Companies / SPD

SOUTHERN PALLADIUM LIMITED

ASX:SPDMaterials
132.3M shares on issueASX (delayed) · as of 28 July 2026$1.44price · delayed$172.0Mmarket cap · indicative
C
Dilution grade

Share count grew 47% in 24 months; runway 4–8 quarters; 1% of shares in the money

Cash runway7.1 quarters of funding
Share-count growth (24m)47.4%
Raise cadence (24m)0 cash raises
Options & rights overhang2.5% of shares
In-the-money supply0.6% of shares
Pending proposed issuesnone

SOUTHERN PALLADIUM LIMITED's ordinary share count grew 47.4% between June 2024 and June 2026, to 132M shares. The company did not raise capital in the 24-month window covered. Options and rights on issue could convert into 3M new shares, equal to 2.5% of the current share count, of which 1% are in the money at the current share price; the nearest expiry is September 2027. At the March 2026 quarter the company reported A$17.4M in available cash, covering about 7.1 quarters at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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2.5%
Max option dilution
0.6%
ITM option dilution
0
Raises · last 12 months
7.1 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 132.3M per ASX (delayed) (28 July 2026).
99.6M111.6M123.6MDec 24Sept 25July 26

Cash runway

7.1 qtrs
More than four quarters of funding at the recent spend rate.
$17.4M available cash at quarter ended 31 Mar 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 31 Mar 2026.
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Issuance timeline

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

DateFormSecurityTotal on issue afterSource
8 June 20263H · cancellationSPD : ORDINARY FULLY PAID132.3MAppendix 3H
1 June 20262A · quoted issueSPD : ORDINARY FULLY PAID132.3MAppendix 2A
28 May 20262A · quoted issueSPD : ORDINARY FULLY PAID131.6MAppendix 2A
27 May 20262A · quoted issueSPD : ORDINARY FULLY PAID131.6MAppendix 2A
11 May 20262A · quoted issueSPD : ORDINARY FULLY PAID128.0MAppendix 2A
Paid plan
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.
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

2.5%
Total overhang · of current shares
0.6%
In the money · at current price
3.3M
Potential new shares
Sept 2027
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
28 May 2026Daan van HeerdenOther100k100k—3Y notice
27 May 2026Roger BaxterBuy10k——3Y notice
27 May 2026Nicolaas Johannes OdendaalOther100k100k—3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

23 July 2026SPD presentation to Noosa Mining Investor Conference
8 July 2026$PDFS Metallurgical - Outstanding PGM and Chromite Recoveries
8 June 2026Notification of cessation of securities - SPD
1 June 2026Notice under Section 708A(5)(e) of the Corporations Act
1 June 2026Application for quotation of securities - SPD
28 May 2026Change of Director's Interest Notice - Daan van Heerden
28 May 2026Notice under Section 708A(5)(e) of the Corporations Act
28 May 2026Application for quotation of securities - SPD
28 May 2026Change of Director's Interest Notice - Johan Odendaal
27 May 2026Change of Director's Interest Notice - Roger Baxter
27 May 2026Change of Director's Interest Notice - Lindi Nkosi-Thomas
27 May 2026Notice under Section 708A(5)(e) of the Corporations Act
27 May 2026Application for quotation of securities - SPD
22 May 2026Change of Director's Interest Notice - Roger Baxter
13 May 2026Change of Interests of Substantial Holder - Robert Keith
12 May 2026Change of Director's Interest Notice - Roger Baxter
11 May 2026Change of Director's Interest Notice - Rob Thomson
11 May 2026Change of Director's Interest Notice - Mike Stirzaker
11 May 2026Notice under Section 708A(5)(e) of the Corporations Act
11 May 2026Application for quotation of securities - SPD

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.