Companies / S2R

S2 RESOURCES LTD

ASX:S2RMaterials
531.6M shares on issueASX (delayed) · as of 28 July 2026$0.076price · delayed$39.9Mmarket cap · indicative
C
Dilution grade

Share count grew 17% in 24 months; 4 cash raises in 24 months; options/rights overhang 15% of shares

Cash runway16.0 quarters of funding
Share-count growth (24m)17.4%
Raise cadence (24m)4 cash raises
Options & rights overhang15.4% of shares
In-the-money supply0.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

S2 RESOURCES LTD's ordinary share count grew 17.4% between January 2024 and January 2026, to 532M shares. The company raised capital four times in that period for total disclosed proceeds of A$10.1M, most recently a placement of A$3.0M in October 2025. Options and rights on issue could convert into 82M new shares, equal to 15.4% of the current share count, with 0% in the money and the nearest expiry in October 2026. At the June 2026 quarter the company reported A$18.2M in available cash, equivalent to 16.0 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
Email me when this grade changes
Alerts are coming soon — this opens a pre-filled email that puts you on the list.
15.4%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
16.0 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 531.6M per ASX (delayed) (28 July 2026).
469.4M492.2M515.1MDec 24Sept 25July 26Cash raise · 30 Oct 2025Cash raise · 29 Oct 2025Cash raise · 4 July 2025Cash raise · 4 June 2025

Cash runway

16.0 qtrs
More than four quarters of funding at the recent spend rate.
$18.2M 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.
Join the waitlist

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
1 July 20263G · unquotedS2R : ORDINARY FULLY PAID531.6MAppendix 3G
28 Apr 20263H · cancellationS2R : ORDINARY FULLY PAID531.6MAppendix 3H
22 Apr 20263G · unquotedS2R : ORDINARY FULLY PAID531.6MAppendix 3G
20 Apr 20263H · cancellationS2R : ORDINARY FULLY PAID531.6MAppendix 3H
12 Jan 20262A · quoted issueS2R : ORDINARY FULLY PAID531.6MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Join the waitlist

Capital raises

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

$3.0M
Placement
30 Oct 2025 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
Join the waitlist

Pending proposed issues

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
Join the waitlist

Options & convertible securities

15.4%
Total overhang · of current shares
0.0%
In the money · at current price
82.1M
Potential new shares
Oct 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.
Join the waitlist

Director dealings

DateDirectorTypeSharesOptionsValueSource
10 July 2026Mark BennettBuy38k——3Y notice
12 Jan 2026Mark BennettBuy325k—$22k3Y notice
11 Nov 2025Jeff DowlingSell1.5M1.3M—3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Join the waitlist

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Sign up free — coming soon

Latest announcements

26 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
15 July 2026Change of Director's Interest Notice
1 July 2026Proposed issue of securities - S2R
1 July 2026Notification regarding unquoted securities - S2R
25 June 2026$PJillewarra JV - Tenements granted, drilling imminent
14 June 2026$PJillewarra progressing, paving the way for aircore drilling
18 May 2026$PTenements granted and targets lined up at Loch Lilly, NSW
11 May 2026$PStrong gold and multielement anomalies at Yeungroon
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026Notification of cessation of securities - S2R
22 Apr 2026Notification regarding unquoted securities - S2R
20 Apr 2026Notification of cessation of securities - S2R
22 Mar 2026$PGold-Antimony Anomalies at Silver Spoon
19 Mar 2026$PJillewarra Heritage Protection Agreement signed
11 Mar 2026Half Yearly Report and Accounts
13 Feb 2026Change in Principal Place of Business address
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
12 Jan 2026Change of Director's Interest Notice
12 Jan 2026Cleansing Notice
12 Jan 2026Application for quotation of securities - S2R

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