{
  "schema_version": "1.0.0",
  "ticker": "AKM",
  "company_name": "Aspire Mining Limited",
  "cutoff_date": "2026-10-31",
  "reviewed_at": "2026-10-31",
  "coverage_note": "Top 20 registered accounts as at 20 April 2026; separate issuer summary of major holdings as at 12 October 2026. Views overlap and percentages are dated.",
  "register": {
    "as_of_date": "2026-04-20",
    "issued_shares": null,
    "source_ids": [
      "annual-2025"
    ],
    "holders": [
      {
        "holder_id": "register-1",
        "name": "MR TSERENPUNTSAG TSERENDAMBA",
        "classification": "direct_holder",
        "shares": 222542060,
        "percentage": 43.84,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-2",
        "name": "MR QIJUN HUANG",
        "classification": "direct_holder",
        "shares": 50908014,
        "percentage": 10.03,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-3",
        "name": "MICC LLC",
        "classification": "direct_holder",
        "shares": 43834410,
        "percentage": 8.64,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-4",
        "name": "MR YING XU",
        "classification": "direct_holder",
        "shares": 15493744,
        "percentage": 3.05,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-5",
        "name": "SPECTRAL INVESTMENTS PTY LTD <LITHGOW FAMILY A/C> [entry 1]",
        "classification": "direct_holder",
        "shares": 13400000,
        "percentage": 2.64,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Annual report prints exactly the same account name on two separate lines; entry number distinguishes the disclosed lines."
        ]
      },
      {
        "holder_id": "register-6",
        "name": "SPECTRAL INVESTMENTS PTY LTD <LITHGOW FAMILY A/C> [entry 2]",
        "classification": "direct_holder",
        "shares": 8802851,
        "percentage": 1.73,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Annual report prints exactly the same account name on two separate lines; entry number distinguishes the disclosed lines."
        ]
      },
      {
        "holder_id": "register-7",
        "name": "BNP PARIBAS NOMS PTY LTD",
        "classification": "nominee_custodian",
        "shares": 8453771,
        "percentage": 1.67,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-8",
        "name": "BNP PARIBAS NOMINEES PTY LTD <IB AU NOMS RETAILCLIENT>",
        "classification": "nominee_custodian",
        "shares": 5757807,
        "percentage": 1.13,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-9",
        "name": "CITICORP NOMINEES PTY LIMITED",
        "classification": "nominee_custodian",
        "shares": 5546915,
        "percentage": 1.09,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-10",
        "name": "HUROSE PTY LTD",
        "classification": "direct_holder",
        "shares": 4112737,
        "percentage": 0.81,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-11",
        "name": "SADIETILLY CAPITAL PTY LTD <DN INVESTMENT A/C>",
        "classification": "direct_holder",
        "shares": 2685955,
        "percentage": 0.53,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-12",
        "name": "MENTOK PTY LTD",
        "classification": "direct_holder",
        "shares": 2550000,
        "percentage": 0.5,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-13",
        "name": "MR STEPHEN RONALD HOBSON <HOBSON INVESTMENT A/C>",
        "classification": "direct_holder",
        "shares": 2429833,
        "percentage": 0.48,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-14",
        "name": "QUAM SECURITIES LIMITED",
        "classification": "direct_holder",
        "shares": 2141757,
        "percentage": 0.42,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-15",
        "name": "ISTABRAQ PTY LIMITED <KATMAI INVESTMENTS A/C>",
        "classification": "direct_holder",
        "shares": 2102477,
        "percentage": 0.41,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-16",
        "name": "A G E DEVELOPMENTS PTY LTD",
        "classification": "direct_holder",
        "shares": 2098844,
        "percentage": 0.41,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-17",
        "name": "MR KEVIN JOSEPH SMALL",
        "classification": "direct_holder",
        "shares": 1977225,
        "percentage": 0.39,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-18",
        "name": "MRS KRISTY HARGREAVES <HARGREAVES DISCRET A/C>",
        "classification": "direct_holder",
        "shares": 1790000,
        "percentage": 0.35,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-19",
        "name": "MR PETER JOSEPH MCGUIRE",
        "classification": "direct_holder",
        "shares": 1700000,
        "percentage": 0.33,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      },
      {
        "holder_id": "register-20",
        "name": "SANDWICH HOLDINGS PTY LTD",
        "classification": "direct_holder",
        "shares": 1700000,
        "percentage": 0.33,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-04-20",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual-2025"
        ],
        "notes": [
          "Registered account as disclosed in the annual report."
        ]
      }
    ]
  },
  "substantial_holders": [
    {
      "holder_id": "substantial-1",
      "name": "Tserenpuntsag Tserendamba",
      "classification": "reporting_group",
      "shares": null,
      "percentage": 52.5,
      "percentage_basis": "issued_shares",
      "as_of_date": "2026-10-12",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "presentation-2026"
      ],
      "notes": [
        "Issuer presentation reports rounded register percentage, not a precise share count."
      ]
    },
    {
      "holder_id": "substantial-2",
      "name": "Qijun Huang",
      "classification": "reporting_group",
      "shares": null,
      "percentage": 10.4,
      "percentage_basis": "issued_shares",
      "as_of_date": "2026-10-12",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "presentation-2026",
        "huang-20260423"
      ],
      "notes": [
        "Issuer presentation reports rounded register percentage, not a precise share count.",
        "An 8 April 2026 Form 604 reported 53,108,014 shares and 10.46% voting power. The later October issuer chart gives 10.4%, without share count; it is not clear whether the difference reflects rounding convention or a change."
      ],
      "caveat": "The April Form 604 reported 10.46%; the later issuer chart says 10.4% without a share count."
    }
  ],
  "sources": [
    {
      "source_id": "annual-2025",
      "title": "2025 annual report",
      "publisher": "Aspire Mining Limited via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03083971-2A1668826",
      "publication_date": "2026-04-29",
      "accessed_date": "2026-10-31",
      "locator": "downloads/AKM/2026/2026-04-29_Annual Report to shareholders_856ef931b77f881e.pdf, PDF pages 79–80",
      "detail": "Twenty registered holders and substantial holders as at 20 April 2026."
    },
    {
      "source_id": "presentation-2026",
      "title": "Corporate presentation",
      "publisher": "Aspire Mining Limited via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03149230-2A1704495",
      "publication_date": "2026-10-16",
      "accessed_date": "2026-10-31",
      "locator": "downloads/AKM/2026/2026-10-16_Corporate Presentation.pdf, PDF page 13",
      "detail": "Ownership chart as at 12 October 2026, percentages rounded; includes MICC shares on Tserendamba behalf."
    },
    {
      "source_id": "huang-20260423",
      "title": "Change in substantial holding — Qijun Huang",
      "publisher": "Qijun Huang via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03081681-2A1667880",
      "publication_date": "2026-04-23",
      "accessed_date": "2026-10-31",
      "locator": "downloads/AKM/2026/2026-04-23_Change in substantial holding_2b4e65624e45d3ef.pdf, page 1",
      "detail": "Visually inspected scanned Form 604 reports 53,108,014 ordinary shares and 10.46% voting power at 8 April 2026."
    },
    {
      "source_id": "nordsteppe-cease",
      "title": "Ceasing to be a substantial holder — NordSteppe",
      "publisher": "NordSteppe Private Investment Fund LLC via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03056377-2A1653562",
      "publication_date": "2026-02-13",
      "accessed_date": "2026-10-31",
      "locator": "downloads/AKM/2026/2026-02-13_Ceasing to be a substantial holder_4bacf36eb3773ce9.pdf, page 1",
      "detail": "Scanned Form 605 reports cessation on 6 February 2026 and a transfer to Qijun Huang."
    },
    {
      "source_id": "talaxis-cease",
      "title": "Ceasing to be a substantial holder — Talaxis",
      "publisher": "Talaxis Ltd via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03056872-2A1653750",
      "publication_date": "2026-02-16",
      "accessed_date": "2026-10-31",
      "locator": "downloads/AKM/2026/2026-02-16_Ceasing to be a substantial holder_2c76fd09821e41db.pdf, PDF page 2",
      "detail": "Scanned Form 605 reports Talaxis ceased substantial status on 13 February 2026."
    }
  ],
  "limitations": [
    "The top-20 register is dated 20 April 2026; it is not a current beneficial ownership list. Nominee and custodian accounts do not identify underlying investors.",
    "Two Spectral Investments lines have identical names in the original register and are distinguished as separate reported entries.",
    "Registered accounts and the two major investor figures overlap and must not be added together.",
    "The October issuer chart reports 10.4% for Huang but the 8 April notice reported 10.46%; the chart supplies no exact quantity and the reason for the difference is unconfirmed.",
    "NordSteppe and Talaxis ceased substantial status on 6 and 13 February 2026 respectively; cessation alone does not prove a zero remaining position. Later changes below reporting thresholds may not be disclosed."
  ]
}
