Past year: ▲ 800%(0.30c – 10.0c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
18 Aug 2026director officer appointment● Neutral
Company Secretary Catherine Friedlander, in the role since March 2021, resigned effective 17 August 2026. Administrator Jeremy Nipps handles ASX communications until a replacement is named. Administrative.
11 Aug 2026other● Neutral
The Supreme Court of WA extended the deadline to convene the creditors' second meeting to 11 November 2026. The first meetings were held on 23 July. It may be held earlier, depending on the administrators' investigations and restructuring options.
4 Aug 2026regulatory community update● Neutral
Administrators will use ASIC relief to defer Pilot's financial reporting. The half-year report to 31 March 2026 is deferred for at least six months, and up to 24 months (to 13 July 2028). Procedural, with no new financial information.
14 July 2026listing compliance notice▼ Bad
ASX suspends Pilot's securities under Listing Rule 17.3, finding its financial condition inadequate to justify continued quotation (breach of Listing Rule 12.2). This follows the administrators' appointment. Suspension continues until ASX is satisfied of compliance.
14 July 2026bankruptcy or receivership▼ BadMajor
Having failed to secure funding or a strategic partner, the board appointed Cor Cordis voluntary administrators to Pilot and two subsidiaries on 13 July 2026. This ends the 2 April suspension saga. Shares stay suspended, and the outcome for shareholders is not stated.
10 July 2026listing compliance notice● Neutral
ASX's list of entities suspended for over three months. The visible text does not show Pilot's entry, since the list is truncated, so any Pilot-specific deadlines are not confirmed here. Administrative.
25 June 2026debt financing▼ Bad
Pilot remains suspended with strategic and funding talks ongoing and no certainty of a binding deal. It has not lodged half-year accounts. It took $500,000 in unsecured 10% loans due 30 September 2026, $450,000 from the Chairman's Discovery Investments.
18 May 2026debt financing● NeutralMajor
Pilot has a binding convertible note facility for up to $1.1m from investors including Chairman Greg Columbus's Discovery syndicate. The $1.1m is already advanced, with notes subject to shareholder approval. The appendix describes up to $2m in total, a 12-month term and a 15% coupon.
30 Apr 2026quarterly activities report● Neutral
Quarterly report to 31 March 2026. It confirms the data centre began commercial operation on 25 April and says the SN Energy Three Springs deal has no completed due diligence or definitive documents, with no certainty it will complete. Funding and strategic talks continue.
29 Apr 2026production update▲ GoodMajor
The first 1 MW Dongara Data Centre module, built with Kala Data at the Cliff Head plant, was commissioned and started operating, on schedule and within budget. Only 0.4 MW of computing is installed so far; expansion to 4 MW in the second half of 2026 depends on this module performing.
16 Apr 2026asset acquisition disposition▼ BadMajor
Pilot remains suspended with funding and strategic talks unfinished. It grants Triangle Energy an option on 7.5% of WA-481-P for a $250,000 loan due 30 June 2026, plus a further 2.5% option for $500,000. Directors lend another $250,000.
8 Apr 2026listing compliance notice▼ BadMajor
ASX says Pilot could not announce on 8 April, so the suspension continues until ASX is satisfied it is complying with listing rules. No reinstatement date is set. The funding and strategic initiatives remain undisclosed.
2 Apr 2026listing compliance notice● NeutralMajor
At Pilot's request, ASX suspends the shares from 2 April 2026 while the company negotiates a range of funding and strategic initiatives. Pilot expects to announce on 8 April, saying talks are taking longer than anticipated. Trading was halted on 31 March.
31 Mar 2026other● Neutral
ASX pauses trading in Pilot's securities pending a further announcement. No reason is given in this notice. It is a trading halt that later proved to precede a suspension.
30 Mar 2026admin correction● Neutral
Further corrections to the Appendix 3Y director interest notices for Brad Lingo and Alex Sundich. Lingo's revised notice shows 1,388,889 placement shares and attaching options acquired. Administrative only.
13 Mar 2026joint venture update● Neutral
The first 1 MW Dongara data centre modules have reached the Cliff Head plant and civil works have started. Start-up is now forecast for early April 2026, slipping from the week of 23 March given in January.
10 Mar 2026admin correction● Neutral
Corrects typographical errors in earlier appendices: adviser options are 40m at $0.0036 expiring 26 February 2027, and director interest change dates are 3 March 2026. The notices show directors received placement shares and options. Administrative only.
6 Mar 2026capital raising announcement▲ GoodMajor
Pilot secures a three-year, A$25m equity facility from LDA Capital, drawn at Pilot's option by issuing shares at 90% of recent average price. Costs are a A$500,000 fee and options over 7,386,062 shares at $0.09. This adds a flexible funding source, but any draw dilutes shareholders.
What it means for a shareholder
7.4m new shares at A$0.090 to raise about A$500,000. That's 1.4% dilution: every existing holder's slice gets 1.4% smaller. If you held A$1,000 of shares (11,111 at the issue price), your slice goes from 0.00216% to 0.00213% of the company. To keep it you'd need 159 more shares - about A$14 at the issue price.
Create a free account to see this worked out for your own holding.
26 Feb 2026regulatory community update▲ Good
All nine modules for the Capture6 direct air capture demonstration (Project Wallaby) are fabricated, with the facility expected operational in June 2026. It is part of the Cliff Head carbon storage plan, supported by the $6.5m Commonwealth grant announced in 2024.
25 Feb 2026director officer appointment● NeutralMajor
Brian Siddall, formerly Beach Energy's WA general manager, becomes CEO immediately on a $300,000 base salary, with Brad Lingo assisting during a transition. This follows the CEO recruitment under way. The text also confirms the share consolidation was approved at the 24 February AGM.
24 Feb 2026investor presentation● Neutral
AGM managing director presentation for 24 February 2026, covering investment highlights, corporate snapshot and shareholder analysis (8 Rivers 9%, board and management 3%). Text is truncated; no new commercial information seen.
12 Feb 2026agm notice● Neutral
Supplementary notice for the 24 February 2026 AGM adds further resolutions to the 23 January notice. The text does not say what the added resolutions are. Administrative.
30 Jan 2026quarterly activities report● Neutral
December 2025 quarterly restates known items: Dongara data centre 1 MW module due to start by end March 2026, SN Energy Three Springs heads of agreement, WA-481-P farmout shortlist, Strike option sale, Finport and Radium facilities, and the $3.44m placement with 1:25 consolidation. No new figures seen; text truncated.
28 Jan 2026capital raising announcement● NeutralMajor
Pilot raises $3.44m through a placement of 955.6m shares at $0.0036, a 10% discount, well below April 2025's $0.010 raise. Each share carries a free option at $0.0036. Funds go mainly to Cliff Head operations. Directors take about $200k, subject to approval; second tranche follows the 24 February meeting.
What it means for a shareholder
956m new shares at A$0.0036 to raise about A$3.4m. That's 31% dilution: every existing holder's slice gets 31% smaller. If you held A$1,000 of shares (277,778 at the issue price), your slice goes from 0.0128% to 0.00888% of the company. To keep it you'd need 122,272 more shares - about A$440 at the issue price.
Create a free account to see this worked out for your own holding.
23 Jan 2026admin correction● Neutral
Corrects a typographical error in the AGM notice: the voting eligibility cut-off is 4:00pm AWST, not 5:00pm.
23 Jan 2026security holder rights change● Neutral
Formal notice of the 1:25 consolidation covering shares, listed and unlisted options and 39 convertible notes with $12.99m face value. Conversion prices adjust, for example $0.015 to $0.375. Repeats the timetable in the main announcement, with trading from 9 March 2026.
23 Jan 2026security holder rights change● NeutralMajor
Pilot proposes a 1-for-25 consolidation of shares, options and convertible notes, subject to shareholder approval at the 24 February 2026 meeting. Holders keep the same percentage interest; the aim is a higher nominal share price. Record date 27 February.
22 Jan 2026joint venture update▲ Good
The Kala data centre at Arrowsmith is renamed Dongara Data Centre. The first 1 MW unit is now due to start up in the week of 23 March 2026, expanding to 4 MW by mid-2026. Pilot expects near-term positive cash flow. Slightly later than the earlier 'Q1 2026' plan.
6 Jan 2026joint venture update▲ GoodMajor
Pilot signs a binding heads of agreement with SN Energy to jointly develop a hybrid solar and battery project at Three Springs, with a possible 50MW data centre. Pilot receives $10.75m in upfront and milestone payments, plus development costs. It follows the earlier non-binding $11.5m offer. A definitive agreement is due February 2026; Pilot also took a $500k shareholder loan.
5 Jan 2026agm notice● Neutral
Pilot will hold its 2026 AGM on 24 February 2026. Director nominations close 12 January 2026. Administrative notice.
