PURE RESOURCES LIMITED

ASX:PR1Materials

71.6M shares on issueASX (delayed) · snapshot 11 Sept 2026116.9M fully diluted+63.3% if every option and right converts$0.33price · delayed$23.6Mmarket cap · indicative

Today’s holders own 61.2% of what they think they own, once every option and right converts.

Very high

Dilution risk

Share count grew 63% in 24 months; runway 2–4 quarters; 3 cash raises in 24 months

Absolute levels — not a ranking against other companies.

Cash runway3.1 quarters of funding

Share-count growth (24m)63.0%

Raise cadence (24m)3 cash raises

Options & rights overhang63.3% of shares

In-the-money supplyno data — no exercise price on record

Pending proposed issuesopen proposed issue (Appendix 3B)

PURE RESOURCES LIMITED's ordinary share count grew 63.0% between August 2024 and July 2026, to 72M shares. In the past 24 months, the company completed three capital raises totalling A$4.7M, with the most recent being a A$3.0M placement in March 2026. Options on issue represent a potential increase of 45M shares, equivalent to 63.3% of the current share count, with the nearest expiry in December 2028; none of these options are currently in the money. As of June 2026, the company reported A$2.9M in available cash, sufficient for approximately 3.1 quarters at its recent spending rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 9 Sept 2026

Get told when this changes

Set up alerts

Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.

63.3%

Options & rights overhang

—

In-the-money supply · no stated strikes

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 71.6M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

3.1 qtrs

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

Funds operations to about Mar 2027 at the reported spend rate.

$2.9M 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: $3.7M cash at quarter end (item 4.6), 6.1 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.

Free account

11 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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Issuance timeline

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

Date	Form	Security	On issue, per this filing	Source
28 July 2026	2A · quoted issue	PR1 : ORDINARY FULLY PAID	71.6M	Appendix 2A
28 May 2026	2A · quoted issue	PR1 : ORDINARY FULLY PAID	57.8M	Appendix 2A
28 May 2026	2A · quoted issue	PR1 : ORDINARY FULLY PAID	69.8M	Appendix 2A
28 May 2026	2A · quoted issue	PR1 : ORDINARY FULLY PAID	58.0M	Appendix 2A
28 May 2026	2A · quoted issue	PR1 : ORDINARY FULLY PAID	59.3M	Appendix 2A

Free account

16 filings on record — Full issuance history

Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Capital raises

3 cash raises in the last 24 months · 3 in the last 12 months

every 2.1 monthsaverage gap between raises

5.6 monthssince the most recent

19 Nov 2025 – 25 Mar 2026first to most recent in this window

$3.0M

Placement

25 Mar 2026 COMPLETE

Free account

7 raises on record — Full raise history

Issue price, shares issued, brokers and stated purpose for every raise on record.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

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.

Free account

1 dated event on record — Forward supply calendar

Option expiries and proposed issues on one forward timeline, with the securities each could add.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

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. The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure.

Free account

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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

63.3%

Options & rights overhang · of current shares

—

In-the-money supply · no stated strikes

45.3M

Potential new shares

Dec 2028

Nearest expiry

What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 45.3M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

Code	Security	Type	Exercise price	Expiry	On issue	Source
PR1OC	Options	Price-triggered	—	11 Dec 2028	45.3M	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.

Free account

1 option line 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.

Free account: 2 full company unlocks every month, no card.

Create free account See plans