BLACK HORSE MINING LIMITED
ASX:BHLMaterialsToday’s holders own 60.6% of what they think they own, once every option and right converts.
Not rated — listed too recently to rate
Listed too recently — there is not enough filing history to score yet. Not rated means no assessment — not low risk.
BLACK HORSE MINING LIMITED has no share-issuance filings on record in the past 24 months. The company has not raised capital in that period. Options and rights on issue could convert into 42M new shares, equal to 65.0% of the current share count; none are in the money at the current share price, with the nearest expiry in November 2029. At the June 2026 quarter, the company reported A$5.0M in available cash, representing 18.0 quarters of funding. No proposed securities issues are pending.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 2 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 5 Aug 2026 | 3H · cancellation | BHL : ORDINARY FULLY PAID | 40.0M | Appendix 3H |
| 13 Mar 2026 | 3G · unquoted | BHL : ORDINARY FULLY PAID | 40.0M | Appendix 3G |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (40.0M) need not equal the current count above (64.6M).
Capital raises
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 42.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| BHLAB | Options | Price-triggered | — | 28 Nov 2029 | 42.0M | 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.
Director dealings
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.