TUSKER MINERALS LTD
ASX:TSKMaterialsToday’s holders own 55.7% of what they think they own, once every option and right converts.
Runway under 2 quarters; options/rights overhang 79% of shares; share count grew 9% in 24 months; since relisting as TSK; prior history under DY6 not included
Between December 2025 and August 2026, its latest share-count filing, TUSKER MINERALS LTD's ordinary share count rose 8.8% to 112M shares. The data covers only the period since the company renamed from DY6 and began trading as TSK in December 2025. In the past 24 months, one capital raise occurred: a Placement in July 2025 for A$4.6M. Options and rights on issue could convert into 89M new shares, representing a 79.4% overhang, none in the money, with nearest expiry in December 2026. The company has under 2 quarters of funding at the recent spend rate based on its June 2026 quarter. No proposed securities issues are pending.
Quick answers · 3
When did TSK last raise capital?
The last capital raise in Tusker Minerals's filings is Placement of $4.6M announced 14 July 2025, one of 1 cash raises in 24 months.
How much cash does TSK have?
In its quarterly cash report for the quarter ended 30 June 2026, Tusker Minerals reported $1.4M of cash and estimated 1.6 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do TSK's options expire?
Unexercised options and rights equal 79.4% of Tusker Minerals's shares on issue; the nearest expiry is Dec 2026.
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 |
|---|---|---|---|---|
| 18 Sept 2026 | 3H · cancellation | TSK : ORDINARY FULLY PAID | 111.8M | Appendix 3H |
| 27 Aug 2026 | 3H · cancellation | TSK : ORDINARY FULLY PAID | 111.8M | Appendix 3H |
| 27 Aug 2026 | 3H · cancellation | TSK : ORDINARY FULLY PAID | 111.8M | Appendix 3H |
| 20 Aug 2026 | 2A · quoted issue | TSK : ORDINARY FULLY PAID | 111.8M | Appendix 2A |
| 20 Aug 2026 | 2A · quoted issue | TSK : ORDINARY FULLY PAID | 106.8M | 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
1 cash raise in the last 24 months · 0 in the last 12 months · counted since relisting as TSK (1 Dec 2025); prior history under DY6 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-triggered66.1M · 59.1% of sharesOptions and warrants — they convert when the share price clears their exercise price.At least 17.8M of it states no exercise price — that much cannot be called in or out of the money.
- Condition-triggered22.7M · 20.3% 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: 48.3M priced, 40.5M 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 $0.050 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 26.4M (23.6% 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.
- 40.5M (45.6% 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.
- 21.9M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| TSKAG | Options | Price-triggered, no exercise price stated | — | 12 Dec 2026 | 2.8M | Filing |
| TSKAH | Options | Price-triggered, no exercise price stated | — | 28 Dec 2026 | 697k | Filing |
| TSKAI | Options | Price-triggered, no exercise price stated | — | 28 Dec 2026 | 2.1M | Filing |
| TSKAJ | Options | Price-triggered, no exercise price stated | — | 23 Mar 2027 | 500k | Filing |
| TSKAP | Options | Price-triggered | $0.60 | 17 Sept 2028 | 21.9M | Filing |
| TSKAN | Options | Price-triggered | $0.080 | 21 Jan 2029 | 26.4M | Filing |
| TSKO | Options | Price-triggered, no exercise price stated | — | 29 Apr 2029 | 11.8M | Filing |
| TSKAL | Performance rights | Condition-triggered | — | — | 500k | Filing |
| TSKAM | Performance rights | Condition-triggered | — | — | 22.2M | 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 |
|---|---|---|---|---|---|---|---|
| 2 June 2026 | Daniel Smith | Other off-market | 211k | — | — | $20k | 3Y notice |
| 30 Apr 2026 | Daniel Smith | Other | 12.0M | 744k | 1.5M | — | 3Y notice |
| 30 Apr 2026 | John Kay | Other | 4.2M | 2.1M | 750k | — | 3Y notice |
| 30 Apr 2026 | Nannan He | Other | 1.6M | 225k | 500k | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.