Step 1: Count Outcomes
Out of $16$ equally likely outcomes, $X\geq1$ has $15$ outcomes (all except zero heads).
Step 2: Favourable
Among these, $X\lt3$ means $X=1$ or $2$, giving $4+6=10$ outcomes.
Step 3: Ratio
$\dfrac{10}{15}=\dfrac{2}{3}$.
Final Answer:
The ratio of outcomes gives 2/3.
\[ \boxed{\text{(D) }\dfrac{2}{3}} \]