Companies / BSR

BISON RESOURCES LIMITED

ASX:BSRMaterials
66.3M shares on issueASX (delayed) · snapshot 11 Sept 202672.2M fully diluted+9.0% if every option and right converts$0.41price · delayed$27.2Mmarket cap · indicative

Today’s holders own 91.7% of what they think they own, once every option and right converts.

Not rated
Dilution riskprovisional — limited history

Not rated — listed too recently to rate

Listed too recently — there is not enough filing history to score yet. Not rated means no assessment — not low risk.

MinimalVery high
Not placed on this scale.
Cash runway5.6 quarters of funding
Share-count growth (24m)no data — listed too recently to rate
Raise cadence (24m)0 cash raises
Options & rights overhang9.0% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

BISON RESOURCES LIMITED listed in April 2026, and its disclosure history is short. The company's share count was 66M as of April 2026. No capital raises have occurred in the past 24 months, and no proposed securities issues are pending. Options on issue could convert into 6M new shares, representing 9.0% of the current share count. No filing on record states an expiry date for these securities. As of the June 2026 quarter, BISON RESOURCES LIMITED reported A$4.4M in available cash, which covered 5.6 quarters of its recent spending rate.

AI-generated summary of this page's cited filings · updated 10 Sept 2026
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9.0%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
5.6 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 66.3M per ASX (delayed) (snapshot 11 Sept 2026).
65.75M66.00M66.25M66.50M66.75MApr 26June 26Sept 2666.3M

Cash runway

5.6 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Nov 2027 at the reported spend rate.
$4.4M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $5.0M cash at quarter end (item 4.6), 7.0 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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1 quarter on record — 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 4 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
16 July 20263G · unquotedBSR : ORDINARY FULLY PAID36.0MAppendix 3G
30 June 20263G · unquotedBSR : ORDINARY FULLY PAID36.0MAppendix 3G
17 June 20263G · unquotedBSR : ORDINARY FULLY PAID36.0MAppendix 3G
27 May 20262A · quoted issueBSR : ORDINARY FULLY PAID36.0MAppendix 2A

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (36.0M) need not equal the current count above (66.3M).

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4 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

No equity raises in the last 24 months.
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Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

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Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

9.0%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
6.0M
Potential new shares
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 6.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
BSRAEPerformance rightsCondition-triggered6.0MFiling

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column.

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1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

No director dealing notices (Appendix 3Y) on record.
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Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.