SOUTHERN CROSS GOLD CONSOLIDATED LTD.

ASX:SX2Materials

269.7M shares on issueASX (delayed) · snapshot 11 Sept 2026270.9M fully diluted+0.5% if every option and right converts$12.73price · delayed$3.43Bmarket cap · indicative

Today’s holders own 99.5% of what they think they own, once every option and right converts.

Low

Dilution riskprovisional — limited history

Share count grew 27% in 24 months; 1 cash raise in 24 months

Absolute levels — not a ranking against other companies.

Cash runwayno data — not a quarterly (4C/5B) cash filer

Share-count growth (24m)26.7%measured to the latest Appendix 2A, not to the share count above

Raise cadence (24m)1 cash raise

Options & rights overhang0.5% of shares

In-the-money supplyno data — no exercise price on record

Pending proposed issuesnone

SOUTHERN CROSS GOLD CONSOLIDATED LTD. had a share count of 270M as of September 2026. The company completed one capital raise in the past 24 months, a placement in April 2025 that generated A$162.2M. Options and rights on issue could convert into 1M new shares, representing 0.5% of the current share count. An expiry date for these securities is not on record. The company has not disclosed a current cash balance or funding runway. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 7 Sept 2026

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0.5%

Options & rights overhang

—

In-the-money supply · no stated strikes

Raises · last 12 months

—

Cash cover · not a quarterly filer

Shares on issue — last 2 years

Ordinary shares on issue

Weekly counts from ASX records. Dots mark cash capital raises. Latest count 269.7M per ASX (delayed) (snapshot 11 Sept 2026).

Cash runway

Not a quarterly cash filer. This company does not lodge Appendix 4C/5B quarterly cash reports, so cash runway does not apply.

Issuance timeline

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

Date	Form	Security	On issue, per this filing	Source
4 Sept 2026	3H · cancellation	SX2 : CHESS DEPOSITARY INTERESTS 1:1	158.2M	Appendix 3H
4 Sept 2026	2A · quoted issue	SX2 : CHESS DEPOSITARY INTERESTS 1:1	158.2M	Appendix 2A
12 Aug 2026	3G · unquoted	CHESS DEPOSITARY INTERESTS 1:1	158.2M	Appendix 3G
12 Aug 2026	3H · cancellation	SX2 : CHESS DEPOSITARY INTERESTS 1:1	158.2M	Appendix 3H
27 July 2026	3H · cancellation	CHESS DEPOSITARY INTERESTS 1:1	158.9M	Appendix 3H

Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (158.2M) need not equal the current count above (269.7M).

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44 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

1 cash raise in the last 24 months · 0 in the last 12 months

$162.2M

Placement

28 Apr 2025

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10 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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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

0.5%

Options & rights overhang · of current shares

—

In-the-money supply · no stated strikes

1.3M

Potential new shares

—

Nearest expiry

What this supply is, and what converts it

Price-triggered1.1M · 0.4% of shares
Options and warrants — they convert when the share price clears their exercise price.
No exercise price is on record for any of it, so none of it can be called in or out of the money.
Condition-triggered160k · 0.1% 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: 0 priced, 1.3M 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

No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 1.3M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.

Code	Security	Type	Exercise price	Expiry	On issue	Source
SX2AB	—	Condition-triggered	—	—	160k	Filing
SX2AA	Options	Price-triggered	—	—	1.1M	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.

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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

Date	Director	Type	Shares	Options	Other	Value	Source
14 Apr 2026	Mr David Henstridge	Other	1.4M	—	—	—	3Y notice
14 Apr 2026	Mr Ernest Thomas (Tom) Eadie	Other	1.6M	—	—	—	3Y notice
14 Apr 2026	Mr Michael Hudson	Sell on-market	3.3M	3.3M	—	$2.0M	3Y notice