PICHE RESOURCES LIMITED

ASX:PR2Not Applic

284.4M shares on issueASX (delayed) · snapshot 11 Sept 2026442.3M fully diluted+55.5% if every option and right converts$0.070price · delayed$19.9Mmarket cap · indicative

Today’s holders own 64.3% of what they think they own, once every option and right converts.

High

Dilution risk

Share count grew 128% in 24 months; 3 cash raises in 24 months; options/rights overhang 56% of shares

Absolute levels — not a ranking against other companies.

Cash runway4.3 quarters of funding

Share-count growth (24m)128.5%measured to the latest Appendix 2A, not to the share count above

Raise cadence (24m)3 cash raises

Options & rights overhang55.5% 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)

PICHE RESOURCES LIMITED’s ordinary share count was 284M as of August 2026. The company has not lodged a quarterly cash report covering a 24-month share-count history, therefore growth over that period is not stated. PICHE RESOURCES LIMITED raised capital three times in the past 24 months for total disclosed proceeds of A$5.5M, most recently a A$3.5M Non-Renounceable Entitlement Offer in July 2026. Options and rights on issue could convert into 158M new shares, equal to 55.5% of the current share count, with none currently in the money; the nearest expiry falls in May 2027. At the June 2026 quarter the company reported A$3.4M in available cash, about 4.3 quarters of funding at its recent spending rate. Three proposed securities issues (Appendix 3B) are pending, with the nearest expected in September 2026.

AI-generated summary of this page's cited filings · updated 8 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.

55.5%

Options & rights overhang

—

In-the-money supply · most strikes not on record

Raises · last 12 months

4.3 qtrs

Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue

Weekly counts from ASX records. Dots mark cash capital raises. Latest count 284.4M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

4.3 qtrs

More than four quarters of funding at the recent spend rate.

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

$3.4M 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: $1.5M cash at quarter end (item 4.6), 1.9 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

8 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 Aug 2026	2A · quoted issue	PR2 : ORDINARY FULLY PAID	281.1M	Appendix 2A
27 Aug 2026	2A · quoted issue	PR2 : ORDINARY FULLY PAID	143.8M	Appendix 2A
16 July 2026	2A · quoted issue	PR2 : ORDINARY FULLY PAID	140.4M	Appendix 2A
16 July 2026	2A · quoted issue	PR2 : ORDINARY FULLY PAID	96.5M	Appendix 2A
1 July 2026	3G · unquoted	ORDINARY FULLY PAID	96.5M	Appendix 3G

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (281.1M) need not equal the current count above (284.4M).

Free account

19 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 4.3 monthsaverage gap between raises

1.6 monthssince the most recent

7 Nov 2025 – 24 July 2026first to most recent in this window

$3.5M

Non-Renounceable Entitlement Offer

24 July 2026 ACTIVE

Free account

3 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

Retail offer

An offer existing holders can take part in — the one structural advantage retail has in a raise. Dated recently and not yet recorded as complete.

Entitlement offer

dated 24 July 2026 · 50 days ago

Non-Renounceable Entitlement Offer

Closing dates are not in the filings this site holds. Check the company's own announcement below before acting on this.

Free account

Offer terms

The offer price, and how it compares with the last traded price.

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

7 dated events 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.

About 19% of the 15% placement capacity left — about 81% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.

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

3 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.

Paid plan

3 pending issues on record — Pending issue detail

Size, price, fees, broker and placement-capacity usage for each pending issue.

Unlocks on a paid plan

See plans

Options & convertible securities

55.5%

Options & rights overhang · of current shares

—

In-the-money supply · most strikes not on record

157.8M

Potential new shares

May 2027

Nearest expiry

What a price move would switch on

An exercise price is on record for only 27.1% 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 $0.070 today. No more priced supply until 5× today’s price, which takes it to 21.4M (7.5% 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.
115.0M (72.9% 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.

Code	Security	Type	Exercise price	Expiry	On issue	Source
PR2O	Options	Price-triggered	—	2 May 2027	68.1M	Filing
PR2AE	Options	Price-triggered	$0.35	2 May 2027	21.4M	Filing
PR2AF	Options	Price-triggered	$0.45	2 May 2027	21.4M	Filing
PR2OA	Options	Price-triggered	—	28 Aug 2029	46.9M	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.

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.

PR2AHCondition-triggered6.0M securities → 021 Apr 2026 Appendix 2A

Free account

4 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.

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

Create free account See plans

Director dealings

Date	Director	Type	Shares	Options	Other	Value	Source
28 Aug 2026	Stanley Allan Macdonald	Other entitlement/SPP	9.0M	8.0M	—	—	3Y notice
28 Aug 2026	Stephen Thomas Mann	Other	2.8M	917k	—	—	3Y notice
29 June 2026	Pablo Marcet	Other	500k	1000k	—	—	3Y notice