Companies / TRE

TOUBANI RESOURCES LIMITED

ASX:TREMaterials
1.01B shares on issueASX (delayed) · as of 28 July 2026$0.28price · delayed$282.9Mmarket cap · indicative
D
Dilution grade

Share count grew 459% in 24 months; 6 cash raises in 24 months; runway 4–8 quarters

Cash runway5.3 quarters of funding
Share-count growth (24m)459.3%
Raise cadence (24m)6 cash raises
Options & rights overhang10.1% of shares
In-the-money supply0.4% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

TOUBANI RESOURCES LIMITED's ordinary share count grew 459.3% between July 2024 and July 2026, to 937M shares. The company completed six capital raises in the 24-month window for total proceeds of A$382.6M, most recently an Accelerated non-renounceable entitlement offer yielding A$70.2M in July 2026. Options and rights on issue could convert into 103M new shares, equal to 10.1% of the current share count, with the nearest expiry in September 2026 and 0% in the money. At the March 2026 quarter the company reported A$155.5M in available cash, representing 5.3 quarters of cover. One proposed securities issue (Appendix 3B) is pending with an expected issue date in August 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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10.1%
Max option dilution
0.4%
ITM option dilution
4
Raises · last 12 months
5.3 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 1.01B per ASX (delayed) (28 July 2026).
393.1M619.7M846.4MDec 24Sept 25July 26Cash raise · 10 July 2026Cash raise · 7 Oct 2025Cash raise · 7 Oct 2025Cash raise · 1 Aug 2025Cash raise · 24 Apr 2025

Cash runway

5.3 qtrs
More than four quarters of funding at the recent spend rate.
$155.5M 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
21 July 20263G · unquotedTRE : ORDINARY FULLY PAID1.01BAppendix 3G
20 July 20262A · quoted issueTRE : ORDINARY FULLY PAID937.1MAppendix 2A
17 July 20262A · quoted issueTRE : ORDINARY FULLY PAID837.9MAppendix 2A
17 July 20262A · quoted issueTRE : ORDINARY FULLY PAID765.5MAppendix 2A
21 May 20262A · quoted issueTRE : ORDINARY FULLY PAID765.0MAppendix 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

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

$70.2M
Accelerated non-renounceable entitlement offer
10 July 2026 ACTIVE
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

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.
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Options & convertible securities

10.1%
Total overhang · of current shares
0.4%
In the money · at current price
102.5M
Potential new shares
Sept 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.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
20 Apr 2026Daniel CallowSell4.4M333k—3Y notice
8 Jan 2026Phil RussoOther112k2.0M—3Y notice
19 Dec 2025Scott PerryOther—250k—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

24 July 2026Change in substantial holding
23 July 2026Change in substantial holding
21 July 2026Notification regarding unquoted securities - TRE
20 July 2026Application for quotation of securities - TRE
19 July 2026Letter to Ineligible Shareholders
19 July 2026Retail Entitlement Offer Booklet
19 July 2026Dispatch of Retail Entitlement Offer Booklet and Offer Opens
17 July 2026Toubani Completes Acquisition of 19.9% of Avanti Gold
17 July 2026Cleansing Notice
17 July 2026Options Prospectus
17 July 2026Application for quotation of securities - TRE
17 July 2026Application for quotation of securities - TRE
14 July 2026$PToubani Successfully Completes Institutional Offer Bookbuild
13 July 2026Update - Proposed issue of securities - TRE
13 July 2026Proposed issue of securities - TRE
13 July 2026Cleansing Notice
13 July 2026Proposed issue of securities - TRE
13 July 2026Investor Presentation
13 July 2026$PFunding Secured to Advance Kobada into Production
12 July 2026$PTrading Halt

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