Companies / KSN

KINGSTON RESOURCES LIMITED

ASX:KSNMaterials
1.21B shares on issueASX (delayed) · snapshot 11 Sept 20261.36B fully diluted+11.7% if every option and right converts$0.033price · delayed$40.1Mmarket cap · indicative

Today’s holders own 89.5% of what they think they own, once every option and right converts.

High
Dilution risk

Runway under 2 quarters; share count grew 90% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.4 quarters of funding
Share-count growth (24m)90.4%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)1 cash raise
Options & rights overhang11.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

KINGSTON RESOURCES LIMITED had 1.21B shares outstanding as of July 2026. The company undertook one capital raise in the past 24 months, a Placement and Non-Renounceable Entitlement Offer in June 2026, which raised A$12.9M. Options and rights on issue could convert into 142M new shares, representing 11.7% of current shares outstanding, with no options currently in the money; the nearest expiry for these options is July 2027. As of the June 2026 quarter, the company reported A$7.1M in available cash, sufficient for approximately 0.4 quarters of operations based on recent spending. No proposed securities issues are pending. The company's share count series from ASX Appendix 2A filings ends prior to July 2026, so a growth percentage over the stated window is not provided.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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11.7%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
0.4 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 1.21B per ASX (delayed) (snapshot 11 Sept 2026).
0.75B1.00B1.25BDec 24Oct 25Sept 26Cash raise · 18 June 20261.21B

Cash runway

0.4 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about July 2026 — that date has passed, and no later report is on record.
$7.0M 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: $11.7M 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 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
31 Aug 20263H · cancellationKSN : ORDINARY FULLY PAID1.21BAppendix 3H
24 July 20262A · quoted issueKSN : ORDINARY FULLY PAID1.21BAppendix 2A
24 July 20262A · quoted issueKSN : ORDINARY FULLY PAID1.08BAppendix 2A
20 July 20262A · quoted issueKSN : ORDINARY FULLY PAID1.08BAppendix 2A
25 June 20262A · quoted issueKSN : ORDINARY FULLY PAID967.6MAppendix 2A
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37 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

$12.9M
Placement and Non‑Renounceable Entitlement Offer
18 June 2026 COMPLETE
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9 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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9 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.

Under 1% of the 15% placement capacity left — about 99% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can 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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

11.7%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
141.7M
Potential new shares
July 2027
Nearest expiry
What a price move would switch on
70.8M141.7M$0.033 now0.25× today ($0.008) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.017) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.025) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.033) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.041) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.050) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.066) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.099) — 130.4M of the priced supply in the money, 10.7% of shares on issue5× today ($0.165) — 130.4M of the priced supply in the money, 10.7% of shares on issue10× today ($0.330) — 130.4M of the priced supply in the money, 10.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.033 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 130.4M (10.7% 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.
  • 11.3M (7.9% of the supply above) states a nil exercise price — nothing is paid to convert it, so no share price switches it on or off. It is the flat band, and it is not part of the in-the-money figure.
CodeSecurityTypeExercise priceExpiryOn issueSource
KSNAAAWarrantsPrice-triggered$0.0827 July 202725.0MFiling
KSNAAKOptionsPrice-triggeredNil29 Nov 2027955kFiling
KSNAAJWarrantsPrice-triggered$0.08823 Feb 202869.7MFiling
KSNAACWarrantsPrice-triggered$0.08229 June 202835.7MFiling
KSNASOptionsPrice-triggeredNil31 Aug 202896kFiling
KSNAALOptionsPrice-triggeredNil31 Aug 2028289kFiling
KSNAAPOptionsPrice-triggeredNil27 Nov 2028616kFiling
KSNAAMOptionsPrice-triggeredNil31 Aug 20305.6MFiling
KSNAAQOptionsPrice-triggeredNil31 Aug 20313.7MFiling

“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.

2 classes ceased in the last 12 months and are not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • KSNAAEPrice-triggered7.6M securities → 031 Aug 2026 Appendix 2A
  • KSNAAFPrice-triggered61k securities → 027 Jan 2026 Appendix 2A
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9 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
31 Aug 2026Andrew CorbettSell11.6M———3Y notice
24 July 2026Andrew CorbettBuy2.2M———3Y notice
21 July 2026Mick WilkesBuy entitlement/SPP986k———3Y notice
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19 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

7 Sept 2026$PJack's Hut Resource Drilling Results
1 Sept 2026Change of Director's Interest Notice - AC
31 Aug 2026Notification of cessation of securities - KSN
26 Aug 2026$PMineral Hill Drilling Update
30 July 2026$PAppendix 5B Cash Flow Report
30 July 2026$PQuarterly Activities Report
29 July 2026Change in substantial holding
28 July 2026Change in substantial holding
27 July 2026Change in substantial holding
26 July 2026$PBoard Renewal and Appointment of Financial Advisor
24 July 2026Change of Director's Interest Notice - MW, AC, SR
24 July 2026Application for quotation of securities - KSN
24 July 2026Application for quotation of securities - KSN
23 July 2026Change in substantial holding
21 July 2026Change in substantial holding
20 July 2026Application for quotation of securities - KSN
20 July 2026Results of Entitlement Offer
12 July 2026Kingston Receives $10M Misima Payment
8 July 2026$PDrilling Extend High Grade Ore at SOZ
3 July 2026$8.47 Million Entitlement Offer Now Open

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.