Star Minerals Limited (ASX:SMS) has disclosed changes to the relevant interests of two directors, Ashley Stewart Jones and Ian George Stuart, following the expiry and lapse of unlisted options and performance rights on 31 October 2026 and 4 November 2026.

Key Points

  • Director Ashley Stewart Jones had 958,333 unlisted options at $0.06 expiring 31 October 2026 and 1,500,000 Director Performance Rights lapse, held via the Jones Family A/C.
  • Director Ian George Stuart had 1,333,333 unlisted options at $0.06 expiring 31 October 2026 and 2,250,000 Performance Rights lapse, held directly and via Scarfell Pty Ltd.
  • The nature of change for both directors was described as expiry/lapse of unquoted securities, with no consideration disclosed.
  • Neither director's changes occurred during a closed period requiring prior written clearance.

Ashley Stewart Jones Director Interest Change

According to the filing, Ashley Stewart Jones held securities both directly and indirectly via the Jones Family A/C, in which he is trustee and beneficiary. Prior to the changes, his indirect holdings included 4,683,334 fully paid ordinary shares, 958,333 unlisted options at $0.06 expiring 31 October 2026, 1,500,000 Director Performance Rights, and 4,166,666 Performance Rights. Following the lapse of the unlisted options and Director Performance Rights, his holdings after the change comprised 375,000 ordinary shares held directly and, indirectly, 4,683,334 fully paid ordinary shares and 4,166,666 Performance Rights.

Ian George Stuart Director Interest Change

The filing states that Ian George Stuart held securities both directly and indirectly via Scarfell Pty Ltd under the Stuart Superannuation Fund A/C, in which he is director and beneficiary. Prior to the changes, his direct holdings included 2,250,000 Performance Rights, 4,166,666 Performance Rights 2025, and 883,334 ordinary shares, while his indirect holdings comprised 8,272,222 fully paid ordinary shares and 1,333,333 unlisted options at $0.06 expiring 31 October 2026. After the lapse, his direct holdings consist of 4,166,666 Performance Rights 2025 and 883,334 ordinary shares, with the indirect holding of 8,272,222 fully paid ordinary shares unchanged.

Terms of the Lapsed Securities

The filing discloses that the lapsed unlisted options held by both directors carried an exercise price of $0.06 and expired on 31 October 2026. The changes occurred across two dates: 31 October 2026 and 4 November 2026. No consideration was recorded for the disposal of either the options or the performance rights for either director. The filing confirms the transactions did not occur during a closed period and no prior written clearance was required or sought in connection with either director's change of interest.