PIONEER MINERALS LIMITED
ASX:PMMMaterialsToday’s holders own 87.5% of what they think they own, once every option and right converts.
Runway 2–4 quarters; share count grew 16% in 24 months; 4 cash raises in 24 months; since relisting as PMM; prior history under PLN not included
PIONEER MINERALS LIMITED's ordinary share count, measured from its rename in December 2025 to August 2026, grew 16.2% to 75M shares. The company raised capital four times in that period for total proceeds of A$4.0M, most recently a A$1.8M placement in October 2026. Options and rights on issue could convert into 11M new shares, equal to 14.3% of the current share count, with 11% in the money; the nearest expiry is October 2028. Available cash provides 2 to 4 quarters of funding at the recent spend rate. Two proposed securities issues (Appendix 3B) are pending, with the nearest expected in December 2026.
Quick answers · 4
Why was PMM in a trading halt?
Pioneer Minerals requested a trading halt on 6 Oct 2026, giving the reason "Pending announcement regarding a capital raise and material acquisition". Trading was expected to resume 8 Oct 2026.
Is PMM raising capital?
Pioneer Minerals has 2 proposed issues of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement of $1.8M on 9 Oct 2026.
How much cash does PMM have?
In its quarterly cash report for the quarter ended 30 June 2026, Pioneer Minerals reported $80k of cash and estimated 0.2 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do PMM's options expire?
Unexercised options and rights equal 14.3% of Pioneer Minerals's shares on issue; the nearest expiry is Oct 2028.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 30 Sept 2026 | 3H · cancellation | PMM : ORDINARY FULLY PAID | 74.9M | Appendix 3H |
| 4 Aug 2026 | 2A · quoted issue | PMM : ORDINARY FULLY PAID | 74.9M | Appendix 2A |
| 4 Aug 2026 | 3G · unquoted | PMM : ORDINARY FULLY PAID | 70.4M | Appendix 3G |
| 14 May 2026 | 2A · quoted issue | PMM : ORDINARY FULLY PAID | 70.3M | Appendix 2A |
| 14 May 2026 | 2A · quoted issue | PMM : ORDINARY FULLY PAID | 69.8M | Appendix 2A |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
4 cash raises in the last 24 months · 3 in the last 12 months · counted since relisting as PMM (1 Dec 2025); prior history under PLN is not included
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 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered8.5M · 11.4% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered2.2M · 2.9% 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: 8.5M priced (of which 8.5M in the money), 2.2M 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.
At $0.22 today, 8.5M securities are in the money (11.4% of shares on issue). No price up to ten times today’s switches on any more priced supply.
- 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.
- 2.2M (20.6% 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 |
|---|---|---|---|---|---|---|
| PMMAG | Options | Price-triggered | $0.20 | 14 Oct 2028 | 8.5M | Filing |
| PMMAA | Performance rights | Condition-triggered | — | — | 2.2M | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 13 May 2026 | Agha Shahzad Pervez | Other | 556k | 185k | — | — | 3Y notice |
| 9 Dec 2025 | Agha Shahzad Pervez | Other placement | 714k | 238k | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.