Companies / OR3

ORE RESOURCES LIMITED

ASX:OR3Materials
829.7M shares on issueASX (delayed) · snapshot 28 Oct 2026953.7M fully diluted+14.9% if every option and right converts$0.052price · delayed$39.8MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 87.0% of what they think they own, once every option and right converts.

Moderate
Dilution riskprovisional — limited history

Runway under 2 quarters; share count grew 23% in 24 months; 1 cash raise in 24 months; since relisting as OR3; prior history under FBM not included

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.7 quarters of funding
Share-count growth (24m)22.9%since relisting as OR3; prior history under FBM not included
Raise cadence (24m)1 cash raisesince relisting as OR3; prior history under FBM not included
Options & rights overhang14.9% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

ORE RESOURCES LIMITED’s ordinary share count has been tracked only since its rename in December 2025; between that month and September 2026, the count grew 22.9% to 830M shares. The company completed one capital raise in that window, a A$7.5M placement in December 2025. Options and rights on issue could convert into 124M new shares, equal to 14.9% of current shares; none are in the money, with the nearest expiry in November 2026. The company has under 2 quarters of funding at the recent spend rate as of its June 2026 quarter. No proposed securities issues are pending. Figures cover only activity after the rename and do not include history under the previous code FBM.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 3

When did OR3 last raise capital?

The last capital raise in Ore Resources's filings is Placement of $7.5M announced 11 Dec 2025, one of 1 cash raises in 24 months.

How much cash does OR3 have?

In its quarterly cash report for the quarter ended 30 June 2026, Ore Resources reported $6.8M of cash and estimated 3.1 quarters of funding available at its current rate of spending. That is the company's own estimate.

When do OR3's options expire?

Unexercised options and rights equal 14.9% of Ore Resources's shares on issue; the nearest expiry is Nov 2026.

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14.9%
Options & rights overhang
0.0%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
1
Raises · last 12 months
1.7 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. Shown since relisting as OR3 (1 Dec 2025); prior history under FBM is not included. Latest count 829.7M per ASX (delayed) (snapshot 28 Oct 2026).
700M750M800MDec 25May 26Oct 26Cash raise · 11 Dec 2025829.7M

Cash runway

1.7 qtrs OURS
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Mar 2027 at the reported spend rate.
$3.9M cash after burn.
FILED 3.1 qtrs · $6.8M cash · quarter ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$6.8M cash at 30 Jun 2026 − $2.9M spent ($2.2M a quarter × 120 days) = $3.9M left → 1.7 qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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3 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
14 Sept 20263G · unquotedORDINARY FULLY PAID829.7MAppendix 3G
14 Sept 20263G · unquotedOR3 : ORDINARY FULLY PAID829.7MAppendix 3G
2 Sept 20262A · quoted issueOR3 : ORDINARY FULLY PAID829.7MAppendix 2A
13 Aug 20263H · cancellationOR3 : ORDINARY FULLY PAID827.5MAppendix 3H
27 May 20263H · cancellationOR3 : ORDINARY FULLY PAID827.5MAppendix 3H
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19 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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Securities on issue over time

Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months · counted since relisting as OR3 (1 Dec 2025); prior history under FBM is not included

$7.5M
Placement
At 5.8c, 13.4% below the last close
11 Dec 2025 COMPLETE
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7 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Results due

What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.

  • November 2026 · AC drilling through October and November (to complete)
  • November 2026 · Drilling through October to November (to complete)
  • by end 2026 · Drilling results expected (results due)
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3 events on record — The company's own words
The sentence each date comes from, the report it was in, and a link to it.
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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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11 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 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.

No estimate — no share count old enough to measure 15% of. The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure.
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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

14.9%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
124.0M
Potential new shares
Nov 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered71.0M · 8.6% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered53.0M · 6.4% 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: 71.0M 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.

What a price move would switch on
62.0M124.0M$0.052 now0.25× today ($0.013) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.026) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.039) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.052) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.065) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.078) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.104) — 30.0M of the priced supply in the money, 3.6% of shares on issue3× today ($0.156) — 66.0M of the priced supply in the money, 8.0% of shares on issue5× today ($0.260) — 71.0M of the priced supply in the money, 8.6% of shares on issue10× today ($0.520) — 71.0M of the priced supply in the money, 8.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.052 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 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 (42.7% 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
OR3AANOptionsPrice-triggered$0.1528 Nov 20263.0MFiling
OR3AALOptionsPrice-triggered$0.113 Feb 20282.0MFiling
OR3AAOptionsPrice-triggered$0.0901 Dec 202821.0MFiling
OR3ABOptionsPrice-triggered$0.151 Dec 202821.0MFiling
OR3AASOptionsPrice-triggered$0.1013 Dec 20282.0MFiling
OR3AATOptionsPrice-triggered$0.1413 Dec 20282.0MFiling
OR3ACOptionsPrice-triggered$0.1025 Feb 20292.0MFiling
OR3AAQOptionsPrice-triggered$0.1024 May 20295.0MFiling
OR3AAPOptionsPrice-triggered$0.1424 May 20295.0MFiling
OR3AAROptionsPrice-triggered$0.1824 May 20295.0MFiling
—OptionsPrice-triggered$0.1514 Sept 20293.0MFiling
OR3AQPerformance rightsCondition-triggered——53.0MFiling

“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. For what expires soon across other listed companies, see the options expiry calendar.

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12 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 2026Neville PowerBuy on-market1.3M———3Y notice
14 Sept 2026Nicholas RathjenBuy on-market340k———3Y notice
13 Aug 2026Robin CoxSell8.3M6.0M7.0M—3Y notice
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15 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

28 Oct 2026Investor Presentation - Coolgardie Gold
28 Oct 2026$PCoolgardie Initial Gold Resource and Exploration Target
20 Oct 2026$PAircore Drilling Commenced at Avoca Gold Project
19 Oct 2026Notice of 2026 Annual General Meeting and Proxy Form
15 Oct 2026Notice of Change of Interests of Substantial Holder
14 Oct 2026HK Ignite Investment Summit Presentation
13 Oct 2026$PKal East Gold Project Tenure Expanded By 55%
6 Oct 2026$PCoolgardie Gold Projects Update
30 Sept 2026Corporate Governance Statement and Appendix 4G
30 Sept 20262026 Annual Report to Shareholders
22 Sept 2026Release of Securities from Voluntary Escrow
22 Sept 2026Date of AGM and Closing Date for Director Nominations
15 Sept 2026Appendix 3Y - Change of Directors Interest Notice x 2
14 Sept 2026Notification regarding unquoted securities - OR3
14 Sept 2026Notification regarding unquoted securities - OR3
10 Sept 2026$PLithium Mineralisation Extended Beyond Mineral Resource
2 Sept 2026Application for quotation of securities - OR3
2 Sept 2026$PMiriam Tenure Consolidation Completed & Cleansing Statement
1 Sept 2026Change of Registered Office and Principal Place of Business
27 Aug 2026Kangaroo Hills Lithium DSO Study Presentation

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.