Companies / LGM

LEGACY MINERALS HOLDINGS LIMITED

ASX:LGMMaterials
200.1M shares on issueASX (delayed) · snapshot 11 Sept 2026233.4M fully diluted+16.6% if every option and right converts$0.12price · delayed$23.0Mmarket cap · indicative

Today’s holders own 85.7% of what they think they own, once every option and right converts.

Very high
Dilution risk

Runway under 2 quarters; share count grew 76% in 24 months; 4 cash raises in 24 months

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway1.8 quarters of funding
Share-count growth (24m)75.7%measured to the latest Appendix 2A, not to the share count above
Raise cadence (24m)4 cash raises
Options & rights overhang16.6% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

LEGACY MINERALS HOLDINGS LIMITED's share count stood at 200M as of February 2026. The company raised capital four times in the 24-month window, with its latest capital raise being a A$7.8M placement in May 2025. Options and rights on issue could convert into 33M new shares, representing 16.6% of the current share count, with the nearest expiry in August 2027. As of the June 2026 quarter, the company reported A$4.2M in available cash, providing approximately 1.8 quarters of operational cover based on its recent expenditure rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 9 Sept 2026
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16.6%
Options & rights overhang
0.0%
In-the-money supply
0
Raises · last 12 months
1.8 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 200.1M per ASX (delayed) (snapshot 11 Sept 2026).
100M150M200MDec 24Oct 25Sept 26Cash raise · 13 May 2025Cash raise · 24 Apr 2025Cash raise · 19 Mar 2025Cash raise · 19 Mar 2025200.1M

Cash runway

1.8 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.
$4.2M 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: $6.1M cash at quarter end (item 4.6), 2.6 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
22 June 20263H · cancellationLGM : ORDINARY FULLY PAID200.1MAppendix 3H
29 Jan 20262A · quoted issueLGM : ORDINARY FULLY PAID185.3MAppendix 2A
27 Jan 20262A · quoted issueLGM : ORDINARY FULLY PAID183.3MAppendix 2A
20 Jan 20262A · quoted issueLGM : ORDINARY FULLY PAID179.9MAppendix 2A
19 Jan 20262A · quoted issueLGM : ORDINARY FULLY PAID175.2MAppendix 2A
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32 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

4 cash raises in the last 24 months · 0 in the last 12 months

every 0.9 monthsaverage gap between raises
16 monthssince the most recent
19 Mar 2025 – 13 May 2025first to most recent in this window
$7.8M
Placement
13 May 2025
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7 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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3 dated events 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

16.6%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
33.3M
Potential new shares
Aug 2027
Nearest expiry
What a price move would switch on
16.6M33.3M$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 ($0.14) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.17) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.23) — 4.0M of the priced supply in the money, 2.0% of shares on issue3× today ($0.35) — 33.3M of the priced supply in the money, 16.6% of shares on issue5× today ($0.58) — 33.3M of the priced supply in the money, 16.6% of shares on issue10× today ($1.15) — 33.3M of the priced supply in the money, 16.6% 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). At double today’s price it is 4.0M (2.0% 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
LGMALOptionsPrice-triggered$0.307 Aug 202721.5MFiling
LGMAKOptionsPrice-triggered$0.2319 Mar 20284.0MFiling
LGMAMOptionsPrice-triggered$0.278 Aug 20287.8MFiling

“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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3 option lines 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
22 June 2026Christopher Gerard ByrneSell11.7M1.0M——3Y notice
22 June 2026David John CarlandSell3.2M500k——3Y notice
22 June 2026Douglas Charles MenziesSell707k500k——3Y notice
22 June 2026Matthew John WallSell13.1M1.5M——3Y notice
22 June 2026Thomas Patrick WallSell13.1M1.5M——3Y notice
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23 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 2026Resource Rising Star - Company Presentation
6 Sept 2026$POptimised Scoping Study Progressing Well at Mt Carrington
10 Aug 2026$PNew Survey defines Large and Untested Gold-Silver Target
30 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
29 July 2026$PMt Carrington Resource grows to 1.6Moz Gold-Eq.
27 July 2026Drilling and Resource Update - Mt Carrington
7 July 2026R&D Tax Refund Received - funds to Support Mt Carrington
7 July 2026Change of Directors' Interest Notices (All)
30 June 2026$PNew Mineral Resource Estimate Underway - Mt Carrington
24 June 2026Geophysical Surveys Commenced at Mt Carrington
22 June 2026Notification of cessation of securities - LGM
15 June 2026$PNew Gold Discovery Confirmed with Further Drilling Assays
10 June 2026$PDrilling Commences at the Emu Copper-Gold Target
5 June 2026$PHarden and Thomson Project Updates
1 June 2026$PAurelia Metals to Farm in to Legacy Minerals Cobar Project
26 May 2026Change of Principal Place of Business
21 May 2026Discovery & Development - LGM Webinar
19 May 2026CSIRO Commences On-Site Work at Mt Carrington
17 May 2026Webinar Thu 21 May - Scoping Study and Exploration Update
17 May 2026$PSilver-Gold AI Targeting Advances Discovery Potential

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