Companies / PSL

PATERSON RESOURCES LTD

ASX:PSLMaterials
552.2M shares on issueASX (delayed) · as of 28 July 2026$0.037price · delayed$17.7Mmarket cap · indicative
C
Dilution grade

Options/rights overhang 69% of shares; runway 4–8 quarters; 29% of shares in the money

Cash runway5.6 quarters of funding
Share-count growth (24m)14.0%
Raise cadence (24m)1 cash raise
Options & rights overhang69.2% of shares
In-the-money supply29.3% of shares
Pending proposed issuesnone

PATERSON RESOURCES LTD's ordinary share count grew 14.0% between September 2025 and June 2026, to 552M shares. The company raised capital once in the 24‑month window, a Placement and Entitlement Offer in August 2025 raising A$1.7M, total proceeds A$1.7M. Options and rights on issue could convert into 382M new shares, equal to 69.2% of the current share count, of which 29% are in the money at the current share price; the nearest expiry is November 2026. At the March 2026 quarter the company reported A$1.8M in available cash, covering 5.6 quarters at its recent spend rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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69.2%
Max option dilution
29.3%
ITM option dilution
1
Raises · last 12 months
5.6 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 552.2M per ASX (delayed) (28 July 2026).
476.2M504.1M532.0MDec 24Sept 25July 26Cash raise · 12 Aug 2025

Cash runway

5.6 qtrs
More than four quarters of funding at the recent spend rate.
$1.8M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
18 June 20262A · quoted issuePSL : ORDINARY FULLY PAID552.2MAppendix 2A
10 Feb 20262A · quoted issuePSL : ORDINARY FULLY PAID548.5MAppendix 2A
28 Dec 20252A · quoted issuePSL : ORDINARY FULLY PAID526.2MAppendix 2A
28 Dec 20252A · quoted issuePSL : ORDINARY FULLY PAID548.4MAppendix 2A
28 Dec 20253G · unquotedORDINARY FULLY PAID526.2MAppendix 3G
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$1.7M
Placement and Entitlement Offer
12 Aug 2025 ACTIVE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

69.2%
Total overhang · of current shares
29.3%
In the money · at current price
382.0M
Potential new shares
Nov 2026
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
18 June 2026Matthew BullOther3.3M——3Y notice
24 Dec 2025Matthew BullOther22.2M——3Y notice
2 Dec 2025Matthew BullOther10.0M——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

13 July 2026Becoming a substantial holder
3 July 2026Legal Claim by Drilling Contractor
18 June 2026Change of Director's Interest Notice
18 June 2026Cleansing Statement
18 June 2026Application for quotation of securities - PSL
2 June 2026$PSignificant MRE Update to 200,000oz Au at Grace Gold Project
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 Apr 2026Initial Director's Interest Notice
24 Apr 2026Final Director's Interest Notice
23 Apr 2026Board Changes
25 Mar 2026$PPhase I Assays Continue to Shine
16 Mar 2026Half Yearly Report and Accounts
4 Mar 2026$PResponse to ASX Price and Volume Query
24 Feb 2026$PFurther High-Grade Shallow Gold Results Returned
10 Feb 2026Cleansing Statement
10 Feb 2026Application for quotation of securities - PSL
9 Feb 2026$PInitial Assays Confirm Zones of Shallow Gold Mineralisation
30 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 Jan 2026$PResponse to ASX Price and Volume Query
28 Jan 2026Final Director's Interest Notice

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.