Analyst Coverage &
Capital Structure

Capital Structure
Issue
477,295,645
Warrants (4p, 6p and 8p)
64,821,706
Options (5p & 6p)
27,933,334
Fully diluted
570,050,685
Updated: 27 January 2026
Significant Shareholders
RAB Capital
4.90%
Updated: 21 October 2025
Management Holdings
Cameron Pearce
16,016,667
3.36%
Sam Quinn
10,083,334
2.11%
Mike Ralston
13,891,666
2.91%
Alex Passmore
3,566,667
0.75%
Iain Wearing  
13,461,666
2.82%
Total
57,020,000
11.95%
Updated: 27 January 2026