HIGHFIELD RESOURCES LIMITED

ASX:HFRMaterialsSuspended from quotation

474.1M shares on issueASX (delayed) · snapshot 11 Sept 2026478.9M fully diluted+1.0% if every option and right converts$0.019price · delayed—market cap · indicative

Today’s holders own 99.0% of what they think they own, once every option and right converts.

Not rated

Dilution risk

Not rated — the company is suspended from quotation

This company is suspended from ASX quotation. Scoring is paused until it resumes trading. Not rated means no assessment — not low risk.

Not placed on this scale.

Cash runway0.3 quarters of funding

Share-count growth (24m)12.3%

Raise cadence (24m)4 cash raises

Options & rights overhang1.0% of shares

In-the-money supplyno data — no exercise price on record

Pending proposed issuesnone

HIGHFIELD RESOURCES LIMITED's ordinary share count grew 12.3% between September 2024 and January 2025, to 474M shares. In the past 24 months, the company completed four capital raises totaling A$41.9M, with the most recent being A$10.0M from Convertible Notes / Convertible Note Facility in October 2025. Options on issue could convert into 5M new shares, representing 1.0% of the current share count, with none of these options currently in the money; an expiry date for these securities is not stated on record. As of the June 2026 quarter, the company reported A$596K in available cash, covering approximately 0.3 quarters of funding at its recent expenditure rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026

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1.0%

Options & rights overhang

—

In-the-money supply · no stated strikes

Raises · last 12 months

0.3 qtrs

Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue

Weekly counts from ASX records. Dots mark cash capital raises. Latest count 474.1M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

0.3 qtrs

Less than two quarters of funding at the recent spend rate — near-term funding pressure.

The latest quarterly report funded operations to about July 2026 — that date has passed, and no later report is on record.

$574k cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $1.5M cash at quarter end (item 4.6), 0.8 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.

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11 quarters on record — Cash runway history

Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.

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Issuance timeline

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

Date	Form	Security	On issue, per this filing	Source
28 July 2026	3G · unquoted	HFR : ORDINARY FULLY PAID	474.1M	Appendix 3G
27 May 2026	3G · unquoted	HFR : ORDINARY FULLY PAID	474.1M	Appendix 3G
15 Jan 2026	3H · cancellation	HFR : ORDINARY FULLY PAID	474.1M	Appendix 3H
15 Dec 2025	3G · unquoted	HFR : ORDINARY FULLY PAID	474.1M	Appendix 3G
7 July 2025	3H · cancellation	HFR : ORDINARY FULLY PAID	474.1M	Appendix 3H

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16 filings on record — Full issuance history

Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).

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Capital raises

4 cash raises in the last 24 months · 1 in the last 12 months

every 4.2 monthsaverage gap between raises

10.9 monthssince the most recent

23 Sept 2024 – 14 Oct 2025first to most recent in this window

$10.0M

Convertible Notes / Convertible Note Facility

14 Oct 2025 ACTIVE

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4 raises on record — Full raise history

Issue price, shares issued, brokers and stated purpose for every raise on record.

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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.

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Forward supply calendar

Option expiries and proposed issues on one forward timeline, with the securities each could add.

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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).

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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.

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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

1.0%

Options & rights overhang · of current shares

—

In-the-money supply · no stated strikes

4.8M

Potential new shares

—

Nearest expiry

What this supply is, and what converts it

Price-triggered4.8M · 1.0% of shares
Options and warrants — they convert when the share price clears their exercise price.
No exercise price is on record for any of it, so none of it can be called in or out of the money.
Converts on terms3k · 0.0% of shares
Convertibles with no exercise price — they convert on their own terms, so they are shares in all but name.

Exercise price on record: 0 priced, 4.8M 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

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 4.8M 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
HFRAAA	Notes	Converts on terms	—	—	3k	Filing
HFRAZ	Options	Price-triggered	—	—	4.8M	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.

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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.

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