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 completed a share consolidation on approximately a 1-for-10 basis in November 2024. Following this, the company's ordinary share count stood at 130M as of December 2025, representing a 2.8% increase since November 2024. No capital raises have been disclosed in the past 24 months, and no proposed securities issues are currently pending. Options and rights on issue could convert into 13M new shares, representing 9.7% of the current share count, none of which are in the money at the current share price. An expiry date for these securities has not been filed. As of the June 2026 quarter, the company reported A$3.1M in available cash, which would cover approximately 19.4 quarters of recent expenditure.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A 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 |
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
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.
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 12 Sept 2026.