WESTERN RIDGE RESOURCES LIMITED
ASX:WRXMaterialsToday’s holders own 87.4% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 22% in 24 months; 4 cash raises in 24 months; since relisting as WRX; prior history under SUM not included
WESTERN RIDGE RESOURCES LIMITED, which began trading under its current code in March 2026, recorded a 21.5% increase in ordinary shares between March 2026 and August 2026, its latest share-count filing, to 192M shares. In the 24-month window the company conducted four capital raises totalling A$4.4M, most recently a A$1.3M placement in October 2026. Options and rights on issue could convert into 28M new shares, representing 14.5% of the current share count, of which 3% are in the money at the current share price; the nearest expiry falls in December 2026. The company has under 2 quarters of funding at the recent spend rate. Four proposed securities issues (Appendix 3B) are pending, with the earliest expected in November 2026.
Quick answers · 3
Why was WRX in a trading halt?
Western Ridge Resources requested a trading halt on 29 Sept 2026, giving the reason "Pending announcement on capital raising and acquisition". Trading was expected to resume 1 Oct 2026.
Is WRX raising capital?
Western Ridge Resources has 4 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $1.3M on 1 Oct 2026.
When do WRX's options expire?
Unexercised options and rights equal 14.5% of Western Ridge Resources's shares on issue; the nearest expiry is Dec 2026.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 2 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 |
|---|---|---|---|---|
| 19 Aug 2026 | 2A · quoted issue | WRX : ORDINARY FULLY PAID | 191.9M | Appendix 2A |
| 4 Mar 2026 | 2A · quoted issue | WRX : ORDINARY FULLY PAID | 157.9M | 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 · 2 in the last 12 months · counted since relisting as WRX (2 Mar 2026); prior history under SUM is not included
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- November 2026 · Two field programmes and RC drilling (planned)
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
- Price-triggered11.1M · 5.8% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered16.6M · 8.7% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 11.1M priced (of which 5.0M in the money), 16.6M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
At $0.068 today, 5.0M securities are in the money (2.6% of shares on issue) — a floor, because an exercise price is on record for only 40.1% of this supply. No more priced supply until 5× today’s price, which takes it to 9.1M (4.8% 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.
- 16.6M (59.9% 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 |
|---|---|---|---|---|---|---|
| WRXAAB | Options | Price-triggered | $0.22 | 29 Dec 2026 | 2.0M | Filing |
| WRXAAA | Options | Price-triggered | $0.25 | 29 Dec 2026 | 1.0M | Filing |
| WRXAAE | Options | Price-triggered | $0.25 | 3 Oct 2027 | 125k | Filing |
| WRXAAD | Options | Price-triggered | $0.40 | 31 Dec 2027 | 2.0M | Filing |
| WRXAE | Options | Price-triggered | $0.22 | 23 Apr 2028 | 1.0M | Filing |
| WRXAG | Options | Price-triggered | $0.045 | 8 Dec 2028 | 5.0M | Filing |
| WRXAAC | Performance rights | Condition-triggered | — | — | 16.6M | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 15 May 2026 | Peter Allen | Buy on-market | 260k | — | 2.1M | — | 3Y notice |
| 14 May 2026 | Peter Allen | Buy on-market | 260k | — | 2.1M | — | 3Y notice |
| 13 May 2026 | Peter Allen | Buy on-market | 260k | — | 2.1M | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.