EQUATORIAL RESOURCES LIMITED

ASX:EQXMaterials

131.4M shares on issueASX (delayed) · snapshot 11 Sept 2026136.0M fully diluted+3.5% if every option and right converts$0.14price · delayed$18.4Mmarket cap · indicative

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

Absolute levels — not a ranking against other companies.

Cash runway20.1 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 share-issuance filings on record in the past 24 months. The company has not raised capital in the past 24 months, and no proposed securities issues are pending. Options and rights on issue could convert into 5M new shares, representing 3.5% of current shares, with none currently in the money; the nearest expiry is September 2027. At the June 2026 quarter end, the company reported A$6.8M in available cash, representing approximately 20.1 quarters of funding at its recent spending rate.

AI-generated summary of this page's cited filings · updated 7 Sept 2026

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3.5%

Options & rights overhang

0.0%

In-the-money supply

Raises · last 12 months

20.1 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 11 Sept 2026).

Cash runway

20.1 qtrs

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.

$6.8M 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: $7.1M cash at quarter end (item 4.6). Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.

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10 quarters 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)

Date	Form	Security	On issue, per this filing	Source
10 June 2026	3H · cancellation	EQX : ORDINARY FULLY PAID	131.4M	Appendix 3H
11 Sept 2025	3G · unquoted	EQX : ORDINARY FULLY PAID	131.4M	Appendix 3G
20 Sept 2024	3G · unquoted	EQX : ORDINARY FULLY PAID	131.4M	Appendix 3G
23 Feb 2024	3H · cancellation	EQX : ORDINARY FULLY PAID	131.4M	Appendix 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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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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B 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 2026-09-12).

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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

At $0.14 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 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.

Code	Security	Type	Exercise price	Expiry	On issue	Source
EQXAR	Options	Price-triggered	$0.20	30 Sept 2027	2.8M	Filing
EQXAS	Options	Price-triggered	$0.30	30 Sept 2028	1.8M	Filing

“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.

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.