Companies / KCC

KINCORA COPPER LIMITED

ASX:KCCMaterials
48.0M shares on issueASX (delayed) · snapshot 11 Sept 202668.0M fully diluted+41.6% if every option and right converts$1.07price · delayed$51.5Mmarket cap · indicative

Today’s holders own 70.6% of what they think they own, once every option and right converts.

High
Dilution risk

4 cash raises in 24 months; options/rights overhang 42% of shares; share count grew 9% in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)9.4%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)4 cash raises
Options & rights overhang41.6% of shares
In-the-money supply9.7% of shares
Pending proposed issuesnone

KINCORA COPPER LIMITED underwent an approximately 1-for-10 share consolidation in August 2025. The company's latest ordinary share count is 48M as of July 2026, adjusted for this consolidation. Over the past 24 months, Kincorra Copper Limited has raised capital four times, totalling A$9.7M, with the most recent being a A$4.0M placement in February 2026. Options and rights on issue could convert into 20M new shares, representing 41.6% of the current share count, with 10% in the money and the nearest expiry in December 2026. The company has no current quarterly cash report on record, so no cash balance or funding runway figure is available on that basis, and no proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 8 Sept 2026
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41.6%
Options & rights overhang
9.7%
In-the-money supply · most strikes not on record
1
Raises · last 12 months
—
Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Adjusted for the 1-for-10 consolidation (27 Aug 2025). Latest count 48.0M per ASX (delayed) (snapshot 11 Sept 2026).
25M30M35M40M45MDec 24Oct 25Sept 261-for-10 consolidationCash raise · 25 Feb 2026Cash raise · 4 July 2025Cash raise · 3 Apr 202548.0M

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
8 July 20263G · unquotedCHESS DEPOSITARY INTERESTS 1:121.3MAppendix 3G
2 July 20263H · cancellationKCC : CHESS DEPOSITARY INTERESTS 1:121.6MAppendix 3H
2 June 20263H · cancellationKCC : CHESS DEPOSITARY INTERESTS 1:121.9MAppendix 3H
31 May 20263G · unquotedKCC : CHESS DEPOSITARY INTERESTS 1:121.9MAppendix 3G
17 May 20263G · unquotedKCC : CHESS DEPOSITARY INTERESTS 1:121.9MAppendix 3G

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 (21.3M) need not equal the current count above (48.0M).

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33 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

4 cash raises in the last 24 months · 1 in the last 12 months

every 5.5 monthsaverage gap between raises
6.5 monthssince the most recent
10 Oct 2024 – 25 Feb 2026first to most recent in this window
$4.0M
Placement
25 Feb 2026
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4 raises 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.

1.7M of option supply could convert within 12 months — 3.5% of shares on issue
1.7M in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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7 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.

About 46% of the 15% placement capacity left — about 54% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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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

41.6%
Options & rights overhang · of current shares
9.7%
In-the-money supply · most strikes not on record
20.0M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
10.0M20.0M$1.07 now0.25× today ($0.27) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.54) — 2.6M of the priced supply in the money, 5.4% of shares on issue0.75× today ($0.80) — 4.3M of the priced supply in the money, 8.9% of shares on issue1× today ($1.07) — 4.7M of the priced supply in the money, 9.7% of shares on issue1.25× today ($1.34) — 4.7M of the priced supply in the money, 9.7% of shares on issue1.5× today ($1.61) — 4.7M of the priced supply in the money, 9.9% of shares on issue2× today ($2.15) — 4.7M of the priced supply in the money, 9.9% of shares on issue3× today ($3.22) — 4.7M of the priced supply in the money, 9.9% of shares on issue5× today ($5.36) — 4.7M of the priced supply in the money, 9.9% of shares on issue10× today ($10.72) — 4.7M of the priced supply in the money, 9.9% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $1.07 today, 4.7M securities are in the money (9.7% of shares on issue) — a floor, because an exercise price is on record for only 23.7% of this supply. No more priced supply until 1.5× today’s price, which takes it to 4.7M (9.9% 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.
  • 15.2M (76.3% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
KCCAQOptionsPrice-triggered$0.7519 Dec 20261.5MFiling
KCCASOptionsPrice-triggered$0.752 Sept 2027130kFiling
KCCAUOptionsPrice-triggered$1.351 Mar 202878kFiling
KCCAVOptionsPrice-triggered$0.9730 Apr 2028150kFiling
KCCATOptionsPrice-triggered$0.507 July 20282.6MFiling
KCCOOptionsPrice-triggered—26 Mar 20292.4MFiling
KCCAWOptionsPrice-triggered$0.9515 May 2031230kFiling
KCCARWarrantsPrice-triggered——12.8MFiling

“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.

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8 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
28 Aug 2026John HollidaySell on-market———$11k3Y notice
31 May 2026Cameron McRaeSell—400k——3Y notice
31 May 2026John HollidaySell—240k——3Y notice
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22 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

4 Sept 2026Statement of CDIs on issue - KCC
2 Sept 2026$PExploration Update - Drilling Planned Across Four Projects
1 Sept 2026Change of Director's Interest Notice
13 Aug 2026$PKincora Copper 2026 Q2 Financials Package
5 Aug 2026Statement of CDIs on issue - KCC
9 July 2026Kincora July 2026 Investor Presentation
8 July 2026Section 708A Notice
8 July 2026Notification regarding unquoted securities - KCC
5 July 2026Statement of CDIs on issue - KCC
2 July 2026Notification of cessation of securities - KCC
1 July 2026$PKincora executes agreements for Mongolian Asset divestment
3 June 2026Statement of CDIs on issue - KCC
2 June 2026Change of Director's Interest Notices x3
2 June 2026Notification of cessation of securities - KCC
31 May 2026Section 708A Notice
31 May 2026Notification regarding unquoted securities - KCC
18 May 2026$PKincora receives payment for Mongolian Asset divestment
17 May 2026Notification regarding unquoted securities - KCC
17 May 2026Kincora Engages Investor Relations Consultant
14 May 2026$PKincora Copper 2026 Q1 Financials Package

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