CLASSIC MINERALS LTD
ASX:CLZMaterialsSuspended from quotationToday’s holders own 89.8% of what they think they own, once every option and right converts.
Not rated — the company is suspended from quotation
This company is suspended from ASX quotation. Scoring is paused until it resumes trading. Not rated means no assessment — not low risk.
CLASSIC MINERALS LTD's ordinary share count increased by 282.9% between September 2024 and February 2026, reaching 5.51B shares. The company completed four capital raises in the past 24 months, with total disclosed proceeds of A$100K, the most recent being a placement in February 2026. Options and rights on issue could convert to 627M new shares, representing 11.4% of the current share count, with no options currently in the money. The nearest expiry date for these options is June 2027. CLASSIC MINERALS LTD no longer lodges quarterly cash reports, so no cash balance or funding runway figure is available on that basis.
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 |
|---|---|---|---|---|
| 26 Feb 2026 | 2A · quoted issue | CLZ : ORDINARY FULLY PAID | 5.51B | Appendix 2A |
| 28 Jan 2026 | 3H · cancellation | CLZ : ORDINARY FULLY PAID | 4.27B | Appendix 3H |
| 23 Dec 2025 | 3H · cancellation | CLZ : ORDINARY FULLY PAID | 4.27B | Appendix 3H |
| 23 Dec 2025 | 3G · unquoted | CLZ : ORDINARY FULLY PAID | 4.27B | Appendix 3G |
| 2 Dec 2025 | 3H · cancellation | CLZ : ORDINARY FULLY PAID | 4.27B | Appendix 3H |
Capital raises
4 cash raises in the last 24 months · 2 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
- Price-triggered17.0M · 0.3% of sharesOptions and warrants — they convert when the share price clears their exercise price.No exercise price is on record for any of it, so none of it can be called in or out of the money.
- Condition-triggered610.0M · 11.1% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 0 priced, 627.0M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 627.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| CLZAV | Options | Price-triggered | — | 30 June 2027 | 17.0M | Filing |
| CLZAQ | Performance rights | Condition-triggered | — | — | 610.0M | 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 |
|---|---|---|---|---|---|---|---|
| 23 Dec 2025 | Gillian Catherine King | Other incentive | 706k | 50.0M | — | — | 3Y notice |
| 23 Dec 2025 | John Lester | Other incentive | 716k | 100.0M | — | — | 3Y notice |
| 23 Dec 2025 | Lu Ning Yi | Other incentive | — | 50.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.