RED HILL MINERALS LIMITED

ASX:RHIMaterials

64.2M shares on issueASX (delayed) · snapshot 11 Sept 202666.4M fully diluted+3.3% if every option and right converts$4.63price · delayed$297.4Mmarket cap · indicative

Today’s holders own 96.8% of what they think they own, once every option and right converts.

Minimal

Dilution risk

No major dilution pressure signals in current disclosures

Absolute levels — not a ranking against other companies.

Cash runwaycash-generative (no net burn)

Share-count growth (24m)0.2%

Raise cadence (24m)0 cash raises

Options & rights overhang3.3% of shares

In-the-money supply0.0% of shares

Pending proposed issuesnone

RED HILL MINERALS LIMITED's ordinary share count was 64M as of March 2026, up 0.2% since July 2024. The company has not raised capital in the past 24 months and has no pending proposed issues. Options and rights on issue could convert into 2M new shares, representing 3.3% of the current share count, with the nearest expiry in April 2031; none are currently in the money. At the June 2026 quarter, the company reported A$73.5M in available cash and non-negative net cash flow, meaning no funding runway figure applies.

AI-generated summary of this page's cited filings · updated 10 Sept 2026

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3.3%

Options & rights overhang

0.0%

In-the-money supply

Raises · last 12 months

No net burn

Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue

Weekly counts from ASX records. Dots mark cash capital raises. Latest count 64.2M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

—

The latest quarterly report shows no net cash burn, so there is no cash-out date.

$73.5M 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: $62.8M cash at quarter end (item 4.6). 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
24 July 2026	3G · unquoted	RHI : ORDINARY FULLY PAID	64.2M	Appendix 3G
1 May 2026	3G · unquoted	RHI : ORDINARY FULLY PAID	64.2M	Appendix 3G
9 Mar 2026	2A · quoted issue	RHI : ORDINARY FULLY PAID	64.2M	Appendix 2A
8 July 2024	2A · quoted issue	RHI : ORDINARY FULLY PAID	64.1M	Appendix 2A
28 June 2024	3H · cancellation	RHI : ORDINARY FULLY PAID	63.9M	Appendix 3H

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6 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

No equity raises in the last 24 months.

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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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1 dated event on record — 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

3.3%

Options & rights overhang · of current shares

0.0%

In-the-money supply · at current price

2.1M

Potential new shares

Apr 2031

Nearest expiry

What a price move would switch on

At $4.63 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 2.1M (3.3% of shares).

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.

Code	Security	Type	Exercise price	Expiry	On issue	Source
RHIAC	Options	Price-triggered	$5.50	30 Apr 2031	2.1M	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.

1 class ceased in the last 12 months and is not counted above

The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.