LUNNON METALS LIMITED
ASX:LM8MaterialsToday’s holders own 92.9% of what they think they own, once every option and right converts.
Options/rights overhang 8% of shares
LUNNON METALS LIMITED's ordinary share count grew 3.0% between August 2024 and August 2026, to 227M shares. The company did not undertake any capital raises in the past 24 months and has no proposed securities issues pending. Options and rights on issue could convert into 17M new shares, representing 7.7% of the current share count, with the nearest expiry in December 2029. As of the June 2026 quarter, LUNNON METALS LIMITED reported A$47.1M in available cash. The latest quarter reported non-negative net cash flow, so no funding-runway figure applies.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 24 Aug 2026 | 2A · quoted issue | LM8 : ORDINARY FULLY PAID | 227.2M | Appendix 2A |
| 24 Aug 2026 | 2A · quoted issue | LM8 : ORDINARY FULLY PAID | 223.6M | Appendix 2A |
| 24 Aug 2026 | 3H · cancellation | ORDINARY FULLY PAID | 223.3M | Appendix 3H |
| 7 Aug 2026 | 3H · cancellation | LM8 : ORDINARY FULLY PAID | 223.3M | Appendix 3H |
| 1 Apr 2026 | 3G · unquoted | ORDINARY FULLY PAID | 223.3M | Appendix 3G |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (227.2M) need not equal the current count above (227.4M).
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 allows 15% of ordinary securities in any 12 months, and every Appendix 3B states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered751k · 0.3% of sharesOptions and warrants — they convert when the share price clears their exercise price.
- Condition-triggered16.7M · 7.3% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 0 priced, 751k at a stated nil price, 16.7M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
No option supply on record carries an exercise price to pay, so no share price switches any of it on. 751k of it states a NIL exercise price — nothing is paid to convert that, so it converts at any price. The other 16.7M converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| LM8AM | Options | Price-triggered | Nil | 31 Dec 2029 | 751k | Filing |
| LM8AL | Performance rights | Condition-triggered | — | — | 16.7M | Filing Meeting |
“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.
A condition-triggered class has no exercise price and usually no expiry: what it vests on is set by a shareholder resolution, not by the register. Where the company lodged a notice of meeting before the class first appears here, it is linked as “Meeting” — that is where terms of this kind are put to shareholders. It is not confirmation that the document sets this class’s conditions, and no link appears where there is no such filing.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 19 Aug 2026 | Deborah Lord | Other | 106k | 106k | — | — | 3Y notice |
| 19 Aug 2026 | Edmund Ainscough | Other | 4.7M | — | 2.0M | — | 3Y notice |
| 19 Aug 2026 | Liam Twigger | Other | 144k | 289k | — | — | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 12 Sept 2026.