Capital Signal

AJ Lucas Group Limited (ASX: AJL)

Sector: Industrials

Market cap: A$8M (as of 2 Nov 2026)

A leading provider of drilling services to the energy and resources sectors, but primarily focused on delivering a suite of degasification and exploration drilling and related services to Australian metallurgical coal mines. The Company is also an operat

Data as of 2 Nov 2026.

Recent capital raises

DateTypeAmountPriceDiscountSource
28 Sept 2022Placement$19.7M$0.1129% discountFiling ↗
9 Dec 2019Rights issue$28.6M$0.07—Filing ↗
10 Nov 2019Rights issue$46.3M——Filing ↗

Substantial holders — latest moves

DateHolderMoveHoldingSource
29 Aug 2025Kerogen Investments No 1 (HK) Limited, Kerogen Investments Intertrust Corporate Services (Cayman) Limited, Kerogen General Partner Limited, Kerogen Capital Limited, Kerogen Holding LimitedEntry?% → 56.67%Filing ↗
30 Aug 2024Kerogen Investments No 1 (HK) Limited, Kerogen Investments Intertrust Corporate Services (Cayman) Limited, Kerogen General Partner Limited, Kerogen Capital Limited, Kerogen Holding LimitedEntry?% → 56.67%Filing ↗
6 Oct 2022Kerogen Investments No 1 (HK) Limited, Kerogen Investments Intertrust Corporate Services (Cayman) Limited, Kerogen General Partner Limited, Kerogen Capital Limited, Kerogen Holding LimitedIncrease—Filing ↗
13 Dec 2019Kerogen Investments No.1 (HK) Limited (Kerogen Investments) Kerogen General Partner Limited (Kerogen) and each of the entities listed in Annexure A (Kerogen Group)Decrease67.6% → 65.4%Filing ↗
22 Nov 2019Lucas Group LLzZIExit—Filing ↗

Cash and runway

MetricValueAs ofSource
CashA$6M30 Sept 2026Filing ↗
Runway2.6 quarters30 Sept 2026Filing ↗

Ask about AJL in Claude or ChatGPT

Add the Capital Signal connector at https://capitalsignal.io/api/mcp, then ask:

  • Has AJL raised money in the last year, and at what discount?
  • What was AJL's latest cash position and runway?

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