Companies / RR1

REACH RESOURCES LIMITED

ASX:RR1Materials
1.32B shares on issueASX (delayed) · snapshot 11 Sept 20261.76B fully diluted+32.8% if every option and right converts$0.013price · delayed$17.2Mmarket cap · indicative

Today’s holders own 75.3% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Share count grew 51% in 24 months; options/rights overhang 33% of shares; 2 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)51.4%
Raise cadence (24m)2 cash raises
Options & rights overhang32.8% 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)

REACH RESOURCES LIMITED's ordinary share count grew 51.4% between May 2024 and June 2026, to 1.32B shares following a share consolidation. In the past 24 months, the company completed two capital raises totalling A$4.0M, with the most recent being a A$900K placement in May 2026. Options on issue could convert into 435M new shares, representing 32.8% of the current share count, with the nearest expiry in December 2026. As of the June 2026 quarter, the company reported A$7.9M in available cash and non-negative net cash flow, meaning no funding-runway figure applies. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.

AI-generated summary of this page's cited filings · updated 10 Sept 2026
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32.8%
Options & rights overhang
—
In-the-money supply · most strikes not on record
2
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.32B per ASX (delayed) (snapshot 11 Sept 2026).
0.9B1.0B1.1B1.2B1.3BDec 24Oct 25Sept 26Cash raise · 18 May 2026Cash raise · 26 Mar 20261.32B

Cash runway

—
The latest quarterly report shows no net cash burn, so there is no cash-out date.
$7.9M 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: $6.5M cash at quarter end (item 4.6), 98.9 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.
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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.
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Issuance timeline

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

DateFormSecurityOn issue, per this filingSource
17 June 20262A · quoted issueRR1 : ORDINARY FULLY PAID1.32BAppendix 2A
12 June 20262A · quoted issueRR1 : ORDINARY FULLY PAID1.22BAppendix 2A
12 June 20262A · quoted issueRR1 : ORDINARY FULLY PAID1.07BAppendix 2A
27 Apr 20262A · quoted issueRR1 : ORDINARY FULLY PAID966.2MAppendix 2A
19 Apr 20263H · cancellationRR1 : ORDINARY FULLY PAID874.4MAppendix 3H
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20 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

2 cash raises in the last 24 months · 2 in the last 12 months

every 1.7 monthsaverage gap between raises
3.8 monthssince the most recent
26 Mar 2026 – 18 May 2026first to most recent in this window
$900k
Placement
18 May 2026 COMPLETE
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3 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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7 dated events on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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 24% of the 15% placement capacity left — about 76% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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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.
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Pending proposed issues

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

32.8%
Options & rights overhang · of current shares
—
In-the-money supply · most strikes not on record
434.9M
Potential new shares
Dec 2026
Nearest expiry
What a price move would switch on
217.5M434.9M$0.013 now0.25× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.010) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.013) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.016) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.019) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.026) — 32.0M of the priced supply in the money, 2.4% of shares on issue3× today ($0.039) — 69.0M of the priced supply in the money, 5.2% of shares on issue5× today ($0.065) — 69.0M of the priced supply in the money, 5.2% of shares on issue10× today ($0.130) — 69.0M of the priced supply in the money, 5.2% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

An exercise price is on record for only 15.9% 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 $0.013 today. At double today’s price it is 32.0M (2.4% 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.
  • 365.9M (84.1% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
RR1AJOptionsPrice-triggered$0.03731 Dec 20265.0MFiling
RR1OAOptionsPrice-triggered—15 Apr 2027365.9MFiling
RR1ALOptionsPrice-triggered$0.02030 Nov 202722.0MFiling
RR1AMOptionsPrice-triggered$0.03030 Nov 202722.0MFiling
RR1ABOptionsPrice-triggered$0.0201 Apr 202810.0MFiling
RR1ANOptionsPrice-triggered$0.0301 Apr 202810.0MFiling

“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.
  • RR1ADCondition-triggered3.4M securities → 019 Apr 2026 Appendix 2A
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6 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.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
28 Apr 2026Matthew O'KaneOther240k6.0M—$2k3Y notice
28 Apr 2026Robert DowneyOther320k7.0M—$3k3Y notice
28 Apr 2026Sam WrightOther320k6.0M—$3k3Y notice
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9 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

24 Aug 2026Grade Control Drill Program Commenced - Murchison South
17 Aug 2026$PAndel Exercises Option & Completes DD - Fast-Tracking Mining
17 Aug 2026Proposed issue of securities - RR1
23 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
17 June 2026Section 708A Notice
17 June 2026Application for quotation of securities - RR1
15 June 2026$PAdditional Funding from Sale of Non-Core Assets
12 June 2026Becoming a substantial holder
12 June 2026Section 708A Notice
12 June 2026Application for quotation of securities - RR1
12 June 2026Application for quotation of securities - RR1
11 June 2026$PPositioned for Growth
2 June 2026$PREEcycle To List on Nasdaq
2 June 2026$PTrading Halt
2 June 2026$PPause in Trading
17 May 2026Proposed issue of securities - RR1
17 May 2026$PMurchison South Fully Funded to Production
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026Change of Director's Interest Notice x3
27 Apr 2026$PRights Issue & Shortfall

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.