PILBARA GOLD LIMITED
ASX:PGLMaterialsToday’s holders own 98.5% of what they think they own, once every option and right converts.
Runway 4–8 quarters; since relisting as PGL; prior history under KAI not included
PILBARA GOLD LIMITED, trading as PGL since April 2026 after a rename from KAI, had an ordinary share count of 234M as of July 2026, an increase of 2.8% since May 2026. No capital raises have occurred since the rename. Options and rights on issue could convert into 4M new shares, representing 1.6% of the current share count, with none currently in the money; no expiry date for these securities is on record. At the June 2026 quarter, the company reported A$24.7M in available cash, sufficient for approximately 6.8 quarters of funding at its recent spending rate. No proposed securities issues are pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 7 July 2026 | 2A · quoted issue | PGL : ORDINARY FULLY PAID | 234.0M | Appendix 2A |
| 19 June 2026 | 2A · quoted issue | PGL : ORDINARY FULLY PAID | 233.9M | Appendix 2A |
| 19 June 2026 | 3G · unquoted | ORDINARY FULLY PAID | 233.8M | Appendix 3G |
| 12 June 2026 | 2A · quoted issue | PGL : ORDINARY FULLY PAID | 233.8M | Appendix 2A |
| 8 May 2026 | 3H · cancellation | PGL : ORDINARY FULLY PAID | 225.5M | Appendix 3H |
Capital raises
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.
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.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 3.6M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| PGLAAD | Performance rights | Condition-triggered | — | — | 3.6M | Filing |
“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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 10 July 2026 | Mr Simon Lill | Buy on-market | 300k | — | — | $149k | 3Y notice |
| 12 June 2026 | Dr Peter Turner | Other incentive | 3.8M | — | — | — | 3Y notice |
| 12 June 2026 | Mr Mark Calderwood | Other incentive | 556k | — | — | — | 3Y notice |
| 12 June 2026 | Mr Zane Lewis | Other incentive | 1.1M | — | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.