BEACON MINERALS LIMITED
ASX:BCNMaterialsToday’s holders own 94.8% of what they think they own, once every option and right converts.
Share count grew 10% in 24 months; 1 cash raise in 24 months; options/rights overhang 6% of shares
BEACON MINERALS LIMITED underwent an approximately 1-for-40 share consolidation in July 2025. Following this, its ordinary share count increased by 10.1% between November 2024 and September 2026, reaching 116M shares. In the past 24 months, the company completed one capital raise, a Non-Renounceable Entitlement Issue of A$10.3M in September 2024. At present, options and rights on issue could convert into 6M new shares, representing 5.5% of the current share count, with 2% of these in the money; the nearest expiry date for these options is November 2029. There is no current quarterly cash report on record, therefore no funding runway figure is disclosed. No proposed securities issues are pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 10 Sept 2026 | 2A · quoted issue | BCN : ORDINARY FULLY PAID | 116.4M | Appendix 2A |
| 20 Aug 2026 | 2A · quoted issue | BCN : ORDINARY FULLY PAID | 116.3M | Appendix 2A |
| 5 Aug 2026 | 2A · quoted issue | BCN : ORDINARY FULLY PAID | 116.3M | Appendix 2A |
| 14 July 2026 | 2A · quoted issue | BCN : ORDINARY FULLY PAID | 115.3M | Appendix 2A |
| 13 July 2026 | 2A · quoted issue | BCN : ORDINARY FULLY PAID | 116.3M | Appendix 2A |
Capital raises
1 cash raise in the last 24 months · 0 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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $3.63 today, 2.5M securities are in the money (2.1% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 3.3M (2.8% 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.
- 2.7M (41.4% 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 |
|---|---|---|---|---|---|---|
| BCNOD | Options | Price-triggered | — | 5 Nov 2029 | 2.7M | Filing |
| BCNAE | Options | Price-triggered | $3.51 | 30 Nov 2029 | 2.5M | Filing |
| BCNAF | Options | Price-triggered | $3.65 | 10 Dec 2029 | 500k | Filing |
| BCNAG | Options | Price-triggered | $6.11 | 2 Feb 2030 | 500k | Filing |
| BCNAH | Options | Price-triggered | $4.19 | 24 Mar 2030 | 250k | 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 24 July 2026 | Graham McGarry | Other off-market | 5.2M | — | — | — | 3Y notice |
| 29 June 2026 | Geoffrey Greenhill | Buy | 745k | 745k | — | — | 3Y notice |
| 19 June 2026 | Graham McGarry | Other | 200k | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.