Minerals Council of Australia climate plan draws criticism, page-14

Fly - they are your options which are due to expire on 31st Aug, but if you exercise them before 10 July, the Record Date for determining entitlements under the new rights issue, you can purchase more at 1 share for every 10 held at 0.028 with 1 new option for every 2 shares taken up. They are obliged to notify option holders of the offer, just as they are to shareholders. So you’re probably unlikely to exercise your options before then at 0.06 unless something dramatic was to happen, but that’s entirely your choice.