Piche Resources Limited Seeks ASX Quotation for New Shares and Options Issued via Cleansing Prospectus

Details of Piche Resources’ Appendix 2A Quotation Application and Its Purpose

On 16 July 2026, Piche Resources Limited lodged an Appendix 2A application requesting ASX quotation for two small tranches of newly issued securities: 100 ordinary fully paid shares under security code PR2 and 100 options expiring 2 May 2027 under security code PR2O. The Appendix 2A is a standard ASX form used to admit new securities to trading on the exchange’s platform. Both tranches relate to existing security classes, so no new security class is introduced through this application.

The securities were issued in connection with a cleansing prospectus lodged on 14 July 2026, with the corresponding Appendix 3B also lodged that day to notify ASX of the securities issue. The cleansing prospectus enables securities issued without a full prospectus to be freely traded by retail investors on the ASX. This application is a procedural but essential step to complete the quotation process for these securities.

Pricing and Consideration for PR2 Shares and PR2O Options

The 100 ordinary fully paid shares (PR2) were issued at $0.03 each in Australian dollars on 16 July 2026, with cash consideration received. The total amount raised from these shares is nominal, reflecting the administrative nature of the cleansing prospectus issue rather than a significant capital raise. The shares rank equally with existing ordinary shares from their issue date.

The 100 options (PR2O) expiring 2 May 2027 were issued on 15 July 2026 at a nominal consideration of $0.00000001 each. These options were issued as part of the cleansing prospectus arrangement rather than for standard cash consideration. They rank equally with existing options of the same class from the issue date. Investors are directed to the cleansing prospectus lodged on 14 July 2026 for detailed terms and purpose of these options.

The Role of the Cleansing Prospectus in the Securities Issuance

A cleansing prospectus, under Section 708A of the Corporations Act 2001, allows securities issued without a full prospectus to be freely traded on the ASX by retail investors. Without it, resale restrictions could limit liquidity for securities placed to wholesale or sophisticated investors. By lodging the cleansing prospectus on 14 July 2026, Piche Resources ensured the newly issued shares and options can be freely traded once quoted.

This is a routine but important legal step for ASX-listed companies that raise capital without a full offer document. The Appendix 2A lodged on 16 July 2026 formally lists those securities on the ASX trading platform. Investors seeking full details should consult the prospectus lodged on 14 July 2026, which complies with Australian Securities and Investments Commission and ASX Listing Rules disclosure requirements.

Piche Resources’ Quoted Securities Following This Quotation

Following this quotation, Piche Resources will have 96,539,533 ordinary fully paid shares (PR2) and 45,579,671 options expiring 2 May 2027 (PR2O) quoted on ASX. These figures, disclosed in Part 4 of the Appendix 2A, reflect the capital structure including the 100 newly quoted shares and 100 options. The company noted these figures are automatically generated and may not represent the current issued capital if other filings are being processed concurrently.

The small number of securities added indicates this is a procedural compliance step rather than a major capital raising event that would significantly affect the shareholder base or dilute existing shareholders.

Unquoted Securities and Restricted Shares Disclosed in Appendix 2A

The filing also reveals unquoted securities forming part of Piche Resources’ issued capital, including 250,000 ordinary fully paid restricted shares (PR2AG) and 43,889,035 restricted shares (PR2AB). These restricted shares are subject to ASX escrow conditions and cannot be traded freely until restrictions expire.

Unquoted options include 22,521,703 expiring 2 May 2027 at $0.25 exercise price (PR2AD), 21,416,665 options at $0.35 (PR2AE), and 21,416,665 options at $0.45 (PR2AF). If exercised before expiry, these could issue additional shares, affecting the company’s fully diluted capital structure. The Appendix 2A does not provide further details on the original grant conditions of these options.

Use of 15% Placement Capacity Under ASX Listing Rule 7.1

The 100 shares and 100 options were issued without shareholder approval, utilizing Piche Resources’ 15% placement capacity under ASX Listing Rule 7.1. This rule allows companies to issue up to 15% of their issued capital within 12 months without approval, subject to conditions. The company did not use exceptions under Listing Rule 7.2 or the additional 10% capacity under Listing Rule 7.1A.

This method is common for minor administrative issuances or cleansing transactions where convening shareholder meetings is impractical. Given the minimal number of securities involved, the dilution impact is negligible. However, investors should note that such issuances reduce available placement capacity for future issues without shareholder approval within the 12-month period.

Disclosure Document and Its Importance in the Securities Issuance

The securities were offered under the cleansing prospectus lodged on 14 July 2026, as confirmed in Part 2 of the Appendix 2A. This date is critical for regulatory compliance, establishing the timeline for the securities’ issue and quotation. The prospectus contains required disclosures under Australian corporations law.

Investors seeking comprehensive information on the securities’ terms, issuance purposes, and risk factors should review the cleansing prospectus. The Appendix 2A serves as a quotation application and does not include detailed operational or financial information. For a full understanding of Piche Resources’ business, investors should consult the prospectus and other ASX announcements.

Investor Considerations Following the Quotation Application

The Appendix 2A lodgement and cleansing prospectus indicate Piche Resources recently completed a securities issue, likely a placement, and is finalizing regulatory steps for free trading on ASX. Investors will likely monitor how the raised capital is deployed and await further updates on operations, project progress, or financial status.

Key upcoming milestones include company announcements detailing use of proceeds and exploration or project updates. The unquoted options expiring 2 May 2027 with exercise prices of $0.25, $0.35, and $0.45 also warrant attention, as their exercise could provide funding or cause dilution depending on market conditions and share price movements. The immediate market impact of this quotation application remains unclear from publicly available data.