Companies / LML

LINCOLN MINERALS LIMITED

ASX:LMLMaterials
2.88B shares on issueASX (delayed) · as of 28 July 2026$0.014price · delayed$40.3Mmarket cap · indicative
D
Dilution grade

Runway 2–4 quarters; share count grew 40% in 24 months; 3 cash raises in 24 months

Cash runway3.6 quarters of funding
Share-count growth (24m)39.5%
Raise cadence (24m)3 cash raises
Options & rights overhang19.8% of shares
In-the-money supply1.2% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

LINCOLN MINERALS LIMITED's ordinary share count grew 39.5% between July 2024 and July 2026, to 2.87B shares. The company raised capital three times in that period for total disclosed proceeds of A$5.6M, most recently a A$3.1M placement in May 2026. Options and rights on issue could convert into 570M new shares, equal to 19.8% of the current share count, of which 1% are in the money at the current share price; the nearest expiry is April 2027. At the June 2026 quarter the company reported A$1.5M in available cash, equivalent to 3.6 quarters of funding at its recent spending rate. One proposed securities issue (Appendix 3B) is pending, with an expected issue date in August 2026.

AI-generated summary of this page's cited filings · updated 28 July 2026
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19.8%
Max option dilution
1.2%
ITM option dilution
2
Raises · last 12 months
3.6 qtrs
Cash cover · 2–4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 2.88B per ASX (delayed) (28 July 2026).
2.23B2.47B2.71BDec 24Sept 25July 26Cash raise · 25 May 2026Cash raise · 5 Aug 2025Cash raise · 15 Apr 2025

Cash runway

3.6 qtrs
Two to four quarters of funding at the recent spend rate.
$1.5M available cash at quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
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)

DateFormSecurityTotal on issue afterSource
16 July 20262A · quoted issueLML : ORDINARY FULLY PAID2.70BAppendix 2A
16 July 20263G · unquotedLML : ORDINARY FULLY PAID2.69BAppendix 3G
16 July 20262A · quoted issueLML : ORDINARY FULLY PAID2.87BAppendix 2A
30 June 20263H · cancellationLML : ORDINARY FULLY PAID2.69BAppendix 3H
29 June 20262A · quoted issueLML : ORDINARY FULLY PAID2.69BAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

3 cash raises in the last 24 months · 2 in the last 12 months

$3.1M
Placement
25 May 2026 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

1 proposed issue pending — Appendix 3B lodged, securities not yet issued. New shares from these issues are not in the counts above until quoted.
Paid plan
Pending issue detail
Size, price, fees, broker and placement-capacity usage for each pending issue.
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Options & convertible securities

19.8%
Total overhang · of current shares
1.2%
In the money · at current price
569.5M
Potential new shares
Apr 2027
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
17 July 2026Greg EnglishOther10.0M2.0M—3Y notice
20 Nov 2025Ryan SmithOther2.2M10.0M—3Y notice
20 Nov 2025John LamOther2.3M——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
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

23 July 2026Proposed issue of securities - LML
20 July 2026Becoming a substantial holder
20 July 2026Initial Director's Interest Notice - AJ
20 July 2026Appointment of Non-Executive Director
17 July 2026Change of Director's Interest Notice - GE
16 July 2026Notification regarding unquoted securities - LML
16 July 2026Application for quotation of securities - LML
16 July 2026Application for quotation of securities - LML
14 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
10 July 2026Results of Extraordinary General Meeting
30 June 2026Notification of cessation of securities - LML
29 June 2026Application for quotation of securities - LML
24 June 2026$PDrilling has commenced at Lincoln's Minbrie Copper Project
18 June 2026Application for quotation of securities - LML
11 June 2026Gold Coast Investment Showcase Presentation
10 June 2026Notice of Extraordinary General Meeting/Proxy Form
1 June 2026Change in substantial holding
29 May 2026Section 708A Notice - Share Issue
28 May 2026Application for quotation of securities - LML
28 May 2026Application for quotation of securities - LML

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.