Mantle Minerals Cancels 62.5 Million Performance Rights Following Robert Mosig Director Departure

Aditi Sarkar

05 November 2026 05:31 PM AEDT

Mantle Minerals Cancels 62.5 Million Performance Rights Following Robert Mosig Director Departure

Image Source: Krish Capital Pty Ltd

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Mantle Minerals Limited (ASX:MTL) has disclosed the cessation of 62,500,000 performance rights (ASX code: MTLAT) on 28 October 2026, following their lapse due to conditions that have not been, or have become incapable of being, satisfied, in connection with Robert Mosig ceasing as a director of the company.

Key Points

62,500,000 MTLAT performance rights lapsed on 28 October 2026
The rights lapsed because conditions have not been, or have become incapable of being, satisfied
The lapse followed Robert Mosig ceasing as a director of Mantle Minerals
No consideration was paid by the company for the cessation of the securities
Following the cessation, 62,500,000 MTLAT performance rights remain on issue as unquoted equity securities

Performance Rights Cessation Details

According to the filing lodged on 5 November 2026, 62,500,000 unquoted performance rights carrying the ASX security code MTLAT have ceased. The cessation was recorded as a lapse of conditional rights to securities because the conditions attached to those rights have not been, or have become incapable of being, satisfied. The company disclosed that no consideration was paid in connection with the cessation of these securities. The lapse occurred on 28 October 2026 and was made in accordance with the terms of the performance rights.

Robert Mosig Director Cessation

Mantle Minerals disclosed in the filing that the lapse of the 62,500,000 performance rights occurred in accordance with their terms following Robert Mosig ceasing as a director of the company. The filing does not disclose further details regarding the circumstances or timing of Mr Mosig's departure from the board. The company stated that the performance rights lapsed in accordance with their terms, and no additional information regarding the nature of the unmet or incapable conditions was provided in the filing.

Issued Capital Following the Cessation

Following the cessation, Mantle Minerals' issued capital comprises 7,233,114,834 ordinary fully paid shares quoted on the ASX. Unquoted equity securities remaining on issue include 62,500,000 MTLAT performance rights and 1,435,669,000 options expiring 19 September 2030 with an exercise price of $0.0005, carrying the ASX code MTLAU. The company noted in the filing that the figures stated may not reflect the entity's current issued capital if other forms are currently with ASX for processing.

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