Sarama Resources Ltd (ASX:SRR) has disclosed that Timothy Kestell, through associated entities Desert Fox Pty Ltd and Old Blood & Guts Pty Ltd, became a substantial holder in the company on 29 May 2026, holding a combined relevant interest of 30,077,000 ordinary shares representing 5.97% voting power.

Key Points

  • Timothy Kestell became a substantial holder in Sarama Resources on 29 May 2026 via two associated entities
  • Combined relevant interest totals 30,077,000 ordinary shares, representing 5.97% voting power
  • Desert Fox Pty Ltd holds 5,000,000 shares; Old Blood & Guts Pty Ltd holds 25,077,000 shares
  • Consideration paid included A$224,903 for 5,000,000 shares acquired on 8 January 2026 and A$350,000 for 25,077,000 shares acquired on 27 May 2026

Substantial Holder Notification Details

According to the filing, Sarama Resources notified the market on 12 November 2026 that Timothy Kestell had become a substantial holder as of 29 May 2026. The disclosure was made in accordance with Sarama's undertaking to ASX under section 671B of the Corporations Act 2001 (Cth), which requires the company to inform the market immediately upon becoming aware of a person becoming a substantial holder. The Form 603 Notice of Initial Substantial Holder was signed by Timothy Kestell in his capacity as Director on 12 November 2026.

Shareholding Structure Across Associated Entities

The filing states that the relevant interest is held across two entities associated with Timothy Kestell. Desert Fox Pty Ltd holds 5,000,000 ordinary shares, with Timothy Kestell identified as the person entitled to be registered as holder. Old Blood & Guts Pty Ltd holds 25,077,000 ordinary shares, also with Timothy Kestell named as the person entitled to be registered as holder. The filing identifies both entities as associates of the substantial holder by reason of Timothy Kestell's directorship of each company.

Consideration Paid for Share Acquisitions

The filing sets out that Desert Fox Pty Ltd acquired 5,000,000 shares on 8 January 2026 for cash consideration of A$224,903. Old Blood & Guts Pty Ltd acquired 25,077,000 shares on 27 May 2026 for cash consideration of A$350,000. Both acquisitions were made in the four months prior to the date on which Timothy Kestell became a substantial holder. No non-cash consideration was disclosed in respect of either acquisition. The total ordinary shares across both entities amount to 30,077,000, carrying 30,077,000 votes.