Antares Metals Limited — Bacchus Resources Ceases Substantial Holding on 26 October 2026

Aditi Sarkar

06 November 2026 04:04 PM AEDT

Antares Metals Limited — Bacchus Resources Ceases Substantial Holding on 26 October 2026

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Antares Metals Limited (ASX:AM5) has received a notice disclosing that Bacchus Resources Limited has ceased to be a substantial holder in the company, with the change recorded as of 26 October 2026 following a dilution event resulting from the issue of 524,234,766 placement and lead manager shares.

Key Points

Bacchus Resources Limited ceased to be a substantial holder in Antares Metals on 26 October 2026.
The change resulted from dilution due to the issue of 524,234,766 T1 and T2 Placement and lead manager shares.
Bacchus Resources' relevant interest in ordinary shares moved from 7.30% to 4.04%, affecting 55,817,386 ordinary shares.
No consideration was given by Bacchus Resources in relation to the change; the dilution arose from the company's share issuance.
The previous substantial holder notice was given to the company on 5 November 2024 and was dated 5 November 2024.

Cessation of Substantial Holding Details

According to the filing, Bacchus Resources Limited, ACN 606 340 872, formally ceased to be a substantial holder in Antares Metals Limited on 26 October 2026. The notice was signed on 4 November 2026 by Vaughan Cullen in his capacity as Director and Secretary of Bacchus Resources Limited. The filing states that the previous notice provided to Antares Metals was given and dated 5 November 2024. No changes in association were reported, with the filing recording "N/A" against that section.

Nature of Change and Securities Affected

The filing discloses that the change to Bacchus Resources' relevant interest arose from dilution due to the issue of 524,234,766 T1 and T2 Placement and lead manager shares by Antares Metals. The number of ordinary securities held by Bacchus Resources and affected by the change was recorded as 55,817,386. The consideration given in relation to the change was nil, indicating that Bacchus Resources did not participate in the placement that triggered the dilution of its proportional holding.

Voting Interest Before and After the Change

According to the filing, the change in dilution reduced Bacchus Resources' voting interest in Antares Metals from 7.30% to 4.04%, with 55,817,386 votes affected. As the holding fell below the 5% substantial holder threshold, Bacchus Resources was required to lodge this cessation notice under Section 671B of the Corporations Act 2001. The filing identifies Bacchus Resources Pty Ltd as the entity whose relevant interest changed on 26 October 2026, with its address recorded as 193 Yambil Street, Griffith NSW 2680.

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