Companies / NES

NELSON RESOURCES LIMITED.

ASX:NESMaterials
2.78B shares on issueASX (delayed) · as of 28 July 2026$0.004price · delayed$8.4Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 336% in 24 months; options/rights overhang 190% of shares

Cash runway1.9 quarters of funding
Share-count growth (24m)336.1%
Raise cadence (24m)2 cash raises
Options & rights overhang189.7% of shares
In-the-money supply118.3% of shares
Pending proposed issuesnone

NELSON RESOURCES LIMITED.'s ordinary share count grew 336.1% between September 2024 and May 2026, to 2.78B shares. The company raised capital twice in the 24‑month window for total disclosed proceeds of A$5.5M, most recently raising A$3.2M in December 2025. Options and rights on issue could convert into 5.28B new shares, equal to 189.7% of the current share count, with 118% of current shares in the money; the nearest expiry is December 2029. At the June 2026 quarter the company reported A$1.8M in available cash, about 1.9 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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189.7%
Max option dilution
118.3%
ITM option dilution
1
Raises · last 12 months
1.9 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 2.78B per ASX (delayed) (28 July 2026).
2.30B2.48B2.66BDec 24Sept 25July 26Cash raise · 8 Dec 2025

Cash runway

1.9 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$1.8M 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
18 May 20263G · unquotedORDINARY FULLY PAID2.74BAppendix 3G
18 May 20262A · quoted issueNES : ORDINARY FULLY PAID2.78BAppendix 2A
19 Mar 20263G · unquotedNES : ORDINARY FULLY PAID2.74BAppendix 3G
5 Mar 20262A · quoted issueNES : ORDINARY FULLY PAID2.74BAppendix 2A
3 Mar 20263G · unquotedORDINARY FULLY PAID2.74BAppendix 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

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

$3.3M
Capital raise
8 Dec 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

189.7%
Total overhang · of current shares
118.3%
In the money · at current price
5.28B
Potential new shares
Dec 2029
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
18 Mar 2026Gernot AblOther——$175k3Y notice
18 Mar 2026Louis BucciOther——$197k3Y notice
18 Mar 2026Daniel SmithOther169.0M129.0M$175k3Y 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$PUnderground Sampling Extends High-Grade Gold Zone at Orleans
23 July 2026$PQuarterly Activities and Cashflow Report
21 July 2026$PFour Priority Exploration Targets Defined at Cinnamon
19 July 2026$PHigh-Grade Gold and Bonanza Silver Results at Orleans Mine
14 July 2026$PMetallurgical testing at Gold Point commences
12 July 2026$PGeophysical Survey Defines Vein Extensions at Gold Point
7 July 2026Appendix 3X - Nicholas Ong
7 July 2026Appendix 3Z - Louis Bucci
6 July 2026$PBoard Changes & Gold Point Update
15 June 2026$PMine Rehabilitation Commences at Second Gold Point Mine
1 June 2026$PDiamond drillers appointed at Gold Point
25 May 2026$PMaiden underground drilling commences at Gold Point
20 May 2026$PDrill equipment mobilised to Gold Point
19 May 2026$PExploration Accelerates at Cinnamon Tungsten Property,Nevada
18 May 2026$PGeophysical Survey Completed at Cinnamon Tungsten Project
18 May 2026Replacement Announcement - Cinnamon Tungsten Property
18 May 2026Issue of Shares and Cleansing Notice
18 May 2026Notification regarding unquoted securities - NES
18 May 2026Application for quotation of securities - NES
13 May 2026$PProspective Tungsten Claims Secured in Pilot Mountain, US.

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