Companies / CNB

CARNABY RESOURCES LIMITED

ASX:CNBMaterials
276.1M shares on issueASX (delayed) · snapshot 28 Oct 2026281.6M fully diluted+2.0% if every option and right converts$0.81price · delayed$216.8MMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 98.0% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 61% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.8 quarters of funding
Share-count growth (24m)60.6%
Raise cadence (24m)1 cash raise
Options & rights overhang2.0% of shares
In-the-money supply2.0% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

CARNABY RESOURCES LIMITED's ordinary share count grew 60.6% between May 2024 and October 2025, its latest share-count filing, to 276M shares. In the past 24 months, one capital raise occurred: a placement in October 2025 raising A$12.5M. Options and rights on issue could convert into 6M new shares, equal to 2.0% of the current share count, of which 2% are in the money; no expiry date for these securities has been filed. The company has under 2 quarters of funding at the recent spend rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in November 2026.

AI-generated summary of this page's cited filings · updated 27 Oct 2026
Quick answers · 5

Is CNB raising capital?

Carnaby Resources has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $12.5M on 15 Oct 2025.

How much placement capacity does CNB have left?

About 32% of the 15% placement capacity left, about 68% 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.

How much cash does CNB have?

In its quarterly cash report for the quarter ended 30 Sept 2026, Carnaby Resources reported $6.4M of cash and estimated 2.5 quarters of funding available at its current rate of spending. That is the company's own estimate.

How many options and rights does CNB have outstanding?

Unexercised options and rights equal 2% of Carnaby Resources's shares on issue.

How much has CNB's share count grown?

Carnaby Resources has 276.1M shares on issue as at 28 Oct 2026, up 60.6% over 24 months according to its Appendix 2A filings.

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2.0%
Options & rights overhang
2.0%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
0
Raises · last 12 months
1.8 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 276.1M per ASX (delayed) (snapshot 28 Oct 2026).
175M200M225M250M275MDec 24Nov 25Oct 26Cash raise · 15 Oct 2025276.1M

Cash runway

1.8 qtrs OURS
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Mar 2027 at the reported spend rate.
$5.5M cash after burn.
FILED 2.5 qtrs · $6.4M cash · quarter ended 30 Sept 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$6.4M cash at 30 Sep 2026 − $0.9M spent ($3.0M a quarter × 28 days) = $5.5M left → 1.8 qtrsFILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
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12 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 Sept 2026.
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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)

DateFormSecurityOn issue, per this filingSource
8 July 20263H · cancellationCNB : ORDINARY FULLY PAID276.1MAppendix 3H
11 May 20263H · cancellationCNB : ORDINARY FULLY PAID276.1MAppendix 3H
22 Apr 20263G · unquotedCNB : ORDINARY FULLY PAID276.1MAppendix 3G
3 Mar 20263G · unquotedORDINARY FULLY PAID276.1MAppendix 3G
16 Dec 20253G · unquotedORDINARY FULLY PAID276.1MAppendix 3G
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11 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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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.

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Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
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Capital raises

1 cash raise in the last 24 months · 0 in the last 12 months

$12.5M
Placement
At 33.0c, 32% below the last close
15 Oct 2025 COMPLETE
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3 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Results due

What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.

  • by end 2026 · Mineral Resource Estimate update (to complete)
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1 event on record — The company's own words
The sentence each date comes from, the report it was in, and a link to it.
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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.

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1 dated event on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

About 32% of the 15% placement capacity left — about 68% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). Holders passed a ratification we could not match to exactly one filing, or whose number of shares the result does not state, and shares issued with holder approval are not added to the base, so the true headroom may be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
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1 pending issue on record — Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

2.0%
Options & rights overhang · of current shares
2.0%
In-the-money supply · at current price
5.5M
Potential new shares
—
Nearest expiry
What a price move would switch on
2.8M5.5M$0.81 now0.25× today ($0.20) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.41) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.61) — 5.5M of the priced supply in the money, 2.0% of shares on issue1× today ($0.81) — 5.5M of the priced supply in the money, 2.0% of shares on issue1.25× today ($1.01) — 5.5M of the priced supply in the money, 2.0% of shares on issue1.5× today ($1.22) — 5.5M of the priced supply in the money, 2.0% of shares on issue2× today ($1.62) — 5.5M of the priced supply in the money, 2.0% of shares on issue3× today ($2.43) — 5.5M of the priced supply in the money, 2.0% of shares on issue5× today ($4.05) — 5.5M of the priced supply in the money, 2.0% of shares on issue10× today ($8.10) — 5.5M of the priced supply in the money, 2.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.81 today, 5.5M securities are in the money (2.0% of shares on issue). No price up to ten times today’s switches on any more priced supply.

  • 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
CNBACOptionsPrice-triggered$0.59—5.5MFiling

“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.

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1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
27 Oct 2025Robert WatkinsSell6.7M880k——3Y notice
6 Feb 2025Gregory BarrettBuy placement484k———3Y notice
6 Feb 2025Paul PayneBuy placement323k———3Y notice
6 Feb 2025Peter BowlerBuy placement484k———3Y notice
6 Feb 2025Robert WatkinsBuy placement323k———3Y notice
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5 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

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