PINNACLE MINERALS LIMITED
ASX:PIMMaterialsToday’s holders own 64.8% of what they think they own, once every option and right converts.
Share count grew 154% in 24 months; options/rights overhang 54% of shares; 2 cash raises in 24 months
PINNACLE MINERALS LIMITED's ordinary share count grew 154.0% between April 2024 and February 2026, reaching 115M shares. In the past 24 months, the company raised capital twice, for total disclosed proceeds of A$5.2M, with the most recent being a A$3.0M placement in October 2025. Options and rights on issue could convert into 63M new shares, representing 54.4% of the current share count, with the nearest expiry in December 2026. As of the June 2026 quarter, PINNACLE MINERALS LIMITED reported A$2.2M in available cash, covering approximately 10.6 quarters of operations. 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 |
|---|---|---|---|---|
| 17 Feb 2026 | 2A · quoted issue | PIM : ORDINARY FULLY PAID | 115.5M | Appendix 2A |
| 30 Dec 2025 | 3G · unquoted | ORDINARY FULLY PAID | 115.5M | Appendix 3G |
| 3 Nov 2025 | 2A · quoted issue | PIM : ORDINARY FULLY PAID | 115.5M | Appendix 2A |
| 28 Oct 2025 | 3G · unquoted | PIM : ORDINARY FULLY PAID | 100.5M | Appendix 3G |
| 28 Oct 2025 | 3G · unquoted | ORDINARY FULLY PAID | 100.5M | Appendix 3G |
Capital raises
2 cash raises in the last 24 months · 1 in the last 12 months
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
- Price-triggered50.9M · 44.1% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 49.8M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered11.9M · 10.3% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 1.1M priced, 61.7M 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.
An exercise price is on record for only 1.8% 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 $0.037 today. No more priced supply until 5× today’s price, which takes it to 1.1M (1.0% 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.
- 61.7M (98.2% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| PIMAG | Options | Price-triggered | $0.16 | 20 Dec 2026 | 1.1M | Filing |
| PIMOB | Options | Price-triggered | — | 22 Aug 2028 | 46.8M | Filing |
| PIMAH | Options | Price-triggered | — | — | 3.0M | Filing |
| PIMAI | Performance rights | Condition-triggered | — | — | 11.9M | Filing 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.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 19 June 2026 | William John Andrew Witham | Buy on-market | 60k | — | — | — | 3Y notice |
| 30 Dec 2025 | Stephen Ross | Other incentive | 552k | — | — | — | 3Y notice |
| 30 Dec 2025 | William John Andrew Witham | Other | 834k | 8k | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.