Companies / GPR

GEOPACIFIC RESOURCES LTD

ASX:GPRMaterials
3.23B shares on issueASX (delayed) · snapshot 11 Sept 20263.32B fully diluted+2.7% if every option and right converts$0.027price · delayed$87.1Mmarket cap · indicative

Today’s holders own 97.3% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Runway under 2 quarters; share count grew 208% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.5 quarters of funding
Share-count growth (24m)207.7%
Raise cadence (24m)1 cash raise
Options & rights overhang2.7% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

GEOPACIFIC RESOURCES LTD's ordinary share count grew 207.7% between August 2024 and May 2026, reaching 3.23B shares. In the past 24 months, the company completed one capital raise totalling A$40.0M, a renounceable entitlement offer in December 2024. Options and rights on issue could convert into 88M new shares, representing 2.7% of the current share count, with none currently in the money. An expiry date for these securities has not been filed. As of the June 2026 quarter, the company reported A$3.2M in available cash, covering approximately 0.5 quarters of its recent expenditure. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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2.7%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
0.5 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 3.23B per ASX (delayed) (snapshot 11 Sept 2026).
1.5B2.0B2.5B3.0BDec 24Oct 25Sept 26Cash raise · 16 Dec 20243.23B

Cash runway

0.5 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Aug 2026 — that date has passed, and no later report is on record.
$3.2M 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: $7.5M cash at quarter end (item 4.6), 1.4 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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11 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 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
22 May 20262A · quoted issueGPR : ORDINARY FULLY PAID3.23BAppendix 2A
5 Dec 20252A · quoted issueGPR : ORDINARY FULLY PAID3.21BAppendix 2A
15 Sept 20252A · quoted issueGPR : ORDINARY FULLY PAID3.20BAppendix 2A
23 Jan 20252A · quoted issueGPR : ORDINARY FULLY PAID3.18BAppendix 2A
25 Nov 20243G · unquotedGPR : ORDINARY FULLY PAID1.18BAppendix 3G
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9 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

1 cash raise in the last 24 months · 0 in the last 12 months

$40.0M
Renounceable Entitlement Offer
16 Dec 2024
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1 raise on record — 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.

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

2.7%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
88.1M
Potential new shares
Nearest expiry
What this supply is, and what converts it
  • Price-triggered3.1M · 0.1% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    No exercise price is on record for any of it, so none of it can be called in or out of the money.
  • Condition-triggered85.0M · 2.6% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 0 priced, 88.1M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

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 88.1M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
GPRAPRightsCondition-triggered407kFiling Meeting
GPRAKOptionsPrice-triggered3.1MFiling
GPRALPerformance rightsCondition-triggered84.6MFiling Meeting

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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3 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
15 Sept 2025Graham AscoughBuy incentive1.7M3Y notice
15 Sept 2025Hamish BohannanBuy incentive1.3M3Y notice
15 Sept 2025Hansjoerg PlaggemarsBuy incentive133k3Y notice
15 Sept 2025Michael BrookBuy incentive1.3M3Y notice
15 Sept 2025Rowan JohnstonBuy incentive1.3M3Y notice
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7 notices 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

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