Companies / DSM

DESERT MINERALS LTD

ASX:DSMMaterials
29.4M shares on issueASX (delayed) · as of 28 July 2026$0.71price · delayed$20.9Mmarket cap · indicative
B
Dilution gradeprovisional — limited history

2 cash raises in 24 months; options/rights overhang 29% of shares

Cash runway24.4 quarters of funding
Share-count growth (24m)2.0%
Raise cadence (24m)2 cash raises
Options & rights overhang28.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

DESERT MINERALS LTD listed in October 2025 and has a short disclosure history. Its ordinary share count rose 2.0% between June 2026 and July 2026 to 28M shares. The company raised capital twice in the last 24 months for total proceeds of A$6.0M, most recently a A$1.0M placement in May 2026. Options and rights could convert into 8M new shares, equal to 28.9% of the current share count, with 0% in the money and the nearest expiry in October 2028. At the June 2026 quarter the company reported A$4.0M in cash, equal to 24.4 quarters of cover. 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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28.9%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
24.4 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 29.4M per ASX (delayed) (28 July 2026).
26.7M27.7M28.7MOct 25Mar 26July 26Cash raise · 28 May 2026Cash raise · 21 Oct 2025

Cash runway

24.4 qtrs
More than four quarters of funding at the recent spend rate.
$4.0M 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 3 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
9 July 20262A · quoted issueDSM : ORDINARY FULLY PAID28.4MAppendix 2A
18 June 20262A · quoted issueDSM : ORDINARY FULLY PAID28.0MAppendix 2A
10 June 20262A · quoted issueDSM : ORDINARY FULLY PAID27.9MAppendix 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

2 cash raises in the last 24 months · 2 in the last 12 months

$1.0M
Placement
28 May 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

28.9%
Total overhang · of current shares
0.0%
In the money · at current price
8.5M
Potential new shares
Oct 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
6 Nov 2025Peretz SchapiroBuy25k—$5k3Y notice
4 Nov 2025Peretz SchapiroBuy25k—$5k3Y notice
27 Oct 2025Peretz SchapiroBuy75k600k$17k3Y 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

22 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
19 July 2026$PDrilling to Commence at Providence Prospect at Mt Monger
17 July 2026Notice of General Meeting/Proxy Form
9 July 2026Application for quotation of securities - DSM
18 June 2026Application for quotation of securities - DSM
10 June 2026Cleansing Notice
10 June 2026Application for quotation of securities - DSM
9 June 2026Drilling Completed at Scotty Lithium Project, Nevada, USA
1 June 2026Proposed issue of securities - DSM
1 June 2026Proposed issue of securities - DSM
1 June 2026$PDSM Raises $1 Million at Premium to Market
28 May 2026$PTrading Halt
6 May 2026$PStrong Gold Anomalism in Ultrafine Soil Results
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
22 Mar 2026$PDrilling Commences at the Scotty Lithium Project, Nevada
16 Mar 2026Drilling Preparations Underway for Scotty Lithium Project
16 Mar 2026Half Year Accounts
18 Feb 2026Drill Permitting Update for the Scotty Lithium Project
10 Feb 2026Ultrafine Soils Sampling Program Commences at Mt Monger
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report

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