Companies / SUH

SOUTHERN HEMISPHERE MINING LIMITED

ASX:SUHMaterials
736.2M shares on issueASX (delayed) · snapshot 11 Sept 2026751.7M fully diluted+2.1% if every option and right converts$0.034price · delayed$25.0Mmarket cap · indicative

Today’s holders own 97.9% of what they think they own, once every option and right converts.

Low
Dilution risk

Runway under 2 quarters

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway-0.8 quarters of funding
Share-count growth (24m)0.0%
Raise cadence (24m)0 cash raises
Options & rights overhang2.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

SOUTHERN HEMISPHERE MINING LIMITED had 736M shares outstanding as of June 2024. The company has not lodged any new share-issuance filings since January 2024 and has not raised capital in the past 24 months. There are options on issue that could convert into 16M shares, representing 2.1% of the current share count; none are in the money at present, and the nearest expiry is June 2027. As of the June 2026 quarter, the company reported an available cash balance of A$-1.3M, indicating a funding deficit. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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2.1%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
-0.8 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 736.2M per ASX (delayed) (snapshot 11 Sept 2026).
732.5M735.0M737.5M740.0MDec 24Oct 25Sept 26736.2M

Cash runway

-0.8 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$-1.3M 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: $110k cash at quarter end (item 4.6), 0.6 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.
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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)

DateFormSecurityOn issue, per this filingSource
17 Aug 20263G · unquotedSUH : ORDINARY FULLY PAID736.2MAppendix 3G
31 July 20263H · cancellationSUH : ORDINARY FULLY PAID736.2MAppendix 3H
17 June 20242A · quoted issueSUH : ORDINARY FULLY PAID736.2MAppendix 2A
17 June 20243G · unquotedSUH : ORDINARY FULLY PAID590.5MAppendix 3G
22 Feb 20242A · quoted issueSUH : ORDINARY FULLY PAID590.5MAppendix 2A
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5 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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2 dated events 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

2.1%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
15.5M
Potential new shares
June 2027
Nearest expiry
What a price move would switch on
7.8M15.5M$0.034 now0.25× today ($0.009) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.017) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.026) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.034) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.043) — 14.5M of the priced supply in the money, 2.0% of shares on issue1.5× today ($0.051) — 14.5M of the priced supply in the money, 2.0% of shares on issue2× today ($0.068) — 14.5M of the priced supply in the money, 2.0% of shares on issue3× today ($0.102) — 15.5M of the priced supply in the money, 2.1% of shares on issue5× today ($0.170) — 15.5M of the priced supply in the money, 2.1% of shares on issue10× today ($0.340) — 15.5M of the priced supply in the money, 2.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.034 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 14.5M (2.0% 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
SUHATOptionsPrice-triggered$0.1017 June 20271.0MFiling
—OptionsPrice-triggered$0.03530 June 203114.5MFiling

“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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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
4 Sept 2026Mr Mark StowellBuy on-market200k——$7k3Y notice
30 Apr 2026Mr Richard CaldwellBuy on-market200k——$4k3Y notice
2 Apr 2026Mr Richard CaldwellBuy on-market600k——$14k3Y notice
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14 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

11 Sept 2026Change of Director's Interest Notice
10 Sept 2026Diamond Drilling to Commence at Llahuin, Chile
4 Sept 2026Change of Director's Interest Notice
31 Aug 2026$PFurther Large Zones of Copper Mineralisation - Llahuin
17 Aug 2026Notification regarding unquoted securities - SUH
3 Aug 2026$PLarge Zones Of Copper Mineralisation Intersected At Llahuin
31 July 2026Investor Presentations - Australia, Hong Kong and Singapore
31 July 2026Notification of cessation of securities - SUH
27 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
20 July 2026Notice of Upcoming Expiry of Unlisted Options
10 June 2026$PAmended Visible Copper Mineralisation in Ongoing Drilling
8 June 2026$PVisible Copper Mineralisation Logged in Ongoing Drilling
31 May 2026$PTarget L Assays Confirm Broad Mineralised Porphyry System
6 May 2026$PDiamond Drilling Program Commenced To Expand Llahuin
30 Apr 2026Change of Director's Interest Notice
23 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
12 Apr 2026$PAssays Confirms Prospectivity at Southern Porphyry
9 Apr 2026Change of Director's Interest Notice
30 Mar 2026$PMineralised Stockwork Breccia and Porphyry at Target L
9 Mar 2026Half Yearly Report and Accounts

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