Companies / LEL

LE MINERALS LIMITED

ASX:LELMaterials
112.0M shares on issueASX (delayed) · snapshot 11 Sept 2026130.0M fully diluted+16.1% if every option and right converts$0.32price · delayed$35.8Mmarket cap · indicative

Today’s holders own 86.2% of what they think they own, once every option and right converts.

Minimal
Dilution risk

Options/rights overhang 16% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway57.3 quarters of funding
Share-count growth (24m)0.0%
Raise cadence (24m)0 cash raises
Options & rights overhang16.1% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

LE MINERALS LIMITED has 112M ordinary shares as of April 2024, with no new share-issuance filings lodged since January 2024. The company has had zero capital raises in the past 24 months. Outstanding options and rights could convert into 18M new shares, representing 16.1% of the current share count, with the nearest expiry in May 2030; none are currently in the money. As of the June 2026 quarter, the company reported A$59.6M in available cash, which covers approximately 57.3 quarters of its recent operational expenses. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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16.1%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
57.3 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 112.0M per ASX (delayed) (snapshot 11 Sept 2026).
111.5M112.0M112.5MDec 24Oct 25Sept 26112.0M

Cash runway

57.3 qtrs
More than four quarters of funding at the recent spend rate.
More than three years of funding at the reported spend rate — far enough out that a dated estimate would be false precision.
$59.5M 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: $60.4M cash at quarter end (item 4.6), 19.9 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
11 Aug 20263H · cancellationLEL : ORDINARY FULLY PAID112.0MAppendix 3H
9 June 20263G · unquotedLEL : ORDINARY FULLY PAID112.0MAppendix 3G
1 Dec 20253H · cancellationLEL : ORDINARY FULLY PAID112.0MAppendix 3H
6 Oct 20253H · cancellationLEL : ORDINARY FULLY PAID112.0MAppendix 3H
21 Sept 20253H · cancellationLEL : ORDINARY FULLY PAID112.0MAppendix 3H
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9 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

No equity raises in the last 24 months.
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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.

No Appendix 3B in the last 12 months reports an issue under the 15% placement capacity (as at 2026-09-12).
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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

16.1%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
18.0M
Potential new shares
May 2030
Nearest expiry
What a price move would switch on
9.0M18.0M$0.32 now0.25× today ($0.08) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.16) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.24) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.32) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.40) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.48) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.64) — 18.0M of the priced supply in the money, 16.1% of shares on issue3× today ($0.96) — 18.0M of the priced supply in the money, 16.1% of shares on issue5× today ($1.60) — 18.0M of the priced supply in the money, 16.1% of shares on issue10× today ($3.20) — 18.0M of the priced supply in the money, 16.1% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.32 today, 0 securities are in the money (0.0% of shares on issue). At double today’s price it is 18.0M (16.1% 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
LELAKOptionsPrice-triggered$0.6028 May 203018.0MFiling

“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
8 June 2026FAROOQ KHANOther1.4M6.0M——3Y notice
8 June 2026VICTOR HOOther1.5M6.0M——3Y notice
8 June 2026WILLIAM JOHNSONOther—6.0M——3Y notice
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11 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

9 Sept 2026$PLithium Mineralisation in Upper Aquifer at White Plains
11 Aug 2026Notification of cessation of securities - LEL
31 July 2026$PQuarterly Activities and Cash Flow Report - 30 June 2026
30 July 2026$PUpper Aquifer Drilling Completed at White Plains Lithium
28 July 2026$PFurther Assay Results from Burke - Mt Dromedary Drilling
19 July 2026$PAirborne Geophysical Surveys Completed at Capricorn Project
23 June 2026$PAdditional Mineral Leases at White Plains Lithium Project
15 June 2026$PUpdate on Sale of Graphite Assets
9 June 2026$PUpdate on Sandy Creek Prospect
9 June 2026Change of Director's Interest Notice - Farooq Khan
9 June 2026Change of Director's Interest Notice - Victor Ho
9 June 2026Change of Director's Interest Notice - William Johnson
9 June 2026Notification regarding unquoted securities - LEL
29 May 2026Change of Name to LE Minerals Limited
28 May 2026Results of General Meeting
27 May 2026$PExploration Target for Burke-Mt Dromedary Graphite Projects
25 May 2026$PSale of Graphite Assets for $20 Million
21 May 2026$PAirborne Geophysical Surveys at Capricorn Project
30 Apr 2026$PQuarterly Activities and Cash Flow Report - 31 March 2026
24 Apr 2026Notice to Shareholders of General Meeting on 28 May 2026

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