Companies / KP2

KORE POTASH PLC

ASX:KP2Materials
5.18B shares on issueASX (delayed) · snapshot 11 Sept 20265.23B fully diluted+1.0% if every option and right converts$0.066price · delayed$341.6Mmarket cap · indicative

Today’s holders own 99.0% of what they think they own, once every option and right converts.

Low
Dilution risk

3 cash raises in 24 months; 1% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway8.6 quarters of funding
Share-count growth (24m)-16.9%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)3 cash raisesexcludes announced events with no matching share-issuance (Appendix 2A) filing
Options & rights overhang1.0% of shares
In-the-money supply1.0% of shares
Pending proposed issuesnone

KORE POTASH PLC's share count was 5.18B as of November 2025. The company raised capital three times in the past 24 months, with total disclosed proceeds of A$12.2M. The most recent raise was a non-pro-rata offer (PDS cleansing offer) in November 2025. Options and rights on issue could convert into 50M new shares, representing 1.0% of the current share count, with 1% currently in the money; the nearest expiry date is April 2027. As of the June 2026 quarter, KORE POTASH PLC reported A$10.0M in available cash, with a funding runway of approximately 8.7 quarters. There are no proposed securities issues pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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1.0%
Options & rights overhang
1.0%
In-the-money supply
2
Raises · last 12 months
8.6 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 5.18B per ASX (delayed) (snapshot 11 Sept 2026).
4.50B4.75B5.00BDec 24Oct 25Sept 26Cash raise · 20 Nov 2025Cash raise · 19 Nov 20255.18B

Cash runway

8.6 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Aug 2028 at the reported spend rate.
$10.0M 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: $11.0M cash at quarter end (item 4.6), 9.5 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
26 Nov 20253G · unquotedCHESS DEPOSITARY INTERESTS553.0MAppendix 3G
26 Nov 20252A · quoted issueKP2 : CHESS DEPOSITARY INTERESTS 1:1592.6MAppendix 2A
1 Aug 20253G · unquotedCHESS DEPOSITARY INTERESTS 1:1635.9MAppendix 3G
17 June 20253G · unquotedCHESS DEPOSITARY INTERESTS 1:1653.7MAppendix 3G
17 June 20253G · unquotedCHESS DEPOSITARY INTERESTS 1:1653.7MAppendix 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 (553.0M) need not equal the current count above (5.18B).

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17 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

3 cash raises in the last 24 months · 2 in the last 12 months

every 6 monthsaverage gap between raises
9.7 monthssince the most recent
21 Nov 2024 – 20 Nov 2025first to most recent in this window
—
Non pro-rata offer (PDS cleansing offer)
20 Nov 2025
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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.

44.0M of option supply could convert within 12 months — 0.9% of shares on issue
44.0M 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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3 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 57% of the 15% placement capacity left — about 43% 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

1.0%
Options & rights overhang · of current shares
1.0%
In-the-money supply · at current price
50.0M
Potential new shares
Apr 2027
Nearest expiry
What a price move would switch on
25.0M50.0M$0.066 now0.25× today ($0.017) — 35.0M of the priced supply in the money, 0.7% of shares on issue0.5× today ($0.033) — 50.0M of the priced supply in the money, 1.0% of shares on issue0.75× today ($0.050) — 50.0M of the priced supply in the money, 1.0% of shares on issue1× today ($0.066) — 50.0M of the priced supply in the money, 1.0% of shares on issue1.25× today ($0.083) — 50.0M of the priced supply in the money, 1.0% of shares on issue1.5× today ($0.099) — 50.0M of the priced supply in the money, 1.0% of shares on issue2× today ($0.132) — 50.0M of the priced supply in the money, 1.0% of shares on issue3× today ($0.198) — 50.0M of the priced supply in the money, 1.0% of shares on issue5× today ($0.330) — 50.0M of the priced supply in the money, 1.0% of shares on issue10× today ($0.660) — 50.0M of the priced supply in the money, 1.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.066 today, 50.0M securities are in the money (1.0% of shares on issue). No price up to ten times today’s switches on any more priced supply.

  • 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
KP2AHOptionsPrice-triggered$0.00115 Apr 202735.0MFiling
KP2AIOptionsPrice-triggered$0.0229 June 20279.0MFiling
KP2AJOptionsPrice-triggered$0.01911 June 20286.0MFiling

“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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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
11 June 2025David Andrew HathornOther11.3M11.3M9.0M—3Y notice
11 June 2025David NetherwayOther—2.0M——3Y notice
11 June 2025Jonathan Alfred Grey TrollipOther—2.0M——3Y notice
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3 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

11 Sept 2026Half Year Financial Report
4 Sept 2026Statement of CDIs on issue - KP2
7 Aug 2026Statement of CDIs on issue - KP2
28 July 2026$PQuarterly Activities and Cashflow Report
7 July 2026Statement of CDIs on issue - KP2
30 June 2026Result of AGM
30 June 2026$PAGM Statement - Update on Formal Sale Process
26 June 2026Remote Access to 2026 AGM
5 June 2026Statement of CDIs on issue - KP2
2 June 2026Notice of Annual General Meeting including Proxy Form
27 May 2026$PExtension of Cleansing Prospectus Offer Period
6 May 2026Statement of CDIs on issue - KP2
30 Apr 2026$PQuarterly Activities and Cashflow Report
8 Apr 2026Statement of CDIs on issue - KP2
25 Mar 2026Appendix 4G
25 Mar 2026Annual Report to Shareholders
5 Mar 2026Statement of CDIs on issue - KP2
1 Mar 2026$PAcquisition of interest in SPSA
1 Mar 2026$PUpdate on Formal Sale Process
6 Feb 2026Statement of CDIs on issue - KP2

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