Companies / GDM

GREAT DIVIDE MINING LTD

ASX:GDMMaterials
68.0M shares on issueASX (delayed) · as of 28 July 2026$0.33price · delayed$22.8Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 142% in 24 months; 8 cash raises in 24 months

Cash runway0.7 quarters of funding
Share-count growth (24m)141.8%
Raise cadence (24m)8 cash raises
Options & rights overhang63.1% of shares
In-the-money supply10.3% of shares
Pending proposed issuesnone

GREAT DIVIDE MINING LTD's ordinary share count grew 141.8% between October 2024 and March 2026, to 68M shares. The company raised capital eight times in that period for total disclosed proceeds of A$9.7M, most recently a A$2.5M placement in February 2026. Options and rights on issue could convert into 43M new shares, equal to 63.1% of the current share count, of which 10% are in the money at the current share price; the nearest expiry is August 2026. At the March 2026 quarter the company reported A$597K in available cash, about 0.7 quarters of funding 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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63.1%
Max option dilution
10.3%
ITM option dilution
4
Raises · last 12 months
0.7 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 68.0M per ASX (delayed) (28 July 2026).
46.0M54.1M62.1MDec 24Sept 25July 26Cash raise · 2 Feb 2026Cash raise · 2 Feb 2026Cash raise · 1 Sept 2025Cash raise · 1 Sept 2025Cash raise · 7 May 2025Cash raise · 31 Mar 2025Cash raise · 24 Mar 2025Cash raise · 18 Mar 2025

Cash runway

0.7 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$597k 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
20 Mar 20263G · unquotedGDM : ORDINARY FULLY PAID68.0MAppendix 3G
19 Mar 20262A · quoted issueGDM : ORDINARY FULLY PAID68.0MAppendix 2A
11 Feb 20263G · unquotedGDM : ORDINARY FULLY PAID60.2MAppendix 3G
11 Feb 20262A · quoted issueGDM : ORDINARY FULLY PAID68.0MAppendix 2A
5 Feb 20263G · unquotedGDM : ORDINARY FULLY PAID60.2MAppendix 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

8 cash raises in the last 24 months · 4 in the last 12 months

$2.5M
Placement
2 Feb 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

63.1%
Total overhang · of current shares
10.3%
In the money · at current price
42.9M
Potential new shares
Aug 2026
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
15 May 2026Adam ArkinstallBuy10k—$3k3Y notice
20 Mar 2026Adam ArkinstallOther—1.3M—3Y notice
20 Mar 2026Simon TolhurstOther475k1.3M—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 2026Notice of release of escrowed shares
9 July 2026$PCoonambula Moves Toward Maiden JORC Resource
16 June 2026$PGDM Achieves First Cashflow - Updated
15 June 2026$PGDM Achieves First Cashflow
24 May 2026$PGDM Secures Gold Concentrate Offtake Agreement
18 May 2026Change of Directors Interest Notice - Arkinstall
17 May 2026$PCommencement of Proceedings against Amara Minerals
30 Apr 2026$PQuarterly Activities and Cashflow Reports
29 Apr 2026Dispatch of First Gold Concentrate from Challenger Mine
27 Apr 2026Challenger Tax Liability and ADG Indemnity
22 Apr 2026Mullock Recovery Commenced at Challenger Gold Mine
20 Apr 2026$PCommercial operations commenced at Challenger Gold Mine
16 Apr 2026$PCoonambula Drilling Confirms Broad Shallow Gold Zones
20 Mar 2026Change of Directors Interest Notice - Ryan
20 Mar 2026Change of Directors Interest Notice - Tolhurst
20 Mar 2026Change of Directors Interest Notice - Arkinstall
20 Mar 2026Notification regarding unquoted securities - GDM
19 Mar 2026Application for quotation of securities - GDM
18 Mar 2026Challenger Tax Liability and ADG Indemnity
13 Mar 2026Half Yearly Report and Accounts

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