Companies / WGR

WESTERN GOLD RESOURCES LIMITED.

ASX:WGRMaterials
295.5M shares on issueASX (delayed) · as of 28 July 2026$0.099price · delayed$29.3Mmarket cap · indicative
D
Dilution grade

Share count grew 74% in 24 months; runway 2–4 quarters; 4 cash raises in 24 months

Cash runway3.0 quarters of funding
Share-count growth (24m)73.5%
Raise cadence (24m)4 cash raises
Options & rights overhang23.4% of shares
In-the-money supply0.4% of shares
Pending proposed issuesnone

WESTERN GOLD RESOURCES LIMITED.'s ordinary share count grew 73.5% between June 2024 and June 2026, to 295M shares. The company raised capital four times in that period for total disclosed proceeds of A$12.0M, most recently a A$6.8M placement in October 2025. Options and rights on issue could convert into 69M new shares, equal to 23.4% of the current share count, of which 0% are in the money at the current share price; the nearest expiry is December 2026. At the March 2026 quarter the company reported A$3.2M in available cash, about 3.0 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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23.4%
Max option dilution
0.4%
ITM option dilution
2
Raises · last 12 months
3.0 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 295.5M per ASX (delayed) (28 July 2026).
196.6M232.9M269.2MDec 24Sept 25July 26Cash raise · 2 Oct 2025Cash raise · 18 Aug 2025Cash raise · 23 Apr 2025Cash raise · 7 Jan 2025

Cash runway

3.0 qtrs
Two to four quarters of funding at the recent spend rate.
$3.2M 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
30 June 20263H · cancellationWGR : ORDINARY FULLY PAID295.5MAppendix 3H
19 June 20262A · quoted issueWGR : ORDINARY FULLY PAID295.5MAppendix 2A
2 June 20263H · cancellationWGR : ORDINARY FULLY PAID294.0MAppendix 3H
20 Mar 20262A · quoted issueWGR : ORDINARY FULLY PAID294.0MAppendix 2A
29 Jan 20262A · quoted issueWGR : ORDINARY FULLY PAID292.7MAppendix 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

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

$6.8M
Placement
2 Oct 2025 COMPLETE
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

23.4%
Total overhang · of current shares
0.4%
In the money · at current price
69.3M
Potential new shares
Dec 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
30 May 2026Cullum WinnSell4.0M——3Y notice
24 Nov 2025Teck Siong WongSell2.9M——3Y notice
24 Nov 2025Gary LyonsSell994k——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

30 June 2026Notification of cessation of securities - WGR
19 June 2026Cleansing Notice
19 June 2026Application for quotation of securities - WGR
2 June 2026Change of Director's Interest Notice - Winn
2 June 2026Notification of cessation of securities - WGR
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026$PWGR Secures Extension of Toll Milling Agreement with WMC
1 Apr 2026$PGold Duke Project - Production Bore Drilling Commenced
20 Mar 2026Cleansing Notice
20 Mar 2026Application for quotation of securities - WGR
20 Mar 2026Registered Office & Principal Place of Business Update
17 Mar 2026$PMain Roads WA and Shire of Wiluna Grant Road User Access
13 Mar 2026Half Year Accounts
9 Mar 2026$P121 Mining Investment Conference Presentation - Gold Duke
8 Mar 2026$PLOM Grade Control Drilling to Run Parallel with Mining
8 Feb 2026$PPre-mining Works Contract and Mine Operator Appointment
6 Feb 2026Company Secretary Appointment/Resignation
29 Jan 2026Cleansing Notice
29 Jan 2026Application for quotation of securities - WGR
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report

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