Companies / LEX

LEFROY EXPLORATION LIMITED

ASX:LEXMaterials
274.7M shares on issueASX (delayed) · as of 28 July 2026$0.12price · delayed$33.0Mmarket cap · indicative
B
Dilution grade

Share count grew 37% in 24 months; runway 4–8 quarters; 1 cash raise in 24 months

Cash runway4.5 quarters of funding
Share-count growth (24m)37.0%
Raise cadence (24m)1 cash raise
Options & rights overhang3.3% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

LEFROY EXPLORATION LIMITED's ordinary share count grew 37.0% between March 2024 and June 2026, to 275M shares. The company raised capital once in that period for total proceeds of A$3.6M, with the most recent raise in May 2026 reporting A$3.6M. Options and rights on issue could convert into 9M new shares, equal to 3.3% of the current share count, with 0% in the money at current prices and the nearest expiry in November 2027. At the March 2026 quarter the company reported A$3.9M in cash, representing 4.5 quarters of cover. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
Email me when this grade changes
Alerts are coming soon — this opens a pre-filled email that puts you on the list.
3.3%
Max option dilution
0.0%
ITM option dilution
1
Raises · last 12 months
4.5 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 274.7M per ASX (delayed) (28 July 2026).
250.2M259.2M268.2MDec 24Sept 25July 26Cash raise · 19 May 2026

Cash runway

4.5 qtrs
More than four quarters of funding at the recent spend rate.
$3.9M available cash at quarter ended 31 Mar 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 31 Mar 2026.
Join the waitlist

Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
1 June 20262A · quoted issueLEX : ORDINARY FULLY PAID274.7MAppendix 2A
22 Jan 20263H · cancellationLEX : ORDINARY FULLY PAID248.4MAppendix 3H
12 June 20253G · unquotedLEX : ORDINARY FULLY PAID248.4MAppendix 3G
12 Feb 20252A · quoted issueLEX : ORDINARY FULLY PAID248.4MAppendix 2A
11 Dec 20242A · quoted issueLEX : ORDINARY FULLY PAID244.6MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Join the waitlist

Capital raises

1 cash raise in the last 24 months · 1 in the last 12 months

$3.6M
Capital raise
19 May 2026
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
Join the waitlist

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

3.3%
Total overhang · of current shares
0.0%
In the money · at current price
9.1M
Potential new shares
Nov 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.
Join the waitlist

Director dealings

DateDirectorTypeSharesOptionsValueSource
12 Feb 2025David KellyOther571k1.8M—3Y notice
12 Feb 2025Tara FrenchOther429k1.2M—3Y notice
12 Feb 2025Michael DaviesOther2.9M1.2M—3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Join the waitlist

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Sign up free — coming soon

Latest announcements

21 July 2026Noosa Mining Investor Conference Presentation - 22 July 2026
7 July 2026Initial Director's Interest Notice - J. Knowles
6 July 2026Appointment of James Knowles as Non-Executive Director
29 June 2026$PMt Martin Scoping Study Commences
29 June 2026Letter to Shareholders - Notice of General Meeting
29 June 2026Notice of General Meeting/Proxy Form
23 June 2026$PExcellent Gold Recoveries at Burns High-Grade Deposit
3 June 2026Change in substantial holding
1 June 2026Ceasing to be a substantial holder
1 June 2026Section 708A(5)(e) Notice
1 June 2026Application for quotation of securities - LEX
21 May 2026Proposed issue of securities - LEX
21 May 2026$P$3.6 Million Placement for Evaluation of Mt Martin Deposit
19 May 2026$PTrading Halt
4 May 2026RIU Sydney Conference Presentation- Produce Convert Discover
4 May 2026$PMt Martin Resource Update. Scoping study to commence.
28 Apr 2026$PMarch 2026 Quarterly Activities Report
28 Apr 2026$PMarch 2026 Quarterly Cashflow Report
22 Apr 2026$PDrilling Targets Mt Martin Resource Growth
8 Apr 2026$PLucky Strike Reveals Positive Mining and Exploration Results

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