Companies / BSX

BLACKSTONE MINERALS LIMITED

ASX:BSXMaterials
1.72B shares on issueASX (delayed) · as of 28 July 2026$0.044price · delayed$74.0Mmarket cap · indicative
C
Dilution grade

Share count grew 227% in 24 months; 3 cash raises in 24 months; options/rights overhang 16% of shares

Cash runway11.9 quarters of funding
Share-count growth (24m)227.1%
Raise cadence (24m)3 cash raises
Options & rights overhang15.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BLACKSTONE MINERALS LIMITED's ordinary share count grew 227.1% between July 2024 and May 2026, to 1.72B shares. The company raised capital three times in that period for total disclosed proceeds of A$28.8M, most recently A$2.0M in July 2025. Options and rights on issue could convert into 267M new shares, equal to 15.5% of the current share count, with 0% in the money at present and the nearest expiry in November 2026. At the March 2026 quarter the company reported A$13.2M in available cash, about 11.9 quarters of funding at its recent spending 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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15.5%
Max option dilution
0.0%
ITM option dilution
0
Raises · last 12 months
11.9 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 1.72B per ASX (delayed) (28 July 2026).
0.80B1.14B1.48BDec 24Sept 25July 26Cash raise · 2 July 2025Cash raise · 27 June 2025

Cash runway

11.9 qtrs
More than four quarters of funding at the recent spend rate.
$13.2M 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
23 June 20263G · unquotedBSX : ORDINARY FULLY PAID1.72BAppendix 3G
8 May 20262A · quoted issueBSX : ORDINARY FULLY PAID1.72BAppendix 2A
17 Apr 20263H · cancellationBSX : ORDINARY FULLY PAID1.72BAppendix 3H
15 Apr 20262A · quoted issueBSX : ORDINARY FULLY PAID1.72BAppendix 2A
23 Mar 20262A · quoted issueBSX : ORDINARY FULLY PAID1.72BAppendix 2A
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

3 cash raises in the last 24 months · 0 in the last 12 months

$2.0M
Capital raise
2 July 2025
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

15.5%
Total overhang · of current shares
0.0%
In the money · at current price
267.2M
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
21 Aug 2025Mr Scott WilliamsonOther8.7M50.0M—3Y notice
21 Aug 2025Mr Hamish HallidayOther10.6M24.0M—3Y notice
21 Aug 2025Geoffrey Mark GilmourOther43.7M18.0M—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

23 June 2026Notification regarding unquoted securities - BSX
9 June 2026Becoming a substantial holder
1 June 2026Key Consultants Appointed as Mankayan PFS Gains Moment
8 May 2026Cleansing Statement
8 May 2026Application for quotation of securities - BSX
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
17 Apr 2026Notification of cessation of securities - BSX
15 Apr 2026Update - Application for quotation of securities - BSX
13 Apr 2026$PMankayan Copper-Gold Project Update
23 Mar 2026Cleansing Statement
23 Mar 2026Application for quotation of securities - BSX
16 Mar 2026Half Yearly Report and Accounts
25 Feb 2026Change in substantial holding
20 Feb 2026Cleansing Statement
20 Feb 2026Application for quotation of securities - BSX
20 Feb 2026Application for quotation of securities - BSX
18 Feb 2026RIU Explorers Conference Presentation
11 Feb 2026Notification of cessation of securities - BSX
9 Feb 2026Initial Director's Interest Notice - MW
4 Feb 2026Board Appointment

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