Companies / HRN

HORIZON GOLD LIMITED

ASX:HRNMaterials
194.8M shares on issueASX (delayed) · as of 28 July 2026$0.96price · delayed$183.1Mmarket cap · indicative
C
Dilution grade

Share count grew 26% in 24 months; runway 4–8 quarters; 2 cash raises in 24 months

Cash runway5.4 quarters of funding
Share-count growth (24m)25.5%
Raise cadence (24m)2 cash raises
Options & rights overhang2.8% of shares
In-the-money supply1.0% of shares
Pending proposed issuesnone

HORIZON GOLD LIMITED's ordinary share count grew 25.5% between July 2025 and April 2026, to 195M shares. The company raised capital twice in the 24-month window for total disclosed proceeds of A$42.1M, most recently A$30.2M in February 2026. Options and rights on issue could convert into 5M new shares, equal to 2.8% of the current share count, of which 1% are in the money; the nearest expiry is November 2026. At the March 2026 quarter the company reported A$16.2M in available cash, about 5.4 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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2.8%
Max option dilution
1.0%
ITM option dilution
1
Raises · last 12 months
5.4 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 194.8M per ASX (delayed) (28 July 2026).
155.3M169.8M184.3MDec 24Sept 25July 26Cash raise · 27 Feb 2026Cash raise · 16 July 2025

Cash runway

5.4 qtrs
More than four quarters of funding at the recent spend rate.
$16.2M 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
7 Apr 20262A · quoted issueHRN : ORDINARY FULLY PAID194.8MAppendix 2A
1 Apr 20262A · quoted issueHRN : ORDINARY FULLY PAID193.6MAppendix 2A
11 Mar 20262A · quoted issueHRN : ORDINARY FULLY PAID186.3MAppendix 2A
2 Feb 20263G · unquotedHRN : ORDINARY FULLY PAID169.6MAppendix 3G
3 Sept 20252A · quoted issueHRN : ORDINARY FULLY PAID169.6MAppendix 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 · 1 in the last 12 months

$30.2M
Capital raise
27 Feb 2026
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

2.8%
Total overhang · of current shares
1.0%
In the money · at current price
5.4M
Potential new shares
Nov 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
2 Apr 2026Peter Ross SullivanBuy251k—$301k3Y notice
2 Apr 2026James Noel SullivanBuy120k—$145k3Y notice
2 Apr 2026Peter VENNBuy28k—$33k3Y 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 2026Horizon Gold DFS Investor Briefing Webinar
21 July 2026$PGum Creek Gold Project - DFS Study Presentation
21 July 2026$PGum Creek DFS Confirms Path to WA's Next Major Gold Mine
18 June 2026Becoming a substantial holder
17 June 2026Horizon Gold launches new Website and Investor Hub
8 June 2026$PConsistent High-Grade Intercepts returned from RC Drilling
28 Apr 2026$PHigh-grade intercepts from Omega and Kingfisher Drilling
27 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
7 Apr 2026Application for quotation of securities - HRN
1 Apr 2026Change of Director's Interest Notice x 3
1 Apr 2026Application for quotation of securities - HRN
1 Apr 2026$PEntitlement Issue Offer Closed and Shortfall Placed
16 Mar 2026Change in substantial holding
11 Mar 2026Notification under Section 708A(5) of the Corporations Act
11 Mar 2026Application for quotation of securities - HRN
11 Mar 2026Non-Renounceable Entitlement Offer Document Despatch
11 Mar 2026Half Year Accounts
3 Mar 2026Notification under Section 708AA(2)(f) of the Corps Act
3 Mar 2026Proposed issue of securities - HRN
3 Mar 2026Proposed issue of securities - HRN

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