Companies / I88

INFINI RESOURCES LIMITED

ASX:I88Materials
108.2M shares on issueASX (delayed) · as of 28 July 2026$0.11price · delayed$11.4Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 185% in 24 months; 4 cash raises in 24 months

Cash runway0.8 quarters of funding
Share-count growth (24m)184.9%
Raise cadence (24m)4 cash raises
Options & rights overhang115.4% of shares
In-the-money supply24.2% of shares
Pending proposed issuesnone

INFINI RESOURCES LIMITED's ordinary share count grew 184.9% between April 2024 and January 2026, to 108M shares. The company raised capital four times in that 24‑month window for total disclosed proceeds of A$20.2M, most recently A$12.6M in October 2025. Options and rights on issue could convert into 125M new shares, equal to 115.4% of the current share count, of which 24% are in the money at the current share price; the nearest expiry is January 2027. At the March 2026 quarter the company reported A$3.2M in available cash, about 0.8 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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115.4%
Max option dilution
24.2%
ITM option dilution
2
Raises · last 12 months
0.8 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 108.2M per ASX (delayed) (28 July 2026).
74.2M86.7M99.2MDec 24Sept 25July 26Cash raise · 20 Oct 2025Cash raise · 31 July 2025Cash raise · 3 Feb 2025Cash raise · 24 Dec 2024

Cash runway

0.8 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$3.2M 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
29 Jan 20262A · quoted issueI88 : ORDINARY FULLY PAID108.2MAppendix 2A
15 Jan 20262A · quoted issueI88 : ORDINARY FULLY PAID106.7MAppendix 2A
1 Dec 20252A · quoted issueI88 : ORDINARY FULLY PAID85.6MAppendix 2A
27 Nov 20252A · quoted issueI88 : ORDINARY FULLY PAID85.6MAppendix 2A
31 Oct 20252A · quoted issueI88 : ORDINARY FULLY PAID68.8MAppendix 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

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

$12.6M
Capital raise
20 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

115.4%
Total overhang · of current shares
24.2%
In the money · at current price
124.9M
Potential new shares
Jan 2027
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
28 Nov 2025Faheem AhmedBuy38k—$7503Y notice
28 Nov 2025Dr Andrew (Andy) WildeBuy21k—$4173Y notice
28 Nov 2025David PevcicBuy1.8M—$36k3Y 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

12 July 2026$PPortland Creek Survey Complete and Fieldwork Commenced
25 May 2026$PProject-Wide Airborne Geophysics Completed at Portland Creek
30 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 Apr 2026$PMaiden Drilling Commences at Reynolds & Reitenbach Lake
23 Apr 2026$PDrill Permits Awarded for Reynolds & Reitenbach Lake
14 Apr 2026$P2026 Ignite Investment Summit Presentation
30 Mar 2026$PReynolds & Reitenbach Lake Maiden Drill Targets Finalised
26 Mar 2026General Meeting Results
23 Mar 2026Release of Securities from Escrow
18 Mar 2026$PSaskatchewan Drill Contracts Awarded
12 Mar 2026Half Yearly Report and Accounts
8 Mar 2026Appointment of Uranium Technical Advisor Mr Yackulic
22 Feb 2026Notice of General Meeting/Proxy Form
9 Feb 2026$P2026 Unearthed Natural Resources Conference Presentation
8 Feb 2026$PAssays Confirm Uranium System at Portland Creek
29 Jan 2026Application for quotation of securities - I88
29 Jan 202630% Expansion of Portland Creek Footprint Complete
27 Jan 2026$PAirborne EM & U Anomalism Confirm Reitenbach Lake Potential
21 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
18 Jan 2026$PPhase 2 Reynolds Reitenbach Assays Complete

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