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2026-11-06
◂ Monitor LMS ASX

Litchfield Minerals Limited

Discovery Drill Stage · Copper · Zinc · Australia Rating locked: sign in to view v8 · lms-20261009t164924-first-fill
Last 2026-11-06
A$0.155
1D
—
1M
—
YTD
—
1Y
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Upside
Locked: sign in to view
Mkt cap
A$10.3M
EV
A$5.7M
Cash
A$4.6M
Debt
A$0
3 newer ASX announcements not yet reflected in this valuation

Funding, performance and ownership

Financials & Capital

As of 2026-06-30
Cash A$4.6M2025-06-30: 662,253 A$2026-03-31: 5,413,000 A$2026-06-30: 4,602,858 A$ Finite
Debt A$0 Net cash A$4.6M
Basic shares 66.3M 2026-09-25
Runway 5.09 quarters Appendix 5B p12 calculates A$4.603m available funding divided by A$0.904m June-quarter relevant outgoings = 5.09 quarters. That quarter included A$342k BHP Xplor receipts; absent repeat funding, the A$1.116m exploration spend plus A$0.167m corporate outflow implies shorter cash cover.

Liquidity

Financial position

A$4.603m audited June cash and no reported debt support near-term drilling. The auditor flags material uncertainty about securing funding for the next 12 months; cash cover depends on non-recurring grant receipts and drilling pace.

Capital structure

Ownership and dilution

Ordinary shares
66.3M
Fully diluted
82M

Audited 30 June ordinary shares were 65,541,059. Appendix 2A states 750,000 class-A rights converted on 31 August, giving 66,291,059 ordinary shares. The annual report shareholder table gives 66,291,058, one fewer, and prints an inconsistent 10 September 2025 date; prefer the specific ASX quotation form. Appendix 3H confirms 4.7m A$0.30 options expired 28 August. Annual report identifies 9.4475m remaining options and 6.25m rights; simple all-converted indication is 81,988,559 shares before exercise proceeds, vesting conditions, or later changes.

Security classes3
ClassTypeQuantityStrikeExpiry
Ordinary shares after 750,000 performance rights converted on 31 August 2026Ordinary Share66.3M——
Unquoted options after 4.7m August expiry, including 3.5475m at A$0.10 and other classesOption9.4M——
Class A-C performance rights remaining after August conversion; vesting conditions differPerformance Right6.2M——

KPI history

Operating metrics

Comparable series use a shared scale

Corporate cash balance · Company · Point In Time

AUD

3 periods
  1. 30 June 2025662,253 AUD
    Reported
  2. 31 March 20265,413,000 AUD
    Reported
  3. 30 June 20264,602,858 AUD
    Reported
Operating metric source table4
MetricProjectPeriodPeriod typeValueStatus
Corporate cash balanceCompany30 June 2025Point In Time662,253 AUDReported
Corporate cash balanceCompany31 March 2026Point In Time5,413,000 AUDReported
Corporate cash balanceCompany30 June 2026Point In Time4,602,858 AUDReported
Quarterly exploration cash spendCompanyFY2026 Q4Quarter1,116,000 AUDReported
Company guidance1
MetricProjectPeriodLowHighStatus
Planned Drilling HolesoonagalabiPhase 4 planned to start 8 October 2026810 holesCurrent

Capital history

Capital events

1 events · newest first
DateEventAmountSharesPriceStatusTerms
2025-10-27RaisingOrdinary ShareA$6M10MA$0.6CompletedHistorical October 2025 placement reported in FY2026 share reconciliation.Max 10M

Contracts and ownership

Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.

Partial · as of 2026-09-27

BHP Xplor 2026 provided US$500,000 equity-free funding and technical input; the annual report says an ongoing partnership is being explored but no new agreement exists. Current program expiry and remaining obligations are not disclosed.

US$500,000 equity-free BHP Xplor 2026 award and specialist technical support. FY2026 cash flows show A$684,000 receipts from the program; annual report says an ongoing partnership is being explored, with no agreement yet. No second cash credit is appropriate.

Strategic Partnership · Unknown
Counterparties
BHP Xplor
Applies to
Oonagalabi · Copper · Zinc
Economic direction
Benefit
Period
From 2026-02-02; no end date stated
Key terms
Non-dilutive award: 500,000 USD
Equity issued to BHP: 0 percent
How it affects our valuation

No valuation treatment is available for this arrangement.