Companies / SVG

SAVANNAH GOLDFIELDS LIMITED

ASX:SVGMaterials
2.24B shares on issueASX (delayed) · snapshot 11 Sept 20262.80B fully diluted+24.8% if every option and right converts$0.007price · delayed$15.7Mmarket cap · indicative

Today’s holders own 80.1% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 698% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway0.0 quarters of funding
Share-count growth (24m)697.5%
Raise cadence (24m)4 cash raises
Options & rights overhang24.8% of shares
In-the-money supplyno data — an exercise price is on record for a minority of the supply
Pending proposed issuesnone

SAVANNAH GOLDFIELDS LIMITED's ordinary share count grew 697.5% between March 2024 and May 2026, to 2.24B shares. In the past 24 months, the company raised capital four times for total disclosed proceeds of A$29.8M, with the most recent being a A$1.5M placement in May 2026. Options and rights on issue could convert into 556M new shares, representing 24.8% of the current share count, with the nearest expiry in December 2026; none are currently in the money. As of the June 2026 quarter, the company reported A$25K in available cash, covering approximately 0.0 quarters of its recent operational expenditure. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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24.8%
Options & rights overhang
In-the-money supply · most strikes not on record
1
Raises · last 12 months
0.0 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 2.24B per ASX (delayed) (snapshot 11 Sept 2026).
0.5B1.0B1.5B2.0BDec 24Oct 25Sept 26Cash raise · 7 May 2026Cash raise · 22 Aug 2025Cash raise · 29 Jan 2025Cash raise · 31 Dec 20242.24B

Cash runway

0.0 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$13k 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: $928k cash at quarter end (item 4.6), 2.6 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
18 May 20262A · quoted issueORDINARY FULLY PAID2.24BAppendix 2A
18 May 20263G · unquotedORDINARY FULLY PAID2.24BAppendix 3G
11 May 20262A · quoted issueSVG : ORDINARY FULLY PAID2.24BAppendix 2A
11 Dec 20253G · unquotedSVG : ORDINARY FULLY PAID2.14BAppendix 3G
26 Oct 20253G · unquotedORDINARY FULLY PAID2.14BAppendix 3G
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26 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 5.4 monthsaverage gap between raises
4.2 monthssince the most recent
31 Dec 20247 May 2026first to most recent in this window
$1.5M
Placement
7 May 2026
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5 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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4 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.

About 50% of the 15% placement capacity left — about 50% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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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

24.8%
Options & rights overhang · of current shares
In-the-money supply · most strikes not on record
555.8M
Potential new shares
Dec 2026
Nearest expiry
What this supply is, and what converts it
  • Price-triggered543.0M · 24.2% of shares
    Options and warrants — they convert when the share price clears their exercise price.
    At least 520.0M of it states no exercise price — that much cannot be called in or out of the money.
  • Condition-triggered12.8M · 0.6% of shares
    Performance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.

Exercise price on record: 23.0M priced, 532.8M 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
277.9M555.8M$0.007 now0.25× today ($0.002) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.005) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.009) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.014) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.021) — 20.0M of the priced supply in the money, 0.9% of shares on issue5× today ($0.035) — 23.0M of the priced supply in the money, 1.0% of shares on issue10× today ($0.070) — 23.0M of the priced supply in the money, 1.0% of shares on issue0.25×0.5×0.75×now1.25×1.5×10×

An exercise price is on record for only 4.1% of this supply, so what is in the money today is not a measurement — the tile above reads “—” for that reason. Of the priced supply, 0 is in the money at $0.007 today. No more priced supply until today’s price, which takes it to 20.0M (0.9% 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.
  • 532.8M (95.9% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
CodeSecurityTypeExercise priceExpiryOn issueSource
SVGOBOptionsPrice-triggered31 Dec 2026520.0MFiling
SVGABOptionsPrice-triggered$0.02014 Apr 202820.0MFiling
SVGACOptionsPrice-triggered$0.03030 June 20291.5MFiling
SVGADOptionsPrice-triggered$0.03030 June 20301.5MFiling
SVGAMPerformance rightsCondition-triggered12.8MFiling Meeting

“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.

A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.

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5 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
12 Dec 2025Stephen Grant BizzellOther814k$228k3Y notice
26 Oct 2025Richard Stacy AnthonBuy4.7M2.5M3Y notice
16 Oct 2025Mark BakerBuy placement1.9M933k3Y notice
16 Oct 2025Peter WrightBuy placement4.9M2.4M3Y notice
16 Oct 2025Stephen Grant BizzellBuy placement40.0M20.0M3Y notice
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20 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

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