ECHELON RESOURCES LIMITED
ASX:ECHEnergyToday’s holders own 93.9% of what they think they own, once every option and right converts.
Options/rights overhang 6% of shares
ECHELON RESOURCES LIMITED has not lodged any share-issuance filings (Appendix 2A) in the available window; the last such filing was before January 2024. No capital raising has occurred in the past 24 months. Options on issue could convert into 14M new shares, representing a 6.5% overhang, and none are in the money; the nearest expiry is June 2027. The company's latest cash report is a half-year/annual report (Appendix 4D/4E) showing non-negative net cash flow, so no funding-runway estimate applies. No proposed securities issues are pending.
Quick answers · 2
How much placement capacity does ECH have left?
None of the 15% placement capacity counted as used in the last 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.
When do ECH's options expire?
Unexercised options and rights equal 6.5% of Echelon Resources's shares on issue; the nearest expiry is June 2027.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 4 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 28 Aug 2026 | 3H · cancellation | ECH : ORDINARY FULLY PAID | 224.0M | Appendix 3H |
| 23 Dec 2025 | 3G · unquoted | ECH : ORDINARY FULLY PAID | 224.0M | Appendix 3G |
| 29 Aug 2025 | 3H · cancellation | ECH : ORDINARY FULLY PAID | 224.0M | Appendix 3H |
| 2 Dec 2024 | 3G · unquoted | ECH : ORDINARY FULLY PAID | 224.0M | Appendix 3G |
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
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.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.34 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.5× today’s price, which takes it to 14.5M (6.5% 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| ECHAC | Options | Price-triggered | $0.48 | 30 June 2027 | 2.2M | Filing |
| ECHAE | Options | Price-triggered | $0.48 | 30 June 2028 | 2.3M | Filing |
| ECHAJ | Options | Price-triggered | $0.43 | 30 June 2029 | 2.6M | Filing |
| ECHAK | Options | Price-triggered | $0.45 | 30 June 2030 | 3.8M | Filing |
| ECHAF | Options | Price-triggered | $0.43 | 30 June 2031 | 3.7M | 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. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 22 Dec 2025 | Andrew Jefferies | Other | 50k | 675k | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.