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; options/rights overhang 6% of shares; recent proposed issue, issue not on record
BEACON MINERALS LIMITED's ordinary share count grew 10.1% between November 2024 and October 2026, its latest share-count filing, adjusted for a 1-for-40 share consolidation in July 2025, to 116M shares. The company has not raised capital through any placement, rights issue or share purchase plan in that period, and no proposed securities issues are currently pending. Options and rights on issue could convert into 6M new shares, equal to 5.5% of the current share count, with none in the money at the current share price; the nearest expiry falls in November 2029. The latest cash report is a half-year/annual report and shows non-negative net cash flow, so no funding-runway figure applies.
Quick answers · 2
How much placement capacity does BCN have left?
About 72% of the 15% placement capacity left, about 28% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
When do BCN's options expire?
Unexercised options and rights equal 5.5% of Beacon Minerals's shares on issue; the nearest expiry is Nov 2029.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 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 |
|---|---|---|---|---|
| 16 Oct 2026 | 3H · cancellation | BCN : ORDINARY FULLY PAID | 116.4M | Appendix 3H |
| 16 Oct 2026 | 3G · unquoted | BCN : ORDINARY FULLY PAID | 116.4M | Appendix 3G |
| 16 Oct 2026 | 2A · quoted issue | BCN : ORDINARY FULLY PAID | 116.4M | Appendix 2A |
| 13 Oct 2026 | 2A · quoted issue | BCN : ORDINARY FULLY PAID | 116.4M | Appendix 2A |
| 16 Sept 2026 | 2A · quoted issue | BCN : ORDINARY FULLY PAID | 116.4M | 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
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
At $2.62 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 3.0M (2.6% 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.
- 2.6M (41.2% 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, no exercise price stated | — | 5 Nov 2029 | 2.6M | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 5 Oct 2026 | Graham McGarry | Buy on-market | 36k | — | — | — | 3Y notice |
| 24 July 2026 | Graham McGarry | Other off-market | 5.2M | — | — | — | 3Y notice |
| 29 June 2026 | Geoffrey Greenhill | Buy | 745k | 745k | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.