Companies / EQX

EQUATORIAL RESOURCES LIMITED

ASX:EQXMaterials
131.4M shares on issueASX (delayed) · snapshot 28 Oct 2026136.0M fully diluted+3.5% if every option and right converts$0.10price · delayed$13.8MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 96.6% of what they think they own, once every option and right converts.

Minimal
Dilution risk

No issuance filings since 2024; no dilution pressure signals in current disclosures

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway12+ quarters of funding
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)0 cash raises
Options & rights overhang3.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

EQUATORIAL RESOURCES LIMITED has not lodged any new share-issuance filings (Appendix 2A) since January 2024, so no share-count change figure is available for that period. The company did not raise any capital through a placement, rights issue or share purchase plan in the past 24 months. Options and rights on issue could convert into 5M new shares, equal to 3.5% of the current share count, none of which are in the money at the current share price; the nearest expiry falls in September 2027. The company reports more than 4 quarters of funding at the recent spend rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 28 Oct 2026
Quick answers · 3

How much placement capacity does EQX have left?

None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

How much cash does EQX have?

In its quarterly cash report for the quarter ended 30 Sept 2026, Equatorial Resources reported $6.8M of cash and estimated 20.4 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do EQX's options expire?

Unexercised options and rights equal 3.5% of Equatorial Resources's shares on issue; the nearest expiry is Sept 2027.

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3.5%
Options & rights overhang
0.0%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
0
Raises · last 12 months
12+ 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 131.4M per ASX (delayed) (snapshot 28 Oct 2026).
130.5M131.0M131.5M132.0MDec 24Nov 25Oct 26131.4M

Cash runway

12+ qtrs OURS
More than four quarters of funding at the recent spend rate.
More than three years of funding at the reported spend rate — far enough out that a dated estimate would be false precision.
$6.7M cash after burn.
FILED 20.4 qtrs · $6.8M cash · quarter ended 30 Sept 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$6.8M cash at 30 Sep 2026 − $0.1M spent ($332k a quarter × 28 days) = $6.7M left → 12+ qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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11 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 Sept 2026.
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Issuance timeline

Latest 4 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
10 June 20263H · cancellationEQX : ORDINARY FULLY PAID131.4MAppendix 3H
11 Sept 20253G · unquotedEQX : ORDINARY FULLY PAID131.4MAppendix 3G
20 Sept 20243G · unquotedEQX : ORDINARY FULLY PAID131.4MAppendix 3G
23 Feb 20243H · cancellationEQX : ORDINARY FULLY PAID131.4MAppendix 3H
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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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Securities on issue over time

Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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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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2 dated events on record — 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 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-10-28).
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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

3.5%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
4.6M
Potential new shares
Sept 2027
Nearest expiry
What a price move would switch on
2.3M4.6M$0.10 now0.25× today ($0.03) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.05) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.08) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.10) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.13) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.16) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.21) — 2.8M of the priced supply in the money, 2.1% of shares on issue3× today ($0.32) — 4.6M of the priced supply in the money, 3.5% of shares on issue5× today ($0.53) — 4.6M of the priced supply in the money, 3.5% of shares on issue10× today ($1.05) — 4.6M of the priced supply in the money, 3.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.10 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 2.8M (2.1% of shares).

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
CodeSecurityTypeExercise priceExpiryOn issueSource
EQXAROptionsPrice-triggered$0.2030 Sept 20272.8MFiling
EQXASOptionsPrice-triggered$0.3030 Sept 20281.8MFiling

“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. For what expires soon across other listed companies, see the options expiry calendar.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • EQXAFCondition-triggered500k securities → 010 June 2026 Appendix 2A
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2 option lines 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

DateDirectorTypeSharesOptionsOtherValueSource
9 June 2026John WELBORNSell4.5M4.0M——3Y notice
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1 notice on record — 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

28 Oct 2026$PSeptember 2026 Quarterly Report
13 Oct 2026Notice of Annual General Meeting/Proxy Form
25 Sept 2026Annual Report to shareholders
25 Sept 2026Appendix 4G and Corporate Governance Statement
23 Sept 2026Date of Annual General Meeting
30 July 2026$PJune 2026 Quarterly Report
6 July 2026Update on Dispute with Clifford Chance
10 June 2026Change of Director's Interest Notice
10 June 2026Notification of cessation of securities - EQX
24 Apr 2026$PMarch 2026 Quarterly Report
7 Apr 2026Update on Arbitration Against Congo
11 Mar 2026Half Year Accounts
29 Jan 2026$PDecember 2025 Quarterly Report
19 Nov 2025Results of Meeting
12 Nov 2025Completion of Final ICSID Arbitration Hearing
29 Oct 2025Ceasing to be a substantial holder
29 Oct 2025$PSeptember 2025 Quarterly Report
16 Oct 2025Notice of Annual General Meeting/Proxy Form
25 Sept 2025Appendix 4G and Corporate Governance Statement
25 Sept 2025Annual Report to shareholders

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