities - DRE
14 June 2026$PThree 2km Strike and Growing Anomalies at Illaara Gold
2 June 2026$PMetzkes North Discovery - Illaara Gold Project
24 May 2026$PMetzkes Find Mining Lease Granted - Illaara Gold Project
13 May 2026Divestment of Mid-West Option
5 May 2026$PTarget Definition Work Underway at Mangaroon Gold
4 May 2026$PHigh-Grade Extensions incl. 7m @ 49.9 g/t Au, Illaara Gold
3 May 2026$PExceptional Gold Recoveries from Metzkes Find, Illaara Au
29 Apr 2026Webinar Invitation to Shareholders
29 Apr 2026Cleansing Statement
27 Apr 2026$PRC Drilling Completed at Metzkes Find, Illaara Gold
26 Apr 2026$PQuarterly Cashflow Report - March 2026
26 Apr 2026$PQuarterly Activities Report - March 26
22 Apr 2026$PStar of Mangaroon Key Approval Paves the Way for Development

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