Companies / LRD

LORD RESOURCES LIMITED

ASX:LRDMaterials
177.2M shares on issueASX (delayed) · snapshot 11 Sept 2026265.2M fully diluted+49.7% if every option and right converts$0.014price · delayed$2.5Mmarket cap · indicative

Today’s holders own 66.8% of what they think they own, once every option and right converts.

High
Dilution risk

Share count grew 142% in 24 months; runway 2–4 quarters; options/rights overhang 50% of shares

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runway2.4 quarters of funding
Share-count growth (24m)142.1%
Raise cadence (24m)2 cash raises
Options & rights overhang49.7% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

LORD RESOURCES LIMITED's ordinary share count grew 142.1% between July 2024 and July 2026, to 177M shares. The company raised capital twice in the past 24 months for total disclosed proceeds of A$2.2M, most recently a A$814K Placement and Non-Renounceable Entitlement Issue in September 2025. Options on issue could convert into 88M new shares, equal to 49.7% of the current share count, with the nearest expiry in January 2027; none are currently in the money. At the June 2026 quarter the company reported A$414K in available cash, approximately 2.4 quarters of funding at its recent spending rate. No proposed securities issues are currently pending.

AI-generated summary of this page's cited filings · updated 11 Sept 2026
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49.7%
Options & rights overhang
0.0%
In-the-money supply
1
Raises · last 12 months
2.4 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 177.2M per ASX (delayed) (snapshot 11 Sept 2026).
75M100M125M150M175MDec 24Oct 25Sept 26Cash raise · 25 Sept 2025Cash raise · 29 May 2025177.2M

Cash runway

2.4 qtrs
Two to four quarters of funding at the recent spend rate.
Funds operations to about Jan 2027 at the reported spend rate.
$412k 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: $555k cash at quarter end (item 4.6), 4.1 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
21 July 20262A · quoted issueLRD : ORDINARY FULLY PAID177.2MAppendix 2A
5 Dec 20253G · unquotedORDINARY FULLY PAID177.0MAppendix 3G
30 Sept 20252A · quoted issueLRD : ORDINARY FULLY PAID177.0MAppendix 2A
4 Aug 20253H · cancellationLRD : ORDINARY FULLY PAID155.0MAppendix 3H
30 July 20253G · unquotedORDINARY FULLY PAID155.0MAppendix 3G
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20 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

2 cash raises in the last 24 months · 1 in the last 12 months

every 3.9 monthsaverage gap between raises
11.6 monthssince the most recent
29 May 2025 – 25 Sept 2025first to most recent in this window
$814k
Placement and Non-Renounceable Entitlement Issue
25 Sept 2025 ACTIVE
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2 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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6 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.

About 70% of the 15% placement capacity left — about 30% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-09-12). The company has also placed under the additional 10% (Listing Rule 7.1A), which is not counted in this figure. Holder-approved issues and any later ratification are not deducted, so the true headroom can be higher.
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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

49.7%
Options & rights overhang · of current shares
0.0%
In-the-money supply · at current price
88.0M
Potential new shares
Jan 2027
Nearest expiry
What a price move would switch on
44.0M88.0M$0.014 now0.25× today ($0.004) — 0 of the priced supply in the money, 0.0% of shares on issue0.5× today ($0.007) — 0 of the priced supply in the money, 0.0% of shares on issue0.75× today ($0.011) — 0 of the priced supply in the money, 0.0% of shares on issue1× today ($0.014) — 0 of the priced supply in the money, 0.0% of shares on issue1.25× today ($0.018) — 0 of the priced supply in the money, 0.0% of shares on issue1.5× today ($0.021) — 0 of the priced supply in the money, 0.0% of shares on issue2× today ($0.028) — 0 of the priced supply in the money, 0.0% of shares on issue3× today ($0.042) — 16.4M of the priced supply in the money, 9.3% of shares on issue5× today ($0.070) — 16.4M of the priced supply in the money, 9.3% of shares on issue10× today ($0.140) — 56.6M of the priced supply in the money, 31.9% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $0.014 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 16.4M (9.3% 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.
  • 19.4M (22.1% of the supply above) states no exercise price at all. It cannot be called in or out of the money at any price, which is why it is hatched rather than plotted.
  • 12.0M more carries an exercise price above ten times today’s — off the right of this axis, and in every total on this page.
CodeSecurityTypeExercise priceExpiryOn issueSource
LRDOOptionsPrice-triggered—31 Jan 202719.4MFiling
LRDADOptionsPrice-triggered$0.2528 Mar 202712.0MFiling
LRDALOptionsPrice-triggered$0.1015 June 202735.2MFiling
LRDANOptionsPrice-triggered$0.1215 June 20275.0MFiling
LRDAQOptionsPrice-triggered$0.03630 June 203013.9MFiling
LRDAPOptionsPrice-triggered$0.03015 July 20302.5MFiling

“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.

1 class ceased in the last 12 months and is not counted above
The company’s own Appendix 2A restates each of these at zero. They are excluded from the overhang, the in-the-money supply and every figure on this page. Each count is the filing’s own count of securities in the class, not a share count — a 2A never states what one security converts into.
  • LRDAKCondition-triggered200k securities → 021 July 2026 Appendix 2A
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6 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
3 Dec 2025BARNABY EGERTON-WARBURTONOther—4.0M——3Y notice
3 Dec 2025Paul LloydOther—4.0M——3Y notice
27 June 2025BARNABY EGERTON-WARBURTONBuy entitlement/SPP2.9M———3Y notice
27 June 2025Chris SwallowBuy entitlement/SPP800k———3Y notice
27 June 2025Paul LloydBuy entitlement/SPP100k50k——3Y notice
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5 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

29 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
21 July 2026Conversion of Performance Rights and Cleansing Notice
21 July 2026Application for quotation of securities - LRD
28 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
9 Mar 2026Half Yearly Report and Accounts
29 Jan 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
9 Dec 2025Change of Director's Interest Notice x 2
5 Dec 2025Notification regarding unquoted securities - LRD
28 Nov 2025Results of Meeting
29 Oct 2025$PQuarterly Activities/Appendix 5B Cash Flow Report
27 Oct 2025Appendix 3B
27 Oct 2025$PFinal Results from Ilgarari and Entitlement Issue Update
24 Oct 2025Notice of Annual General Meeting/Proxy Form
21 Oct 2025$PIlgarari Drilling Extends Copper Lodes with High-Grade Hits
6 Oct 2025Date of AGM and Closing Date for Director Nominations
6 Oct 2025Appendix 3B
30 Sept 2025Application for quotation of securities - LRD
30 Sept 2025Placement completed and Notice under Section 708A(5)(E)
26 Sept 2025Appendix 4G and Corporate Governance Statement
26 Sept 2025Full Year Statutory Accounts

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