Companies / PAT

PATRIOT RESOURCES LIMITED

ASX:PATMaterials

293.2M shares on issueASX (delayed) · as of 28 July 2026$0.067price · delayed$19.9Mmarket cap · indicative

Dilution grade

Share count grew 183% in 24 months; runway 2–4 quarters; 3 cash raises in 24 months

Cash runway3.1 quarters of funding

Share-count growth (24m)183.3%

Raise cadence (24m)3 cash raises

Options & rights overhang39.7% of shares

In-the-money supply1.0% of shares

Pending proposed issuesnone

PATRIOT RESOURCES LIMITED's ordinary share count grew 183.3% between June 2024 and May 2026, to 293M shares. The company raised capital three times in that period for total disclosed proceeds of A$6.9M, most recently raising A$500K in April 2026. Options and rights on issue could convert into 117M new shares, equal to 39.7% of the current share count, of which 1% are in the money at the current share price; the nearest expiry falls in November 2026. At the March 2026 quarter the company reported A$2.6M in available cash, about 3.1 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026

39.7%

Max option dilution

1.0%

ITM option dilution

Raises · last 12 months

3.1 qtrs

Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue

Weekly counts from ASX records. Dots mark cash capital raises. Latest count 293.2M per ASX (delayed) (28 July 2026).

Cash runway

3.1 qtrs

Two to four quarters of funding at the recent spend rate.

$2.6M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.

Paid plan

Cash runway history

Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.

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Issuance timeline

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

Date	Form	Security	Total on issue after	Source
7 May 2026	2A · quoted issue	PAT : ORDINARY FULLY PAID	293.2M	Appendix 2A
25 Mar 2026	3G · unquoted	PAT : ORDINARY FULLY PAID	274.5M	Appendix 3G
1 Mar 2026	2A · quoted issue	PAT : ORDINARY FULLY PAID	274.5M	Appendix 2A
18 Feb 2026	2A · quoted issue	PAT : ORDINARY FULLY PAID	254.5M	Appendix 2A
18 Feb 2026	3G · unquoted	PAT : ORDINARY FULLY PAID	205.0M	Appendix 3G

Paid plan

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

$500k

Capital raise

8 Apr 2026

Paid plan

Full raise history

Issue price, discount, brokers, purpose and tranche detail for every raise on record.

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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

39.7%

Total overhang · of current shares

1.0%

In the money · at current price

116.5M

Potential new shares

Nov 2026

Nearest expiry

Paid plan

Per-line options & expiry cliffs

Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.

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Director dealings

Date	Director	Type	Shares	Options	Value	Source
19 Feb 2026	Philip Thick	Other	1.1M	—	$50k	3Y notice
13 Feb 2026	Hugh Warner	Other	2.1M	15.0M	$100k	3Y notice
13 Feb 2026	Christopher Hilbrands	Other	—	10.0M	—	3Y notice