Golden Horse Minerals Director Nicholas Anderson Acquires 100,000 CDIs at $0.45 Each on 28 October 2026

Aditi Sarkar

04 November 2026 10:15 AM AEDT

Golden Horse Minerals Director Nicholas Anderson Acquires 100,000 CDIs at $0.45 Each on 28 October 2026

Image Source: Krish Capital Pty Ltd

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Golden Horse Minerals Limited (ASX:GHM) has disclosed that director Nicholas Anderson changed his relevant interests in company securities on 28 October 2026, with Burra Station Investments Pty Ltd acquiring 100,000 CDIs on market at an average price of $0.45 per CDI for a total consideration of $45,000.

Key Points

Burra Station Investments Pty Ltd, an entity in which Nicholas Anderson is a director and shareholder, acquired 100,000 CDIs on market on 28 October 2026.
The 100,000 CDIs were acquired at an average price of $0.45 per CDI for total consideration of $45,000.
Following the change, Burra Station Investments Pty Ltd holds 185,000 common shares/CDIs, up from 85,000 prior to the transaction.
The trade did not occur during a closed period requiring prior written clearance.

Transaction Details and Consideration

According to the filing lodged under ASX Listing Rule 3.19A.2, the acquisition was conducted as an on-market trade on 28 October 2026. Burra Station Investments Pty Ltd purchased 100,000 CDIs at an average price of $0.45 per CDI, for a total cash consideration of $45,000. The filing confirms Nicholas Anderson is both a director and shareholder of Burra Station Investments Pty Ltd, and therefore holds an indirect interest in the securities acquired by that entity. No securities were disposed of as part of this change.

Director's Securities Holdings After the Change

Following the transaction, Nicholas Anderson's direct and indirect holdings in Golden Horse Minerals include 100,000 common shares/CDIs held directly; 837,409 common shares/CDIs held indirectly via Burra Woolshed Investments Pty Ltd ATF Burra Station Trust; and 185,000 common shares/CDIs held indirectly via Burra Station Investments Pty Ltd. Anderson also holds 2,000,000 escrowed common shares, 120,000 unquoted options exercisable at C$0.39 on or before 6 December 2029, 500,000 unquoted options exercisable at $1.00 on or before 31 December 2030, 600,000 escrowed performance rights expiring 6 December 2027, 720,000 performance rights expiring across March 2028, 2029, and 2030, and 3,000,000 performance rights expiring 31 December 2030.

Closed Period and Contract Interest Disclosures

The filing states that the interests in securities were not traded during a closed period requiring prior written clearance. Anderson's previous notice was dated 30 March 2026. Part 2 of the filing, addressing changes in a director's interests in contracts, discloses no relevant contract interests, with all fields recorded as not applicable. Part 3 confirms no closed-period clearance obligations arose in connection with this transaction.

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