LEGEND MINING LIMITED
ASX:LEGMaterialsToday’s holders own 99.6% of what they think they own, once every option and right converts.
No major dilution pressure signals in current disclosures
LEGEND MINING LIMITED's ordinary share count grew 0.2% between July 2024 and July 2025, its latest share-count filing, to 2.91B shares. The company has not conducted any capital raises in the past 24 months. Options and rights on issue could convert into 13M new shares, equal to 0.4% of the current share count, with none currently in the money; the nearest expiry is March 2028. The company reports more than 4 quarters of funding at the recent spend rate. No proposed securities issues (Appendix 3B) are pending.
Quick answers · 4
How much placement capacity does LEG 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 LEG have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Legend Mining reported $9.2M of cash and estimated 19.5 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do LEG's options expire?
Unexercised options and rights equal 0.4% of Legend Mining's shares on issue; the nearest expiry is Mar 2028.
How much has LEG's share count grown?
Legend Mining has 2.91B shares on issue as at 28 Oct 2026, up 0.2% over 24 months according to its Appendix 2A filings.
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 |
|---|---|---|---|---|
| 1 Oct 2026 | 3H · cancellation | LEG : ORDINARY FULLY PAID | 2.91B | Appendix 3H |
| 25 June 2026 | 3G · unquoted | LEG : ORDINARY FULLY PAID | 2.91B | Appendix 3G |
| 11 May 2026 | 3H · cancellation | LEG : ORDINARY FULLY PAID | 2.91B | Appendix 3H |
| 23 Jan 2026 | 3H · cancellation | LEG : ORDINARY FULLY PAID | 2.91B | Appendix 3H |
| 21 July 2025 | 3H · cancellation | LEG : ORDINARY FULLY PAID | 2.91B | Appendix 3H |
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.
- October 2026 · Maiden aircore drilling commencement (to start)
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 13.0M of it states a NIL exercise price: nothing is paid to convert it, so it converts at any price rather than on a hurdle.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| LEGAQ | Options | Price-triggered | Nil | 17 Mar 2028 | 4.0M | Filing |
| LEGAG | Options | Price-triggered | Nil | 30 June 2031 | 9.0M | 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 |
|---|---|---|---|---|---|---|---|
| 30 June 2026 | Mark William Wilson | Buy on-market | 9.1M | — | — | $77k | 3Y notice |
| 18 June 2026 | Tony Walsh | Buy on-market | 3.0M | — | — | $25k | 3Y notice |
| 8 May 2026 | Hilary Fare Macdonald | Other | — | 5.0M | — | — | 3Y notice |
| 8 May 2026 | Mark William Wilson | Other | — | 20.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.