Companies / MPK

MANY PEAKS MINERALS LTD

ASX:MPKMaterials
170.3M shares on issueASX (delayed) · snapshot 11 Sept 2026188.0M fully diluted+10.4% if every option and right converts$0.85price · delayed$144.7Mmarket cap · indicative

Today’s holders own 90.6% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 106% in 24 months; runway 2–4 quarters; 6 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway3.1 quarters of funding
Share-count growth (24m)106.5%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)6 cash raises
Options & rights overhang10.4% of shares
In-the-money supply5.3% of shares
Pending proposed issuesnone

As of August 2026, MANY PEAKS MINERALS LTD has 170M shares on issue. The share count is the ASX market reading; the filed 2A series ends earlier, so growth over the window is not stated. The company completed six capital raises in the past 24 months, totalling A$89.7M, with the most recent being a A$27.5M placement in May 2026. Options and rights on issue represent a potential 18M new shares, or 10.4% of the current count, with 5% in the money at the current price. The nearest expiry for these is June 2027. As of June 2026, the company reported A$21.8M in available cash, covering approximately 3.1 quarters of operations. There are no pending proposed issues.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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10.4%
Options & rights overhang
5.3%
In-the-money supply
2
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 170.3M per ASX (delayed) (snapshot 11 Sept 2026).
75M100M125M150M175MDec 24Oct 25Sept 26Cash raise · 19 May 2026Cash raise · 19 May 2026Cash raise · 16 July 2025Cash raise · 15 July 2025Cash raise · 27 May 2025Cash raise · 19 Mar 2025170.3M

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.
$21.7M 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: $26.7M cash at quarter end (item 4.6), 3.8 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
27 Aug 20262A · quoted issueMPK : ORDINARY FULLY PAID168.3MAppendix 2A
27 Aug 20263G · unquotedMPK : ORDINARY FULLY PAID166.7MAppendix 3G
27 Aug 20262A · quoted issueMPK : ORDINARY FULLY PAID166.8MAppendix 2A
27 Aug 20262A · quoted issueMPK : ORDINARY FULLY PAID168.2MAppendix 2A
27 Aug 20262A · quoted issueMPK : ORDINARY FULLY PAID167.1MAppendix 2A

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (168.3M) need not equal the current count above (170.3M).

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56 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

6 cash raises in the last 24 months · 2 in the last 12 months

every 3.5 monthsaverage gap between raises
3.8 monthssince the most recent
19 Mar 2025 – 19 May 2026first to most recent in this window
$27.5M
Placement
19 May 2026 COMPLETE
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25 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.

6.3M of option supply could convert within 12 months — 3.7% of shares on issue
6.3M in the money, expiring in the window
Out-of-the-money options are excluded — at today’s price they expire rather than convert. So is condition-triggered supply, which has no expiry and no price, and convertibles that convert on their own terms rather than on a date.
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5 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.

About 22% of the 15% placement capacity left — about 78% 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

10.4%
Options & rights overhang · of current shares
5.3%
In-the-money supply · at current price
17.7M
Potential new shares
June 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered12.1M · 7.1% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered5.7M · 3.3% 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: 12.1M priced (of which 9.1M in the money), 5.7M 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
8.9M17.7M$0.85 now0.25× today ($0.21) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.42) — 9.1M of the priced supply in the money, 5.3% of shares on issue0.75× today ($0.64) — 9.1M of the priced supply in the money, 5.3% of shares on issue1× today ($0.85) — 9.1M of the priced supply in the money, 5.3% of shares on issue1.25× today ($1.06) — 12.1M of the priced supply in the money, 7.1% of shares on issue1.5× today ($1.27) — 12.1M of the priced supply in the money, 7.1% of shares on issue2× today ($1.70) — 12.1M of the priced supply in the money, 7.1% of shares on issue3× today ($2.55) — 12.1M of the priced supply in the money, 7.1% of shares on issue5× today ($4.25) — 12.1M of the priced supply in the money, 7.1% of shares on issue10× today ($8.50) — 12.1M of the priced supply in the money, 7.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.85 today, 9.1M securities are in the money (5.3% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 12.1M (7.1% 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.
  • 5.7M (31.9% 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
MPKATOptionsPrice-triggered$0.2530 June 20271.3MFiling
MPKAUOptionsPrice-triggered$0.3330 June 20275.0MFiling
MPKAAOptionsPrice-triggered$0.2531 Jan 20281.4MFiling
MPKABOptionsPrice-triggered$0.3031 Jan 20281.4MFiling
MPKAVOptionsPrice-triggered$1.0031 Dec 20293.0MFiling
MPKAPPerformance rightsCondition-triggered——5.7MFiling

“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.

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6 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
27 Aug 2026Ben PhillipsBuy placement22k———3Y notice
27 Aug 2026Francis HarperBuy700k1.7M——3Y notice
27 Aug 2026Marcus HardenBuy placement22k———3Y notice
27 Aug 2026Matthew ScullyBuy22k—1.0M—3Y notice
27 Aug 2026Travis SchwertfegerBuy22k6.0M2.4M—3Y notice
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33 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

2 Sept 2026$PResults Confirm Depth Extensions for Ouarigue Prospect
27 Aug 2026Change of Director's Interest Notice x 5
27 Aug 2026Section 708(A) Cleansing Notice - Share Issue
27 Aug 2026Application for quotation of securities - MPK
27 Aug 2026Application for quotation of securities - MPK
27 Aug 2026Application for quotation of securities - MPK
27 Aug 2026Notification regarding unquoted securities - MPK
27 Aug 2026Application for quotation of securities - MPK
19 Aug 2026$PRC Results Advance Ouarigue Resource Upgrade and Expansion
13 Aug 2026Results of General Meeting
5 Aug 2026Appointment of Chief Financial Officer
28 July 2026$PQuarterly Activities Report & Appendix 5B
9 July 2026Letter to Shareholders, Notice of GM and Proxy Form
1 July 2026Notification of cessation of securities - MPK
30 June 2026$PMultiple Targets at New Baga Gold Project - Auger Underway
17 June 2026$PDiamond Assays Yield Increases to Ouarigue Mineralisation
3 June 2026Section 708(A) Cleansing Notice - Share Issue
3 June 2026Application for quotation of securities - MPK
1 June 2026$POdienne Geophysics Results & 60,000m of Drilling Underway
29 May 2026Section 708(A) Cleansing Notice - Share Issue

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