Companies / HPR

HIGH PEAK ROYALTIES LIMITED

ASX:HPREnergy
208.6M shares on issueASX (delayed) · snapshot 11 Sept 2026211.1M fully diluted+1.2% if every option and right converts$0.093price · delayed$19.4Mmarket cap · indicative

Today’s holders own 98.8% of what they think they own, once every option and right converts.

Minimal
Dilution risk

No issuance filings since 2024; no dilution pressure signals in current disclosures

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway35.4 quarters of funding
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)0 cash raises
Options & rights overhang1.2% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

HIGH PEAK ROYALTIES LIMITED has 209M ordinary shares on issue as of November 2025. The company has not lodged new share-issuance filings since January 2024 and has not undertaken any capital raises in the past 24 months. Options and rights on issue could convert into 2M new shares, representing 1.2% of the current share count, with none of these in the money at the current share price. An expiry date for these securities has not been disclosed. As of June 2026, the company held A$389K in available cash, which covers approximately 35.4 quarters of operations based on its recent spending. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 8 Sept 2026
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1.2%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
35.4 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 208.6M per ASX (delayed) (snapshot 11 Sept 2026).
208.1M208.2M208.3M208.4M208.5MDec 24Oct 25Sept 26208.6M

Cash runway

35.4 qtrs
More than four quarters of funding at the recent spend rate.
More than three years of funding at the reported spend rate — far enough out that a dated estimate would be false precision.
$389k 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: $398k cash at quarter end (item 4.6). 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 2 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
16 Nov 20252A · quoted issueHPR : ORDINARY FULLY PAID208.6MAppendix 2A
16 Nov 20253H · cancellationHPR : ORDINARY FULLY PAID208.1MAppendix 3H
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2 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

No equity raises in the last 24 months.
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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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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 Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

1.2%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
2.5M
Potential new shares
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 2.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
HPRAPPerformance rightsCondition-triggered2.5MFiling Meeting

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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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
24 June 2026Anthony WoolesOther off-market15.1M$1.4M3Y notice
17 Nov 2025James Brett KnowlesBuy incentive500k3Y notice
21 Oct 2025James Brett KnowlesSell off-market279k3Y notice
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14 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.