Companies / BHM

BROKEN HILL MINES LIMITED

ASX:BHMMaterials
166.0M shares on issueASX (delayed) · as of 28 July 2026$0.72price · delayed$119.5Mmarket cap · indicative
F
Dilution grade

Runway under 2 quarters; share count grew 54% in 24 months; options/rights overhang 59% of shares

Cash runway1.6 quarters of funding
Share-count growth (24m)53.5%
Raise cadence (24m)2 cash raises
Options & rights overhang59.4% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

BROKEN HILL MINES LIMITED's ordinary share count grew 53.5% between August 2025 and July 2026, to 166M shares. The company raised capital twice in the past 24 months for total proceeds of A$77.0M, most recently a A$38.5M placement in October 2025. Options and rights on issue could convert into 99M new shares, equal to 59.4% of the current share count, of which 0% are in the money at the current share price; the nearest expiry is May 2029. At the March 2026 quarter the company reported A$21.4M in available cash, about 1.6 quarters of funding 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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59.4%
Max option dilution
0.0%
ITM option dilution
2
Raises · last 12 months
1.6 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 166.0M per ASX (delayed) (28 July 2026).
197.7M241.5M285.2MJuly 25Jan 26July 26Cash raise · 17 Oct 2025Cash raise · 17 Oct 2025

Cash runway

1.6 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
$21.4M 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
9 July 20262A · quoted issueBHM : ORDINARY FULLY PAID166.0MAppendix 2A
21 Dec 20252A · quoted issueBHM : ORDINARY FULLY PAID154.0MAppendix 2A
21 Dec 20252A · quoted issueBHM : ORDINARY FULLY PAID153.6MAppendix 2A
21 Dec 20252A · quoted issueBHM : ORDINARY FULLY PAID161.9MAppendix 2A
16 Dec 20253G · unquotedBHM : ORDINARY FULLY PAID153.3MAppendix 3G
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

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

$38.5M
Placement
17 Oct 2025 COMPLETE
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

59.4%
Total overhang · of current shares
0.0%
In the money · at current price
98.5M
Potential new shares
May 2029
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
22 Dec 2025Stephen WoodhamBuy272k—$218k3Y notice
23 July 2025Mark HineBuy86k200k—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 2026Investor Presentation - Noosa Mining Conference
23 July 2026$PHigh Grade Ag-Pb-Zn Intersected in the Centenary Zone
9 July 2026Application for quotation of securities - BHM
8 July 2026$PBHM Delivers Record Quarterly Production
1 July 2026$PMining & Trucking of First Ag-Pb-Zn Ore From Pinnacles Mine
26 June 2026Restricted Securities to be Released from Escrow
19 May 2026$PRestart of Mining Activities at the Pinnacles Mine
23 Apr 2026March Quarterly Results Presentation
23 Apr 2026$PQuarterly Activities Report and Appendix 5B
22 Apr 2026Broken Hill Mines Investor Update Teleconference
6 Apr 2026$PStrong Quarterly Production Growth & Rasp ML Renewal to 2047
17 Mar 2026$PPinnacles Identifies Widespread Very High Grade Ag Zone
16 Mar 2026BHM Tenement Table
24 Feb 2026$PBHM Appendix 4D and Half Yearly Report
6 Feb 2026Amended Quarterly Activities Report and Appendix 5B
1 Feb 2026KFM: High Grade Copper-Gold results from Copper Blow
28 Jan 2026December Quarterly Results Presentation
28 Jan 2026$PQuarterly Activities Report and Appendix 5B
28 Jan 2026Broken Hill Mines Investor Update Teleconference
26 Jan 2026$PPinnacles Drilling Delivers Near Surface, High Grade Silver

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