PLC RESOURCES LIMITED
ASX:PLCMaterialsToday’s holders own 73.4% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 584% in 24 months; 4 cash raises in 24 months
PLC RESOURCES LIMITED's ordinary share count grew 584.4% between February 2024 and October 2026, its latest share-count filing, to 1.19B shares. The company raised capital four times in 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 433M new shares, equal to 36.2% of the current share count, none of which are in the money at the current share price; the nearest expiry is in January 2027. The company has under 2 quarters of funding at the recent spend rate. One proposed securities issue is pending, with an expected issue date in November 2026.
Quick answers · 5
Is PLC raising capital?
PLC Resources has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $1.8M on 18 May 2026.
How much placement capacity does PLC have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
How much cash does PLC have?
In its quarterly cash report for the quarter ended 30 June 2026, PLC Resources reported $2.5M of cash and estimated 3.3 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do PLC's options expire?
Unexercised options and rights equal 36.2% of PLC Resources's shares on issue; the nearest expiry is Jan 2027.
How much has PLC's share count grown?
PLC Resources has 1.19B shares on issue as at 28 Oct 2026, up 584.4% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
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)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 5 Oct 2026 | 2A · quoted issue | PLC : ORDINARY FULLY PAID | 1.19B | Appendix 2A |
| 7 July 2026 | 3H · cancellation | PLC : ORDINARY FULLY PAID | 1.17B | Appendix 3H |
| 19 June 2026 | 3H · cancellation | PLC : ORDINARY FULLY PAID | 1.17B | Appendix 3H |
| 19 June 2026 | 2A · quoted issue | PLC : ORDINARY FULLY PAID | 1.17B | Appendix 2A |
| 25 May 2026 | 2A · quoted issue | PLC : ORDINARY FULLY PAID | 1.17B | Appendix 2A |
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.
Capital raises
4 cash raises in the last 24 months · 2 in the last 12 months
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 / 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.
Pending proposed issues
Options & convertible securities
- Price-triggered403.2M · 33.7% of sharesOptions 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-triggered29.8M · 2.5% 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: 175.3M priced, 257.8M 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.
An exercise price is on record for only 40.5% 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 $0.005 today. No more priced supply until 5× today’s price, which takes it to 135.3M (11.3% 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.
- 257.8M (59.5% 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.
- 33.5M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| PLCAK | Options | Price-triggered | $0.075 | 25 Jan 2027 | 6.0M | Filing |
| PLCAL | Options | Price-triggered | $0.088 | 25 Jan 2027 | 8.0M | Filing |
| PLCAM | Options | Price-triggered | $0.10 | 25 Jan 2027 | 12.0M | Filing |
| PLCAN | Options | Price-triggered | $0.10 | 26 Jan 2027 | 7.5M | Filing |
| PLCAP | Options | Price-triggered | $0.045 | 1 June 2027 | 6.5M | Filing |
| PLCAR | Options | Price-triggered | $0.016 | 24 Dec 2027 | 120.3M | Filing |
| PLCO | Options | Price-triggered, no exercise price stated | — | 6 Nov 2028 | 228.0M | Filing |
| PLCAS | Options | Price-triggered | $0.015 | 20 Feb 2029 | 7.5M | Filing |
| PLCAT | Options | Price-triggered | $0.020 | 20 Feb 2029 | 7.5M | Filing |
| PLCAC | Performance rights | Condition-triggered | — | — | 4.2M | Filing |
| PLCAD | Performance rights | Condition-triggered | — | — | 25.6M | 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. For what expires soon across other listed companies, see the options expiry calendar.
- PLCAQCondition-triggered5.5M securities → 019 Jan 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 5 Oct 2026 | Dale Hanna | Other incentive | 10.1M | — | 10.0M | — | 3Y notice |
| 5 Oct 2026 | Jason Froud | Other incentive | 1.3M | — | 2.5M | — | 3Y notice |
| 5 Oct 2026 | Simon Phillips | Other incentive | 10.1M | — | 10.0M | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.