FREEHILL MINING LIMITED.
ASX:FHSMaterialsToday’s holders own 89.4% of what they think they own, once every option and right converts.
Runway under 2 quarters; share count grew 52% in 24 months; 5 cash raises in 24 months
FREEHILL MINING LIMITED. undertook a 1-for-1.5 share consolidation in October 2026. In the past 24 months the company raised capital five times for total proceeds of A$5.0M, most recently a Placement and Entitlement Offer in October 2026 raising A$1.2M. Options and rights on issue could convert into 551M new shares, equal to an 11.8% overhang of the current share count, with none in the money; the nearest expiry is May 2028. The overhang figure is adjusted for the consolidation. No funding-runway figure applies as the latest cash report has been consumed and no later quarterly cash report is on record. One proposed securities issue (Appendix 3B) is pending, with an expected date in November 2026.
Quick answers · 3
Is FHS raising capital?
Freehill Mining has 1 proposed issue of securities pending under Appendix 3B as at 28 Oct 2026; the most recent raise announced is Placement and Entitlement Offer of $1.2M on 15 Oct 2026.
How much cash does FHS have?
In its quarterly cash report for the quarter ended 30 June 2026, Freehill Mining reported $157k of cash and estimated 1.6 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do FHS's options expire?
Unexercised options and rights equal 11.8% of Freehill Mining's shares on issue; the nearest expiry is May 2028.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 22 Oct 2026 | 2A · quoted issue | FHS : ORDINARY FULLY PAID | 4.67B | Appendix 2A |
| 7 July 2026 | 2A · quoted issue | FHS : ORDINARY FULLY PAID | 4.07B | Appendix 2A |
| 26 May 2026 | 2A · quoted issue | FHS : ORDINARY FULLY PAID | 4.07B | Appendix 2A |
| 11 Mar 2026 | 2A · quoted issue | FHS : ORDINARY FULLY PAID | 4.05B | Appendix 2A |
| 23 Feb 2026 | 3H · cancellation | FHS : ORDINARY FULLY PAID | 3.55B | Appendix 3H |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
5 cash raises in the last 24 months · 2 in the last 12 months
Retail offer
An offer existing holders can take part in — the one structural advantage retail has in a raise. Dated recently and not yet recorded as complete.
Closing dates are not in the filings this site holds. Check the company's own announcement below before acting on this.
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 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
consolidation-adjusted Figures rebased for the share consolidation on record.
An exercise price is on record for only 26.2% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.0010 today. No price up to ten times today’s switches on any more priced supply.
- Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
- 406.8M (73.8% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
- 144.3M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| FHSAL | Options | Price-triggered | $0.012 | 29 May 2028 | 99.8M | Filing |
| FHSAM | Options | Price-triggered | $0.012 | 10 Oct 2028 | 44.6M | Filing |
| FHSOA | Options | Price-triggered, no exercise price stated | — | 12 June 2029 | 406.8M | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 21 July 2026 | Benjamin Jarvis | Buy on-market | 1.3M | — | — | $3k | 3Y notice |
| 12 June 2026 | Benjamin Jarvis | Other | 141.6M | 30.1M | — | $50k | 3Y notice |
| 26 May 2026 | Ben Jarvis | Other | 16.7M | — | — | $50k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.