First AU Limited Lifts Javelin Minerals Stake to 9.91% via Off-Market Takeover Acceptances on 11 November 2026

Aakashdeep

12 November 2026 10:15 AM AEDT

First AU Limited Lifts Javelin Minerals Stake to 9.91% via Off-Market Takeover Acceptances on 11 November 2026

Image Source: Krish Capital Pty Ltd

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Javelin Minerals Limited (ASX:JAV) has received a substantial holder notice disclosing that First AU Limited, together with associated group entities, increased its relevant interest in Javelin from 0.69% to 9.91% of fully paid ordinary shares, following acceptances of its off-market takeover offer recorded on 10 and 11 November 2026.

Key Points

First AU Limited's relevant interest in Javelin Minerals moved from 0.69% (1,995,741 shares) to 9.91% (28,638,199 shares).
The change resulted from acceptances of First AU Limited's off-market takeover Share Offer on 10 and 11 November 2026.
Consideration offered is 0.5882 new First AU shares for every 1 Javelin share, on the terms of the Share Offer.
The takeover contracts remain subject to Share Offer Conditions; First AU's ability to vote and dispose of shares is qualified until those conditions are satisfied or waived.
The notice was signed by Daniel Raihani in his capacity as Executive Chairman on 11 November 2026.

Share Offer Acceptances on 10 and 11 November 2026

According to the filing, two tranches of acceptances drove the increase in First AU Limited's relevant interest. On 10 November 2026, First AU acquired a relevant interest in 1,289,025 fully paid ordinary shares of Javelin Minerals. On 11 November 2026, a further 25,353,433 fully paid ordinary shares were acquired through additional acceptances of the Share Offer. Both tranches were acquired at the same consideration of 0.5882 new First AU shares for every one Javelin share, on the terms set out in the Share Offer.

Terms and Conditions of the Off-Market Takeover Offer

The Share Offer is an off-market takeover bid, the terms of which are set out in First AU Limited's Bidder's Statement dated 2 November 2026, and any replacement or supplementary bidder's statement. The filing states that the takeover contracts remain subject to Share Offer Conditions and that First AU Limited's ability to vote and dispose of the 28,638,199 shares is qualified until those conditions are satisfied or waived. The relevant interest arises under sections 608(1)(a), 608(8) or 608(11) of the Corporations Act 2001, the latter inserted pursuant to ASIC Corporations (Takeover Bids) Instrument 2023/683.

Substantial Holder Group and Filing Details

The substantial holder is identified as First AU Limited, with associated group entities comprising Regent Resources Pty Ltd, Red Dirt Mining Pty Ltd, Victorian Goldfields Pty Ltd, and Jacquian Pty Ltd. First AU Limited holds ACN 000 332 918. The notice records a previous notice was given to Javelin Minerals on 10 November 2026, with the present notice lodged on 11 November 2026. The registered holders of the securities are described as Javelin shareholders who have accepted the Share Offer, with First AU Limited noted as the person entitled to be registered as holder, subject to the offer becoming unconditional.

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