PICHE RESOURCES LIMITED
ASX:PR2Fund / trustToday’s holders own 59.1% of what they think they own, once every option and right converts.
Share count grew 181% in 24 months; 4 cash raises in 24 months; options/rights overhang 69% of shares
PICHE RESOURCES LIMITED's ordinary share count grew 181.3% between January 2025 and October 2026, its latest share-count filing, to 346M shares. The company raised capital four times within the 24-month window, with total disclosed proceeds of A$5.6M, most recently a A$1.1M placement in September 2026. Options and rights on issue could convert into 239M new shares, representing 69.1% of the current share count, none of which are in the money, with the nearest expiry in May 2027. Cash on hand provided more than 4 quarters of funding at the recent spend rate as of its June 2026 quarter. No proposed securities issues are currently pending.
Quick answers · 5
When did PR2 last raise capital?
The last capital raise in Piche Resources's filings is Placement of $1.1M announced 24 Sept 2026, one of 4 cash raises in 24 months.
How much placement capacity does PR2 have left?
About 51% of the 15% placement capacity left, about 49% used in 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 PR2 have?
In its quarterly cash report for the quarter ended 30 June 2026, Piche Resources reported $1.5M of cash and estimated 1.9 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do PR2's options expire?
Unexercised options and rights equal 69.1% of Piche Resources's shares on issue; the nearest expiry is May 2027.
How much has PR2's share count grown?
Piche Resources has 346.4M shares on issue as at 9 Oct 2026, up 181.3% 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 |
|---|---|---|---|---|
| 9 Oct 2026 | 2A · quoted issue | PR2 : ORDINARY FULLY PAID | 346.2M | Appendix 2A |
| 6 Oct 2026 | 2A · quoted issue | PR2 : ORDINARY FULLY PAID | 346.2M | Appendix 2A |
| 1 Oct 2026 | 2A · quoted issue | PR2 : ORDINARY FULLY PAID | 285.1M | Appendix 2A |
| 1 Oct 2026 | 2A · quoted issue | PR2 : ORDINARY FULLY PAID | 284.4M | Appendix 2A |
| 1 Oct 2026 | 2A · quoted issue | PR2 : ORDINARY FULLY PAID | 340.0M | Appendix 2A |
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 (346.2M) need not equal the current count above (346.4M).
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 · 4 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
An exercise price is on record for only 17.9% 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 $0.027 today. No price up to ten times today’s switches on any more priced supply.
- 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.
- 196.6M (82.1% 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.
- 42.8M 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 |
|---|---|---|---|---|---|---|
| PR2O | Options | Price-triggered, no exercise price stated | — | 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, no exercise price stated | — | 28 Aug 2029 | 128.5M | 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.
- PR2AHCondition-triggered6.0M securities → 021 Apr 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 1 Oct 2026 | Gerard O'Donovan | Other | 3.7M | — | — | — | 3Y notice |
| 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 |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.