EASTERN RESOURCES LIMITED
ASX:EFEMaterialsToday’s holders own 91.2% of what they think they own, once every option and right converts.
Options/rights overhang 10% of shares
EASTERN RESOURCES LIMITED underwent a share consolidation of approximately 1-for-10 in November 2024. Between November 2024 and December 2025, its latest share-count filing, the ordinary share count increased 2.8% after consolidation, standing at 130M shares. The company completed no capital raises in the 24-month window. Options and rights on issue could convert into 13M new shares, equal to 9.7% of the current share count, none of which are in the money; no expiry date for these securities is on record. The latest cash report showed non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.
Quick answers · 3
How much placement capacity does EFE 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.
How much cash does EFE have?
In its quarterly cash report for the quarter ended 30 June 2026, Eastern Resources reported $3.3M of cash and estimated 20.5 quarters of funding available at its current rate of spending. That is the company's own estimate.
How many options and rights does EFE have outstanding?
Unexercised options and rights equal 9.7% of Eastern Resources's shares on issue.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 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 |
|---|---|---|---|---|
| 16 Dec 2025 | 2A · quoted issue | EFE : ORDINARY FULLY PAID | 129.7M | Appendix 2A |
| 16 Dec 2025 | 3G · unquoted | EFE : ORDINARY FULLY PAID | 126.1M | Appendix 3G |
| 2 Oct 2025 | 3H · cancellation | EFE : ORDINARY FULLY PAID | 126.1M | Appendix 3H |
| 3 Dec 2024 | 2A · quoted issue | EFE : ORDINARY FULLY PAID | 126.1M | Appendix 2A |
| 29 Nov 2024 | 2A · quoted issue | EFE : ORDINARY FULLY PAID | 126.1M | Appendix 2A |
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
Results due
What the company's own reports say is coming, and when. A month is one the report names; “by end of year” is a deadline such as “Q4”. See every explorer on the results calendar.
- by end 2026 · maiden drilling program (planned)
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
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 12.6M 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 |
|---|---|---|---|---|---|---|
| — | Performance rights | Condition-triggered | — | — | 6.0M | Filing Meeting |
| EFEAZ | Performance rights | Condition-triggered | — | — | 6.5M | Filing Meeting |
“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.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 13 Mar 2026 | Jason Hou | Buy on-market | 99k | — | 2.9M | — | 3Y notice |
| 6 Feb 2026 | Jason Hou | Other on-market | 77k | — | 2.9M | — | 3Y notice |
| 16 Dec 2025 | Ariel Edward King | Other incentive | 893k | 1.5M | — | — | 3Y notice |
| 16 Dec 2025 | Jason Hou | Other incentive | 893k | — | 1.5M | — | 3Y notice |
| 16 Dec 2025 | Mark Calderwood | Other incentive | 893k | — | 1.5M | — | 3Y notice |
| 16 Dec 2025 | Myles Rui Fang | Other incentive | 893k | — | 1.5M | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.