Skylark Minerals Limited (ASX:SKM) has been notified that PDI Gold Limited and its controlled entities became a substantial holder in the company on 10 November 2026, acquiring 9,264,818 fully paid ordinary shares representing 5.67% voting power under a Subscription Agreement dated 30 October 2026.

Key Points

  • PDI Gold Limited became a substantial holder in Skylark Minerals on 10 November 2026, holding 9,264,818 fully paid ordinary shares.
  • The shares represent 5.67% voting power in Skylark Minerals.
  • PDI Gold acquired the shares on 9 November 2026 at A$0.24 per share, for a total cash consideration of A$2,223,556.32.
  • The acquisition was made pursuant to a Subscription Agreement between PDI Gold Limited and Skylark Minerals dated 30 October 2026.

Substantial Holder Notice Filed by PDI Gold Limited

PDI Gold Limited (ACN 127 171 877), together with its controlled entities collectively referred to as the PDI Group, lodged a Form 603 Notice of Initial Substantial Holder with Skylark Minerals Limited on 10 November 2026. The notice was signed by Matthew Foy in his capacity as Company Secretary of PDI Gold Limited. PDI Gold holds its relevant interest under section 608(1)(a) of the Corporations Act 2001 as the registered holder of the shares issued pursuant to the Subscription Agreement between PDI Gold and Skylark Minerals dated 30 October 2026.

Subscription Agreement Terms and Share Acquisition

According to the filing, PDI Gold Limited acquired 9,264,818 fully paid ordinary shares in Skylark Minerals on 9 November 2026 at a cash consideration of A$0.24 per share, with the total cash consideration amounting to A$2,223,556.32. No non-cash consideration was disclosed. PDI Gold is both the holder of the relevant interest and the registered holder of the securities. The shares were issued pursuant to the Subscription Agreement dated 30 October 2026, a copy of which was annexed to the notice.

PDI Group Corporate Structure and Associated Entities

The PDI Group comprises PDI Gold Limited and a number of controlled entities listed in Annexure A of the filing, including Bougouni Resources Pty Ltd, Kenieba Resources Pty Ltd, Kita Resources Pty Ltd, Tinkisso Pty Ltd, Manoko Resources Pty Ltd, and Robex Resources Management Australia Pty Ltd, all registered in Australia. The PDI Group also includes entities incorporated or registered in Guinea, Canada, Cyprus, the United Arab Emirates, and Côte d'Ivoire. Each PDI Group entity other than PDI Gold Limited is disclosed as an associate of PDI under section 12(2)(a)(i) of the Corporations Act 2001.