Companies / PLC

PLC RESOURCES LIMITED

ASX:PLCMaterials
1.17B shares on issueASX (delayed) · snapshot 11 Sept 20261.63B fully diluted+38.7% if every option and right converts$0.008price · delayed$9.4Mmarket cap · indicative

Today’s holders own 72.1% of what they think they own, once every option and right converts.

Very high
Dilution risk

Share count grew 572% in 24 months; runway 2–4 quarters; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway2.0 quarters of funding
Share-count growth (24m)572.2%
Raise cadence (24m)4 cash raises
Options & rights overhang38.7% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesopen proposed issue (Appendix 3B)

PLC RESOURCES LIMITED's ordinary share count grew 572.2% between February 2024 and June 2026, to 1.17 billion shares. The company raised capital four times within the past 24 months for total disclosed proceeds of A$6.2M, most recently a A$1.8M placement in May 2026. Options and rights on issue could convert into 454M new shares, equal to 38.7% of the current share count, with the nearest expiry in January 2027; none of these are currently in the money. At the June 2026 quarter the company reported A$1.8M in available cash, sufficient for approximately 2.1 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.

AI-generated summary of this page's cited filings · updated 3 Sept 2026
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38.7%
Options & rights overhang
—
In-the-money supply · most strikes not on record
3
Raises · last 12 months
2.0 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 1.17B per ASX (delayed) (snapshot 11 Sept 2026).
0.25B0.50B0.75B1.00B1.25BDec 24Oct 25Sept 26Cash raise · 13 May 2026Cash raise · 27 Jan 2026Cash raise · 8 Oct 20251.17B

Cash runway

2.0 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about Dec 2026 at the reported spend rate.
$1.8M 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: $2.5M cash at quarter end (item 4.6), 3.3 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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10 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
7 July 20263H · cancellationPLC : ORDINARY FULLY PAID1.17BAppendix 3H
19 June 20263H · cancellationPLC : ORDINARY FULLY PAID1.17BAppendix 3H
19 June 20262A · quoted issuePLC : ORDINARY FULLY PAID1.17BAppendix 2A
25 May 20262A · quoted issuePLC : ORDINARY FULLY PAID1.17BAppendix 2A
25 May 20263H · cancellationPLC : ORDINARY FULLY PAID947.7MAppendix 3H
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25 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 · 3 in the last 12 months

every 6.1 monthsaverage gap between raises
4 monthssince the most recent
5 Nov 2024 – 13 May 2026first to most recent in this window
$1.8M
Placement
13 May 2026 COMPLETE
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5 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.

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9 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.

No estimate — the filings already exceed 15% of the share count we can measure, which means securities were added to the base during the year that we cannot see.
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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

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

38.7%
Options & rights overhang · of current shares
—
In-the-money supply · most strikes not on record
454.4M
Potential new shares
Jan 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered403.2M · 34.4% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 228.0M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered51.1M · 4.4% 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: 175.3M priced, 279.1M 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
227.2M454.4M$0.008 now0.25× today ($0.002) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.008) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.010) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.012) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.016) — 7.5M of the priced supply in the money, 0.6% of shares on issue3× today ($0.024) — 135.3M of the priced supply in the money, 11.5% of shares on issue5× today ($0.040) — 135.3M of the priced supply in the money, 11.5% of shares on issue10× today ($0.080) — 147.8M of the priced supply in the money, 12.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

An exercise price is on record for only 38.6% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.008 today. At double today’s price it is 7.5M (0.6% 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.
  • 279.1M (61.4% 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.
  • 27.5M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
CodeSecurityTypeExercise priceExpiryOn issueSource
PLCAKOptionsPrice-triggered$0.07525 Jan 20276.0MFiling
PLCALOptionsPrice-triggered$0.08825 Jan 20278.0MFiling
PLCAMOptionsPrice-triggered$0.1025 Jan 202712.0MFiling
PLCANOptionsPrice-triggered$0.1026 Jan 20277.5MFiling
PLCAPOptionsPrice-triggered$0.0451 June 20276.5MFiling
PLCAROptionsPrice-triggered$0.01624 Dec 2027120.3MFiling
PLCASOptionsPrice-triggered$0.01520 Feb 20297.5MFiling
PLCATOptionsPrice-triggered$0.02020 Feb 20297.5MFiling
PLCACPerformance rightsCondition-triggered——4.2MFiling
PLCADPerformance rightsCondition-triggered——46.9MFiling
PLCOOptionsPrice-triggered——228.0MFiling

“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.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • PLCAQCondition-triggered5.5M securities → 019 Jan 2026 Appendix 2A
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11 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
25 May 2026Dale HannaOther incentive20.1M——$197k3Y notice
25 May 2026Jason FroudOther incentive——2.5M$25k3Y notice
25 May 2026Simon PhillipsOther incentive20.1M——$197k3Y notice
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7 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

7 Sept 2026Corporate Update
1 Sept 2026$PTargeted Drilling to Commence at Rochefort Gold Prospect
30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
22 July 2026$PRochefort Drilling Points to Potential Gold System
7 July 2026Notification of cessation of securities - PLC
1 July 2026$PHigh-Priority Gold Exploration Targets at Abbotts North
19 June 2026Cleansing Notice
19 June 2026Application for quotation of securities - PLC
19 June 2026Notification of cessation of securities - PLC
8 June 2026$PAirborne Geophysical Survey Commences at Abbotts North
27 May 2026Co-funded Geophysics Grant - Abbotts North Gold Project
25 May 2026$PRC Drilling Completed at Rochefort Gold Prospect
25 May 2026Change of Director's Interest Notice (x3)
25 May 2026Cleansing Notice
25 May 2026Notification regarding unquoted securities - PLC
25 May 2026Notification of cessation of securities - PLC
25 May 2026Application for quotation of securities - PLC
18 May 2026$PMaiden RC drilling commences at Rochefort Gold Prospect
18 May 2026$P$1.8 Million Raised to Advance Gold Exploration
18 May 2026Proposed issue of securities - PLC

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