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 no share-issuance (Appendix 2A) filings on record in the 24-month window, and no new share-issuance filings have been lodged since January 2024. The company has not raised capital in the past 24 months and has no pending proposed securities issues. Options and rights on issue could convert into 14M new shares, equal to 6.5% of the current share count, with the nearest expiry in June 2027; none of these are currently in the money. At the September 2025 quarter, the company reported A$81.2M in available cash, and indicated non-negative net cash flow for that period, so no funding runway figure applies.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 4 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 27 Aug 2026 | 3H · cancellation | ECH : ORDINARY FULLY PAID | 224.0M | Appendix 3H |
| 22 Dec 2025 | 3G · unquoted | ECH : ORDINARY FULLY PAID | 224.0M | Appendix 3G |
| 28 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 |
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
At $0.35 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 1.25× today’s price, which takes it to 6.2M (2.8% 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.
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 12 Sept 2026.