ORE RESOURCES LIMITED
ASX:OR3MaterialsToday’s holders own 87.3% of what they think they own, once every option and right converts.
Runway 2–4 quarters; share count grew 23% in 24 months; 2 cash raises in 24 months; since relisting as OR3; prior history under FBM not included
ORE RESOURCES LIMITED, trading as OR3 only since December 2025, has disclosed share count information only from that date. Between December 2025 and September 2026, the ordinary share count grew 22.9% to 830M shares. In this period, the company completed two capital raises totalling A$15.0M, with the most recent being a A$7.5M placement in December 2025. Options and rights outstanding could convert to 121M new shares, representing 14.6% of the current share count, with no options currently in the money. The nearest expiry for these instruments is November 2026. As of the June 2026 quarter, the company reported A$5.0M in available cash, which provides an estimated 2.3 quarters of funding based on recent expenditure. There are no proposed securities issues pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 1 Sept 2026 | 2A · quoted issue | OR3 : ORDINARY FULLY PAID | 829.7M | Appendix 2A |
| 13 Aug 2026 | 3H · cancellation | OR3 : ORDINARY FULLY PAID | 827.5M | Appendix 3H |
| 27 May 2026 | 3H · cancellation | OR3 : ORDINARY FULLY PAID | 827.5M | Appendix 3H |
| 17 May 2026 | 2A · quoted issue | OR3 : ORDINARY FULLY PAID | 827.5M | Appendix 2A |
| 6 Apr 2026 | 2A · quoted issue | OR3 : ORDINARY FULLY PAID | 823.6M | Appendix 2A |
Capital raises
2 cash raises in the last 24 months · 2 in the last 12 months · counted since relisting as OR3 (1 Dec 2025); prior history under FBM is not included
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.
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.
Pending proposed issues
Options & convertible securities
- Price-triggered68.0M · 8.2% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered53.0M · 6.4% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 68.0M priced, 53.0M 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.
At $0.070 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 30.0M (3.6% 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.
- 53.0M (43.8% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| OR3AAN | Options | Price-triggered | $0.15 | 28 Nov 2026 | 3.0M | Filing |
| OR3AAL | Options | Price-triggered | $0.11 | 3 Feb 2028 | 2.0M | Filing |
| OR3AA | Options | Price-triggered | $0.090 | 1 Dec 2028 | 21.0M | Filing |
| OR3AB | Options | Price-triggered | $0.15 | 1 Dec 2028 | 21.0M | Filing |
| OR3AAS | Options | Price-triggered | $0.10 | 13 Dec 2028 | 2.0M | Filing |
| OR3AAT | Options | Price-triggered | $0.14 | 13 Dec 2028 | 2.0M | Filing |
| OR3AC | Options | Price-triggered | $0.10 | 25 Feb 2029 | 2.0M | Filing |
| OR3AAQ | Options | Price-triggered | $0.10 | 24 May 2029 | 5.0M | Filing |
| OR3AAP | Options | Price-triggered | $0.14 | 24 May 2029 | 5.0M | Filing |
| OR3AAR | Options | Price-triggered | $0.18 | 24 May 2029 | 5.0M | Filing |
| OR3AQ | Performance rights | Condition-triggered | — | — | 53.0M | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 13 Aug 2026 | Robin Cox | Sell | 8.3M | 6.0M | 7.0M | — | 3Y notice |
| 27 Feb 2026 | Neville Power | Buy on-market | 7.0M | — | — | — | 3Y notice |
| 27 Feb 2026 | Nicholas Rathjen | Buy on-market | 410k | — | — | — | 3Y notice |
| 27 Feb 2026 | Robin Cox | Buy on-market | 150k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.