Companies / HAV

HAVILAH RESOURCES LIMITED

ASX:HAVMaterials
354.0M shares on issueASX (delayed) · snapshot 11 Sept 2026361.8M fully diluted+2.2% if every option and right converts$0.84price · delayed$297.3Mmarket cap · indicative

Today’s holders own 97.8% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Runway 2–4 quarters; 2 cash raises in 24 months; share count grew 8% in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway2.2 quarters of funding
Share-count growth (24m)8.1%
Raise cadence (24m)2 cash raises
Options & rights overhang2.2% of shares
In-the-money supply1.5% of shares
Pending proposed issuesnone

HAVILAH RESOURCES LIMITED's ordinary share count grew 8.1% between September 2024 and May 2026, to 354M shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$6.1M, most recently a A$2.0M placement in July 2025. Options and rights on issue could convert into 8M new shares, equal to 2.2% of the current share count, of which 2% are in the money; the nearest expiry falls in December 2027. At the July 2026 quarter the company reported A$33.7M in available cash, about 2.2 quarters of funding. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
Get told when this changes
Set up alerts
Daily email alerts cover risk-level moves, new raises, pending proposed issues and option expiries for the companies you follow.
2.2%
Options & rights overhang
1.5%
In-the-money supply
0
Raises · last 12 months
2.2 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 354.0M per ASX (delayed) (snapshot 11 Sept 2026).
340M345M350M355MDec 24Oct 25Sept 26Cash raise · 28 July 2025354.0M

Cash runway

2.2 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about Feb 2027 at the reported spend rate.
$33.5M cash after burn from the quarter ended 31 July 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $40.9M cash at quarter end (item 4.6), 1.8 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
Free account
11 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 July 2026.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
18 May 20262A · quoted issueHAV : ORDINARY FULLY PAID354.0MAppendix 2A
27 Jan 20262A · quoted issueHAV : ORDINARY FULLY PAID353.9MAppendix 2A
9 Dec 20252A · quoted issueHAV : ORDINARY FULLY PAID351.9MAppendix 2A
9 Dec 20253H · cancellationHAV : ORDINARY FULLY PAID350.4MAppendix 3H
6 Nov 20253H · cancellationHAV : ORDINARY FULLY PAID350.4MAppendix 3H
Free account
16 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Capital raises

2 cash raises in the last 24 months · 0 in the last 12 months

every 10.2 monthsaverage gap between raises
13.5 monthssince the most recent
19 Sept 2024 – 28 July 2025first to most recent in this window
$2.0M
Placement
28 July 2025
Free account
3 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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.

Free account
1 dated event on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
Free account
Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

2.2%
Options & rights overhang · of current shares
1.5%
In-the-money supply · at current price
7.8M
Potential new shares
Dec 2027
Nearest expiry
What this supply is, and what converts it
  • Price-triggered5.5M · 1.5% of shares
    Options and warrants — they convert when the share price clears their exercise price.
  • Condition-triggered2.4M · 0.7% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 5.5M priced (of which 5.5M in the money), 2.4M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.

Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.

What a price move would switch on
3.9M7.8M$0.84 now0.25× today ($0.21) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.42) — 5.5M of the priced supply in the money, 1.5% of shares on issue0.75× today ($0.63) — 5.5M of the priced supply in the money, 1.5% of shares on issue1× today ($0.84) — 5.5M of the priced supply in the money, 1.5% of shares on issue1.25× today ($1.05) — 5.5M of the priced supply in the money, 1.5% of shares on issue1.5× today ($1.26) — 5.5M of the priced supply in the money, 1.5% of shares on issue2× today ($1.68) — 5.5M of the priced supply in the money, 1.5% of shares on issue3× today ($2.52) — 5.5M of the priced supply in the money, 1.5% of shares on issue5× today ($4.20) — 5.5M of the priced supply in the money, 1.5% of shares on issue10× today ($8.40) — 5.5M of the priced supply in the money, 1.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.84 today, 5.5M securities are in the money (1.5% of shares on issue). 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.
  • 2.4M (30.4% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
HAVABOptionsPrice-triggered$0.3321 Dec 20275.5MFiling
HAVACPerformance rightsCondition-triggered——2.4MFiling Meeting

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

Free account
2 option lines on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
23 June 2026Victor PrevinOther off-market3.5M1.0M——3Y notice
18 May 2026Simon GrayOther on-market50k1.5M—$13k3Y notice
16 Feb 2026Simon GraySell on-market656k1.5M—$38k3Y notice
Free account
5 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Free account: 2 full company unlocks every month, no card.
Create free accountSee plans

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Free account: 2 full company unlocks every month, no card.
Create free account

Latest announcements

2 Sept 2026Presentation, Copper to the World Conference 2026
28 Aug 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
30 July 2026$PSharewise Webinar Presentation
27 July 2026$PExploration Drilling and Kalkaroo Update - Clarification
20 July 2026$PExploration Drilling and Kalkaroo Update
26 June 2026Change of Director's Interest Notice
28 May 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
20 May 2026$PHillgrove and Havilah Enter Mutooroo Partnership
19 May 2026Appendix 3Y
18 May 2026Application for quotation of securities - HAV
14 Apr 2026Half Yearly Report and Accounts
8 Apr 2026$PRRS Gather Round 2026 Presentation
13 Mar 2026$PBirksgate Drilling Highlights Widespread Stratabound Copper
26 Feb 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
23 Feb 2026$PPayments Received Under Sandfire Agreements
18 Feb 2026Change of Director's Interest Notice
6 Feb 2026Results of Meeting
27 Jan 2026Application for quotation of securities - HAV
4 Jan 2026Chairman's Letter re Proposed Transaction for Kalkaroo
4 Jan 2026Notice of General Meeting/Proxy Form

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.