Companies / SPQ

SUPERIOR RESOURCES LIMITED

ASX:SPQMaterials
2.64B shares on issueASX (delayed) · snapshot 11 Sept 20263.00B fully diluted+13.6% if every option and right converts$0.004price · delayed$10.6Mmarket cap · indicative

Today’s holders own 88.0% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Runway 2–4 quarters; share count grew 23% in 24 months; 3 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway3.7 quarters of funding
Share-count growth (24m)23.2%
Raise cadence (24m)3 cash raises
Options & rights overhang13.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

SUPERIOR RESOURCES LIMITED's ordinary share count grew 23.2% between September 2024 and December 2025, reaching 2.64B shares. In the past 24 months, the company raised capital three times, for total disclosed proceeds of A$2.9M. The most recent raise was a A$2.0M placement in December 2025. Options on issue could convert into 360M new shares, representing 13.6% of the current share count, with the nearest expiry in September 2026. All these options are currently out of the money. As of the June 2026 quarter, the company reported A$1.1M in available cash, sufficient to cover 3.7 quarters of its recent operating expenses. No proposed securities issues are currently 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.
13.6%
Options & rights overhang
0.0%
In-the-money supply
2
Raises · last 12 months
3.7 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 2.64B per ASX (delayed) (snapshot 11 Sept 2026).
2.2B2.4B2.6BDec 24Oct 25Sept 26Cash raise · 8 Dec 2025Cash raise · 12 Nov 2025Cash raise · 28 Mar 20252.64B

Cash runway

3.7 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about May 2027 at the reported spend rate.
$1.1M 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: $1.3M cash at quarter end (item 4.6), 4.6 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 30 June 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
29 May 20263G · unquotedSPQ : ORDINARY FULLY PAID2.64BAppendix 3G
29 May 20263G · unquotedSPQ : ORDINARY FULLY PAID2.64BAppendix 3G
19 Dec 20252A · quoted issueSPQ : ORDINARY FULLY PAID2.64BAppendix 2A
19 Dec 20252A · quoted issueSPQ : ORDINARY FULLY PAID2.37BAppendix 2A
15 Oct 20252A · quoted issueSPQ : ORDINARY FULLY PAID2.37BAppendix 2A
Free account
11 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

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

every 4.2 monthsaverage gap between raises
9.1 monthssince the most recent
28 Mar 2025 – 8 Dec 2025first to most recent in this window
$2.0M
Placement
8 Dec 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
3 dated events 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.

About 92% of the 15% placement capacity left — about 8% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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

13.6%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
359.6M
Potential new shares
Sept 2026
Nearest expiry
What a price move would switch on
179.8M359.6M$0.004 now0.25× today ($0.001) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.002) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.003) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.006) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.008) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.012) — 97.5M of the priced supply in the money, 3.7% of shares on issue5× today ($0.020) — 359.6M of the priced supply in the money, 13.6% of shares on issue10× today ($0.040) — 359.6M of the priced supply in the money, 13.6% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.004 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 97.5M (3.7% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
SPQANOptionsPrice-triggered$0.01513 Sept 202684.3MFiling
SPQACOptionsPrice-triggered$0.00910 Apr 202797.5MFiling
—OptionsPrice-triggered$0.01527 Nov 2028177.8MFiling

“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.

Free account
3 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

No director dealing notices (Appendix 3Y) on record.
Free account
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

30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 May 2026Notification regarding unquoted securities - SPQ
29 May 2026Notification regarding unquoted securities - SPQ
8 May 2026Results of Meeting
29 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
7 Apr 2026Notice of General Meeting/Proxy Form
13 Mar 2026Half Year Accounts
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
19 Dec 2025Cleansing Notice Under Section 708A
19 Dec 2025Application for quotation of securities - SPQ
19 Dec 2025Application for quotation of securities - SPQ
14 Dec 2025Update - Proposed issue of securities - SPQ
14 Dec 2025$PAdditional Strategic Binding Commitments Secured
10 Dec 2025Proposed issue of securities - SPQ
10 Dec 2025Proposed issue of securities - SPQ
10 Dec 2025$PCOMPLETION OF CAPITAL RAISE
8 Dec 2025$PTrading Halt
8 Dec 2025$PPause in Trading
7 Dec 2025$PMajor drilling programs targeting gold & copper at Greenvale
5 Dec 2025Amended Announcement - Steam Engine MRE Update

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