Companies / NNL

NORDIC RESOURCES LTD

ASX:NNLMaterials
377.0M shares on issueASX (delayed) · as of 28 July 2026$0.18price · delayed$66.0Mmarket cap · indicative
D
Dilution grade

Share count grew 190% in 24 months; 6 cash raises in 24 months; runway 4–8 quarters

Cash runway6.9 quarters of funding
Share-count growth (24m)190.3%
Raise cadence (24m)6 cash raises
Options & rights overhang16.5% of shares
In-the-money supply11.2% of shares
Pending proposed issuesnone

NORDIC RESOURCES LTD's ordinary share count grew 190.3% between June 2024 and May 2026, to 377M shares. The company completed six capital raises in the 24-month window for total proceeds of A$24.0M, most recently raising A$8.5M in October 2025. Options and rights on issue could convert into 62M new shares, equal to 16.5% of the current share count, of which 11% are in the money; the nearest expiry is January 2027. At the March 2026 quarter the company reported A$8.9M in available cash, covering about 6.9 quarters at recent spending rates. 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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16.5%
Max option dilution
11.2%
ITM option dilution
2
Raises · last 12 months
6.9 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 377.0M per ASX (delayed) (28 July 2026).
194.5M261.5M328.5MDec 24Sept 25July 26Cash raise · 17 Oct 2025Cash raise · 2 Oct 2025Cash raise · 21 May 2025Cash raise · 8 Apr 2025Cash raise · 8 Apr 2025

Cash runway

6.9 qtrs
More than four quarters of funding at the recent spend rate.
$8.9M 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
1 June 20263H · cancellationNNL : ORDINARY FULLY PAID377.0MAppendix 3H
26 May 20262A · quoted issueNNL : ORDINARY FULLY PAID377.0MAppendix 2A
28 Dec 20253H · cancellationNNL : ORDINARY FULLY PAID376.0MAppendix 3H
17 Nov 20253G · unquotedNNL : ORDINARY FULLY PAID376.0MAppendix 3G
17 Nov 20253G · unquotedNNL : ORDINARY FULLY PAID376.0MAppendix 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

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

$8.5M
Capital raise
17 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

16.5%
Total overhang · of current shares
11.2%
In the money · at current price
62.4M
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
26 May 2026Robert WrixonSell1.0M1.0M$200k3Y notice
12 Feb 2026Robert WrixonOther2.8M——3Y notice
27 Dec 2025Marcello CardaciSell—89k—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

21 July 2026$PStrong Drill Results from Wide Step Out Drilling at Kopsa
16 July 2026$PFurther Gold Extensions and Depth Potential at Kopsa North
2 July 2026Notice of initial substantial shareholder from MFG
1 July 2026$PExecutive Director Appointed Managing Director
28 June 2026$PKopsa Drilling Extends Gold-Copper Zone Further to the SE
14 June 2026$PNew Drilling Hits Highest Gold Grade Ever Recorded at Kopsa
8 June 2026$PImpressive Kiimala Drill Results Show Gold Zone Extending
1 June 2026Notification of cessation of securities - NNL
26 May 2026Change of Director's Interest Notice
26 May 2026Section 708(A) Cleansing Notice - Share Issue
26 May 2026Application for quotation of securities - NNL
17 May 2026$PFirst Kiimala Drill Results Deliver Strong New Gold Target
26 Apr 2026$PQuarterly Activities Report & Appendix 5B
15 Apr 2026Company Presentation - Ignite Investment Summit Hong Kong
23 Mar 2026Change in substantial holding
16 Mar 2026Half Yearly Report and Accounts - 31 December 2025
15 Mar 2026Change in substantial holding
8 Mar 2026$PFinal 2025 Drill Results Further Expand Kopsa Gold Deposit
2 Mar 2026$PDrilling Re-Starts at Finland Gold Projects
23 Feb 2026$PLatest Gold Assays Extend Kopsa Further in the North

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