Companies / LSA

LACHLAN STAR LIMITED

ASX:LSAMaterials
371.6M shares on issueASX (delayed) · as of 28 July 2026$0.095price · delayed$37.2Mmarket cap · indicative
D
Dilution grade

Share count grew 48% in 24 months; 3 cash raises in 24 months; runway 4–8 quarters

Cash runway5.2 quarters of funding
Share-count growth (24m)47.6%
Raise cadence (24m)3 cash raises
Options & rights overhang5.3% of shares
In-the-money supply3.4% of shares
Pending proposed issuesopen proposed issue (Appendix 3B)

LACHLAN STAR LIMITED's ordinary share count grew 47.6% between October 2024 and June 2026, to 371M shares. The company raised capital three times in that period for total disclosed proceeds of A$14.1M, most recently raising A$7.5M in March 2026. Options and rights on issue could convert into 20M new shares, equal to 5.3% of the current share count, of which 3% are in the money; the nearest expiry is February 2028. At the June 2026 quarter the company reported A$6.2M in available cash, equivalent to about 5.2 quarters of funding at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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5.3%
Max option dilution
3.4%
ITM option dilution
2
Raises · last 12 months
5.2 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 371.6M per ASX (delayed) (28 July 2026).
277.6M312.1M346.6MDec 24Sept 25July 26Cash raise · 27 Mar 2026Cash raise · 25 Aug 2025

Cash runway

5.2 qtrs
More than four quarters of funding at the recent spend rate.
$6.2M 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
3 July 20263G · unquotedLSA : ORDINARY FULLY PAID371.6MAppendix 3G
2 June 20262A · quoted issueLSA : ORDINARY FULLY PAID370.6MAppendix 2A
2 June 20262A · quoted issueLSA : ORDINARY FULLY PAID369.3MAppendix 2A
29 May 20263G · unquotedLSA : ORDINARY FULLY PAID368.3MAppendix 3G
8 Apr 20262A · quoted issueLSA : ORDINARY FULLY PAID368.3MAppendix 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

$7.5M
Capital raise
27 Mar 2026
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

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

5.3%
Total overhang · of current shares
3.4%
In the money · at current price
19.7M
Potential new shares
Feb 2028
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
28 May 2026Alan ThomOther200k1.5M—3Y notice
28 May 2026Anastasia (Stacey) ApostolouOther200k1.0M—3Y notice
28 May 2026Gary SteinepreisOther1.0M1.5M—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

21 July 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
3 July 2026Notification regarding unquoted securities - LSA
30 June 2026$P4000m follow-up drill program to commence at New Waverley
21 June 2026$PNew Waverley Delivers More High-Grade Gold Results
3 June 2026Change of Director's Interest Notice x 4
2 June 2026Cleansing Statement
2 June 2026Application for quotation of securities - LSA
2 June 2026Application for quotation of securities - LSA
2 June 2026Completion of Tranche 2 Placement
1 June 2026$PFurther shallow high-grade gold intercepts at New Waverley
29 May 2026Notification regarding unquoted securities - LSA
28 May 2026Results of Meeting
28 May 2026CEO Investor Presentation - General Meeting
24 May 2026$PHigh-Grade Gold in Maiden Drilling at New Waverley
30 Apr 2026Update - Proposed issue of securities - LSA
24 Apr 2026Letter to Shareholders - Notice of Access
24 Apr 2026Notice of General Meeting/Proxy Form
20 Apr 2026$PQuarterly Activities/Appendix 5B Cash Flow Report
10 Apr 2026Change in substantial holding from DEV
8 Apr 2026Cleansing Statement

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