Companies / PFE

PANTERA MINERALS LIMITED

ASX:PFEMaterials
492.8M shares on issueASX (delayed) · snapshot 11 Sept 2026628.3M fully diluted+27.5% if every option and right converts$0.016price · delayed$7.9Mmarket cap · indicative

Today’s holders own 78.4% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 33% in 24 months; options/rights overhang 28% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway9.6 quarters of funding
Share-count growth (24m)32.7%
Raise cadence (24m)0 cash raises
Options & rights overhang27.5% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesnone

PANTERA MINERALS LIMITED's ordinary share count grew 32.7% between July 2024 and March 2026, to 493M shares. The company has not raised capital in the past 24 months. Options and rights on issue could convert into 136M new shares, equal to 27.5% of the current share count; the nearest expiry falls in March 2027, with none currently in the money. At the June 2026 quarter the company reported A$4.2M in available cash, approximately 9.6 quarters of funding at its recent spending rate. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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27.5%
Options & rights overhang
—
In-the-money supply · most strikes not on record
0
Raises · last 12 months
9.6 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 492.8M per ASX (delayed) (snapshot 11 Sept 2026).
475M480M485M490MDec 24Oct 25Sept 26492.8M

Cash runway

9.6 qtrs
More than four quarters of funding at the recent spend rate.
Funds operations to about Nov 2028 at the reported spend rate.
$4.2M 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: $517k cash at quarter end (item 4.6), 1.1 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
26 June 20263H · cancellationPFE : ORDINARY FULLY PAID492.8MAppendix 3H
4 May 20263H · cancellationPFE : ORDINARY FULLY PAID492.8MAppendix 3H
6 Mar 20262A · quoted issuePFE : ORDINARY FULLY PAID492.8MAppendix 2A
6 Jan 20262A · quoted issuePFE : ORDINARY FULLY PAID474.5MAppendix 2A
8 Dec 20252A · quoted issuePFE : ORDINARY FULLY PAID474.0MAppendix 2A
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29 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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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 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

27.5%
Options & rights overhang · of current shares
—
In-the-money supply · most strikes not on record
135.5M
Potential new shares
Mar 2027
Nearest expiry
What a price move would switch on
67.8M135.5M$0.016 now0.25× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.008) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.012) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.016) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.020) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.024) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.032) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.048) — 0 of the priced supply in the money, 0.0% of shares on issue5× today ($0.080) — 47.4M of the priced supply in the money, 9.6% of shares on issue10× today ($0.160) — 49.9M of the priced supply in the money, 10.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

An exercise price is on record for only 37.5% 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 $0.016 today. No more priced supply until 5× today’s price, which takes it to 47.4M (9.6% 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.
  • 84.7M (62.5% 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.
  • 1.0M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
CodeSecurityTypeExercise priceExpiryOn issueSource
PFEAKOptionsPrice-triggered$0.106 Mar 20272.5MFiling
PFEOOptionsPrice-triggered—15 Mar 202784.7MFiling
PFEAOOptionsPrice-triggered$0.0501 Nov 202747.4MFiling
PFEAHOptionsPrice-triggered$0.30—1.0MFiling

“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.
  • PFEALCondition-triggered2.4M securities → 026 June 2026 Appendix 2A
  • PFEAJCondition-triggered18.3M securities → 06 Mar 2026 Appendix 2A
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4 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
1 May 2026Barnaby Egerton-WarburtonSell————3Y notice
1 May 2026Matthew HansenSell4.0M3.0M——3Y notice
28 Feb 2026Barnaby Egerton-WarburtonOther6.5M———3Y notice
28 Feb 2026Matthew HansenOther2.5M———3Y notice
28 Feb 2026Timothy GoldsmithOther6.0M—6.0M—3Y 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

11 Sept 2026AGM Nominations
18 Aug 2026$PMaiden Drilling Commences at Silver Project At Gillham
29 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
28 July 2026$PFirst Ever Drilling To Test Silver Project At Gillham
21 July 2026Investor Presentation
7 July 2026Global Energy Major Eni Invests Us$225 Million In EnergyX
28 June 2026$PPhase 2 Exploration Delivers Antimony results of 19.2%
26 June 2026Notification of cessation of securities - PFE
28 May 2026Investor Webinar Energyx Ceo Presentation
24 May 2026EnergyX Advances Lithium Project With Compass Minerals
19 May 2026$PGillham Project Advances Toward Maiden Drilling
8 May 2026Change of Director's Interest Notice - Egerton-Warburton
8 May 2026Change of Director's Interest Notice - Hansen
4 May 2026Notification of cessation of securities - PFE
23 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
20 Apr 2026$PEnergyx Stake Re-Rated To A$42.6m
1 Apr 2026Expiry of Quoted Options
23 Mar 2026$PHigh Grade Antimony to 3.9% Sb Confirm Priority Drill Target
22 Mar 2026$PEnergyX Lonestar lithium demonstration plant opening
16 Mar 2026Half Yearly Report and Accounts

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