Companies / LDR

LODE RESOURCES LTD

ASX:LDRMaterials
203.0M shares on issueASX (delayed) · snapshot 11 Sept 2026204.0M fully diluted+0.5% if every option and right converts$0.12price · delayed$24.4Mmarket cap · indicative

Today’s holders own 99.5% of what they think they own, once every option and right converts.

Moderate
Dilution risk

Runway under 2 quarters; share count grew 73% in 24 months; 1 cash raise in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.6 quarters of funding
Share-count growth (24m)72.8%
Raise cadence (24m)1 cash raise
Options & rights overhang0.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

LODE RESOURCES LTD's ordinary share count grew 72.8% between November 2024 and August 2026, reaching 203M shares. In the past 24 months, the company undertook one capital raise, a placement completed in April 2026 that brought in A$4.6M. Options and rights on issue could convert into 1M new shares, representing 0.5% of the current share count, with the nearest expiry in December 2027; none of these are currently in the money. As of June 2026, LODE RESOURCES LTD had A$3.3M in available cash, sufficient to cover approximately 1.6 quarters of operations based on its recent spending. There are no proposed securities issues pending.

AI-generated summary of this page's cited filings · updated 8 Sept 2026
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0.5%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
1.6 qtrs
Cash cover · under 2 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 203.0M per ASX (delayed) (snapshot 11 Sept 2026).
125M150M175M200MDec 24Oct 25Sept 26Cash raise · 14 Apr 2026203.0M

Cash runway

1.6 qtrs
Less than two quarters of funding at the recent spend rate — near-term funding pressure.
Funds operations to about Nov 2026 at the reported spend rate.
$3.2M cash after burn from the quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds. Filed with the quarterly report: $3.8M cash at quarter end (item 4.6), 2.0 qtrs of funding on the company’s own estimate. Our figure above carries the filed quarter-end balance forward at the reported spend rate and adds announced raise proceeds.
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11 quarters on record — Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
10 Aug 20262A · quoted issueLDR : ORDINARY FULLY PAID203.0MAppendix 2A
24 Apr 20262A · quoted issueLDR : ORDINARY FULLY PAID202.2MAppendix 2A
18 Dec 20252A · quoted issueLDR : ORDINARY FULLY PAID167.8MAppendix 2A
8 Dec 20253H · cancellationLDR : ORDINARY FULLY PAID161.8MAppendix 3H
17 Feb 20253H · cancellationLDR : ORDINARY FULLY PAID161.8MAppendix 3H
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10 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$4.6M
Placement
14 Apr 2026 COMPLETE
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2 raises on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
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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.

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1 dated event on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
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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.

About 25% of the 15% placement capacity left — about 75% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

0.5%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
1.0M
Potential new shares
Dec 2027
Nearest expiry
What a price move would switch on
500k1.0M$0.12 now0.25× today ($0.03) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.06) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.09) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.12) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.15) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.18) — 1.0M of the priced supply in the money, 0.5% of shares on issue2× today ($0.24) — 1.0M of the priced supply in the money, 0.5% of shares on issue3× today ($0.36) — 1.0M of the priced supply in the money, 0.5% of shares on issue5× today ($0.60) — 1.0M of the priced supply in the money, 0.5% of shares on issue10× today ($1.20) — 1.0M of the priced supply in the money, 0.5% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.12 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 1.0M (0.5% 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.
CodeSecurityTypeExercise priceExpiryOn issueSource
LDRAHOptionsPrice-triggered$0.156 Dec 20271.0MFiling

“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.

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1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
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Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
21 Aug 2026Andrew Van HeystBuy on-market500k——$58k3Y notice
10 Aug 2026Andrew Van HeystBuy placement577k——$75k3Y notice
10 Aug 2026Keith Anthony MayesBuy placement154k——$20k3Y notice
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6 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

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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

10 Sept 2026$PHigh Grade Tin & Copper Discovery at Montezuma
28 Aug 2026Launches Investor Hub to Strengthen Shareholder Engagement
24 Aug 2026Updated Investor Presentation
24 Aug 2026Change of Director's Interest Notice
19 Aug 2026$PNew Silver-Zinc & Silver-Antimony Discovery at Montezuma
10 Aug 2026Directors Change of Interest Notice X 2
10 Aug 2026Cleansing Notice
10 Aug 2026Application for quotation of securities - LDR
30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 July 2026Results of Meeting
28 July 2026Update on General Meeting to be held 29 July 2026 4pm AEST
21 July 2026$PTasmania Exploration Update
10 July 2026Revision of Uralla Gold Project Announcement of 1 July 2026
1 July 2026$PDrilling Confirms Broad Gold Mineralisation - Uralla Project
30 June 2026Letter to Shareholders re Notice of Meeting
30 June 2026Notice of General Meeting/Proxy Form
22 June 2026$PHigh Grade Antimony Intercepts Rock Abbey & Magwood
2 June 2026$PNew Silver-Zinc Mineralisation System Discovery Montezuma
27 May 2026Final Director's Interest Notice
25 May 2026Director Resignation

Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.