LE MINERALS LIMITED
ASX:LELMaterialsToday’s holders own 86.2% of what they think they own, once every option and right converts.
Options/rights overhang 16% of shares
As of April 2024, LE MINERALS LIMITED had 112M ordinary shares, its latest share-count filing. No new share-issuance filings have been lodged since January 2024, so no share-count change data is available for a subsequent period. The company has not raised capital through any cash placement, rights issue or share purchase plan in the 24-month window, and no proposed securities issues are pending. Options and rights on issue could convert into 18M new shares, equal to 16.1% of the current share count; none are in the money at the current share price, and the nearest expiry is May 2030. The company has disclosed more than 4 quarters of funding at the recent spend rate.
Quick answers · 4
How much placement capacity does LEL 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 LEL have?
In its quarterly cash report for the quarter ended 30 June 2026, Le Minerals reported $60.4M of cash and estimated 19.9 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do LEL's options expire?
Unexercised options and rights equal 16.1% of Le Minerals's shares on issue; the nearest expiry is May 2030.
How much has LEL's share count grown?
Le Minerals has 112.0M shares on issue as at 28 Oct 2026, up 0.0% 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 |
|---|---|---|---|---|
| 11 Aug 2026 | 3H · cancellation | LEL : ORDINARY FULLY PAID | 112.0M | Appendix 3H |
| 9 June 2026 | 3G · unquoted | LEL : ORDINARY FULLY PAID | 112.0M | Appendix 3G |
| 1 Dec 2025 | 3H · cancellation | LEL : ORDINARY FULLY PAID | 112.0M | Appendix 3H |
| 6 Oct 2025 | 3H · cancellation | LEL : ORDINARY FULLY PAID | 112.0M | Appendix 3H |
| 22 Sept 2025 | 3H · cancellation | LEL : ORDINARY FULLY PAID | 112.0M | 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
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
At $0.28 today, 0 securities are in the money (0.0% of shares on issue). No more priced supply until 3× today’s price, which takes it to 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.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| LELAK | Options | Price-triggered | $0.60 | 28 May 2030 | 18.0M | 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 |
|---|---|---|---|---|---|---|---|
| 8 June 2026 | FAROOQ KHAN | Other | 1.4M | 6.0M | — | — | 3Y notice |
| 8 June 2026 | VICTOR HO | Other | 1.5M | 6.0M | — | — | 3Y notice |
| 8 June 2026 | WILLIAM JOHNSON | Other | — | 6.0M | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.