Companies / IPT

IMPACT MINERALS LIMITED

ASX:IPTMaterials
516.8M shares on issueASX (delayed) · snapshot 11 Sept 2026619.6M fully diluted+19.9% if every option and right converts$0.030price · delayed$15.5Mmarket cap · indicative

Today’s holders own 83.4% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 69% in 24 months; 5 cash raises in 24 months; runway 4–8 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway4.2 quarters of funding
Share-count growth (24m)68.9%
Raise cadence (24m)5 cash raises
Options & rights overhang19.9% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesopen proposed issue (Appendix 3B)

IMPACT MINERALS LIMITED's ordinary share count was 517M as of May 2026, an increase of 68.9% from July 2024, with the share count adjusted for a 1-for-10 consolidation in December 2025. In the 24-month window, the company undertook five capital raises totalling A$15.9M, with the most recent being a A$4.1M Renounceable Entitlement Offer in August 2026. Options and rights on issue could convert into 103M new shares, representing 19.9% of the current share count, with no options currently in the money and the nearest expiry in September 2027. As of the June 2026 quarter, the company held A$5.2M in available cash, sufficient for approximately 4.2 quarters of operations. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in September 2026.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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19.9%
Options & rights overhang
In-the-money supply · most strikes not on record
3
Raises · last 12 months
4.2 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. Adjusted for the 1-for-10 consolidation (2 Dec 2025). Latest count 516.8M per ASX (delayed) (snapshot 11 Sept 2026).
300M400M500MDec 24Oct 25Sept 261-for-10 consolidationCash raise · 17 Aug 2026Cash raise · 25 Mar 2026Cash raise · 18 Sept 2025Cash raise · 16 May 2025Cash raise · 27 Feb 2025516.8M

Cash runway

4.2 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about July 2027 at the reported spend rate.
$5.2M 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: $2.1M cash at quarter end (item 4.6), 1.7 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
14 Aug 20263H · cancellationIPT : ORDINARY FULLY PAID516.8MAppendix 3H
15 May 20262A · quoted issueIPT : ORDINARY FULLY PAID516.8MAppendix 2A
7 Apr 20262A · quoted issueIPT : ORDINARY FULLY PAID514.4MAppendix 2A
5 Dec 20252A · quoted issueIPT : ORDINARY FULLY PAID474.4MAppendix 2A
5 Dec 20253G · unquotedIPT : ORDINARY FULLY PAID474.4MAppendix 3G
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22 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

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

every 4.4 monthsaverage gap between raises
0.9 monthssince the most recent
27 Feb 202517 Aug 2026first to most recent in this window
$4.1M
Renounceable Entitlement Offer
17 Aug 2026 ACTIVE
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8 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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Retail offer

An offer existing holders can take part in — the one structural advantage retail has in a raise. Dated recently and not yet recorded as complete.

Entitlement offer
dated 17 Aug 2026 · 26 days ago
Renounceable Entitlement Offer

Closing dates are not in the filings this site holds. Check the company's own announcement below before acting on this.

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Offer terms
The offer price, and how it compares with the last traded price.
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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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3 dated events 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 estimatea share consolidation inside the last 12 months puts the filings and the share count in different units.
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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

19.9%
Options & rights overhang · of current shares
In-the-money supply · most strikes not on record
102.9M
Potential new shares
Sept 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered93.7M · 18.1% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 80.7M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered9.1M · 1.8% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 13.0M priced, 89.9M 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.

What a price move would switch on
51.4M102.9M$0.030 now0.25× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.015) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.022) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.030) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.037) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.045) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.060) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.090) — 13.0M of the priced supply in the money, 2.5% of shares on issue5× today ($0.150) — 13.0M of the priced supply in the money, 2.5% of shares on issue10× today ($0.300) — 13.0M of the priced supply in the money, 2.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

An exercise price is on record for only 12.6% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.030 today. No more priced supply until today’s price, which takes it to 13.0M (2.5% of shares).

  • 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.
  • 89.9M (87.4% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
IPTOCOptionsPrice-triggered28 Sept 202780.7MFiling
IPTAXOptionsPrice-triggered$0.0805 Dec 202813.0MFiling
IPTAWPerformance rightsCondition-triggered9.1MFiling 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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3 option lines 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
15 Dec 2025Frank BierleinOther3Y notice
15 Dec 2025Michael Griffith JonesOther3Y notice
15 Dec 2025Paul IngramOther3Y 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.