Companies / PTN

PATRONUS RESOURCES LIMITED

ASX:PTNMaterials
1.48B shares on issueASX (delayed) · snapshot 11 Sept 20261.49B fully diluted+0.5% if every option and right converts$0.052price · delayed$76.9Mmarket cap · indicative

Today’s holders own 99.5% of what they think they own, once every option and right converts.

Low
Dilution risk

Runway under 2 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.9 quarters of funding
Share-count growth (24m)0.0%no issuance filings since 2024
Raise cadence (24m)0 cash raises
Options & rights overhang0.5% of shares
In-the-money supplyno data — no exercise price on record
Pending proposed issuesnone

PATRONUS RESOURCES LIMITED has no share-issuance (Appendix 2A) filings on record in the 24-month window, and no new share-issuance (Appendix 2A) filings have been lodged since January 2024. The company has not raised capital in the past 24 months. Options and rights on issue could convert into 7M new shares, representing 0.5% of the current share count, with 0% currently in the money; no filing on record states an expiry date for these securities. At the June 2026 quarter, the company reported A$2.3M in available cash, sufficient for 0.9 quarters of funding. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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0.5%
Options & rights overhang
In-the-money supply · no stated strikes
0
Raises · last 12 months
0.9 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 1.48B per ASX (delayed) (snapshot 11 Sept 2026).
1.50B1.55B1.60B1.65BDec 24Oct 25Sept 261.48B

Cash runway

0.9 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
The latest quarterly report funded operations to about Sept 2026 — that date has passed, and no later report is on record.
$2.3M 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: $4.4M cash at quarter end (item 4.6), 1.6 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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8 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 4 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
2 Dec 20253G · unquotedPTN : ORDINARY FULLY PAID1.48BAppendix 3G
28 Sept 20253G · unquotedPTN : ORDINARY FULLY PAID1.48BAppendix 3G
21 Aug 20253H · cancellationPTN : ORDINARY FULLY PAID1.48BAppendix 3H
11 Sept 20242A · quoted issuePTN1.64BAppendix 2A
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4 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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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

0.5%
Options & rights overhang · of current shares
In-the-money supply · no stated strikes
7.5M
Potential new shares
Nearest expiry
What a price move would switch on

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 7.5M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

CodeSecurityTypeExercise priceExpiryOn issueSource
PTNAAPerformance rightsCondition-triggered3.6MFiling Meeting
Performance rightsCondition-triggered3.9MFiling 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.

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2 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
30 June 2025John IngramBuy on-market100k3Y notice
25 June 2025Rowan JohnstonBuy on-market300k3Y notice
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2 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

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