Companies / CNB

CARNABY RESOURCES LIMITED

ASX:CNBMaterials
276.1M shares on issueASX (delayed) · snapshot 11 Sept 2026281.6M fully diluted+2.0% if every option and right converts$0.97price · delayed$269.2Mmarket cap · indicative

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

Moderate
Dilution risk

Share count grew 61% in 24 months; runway 2–4 quarters; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway3.1 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 ordinary shares grew 60.6% between May 2024 and October 2025, reaching 276M shares. In the past 24 months, the company completed one capital raise, a A$12.5M placement in October 2025. Options and rights on issue could convert into 6M new shares, representing 2.0% of the current share count. 2% of these options are in the money, but an expiry date for these securities is not on record. At the June 2026 quarter, the company had A$7.4M in available cash, covering 3.1 quarters. One proposed securities issue is pending with a nearest proposed date in November 2026.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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2.0%
Options & rights overhang
2.0%
In-the-money supply
1
Raises · last 12 months
3.1 qtrs
Cash cover · 2–4 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 11 Sept 2026).
175M200M225M250M275MDec 24Oct 25Sept 26Cash raise · 15 Oct 2025276.1M

Cash runway

3.1 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about Mar 2027 at the reported spend rate.
$7.4M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $9.4M cash at quarter end (item 4.6), 4.0 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A 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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Capital raises

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

$12.5M
Placement
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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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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.

No estimatethe filings already exceed 15% of the share count we can measure, which means securities were added to the base during the year that we cannot see. The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure.
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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.
Paid plan
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$0.97 now0.25× today ($0.24) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.49) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.73) — 5.5M of the priced supply in the money, 2.0% of shares on issue1× today ($0.97) — 5.5M of the priced supply in the money, 2.0% of shares on issue1.25× today ($1.22) — 5.5M of the priced supply in the money, 2.0% of shares on issue1.5× today ($1.46) — 5.5M of the priced supply in the money, 2.0% of shares on issue2× today ($1.95) — 5.5M of the priced supply in the money, 2.0% of shares on issue3× today ($2.92) — 5.5M of the priced supply in the money, 2.0% of shares on issue5× today ($4.88) — 5.5M of the priced supply in the money, 2.0% of shares on issue10× today ($9.75) — 5.5M of the priced supply in the money, 2.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

At $0.97 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$0.595.5MFiling

“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.

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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 WatkinsSell6.7M880k3Y notice
6 Feb 2025Gregory BarrettBuy placement484k3Y notice
6 Feb 2025Paul PayneBuy placement323k3Y notice
6 Feb 2025Peter BowlerBuy placement484k3Y notice
6 Feb 2025Robert WatkinsBuy placement323k3Y 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 12 Sept 2026.