Companies / TAS

TASMAN RESOURCES LTD

ASX:TASMaterials
553.4M shares on issueASX (delayed) · as of 28 July 2026$0.045price · delayed$24.3Mmarket cap · indicative
C
Dilution grade

Share count grew 72% in 24 months; 5 cash raises in 24 months; options/rights overhang 37% of shares

Cash runway20.8 quarters of funding
Share-count growth (24m)71.8%
Raise cadence (24m)5 cash raises
Options & rights overhang36.7% of sharesconsolidation-adjusted
In-the-money supply0.0% of sharesconsolidation-adjusted
Pending proposed issuesnone

TASMAN RESOURCES LTD's ordinary share count grew 71.8% between August 2024 and June 2026 to 553M shares; the share-count figures are adjusted for a share consolidation completed in May 2025 (approximately 1-for-2.5), and the latest share count is reported as 553M. The company raised capital five times in the 24-month window for total proceeds of A$6.7M, most recently raising A$4.0M in May 2026. Options and rights could convert into 203M new shares, equal to 36.7% of the current share count, none are in the money, and the nearest expiry is May 2028. At the June 2026 quarter TASMAN RESOURCES reported A$5.6M in cash, covering 20.8 quarters. 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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36.7%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
20.8 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. Adjusted for the 1-for-2.5 consolidation (7 May 2025). Latest count 553.4M per ASX (delayed) (28 July 2026).
261.7M368.8M475.8MDec 24Sept 25July 261-for-2.5 consolidationCash raise · 22 May 2026Cash raise · 16 Oct 2025Cash raise · 28 May 2025Cash raise · 27 May 2025Cash raise · 24 Mar 2025

Cash runway

20.8 qtrs
More than four quarters of funding at the recent spend rate.
$5.6M 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
9 June 20262A · quoted issueTAS : ORDINARY FULLY PAID553.4MAppendix 2A
23 Apr 20262A · quoted issueTAS : ORDINARY FULLY PAID455.2MAppendix 2A
31 Mar 20262A · quoted issueTAS : ORDINARY FULLY PAID455.1MAppendix 2A
2 Feb 20262A · quoted issueTAS : ORDINARY FULLY PAID454.8MAppendix 2A
2 Feb 20262A · quoted issueTAS : ORDINARY FULLY PAID454.8MAppendix 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

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

$4.0M
Capital raise
22 May 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

consolidation-adjusted Figures rebased for the share consolidation in the last 24 months.

36.7%
Total overhang · of current shares
0.0%
In the money · at current price
203.2M
Potential new shares
May 2028
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 Feb 2026Mr Louis VarrassoBuy2.3M—$93k3Y notice
4 Dec 2025Mr Gregory Howard SolomonOther84.0M261k—3Y notice
4 Dec 2025Mr Louis VarrassoOther1.2M12.6M—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

26 July 2026$PUpcoming Drilling Campaigns Expanded
23 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
23 July 2026Results of Meeting
18 June 2026Notice of General Meeting/Proxy Form
12 June 2026Change in substantial holding - 7 Enterprises Pty Ltd
9 June 2026Issue of Placement Shares and Cleansing Notice
9 June 2026Application for quotation of securities - TAS
8 June 2026Additional funding from sale of options in Eden Innovations
31 May 2026Change in substantial holding - 7 Enterprises Pty Ltd
28 May 2026Final Director's Interest Notice
27 May 2026Initial Director's Interest Notice - Turnbull
24 May 2026Proposed issue of securities - TAS
24 May 2026$PBoard Updates, Adam Turnbull appointed and $4M Placement
23 Apr 2026Application for quotation of securities - TAS
23 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
31 Mar 2026Application for quotation of securities - TAS
25 Mar 2026EDE Update - Continued EdenCrete Market Growth
16 Mar 2026Half Year Accounts
11 Mar 2026$PTitan West and Parkinson Dam - Drilling Programme Updates
15 Feb 2026EDE Update - Eden Emerges Debt Free Poised For Growth

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