First AU Limited Discloses Initial Substantial Holder Position in Javelin Minerals via Off-Market Takeover Offer

Manish Choudhary

10 November 2026 06:03 PM AEDT

First AU Limited Discloses Initial Substantial Holder Position in Javelin Minerals via Off-Market Takeover Offer

Image Source: Krish Capital Pty Ltd

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Javelin Minerals (ASX:JAV) has received a Form 603 Notice of Initial Substantial Holder from First AU Limited, disclosing a relevant interest in 1,995,741 fully paid ordinary shares, representing 0.69% voting power, arising from acceptances of an off-market takeover offer for Javelin shares.

Key Points

First AU Limited, together with associated Group Entities — Regent Resources Pty Ltd, Red Dirt Mining Pty Ltd, Victorian Goldfields Pty Ltd and Jacquian Pty Ltd — filed the initial substantial holder notice on 10 November 2026.
The relevant interest covers 1,995,741 fully paid ordinary shares, equating to 0.69% voting power in Javelin Minerals.
The shares were acquired on 9 November 2026 via acceptances of First AU Limited's off-market takeover Share Offer, with consideration of 0.5882 new First AU shares for every one Javelin share, and nil cash consideration.
The takeover contracts remain subject to Share Offer Conditions, and First AU Limited's ability to vote and dispose of the shares is qualified until those conditions are satisfied or waived.

Off-Market Takeover Share Offer Terms

According to the filing, First AU Limited's relevant interest arises from acceptances of its off-market takeover offer for Javelin shares, the terms of which are set out in a Bidder's Statement dated 2 November 2026, and any replacement or supplementary bidder's statement. The consideration offered is 0.5882 new First AU shares for every one Javelin share tendered under the Share Offer, with no cash component. The notice was lodged pursuant to section 671B(1)(c) of the Corporations Act 2001 (Cth), and the relevant interest is held under sections 608(1)(a), 608(8), or 608(11) of the same Act.

Registered Holders and Conditional Entitlement

The filing discloses that the 1,995,741 fully paid ordinary shares remain registered with Javelin shareholders who have accepted the Share Offer. First AU Limited is identified as the person entitled to be registered as holder, subject to the Share Offer becoming unconditional. The filing states that First AU Limited's ability to exercise voting rights and dispose of these shares is qualified until the Share Offer Conditions are either satisfied or waived. The shares were acquired on 9 November 2026, with no cash consideration paid.

Group Entities and Signatories

The filing names Regent Resources Pty Ltd, Red Dirt Mining Pty Ltd, Victorian Goldfields Pty Ltd, and Jacquian Pty Ltd as Group Entities, each identified as an associate of First AU Limited pursuant to section 12(2) of the Corporations Act 2001 (Cth). First AU Limited holds ACN 000 332 918. The notice was signed by Daniel Raihani in his capacity as Executive Chairman, dated 10 November 2026. First AU Limited and each Group Entity are listed at Suite 1, 295 Rokeby Road, Subiaco WA 6008.

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