REDCASTLE RESOURCES LIMITED
ASX:RC1MaterialsToday’s holders own 69.5% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 174% in 24 months; 4 cash raises in 24 months
Between October 2024 and August 2026, REDCASTLE RESOURCES LIMITED's latest share-count filing, its ordinary shares grew 174.3%, after adjusting for the approximately 1-for-10 share consolidation effected in November 2025; the adjusted latest count stands at 135M shares. The company completed four capital raisings in that period for total proceeds of A$6.3M, the most recent being a A$2.0M placement in May 2026. Options and rights could convert into 59M new shares (43.9% of current shares), with 12% in the money and the nearest expiry in February 2028. The company has under 2 quarters of funding at the recent spend rate. No proposed securities issues are pending.
Quick answers · 3
When did RC1 last raise capital?
The last capital raise in Redcastle Resources's filings is Placement of $2.0M announced 20 May 2026, one of 4 cash raises in 24 months.
How much cash does RC1 have?
In its quarterly cash report for the quarter ended 30 June 2026, Redcastle Resources reported $1.8M of cash and estimated 2.2 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do RC1's options expire?
Unexercised options and rights equal 43.9% of Redcastle Resources's shares on issue; the nearest expiry is Feb 2028.
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 |
|---|---|---|---|---|
| 10 Aug 2026 | 2A · quoted issue | RC1 : ORDINARY FULLY PAID | 134.8M | Appendix 2A |
| 10 Aug 2026 | 3G · unquoted | RC1 : ORDINARY FULLY PAID | 134.5M | Appendix 3G |
| 15 June 2026 | 2A · quoted issue | RC1 : ORDINARY FULLY PAID | 134.5M | Appendix 2A |
| 28 May 2026 | 2A · quoted issue | RC1 : ORDINARY FULLY PAID | 134.0M | Appendix 2A |
| 9 Mar 2026 | 2A · quoted issue | RC1 : ORDINARY FULLY PAID | 120.0M | 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 · 1 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
At $0.075 today, 15.5M securities are in the money (11.5% of shares on issue) — a floor, because an exercise price is on record for only 42.2% of this supply. No more priced supply until 1.5× today’s price, which takes it to 24.0M (17.8% 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.
- 34.3M (57.8% 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 |
|---|---|---|---|---|---|---|
| — | Options | Price-triggered | $0.001 | 10 Feb 2028 | 11.0M | Filing |
| — | Options | Price-triggered | $0.001 | 10 Aug 2028 | 4.5M | Filing |
| RC1OA | Options | Price-triggered, no exercise price stated | — | 7 Oct 2028 | 34.3M | Filing |
| RC1AF | Options | Price-triggered | $0.10 | 30 Oct 2028 | 4.1M | Filing |
| RC1AI | Options | Price-triggered | $0.20 | 1 Dec 2028 | 500k | Filing |
| RC1AJ | Options | Price-triggered | $0.30 | 1 Dec 2028 | 500k | Filing |
| RC1AH | Options | Price-triggered | $0.10 | 30 Oct 2029 | 4.3M | 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. For what expires soon across other listed companies, see the options expiry calendar.
- RC1AGPrice-triggered33.3M securities → 012 Jan 2026 Appendix 2A
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 10 Aug 2026 | Ray Shaw | Other placement | 107k | 1.5M | — | — | 3Y notice |
| 10 Aug 2026 | Ronald Miller | Other placement | 143k | 3.5M | — | — | 3Y notice |
| 10 Aug 2026 | Xusheng Ke (Sean) | Other placement | 71k | 3.5M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.