Companies / SMM

SOMERSET MINERALS LIMITED

ASX:SMMMaterials
1.46B shares on issueASX (delayed) · as of 28 July 2026$0.009price · delayed$11.7Mmarket cap · indicative
NR
Dilution grade

Not rated — outstanding-options data is unreliable after the share consolidation

Cash runwayno data — not a quarterly (4C/5B) cash filer
Share-count growth (24m)no data — options data unreliable after consolidation
Raise cadence (24m)4 cash raises
Options & rights overhangomitted — option-line data cannot be adjusted for the share consolidation on record in the last 24 months
In-the-money supplyomitted — option-line data cannot be adjusted for the share consolidation on record in the last 24 months
Pending proposed issuesopen proposed issue (Appendix 3B)

SOMERSET MINERALS LIMITED's ordinary share count grew 470.2% between December 2024 and July 2026, to 1.46B shares; this figure is adjusted for a recent share consolidation and the latest share count stands at 1.46B. The company raised capital four times in the 24-month window for total proceeds of A$13.3M, most recently a A$3.2M placement and non-renounceable entitlement offer in June 2026. Options overhang data is omitted because outstanding option-line data cannot be adjusted for the recent share consolidation. At the March 2026 quarter the company reported A$4.3M in cash, equal to about 3.1 quarters of cover. There are five proposed securities issues (Appendix 3B) pending, the nearest proposed issue is dated July 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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Max option dilution · omitted
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ITM option dilution
3
Raises · last 12 months
3.1 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 1.46B per ASX (delayed) (28 July 2026).
0.47B0.83B1.20BDec 24Oct 25July 26Cash raise · 23 June 2026Cash raise · 5 Dec 2025Cash raise · 12 Aug 2025Cash raise · 15 Apr 2025

Cash runway

3.1 qtrs
Two to four quarters of funding at the recent spend rate.
$4.3M 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
8 July 20262A · quoted issueSMM : ORDINARY FULLY PAID1.46BAppendix 2A
28 June 20262A · quoted issueSMM : ORDINARY FULLY PAID145.7MAppendix 2A
22 May 20263G · unquotedSMM : ORDINARY FULLY PAID1.21BAppendix 3G
8 May 20263G · unquotedSMM : ORDINARY FULLY PAID1.21BAppendix 3G
1 May 20262A · quoted issueSMM : ORDINARY FULLY PAID1.20BAppendix 2A
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

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

$3.2M
Placement and Non-Renounceable Entitlement Offer
23 June 2026 ACTIVE
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

5 proposed issues pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

Options summary omitted. option-line data cannot be adjusted for the share consolidation on record in the last 24 months

Director dealings

DateDirectorTypeSharesOptionsValueSource
8 July 2026Christopher HansenOther2.1M—$14k3Y notice
7 May 2026Christopher HansenOther——$263k3Y notice
7 May 2026Melanie RossOther——$26k3Y 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

26 July 2026$PReceipt of Non-Binding Indicative Proposal - Updated
23 July 2026$PTrading Halt
23 July 2026$PPause in Trading
23 July 2026Receipt of Non-Binding Indicative Proposal - Condor Gold
17 July 2026Update - Proposed issue of securities - SMM
17 July 2026Extension of Entitlement Offer Timetable
9 July 2026Dispatch of Entitlement Offer Prospectus
8 July 2026Change of Director's Interest Notice
8 July 2026Cleansing Notice
8 July 2026Application for quotation of securities - SMM
7 July 2026$PMaiden RC Drilling Commences at Talisker Copper Target
1 July 2026Update - Proposed issue of securities - SMM
30 June 2026$PEntitlement Issue Prospectus
28 June 2026Cleansing Notice
28 June 2026Application for quotation of securities - SMM
24 June 2026Update - Proposed issue of securities - SMM
24 June 2026Update - Proposed issue of securities - SMM
23 June 2026Proposed issue of securities - SMM
23 June 2026Proposed issue of securities - SMM
23 June 2026Proposed issue of securities - SMM

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