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The prior January notice used only the name Southey Superfund; that filing does not establish legal identity, so the earlier account remains separate.","original_wording":"Participation in Share Purchase Plan","percentage":null,"percentage_basis":null,"price":0.16,"price_basis":"disclosed","quantity":125000,"quantity_acquired":125000,"quantity_disposed":0,"reconciliation_note":"","security_class":"Fully paid ordinary shares","source_refs":[{"locator":"Mark Southey Appendix 3Y, Part 1; indirect account, date and SPP quantity","page":4,"source_id":"2924-02851557-6A1224962"},{"locator":"Appendix 3Y, Part 1; disclosed A$0.16 per share and Tervuren post-SPP balance","page":5,"source_id":"2924-02851557-6A1224962"}],"supersedes":[],"venue":"not_disclosed","view":"directors"},{"account_entity_id":"cuzzubbo-family-trust","cash_amount":null,"consideration_basis":"cash","consideration_details":"Share Purchase Plan subscription at A$0.16 per share; aggregate cash is not stated.","contract_details":"","currency":"AUD","date":"2024-09-11","date_end":null,"economic_event_id":"aru-darryl-cuzzubbo-spp-2024-09-11","entity_id":"darryl-cuzzubbo","event_id":"aru-darryl-cuzzubbo-spp-2024-09-11","event_type":"subscription","exercise_price":null,"expiry_date":null,"holding_after":637500,"holding_before":450000,"interest_type":"indirect","notes":"Indirect interest through Kazubo Pty Ltd ATF Cuzzubbo Family Trust.","original_wording":"Participation in Share Purchase Plan","percentage":null,"percentage_basis":null,"price":0.16,"price_basis":"disclosed","quantity":187500,"quantity_acquired":187500,"quantity_disposed":0,"reconciliation_note":"","security_class":"Fully paid ordinary shares","source_refs":[{"locator":"Darryl Cuzzubbo Appendix 3Y, Part 1; 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This is 115,384 shares below the July post-SPP amount; the notice does not describe a transaction or explain the difference.","observation_id":"aru-mark-southey-final-indirect-2026-10-22","observation_type":"final","percentage":null,"percentage_basis":null,"quantity":970797,"reconciliation_note":"The 26 October Final Director's Interest Notice reports 970,797 indirect shares at cessation on 22 October, compared with 1,086,181 reported after the 13 July SPP subscription in the 14 July Appendix 3Y. The 115,384-share difference is unexplained in the final notice. No sale, transfer or cancellation is inferred; review of other intervening securities evidence remains pending.","reconciliation_status":"material_unresolved","security_class":"Fully paid ordinary shares","source_refs":[{"locator":"Final Director's Interest Notice, Part 2; indirect holding through Tervuren Pty Ltd ATF Southey Superannuation A/C","page":2,"source_id":"2924-03153013-6A1351312"},{"locator":"14 July Appendix 3Y, Part 1; post-SPP indirect balance","page":1,"source_id":"2924-03110971-6A1333834"}],"supersedes":[],"view":"directors"},{"account_entity_id":null,"date":"2024-09-10","date_end":null,"entity_id":"ian-murray","holding_after":null,"holding_before":null,"interest_type":"direct","notes":"Initial position at appointment; Part 2 states that non-registered interests are not applicable.","observation_id":"aru-ian-murray-initial-nil-2024-09-10","observation_type":"initial","percentage":null,"percentage_basis":null,"quantity":0,"reconciliation_note":"","security_class":"Fully paid ordinary shares","source_refs":[{"locator":"Initial Director's Interest Notice, Part 1; registered securities stated as Nil and appointment date","page":1,"source_id":"2924-02850867-6A1224688"}],"supersedes":[],"view":"directors"},{"account_entity_id":null,"date":"2024-07-26","date_end":null,"entity_id":"christopher-tonkin","holding_after":null,"holding_before":null,"interest_type":"direct","notes":"Final disclosed interest at director cessation; matches the January 2024 indirect holding after the SPP subscription. No later position is reported.","observation_id":"aru-christopher-tonkin-final-shares-2024-07-26","observation_type":"final","percentage":null,"percentage_basis":null,"quantity":463185,"reconciliation_note":"","security_class":"Fully paid ordinary shares","source_refs":[{"locator":"Final Director's Interest Notice, Part 1; registered-holder securities at cessation","page":1,"source_id":"2924-02831603-6A1217356"}],"supersedes":[],"view":"directors"},{"account_entity_id":null,"date":"2024-04-08","date_end":null,"entity_id":"michael-spreadborough","holding_after":null,"holding_before":null,"interest_type":"direct","notes":"Initial position at appointment; Part 2 states not applicable for non-registered interests.","observation_id":"aru-michael-spreadborough-initial-nil-2024-04-08","observation_type":"initial","percentage":null,"percentage_basis":null,"quantity":0,"reconciliation_note":"","security_class":"Fully paid ordinary shares","source_refs":[{"locator":"Initial Director's Interest Notice, Part 1; registered-holder securities stated as Nil; appointment date","page":1,"source_id":"2924-02794194-6A1202138"}],"supersedes":[],"view":"directors"},{"account_entity_id":null,"date":"2024-04-08","date_end":null,"entity_id":"roger-higgins","holding_after":null,"holding_before":null,"interest_type":"direct","notes":"Initial position at appointment; Part 2 states not applicable for non-registered interests.","observation_id":"aru-roger-higgins-initial-nil-2024-04-08","observation_type":"initial","percentage":null,"percentage_basis":null,"quantity":0,"reconciliation_note":"","security_class":"Fully paid ordinary shares","source_refs":[{"locator":"Initial Director's Interest Notice, Part 1; registered-holder securities stated as Nil; appointment date","page":3,"source_id":"2924-02794194-6A1202138"}],"supersedes":[],"view":"directors"},{"account_entity_id":"lockyer-family-trust","date":"2024-02-05","date_end":null,"entity_id":"gavin-lockyer","holding_after":null,"holding_before":null,"interest_type":"indirect","notes":"Terms preserved from the final notice. The cessation filing does not report any later option expiry or exercise.","observation_id":"aru-gavin-lockyer-final-options-031-2024-02-05","observation_type":"final","percentage":null,"percentage_basis":null,"quantity":1240000,"reconciliation_note":"","security_class":"Unlisted options (exercise price A$0.31; expiry 2025-10-21)","source_refs":[{"locator":"Final Director's Interest Notice, Part 1; 1,240,000 options exercisable at A$0.31, expiry 21 October 2025","page":1,"source_id":"2924-02770291-6A1193070"}],"supersedes":[],"view":"directors"},{"account_entity_id":"lockyer-family-trust","date":"2024-02-05","date_end":null,"entity_id":"gavin-lockyer","holding_after":null,"holding_before":null,"interest_type":"indirect","notes":"Terms preserved from the final notice. The cessation filing does not report any later option expiry or exercise.","observation_id":"aru-gavin-lockyer-final-options-043-2024-02-05","observation_type":"final","percentage":null,"percentage_basis":null,"quantity":2118000,"reconciliation_note":"","security_class":"Unlisted options (exercise price A$0.43; expiry 2026-10-20)","source_refs":[{"locator":"Final Director's Interest Notice, Part 1; 2,118,000 options exercisable at A$0.43, expiry 20 October 2026","page":1,"source_id":"2924-02770291-6A1193070"}],"supersedes":[],"view":"directors"},{"account_entity_id":"tonga-superfund","date":"2024-02-05","date_end":null,"entity_id":"gavin-lockyer","holding_after":null,"holding_before":null,"interest_type":"indirect","notes":"Final registered-holder position at cessation; no later position is reported after director departure.","observation_id":"aru-gavin-lockyer-final-tonga-shares-2024-02-05","observation_type":"final","percentage":null,"percentage_basis":null,"quantity":1132403,"reconciliation_note":"","security_class":"Fully paid ordinary shares","source_refs":[{"locator":"Final Director's Interest Notice, Part 1; TONGA Superfund position at cessation","page":1,"source_id":"2924-02770291-6A1193070"}],"supersedes":[],"view":"directors"},{"account_entity_id":"lockyer-family-trust","date":"2024-02-05","date_end":null,"entity_id":"gavin-lockyer","holding_after":null,"holding_before":null,"interest_type":"indirect","notes":"Final registered-holder position at cessation; the quantity matches the January 2024 post-SPP amount.","observation_id":"aru-gavin-lockyer-final-trust-shares-2024-02-05","observation_type":"final","percentage":null,"percentage_basis":null,"quantity":4347500,"reconciliation_note":"","security_class":"Fully paid ordinary shares","source_refs":[{"locator":"Final Director's Interest Notice, Part 1; The Lockyer Family Trust registered-holder position at cessation","page":1,"source_id":"2924-02770291-6A1193070"}],"supersedes":[],"view":"directors"}],"pending_count":154,"pending_ownership_count":6,"pending_support_count":148,"review":{"coverage_note":"Partial three-year disclosure review from 2 November 2023 to 2 November 2026. All 15 in-window director-interest notices have reviewed dispositions; all 17 in-window holder notices are represented, with nine retained as unresolved because some trade schedules or group/account reconciliations remain incomplete. The candidate records supported director trades, grants, lapses and positions; HPPL placements; Morgan Stanley cash trades and borrow returns; and State Street relevant-interest movements without double counting overlapping group interests or inferring unreported closing positions. The 22 October AGM result and board-role notice plus 27 October employee-rights issue and lapse filings were reviewed as context; they add no person-level event or holding. The two automated quoted-capital figures differ by the 907,329-share issue, and no current denominator bridge is inferred.","coverage_start":"2023-11-02","cutoff_date":"2026-11-02","download_profile":"valuation","issuer_identifier":"ABN 22 080 933 455","issuer_name":"Arafura Rare Earths Limited","limitations":["The in-window queue contains 32 substantive notices (15 director-interest and 17 holder notices). All 15 director notices are reviewed; 23 notices have reviewed or supporting dispositions and nine holder notices remain unresolved (zero in-window director notices pending). Three older 2023 director notices remain outside the 2 November 2023 coverage start. The wider cached preparation inventory was not re-scanned.","The January 2024 Mark Southey Appendix 3Y names only Southey Superfund, while later filings identify Tervuren Pty Ltd ATF Southey Superannuation A/C. These accounts are kept separate because the earlier notice does not establish their legal identity; subsequent Tervuren balances are traced from their own reported opening values.","The July 13 Form 604 reports HPPL Group placement changes on 29 May and 9 July 2026 at A$0.26 per share; aggregate cash consideration is not separately stated. Event cash amounts are left null rather than inferred by multiplication.","The 15 July 2026 Rinehart-trust Form 604 and two December 2025 Rinehart/HPPL Form 604 notices refer to overlapping group positions. They are retained as relevant supporting sources and no duplicate holdings or placement subscriptions are counted.","The unresolved notices include six Citigroup forms with generic securities-lending schedules or affiliate-interest changes, Morgan Stanley and MUFG initial-holder forms with extensive trading and lending schedules, and State Street's initial-holder form with a multi-entity acquisition and lending schedule. The 22 December 2025 Morgan Stanley and 2 June 2026 State Street cessation notices are reviewed row by row, but neither reports an aggregate closing share balance; no group close is inferred. No unverified annexure totals or duplicated parent-company interests are entered.","Mark Southey's July Appendix 3Y reports 1,086,181 indirect shares after the SPP subscription; his Final Director's Interest Notice reports 970,797 at cessation on 22 October. The 115,384-share difference is materially unresolved; no sale or transfer is inferred.","The 23 February 2026 Ian Murray notice says the 15 December 2025 SPP transaction was lodged late due to administrative oversight, outside the Listing Rule 3.19A timeline. The stated trade date, quantity and consideration remain supported by the Appendix 3Y.","The evidence is based on filed ASX director and substantial-holder notices. It does not establish unreported daily trading or comprehensive non-director employee activity.","The 27 October Appendix 2A reports 6,074,591,294 quoted shares following a 907,329-share employee issue, while the same-day Appendix 3H's automated figure is 6,073,683,965. The difference equals the 2A issue; both forms warn that figures may not reflect other securities forms being processed. Both source-reported figures are retained as context without asserting a current issued-capital bridge."],"reviewed_at":"2026-11-02T20:48:43Z","schema_version":"1.1.0","ticker":"ARU","view_coverage":{"directors":{"coverage_start":"2023-11-02","note":"All 15 in-window substantive director-interest notices have reviewed dispositions, including initial and final notices, SPPs, on-market purchases, placement subscriptions and a performance-rights grant and expiry. The AGM result and 22 October board-role change plus the 27 October non-KMP employee issue/lapse notices were reviewed as relevant context; no additional person-level event or holding is supported. Substantive director notices are reviewed through Mark Southey's cessation on 22 October 2026. The 115,384-share difference between his July post-SPP balance and October final balance remains materially unresolved; no disposal is inferred. Three older 2023 notices are outside this window.","reviewed_at":"2026-11-02T20:48:43Z","reviewed_through":"2026-10-22","status":"partial"},"major_holders":{"coverage_start":"2023-11-02","note":"All 17 in-window holder notices are represented: four reviewed substantive notices (the two HPPL Group Forms 604, Morgan Stanley's 22 December 2025 Form 605, and State Street's 2 June 2026 Form 605), four relevant supporting/corroborating notices, and nine unresolved forms. The unresolved set includes six Citigroup forms, Morgan Stanley and MUFG initial-holder trading/lending schedules, and State Street's initial-holder trading schedule. The two reviewed Forms 605 preserve each disclosed movement and its subsidiary account without inferring an aggregate closing position or treating lending, borrowing, collateral or transfers as cash purchases/sales. The 27 October employee share issue was checked as capital context; its automated total and the same-day 3H capital figure are not used to infer a holder position or a denominator bridge.","reviewed_at":"2026-11-02T20:48:43Z","reviewed_through":"2026-07-15","status":"partial"}}},"review_digest":"5d3891f73f502d9d5c3883839371521a2af7e0b9ed1f89b78b32cbf7fec83be1","review_issues":[{"note":"The 26 October Final Director's Interest Notice reports 970,797 indirect shares at cessation on 22 October, compared with 1,086,181 reported after the 13 July SPP subscription in the 14 July Appendix 3Y. The 115,384-share difference is unexplained in the final notice. No sale, transfer or cancellation is inferred; review of other intervening securities evidence remains pending.","record_id":"aru-mark-southey-final-indirect-2026-10-22","source_ids":["2924-03110971-6A1333834","2924-03153013-6A1351312"],"status":"material_unresolved","view":"directors"}],"scan":{"failures":[],"last_collected_at":"2026-11-06T12:02:22.087066Z","profile":"valuation","scanned_through":"2026-11-06","ticker":"ARU"},"sources":{"2924-02765693-6A1190883":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.601482Z","page_count":9,"published_at_utc":"2024-01-25T03:51:51Z","relative_path":"2024/2024-01-25_Change of Directors' Interest Notices_0d3f8e88e67b5280.pdf","review_note":"All nine pages reviewed. Pages 1-3 disclose Gavin Lockyer's 25 January 2024 SPP subscription of 187,500 shares at A$0.16 through Lockyer Family Trust and expiry of 677,000 unvested rights on 31 December 2023; pages 4-6 disclose Mark Southey's 187,500-share SPP through Southey Superfund; pages 7-9 disclose Christopher Tonkin's 15,625-share SPP. Each notice matches Arafura and gives before/after balances; no contract changes and no closed-period trades are disclosed.","sha256":"89318961bfb3455803c0d0de325a3f3fe6f72b1b04eb7a46fcb4172ea5b6a157","source_id":"2924-02765693-6A1190883","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change of Directors' Interest Notices","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02765693-6A1190883"},"2924-02770291-6A1193070":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.600886Z","page_count":2,"published_at_utc":"2024-02-07T02:14:14Z","relative_path":"2024/2024-02-07_Final Director's Interest Notice_f3a705249289262f.pdf","review_note":"Both pages reviewed. Gavin John Lockyer ceased as director on 5 February 2024. His final Appendix 3Z reports 4,347,500 shares and two option tranches in The Lockyer Family Trust, plus 1,132,403 shares in TONGA Superfund; no non-registered interests or contract interests are listed. Trust ordinary shares reconcile to the January SPP notice.","sha256":"fbd9664cea8afb3021ec352e8004f41890cf03a26ae5c9e77bf67c07f70acc90","source_id":"2924-02770291-6A1193070","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Final Director's Interest Notice","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02770291-6A1193070"},"2924-02786551-6A1199044":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.600474Z","page_count":3,"published_at_utc":"2024-03-19T01:14:31Z","relative_path":"2024/2024-03-19_Change of Director's Interest Notice_b3577010136617d8.pdf","review_note":"All three pages reviewed. Mark Southey reports a direct on-market purchase of 100,000 ordinary shares on 18 March 2024 at A$0.21, taking his registered holding from 232,140 to 332,140; the separate Southey Superfund position remains 580,760. No relevant contract change or closed-period trade is reported.","sha256":"74baf1f4decf92e55175871b0d6ca2a5e135792451763f16afedf3d2827ca3a0","source_id":"2924-02786551-6A1199044","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change of Director's Interest Notice","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02786551-6A1199044"},"2924-02794194-6A1202138":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.599508Z","page_count":4,"published_at_utc":"2024-04-10T06:25:50Z","relative_path":"2024/2024-04-10_Initial Director's Interest Notices_8374933c379f189a.pdf","review_note":"All four pages visually reviewed. Pages 1-2 are Michael Spreadborough's Appendix 3X and pages 3-4 Roger Higgins's. Both identify Arafura, appointment on 8 April 2024, nil registered securities, no indirect interests and no contract interests.","sha256":"a1b63c5998e550a4b299d8c6432e3d5e03748e8e18e3d0bf5d3e48bdace45433","source_id":"2924-02794194-6A1202138","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Initial Director's Interest Notices","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02794194-6A1202138"},"2924-02819071-6A1212230":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.599228Z","page_count":3,"published_at_utc":"2024-06-19T08:25:16Z","relative_path":"2024/2024-06-19_Change of Director's Interest Notice_a750479c3c783a2a.pdf","review_note":"All three pages reviewed. Michael Spreadborough reports an indirect purchase of 610,000 ordinary shares on 17 June 2024 at A$0.164815 through Asgard Open eWRAP Super Account <Michael Spreadborough>; the disclosed balance rises from nil to 610,000. No contract change or closed-period trade is reported.","sha256":"0f8e45ddb9f4e45c5095e54e4030a5831282e9af49a21d91a1e9967b55e871f5","source_id":"2924-02819071-6A1212230","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change of Director's Interest Notice","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02819071-6A1212230"},"2924-02831603-6A1217356":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.597757Z","page_count":2,"published_at_utc":"2024-07-25T22:20:30Z","relative_path":"2024/2024-07-26_Final Director's Interest Notice_2485ef98b3867ba0.pdf","review_note":"Both pages reviewed. Christopher Stephen Tonkin ceased as director on 26 July 2024. His final notice reports 463,185 fully paid ordinary shares in Part 1, matching the January 2024 post-SPP balance; Part 2 and contract interests are nil/not applicable.","sha256":"dcd7fd669127be993c1b3b65db2360a89399fac54282b1a617632ee3ca6733fb","source_id":"2924-02831603-6A1217356","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Final Director's Interest Notice","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02831603-6A1217356"},"2924-02834709-6A1218925":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.597372Z","page_count":3,"published_at_utc":"2024-08-01T06:37:17Z","relative_path":"2024/2024-08-01_Change of Director's Interest Notice_c9cfbdc89f66bf5a.pdf","review_note":"All three pages reviewed. Roger John Higgins reports an indirect on-market purchase of 500,000 fully paid ordinary shares on 30 July 2024 through the Diana and Roger Higgins Family Trust at A$0.17 per share, from nil to 500,000. No contract change or closed-period trade is reported.","sha256":"2ed1ad99fdc3026127ab3fb9b662f88d820a3486960ba6da03a26652a6f29d97","source_id":"2924-02834709-6A1218925","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change of Director's Interest Notice","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02834709-6A1218925"},"2924-02850867-6A1224688":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.591409Z","page_count":2,"published_at_utc":"2024-09-09T23:51:06Z","relative_path":"2024/2024-09-10_Initial Director's Interest Notice_7b6e5c4b68a48969.pdf","review_note":"Both pages reviewed. Ian Murray's Appendix 3X identifies Arafura, appointment on 10 September 2024, nil registered holdings, no indirect interests and no contract interests.","sha256":"37133d2c64b2b378e36c959c7a59bd41f86867762cc67c1081995693456c0926","source_id":"2924-02850867-6A1224688","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Initial Director's Interest Notice","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02850867-6A1224688"},"2924-02851557-6A1224962":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.590833Z","page_count":9,"published_at_utc":"2024-09-11T07:09:05Z","relative_path":"2024/2024-09-11_Change of Directors' Interest Notices_d4e93b70ceff145c.pdf","review_note":"All nine pages reviewed. Pages 1-3 disclose Darryl Cuzzubbo's 11 September SPP subscription of 187,500 shares at A$0.16, 450,000 to 637,500; pages 4-6 disclose Mark Southey's 125,000-share SPP at A$0.16 through Tervuren, 580,760 to 705,760; pages 7-9 disclose Michael Spreadborough's 187,500-share SPP at A$0.16 through Asgard, 610,000 to 797,500. No contract changes or closed-period trades are reported.","sha256":"307f209c48f868646c0522c216cc065d3f9d5f71b7b6331c3d7aed0fadc56e64","source_id":"2924-02851557-6A1224962","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change of Directors' Interest Notices","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02851557-6A1224962"},"2924-02974371-6A1276542":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.586391Z","page_count":5,"published_at_utc":"2025-08-01T08:38:55Z","relative_path":"2025/2025-08-01_Becoming a substantial holder_8f431bf2c995017c.pdf","review_note":"All five pages reviewed. Citigroup reports a 30 July 2025 threshold position of 142,636,137 shares (5.7880%) across related companies, including securities-lending and ordinary-course interests. Acquisition dates and consideration are listed as various and the annexures give standard lending terms rather than transaction-level evidence; no market purchases or lending transfers are inferred.","sha256":"e97bae47d151db74534daaebc511b519631a36133b4b555cdfd0d7038dfd4ca4","source_id":"2924-02974371-6A1276542","state":"unresolved","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Becoming a substantial holder","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02974371-6A1276542"},"2924-02975381-6A1276994":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.586083Z","page_count":4,"published_at_utc":"2025-08-05T06:58:32Z","relative_path":"2025/2025-08-05_Ceasing to be a substantial holder_f2fd2cc997c842de.pdf","review_note":"All four pages reviewed. Citigroup says it ceased to be substantial on 31 July 2025 and reports affiliate-level relevant-interest changes of -26,345, +3,295,698 and -51,744,302 shares, primarily under securities-lending agreements. Annexures describe standard loan terms but do not identify the underlying transfers or a complete account-by-account reconciliation; no purchase or sale is inferred.","sha256":"87ca34eb3c592b1f6184976ecb126a851bb0b286fb452928900b37e47a74f667","source_id":"2924-02975381-6A1276994","state":"unresolved","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Ceasing to be a substantial holder","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02975381-6A1276994"},"2924-02981093-6A1279240":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.585071Z","page_count":5,"published_at_utc":"2025-08-20T08:38:31Z","relative_path":"2025/2025-08-20_Becoming a substantial holder_cc291eebc1579969.pdf","review_note":"All five pages reviewed. Citigroup reports a 13 August 2025 threshold position of 146,741,271 shares (5.9546%) across related companies, including securities-lending interests and an ordinary-course interest. Section 5 lists dates and consideration as various; annexures provide generic loan terms rather than the transaction schedule needed to separate cash trades from lending movements.","sha256":"4379ee69646fa0ce82db61482a3866587ac357df7952b76767e8a79269af7290","source_id":"2924-02981093-6A1279240","state":"unresolved","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Becoming a substantial holder","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02981093-6A1279240"},"2924-02981105-6A1279251":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.584826Z","page_count":4,"published_at_utc":"2025-08-20T09:10:16Z","relative_path":"2025/2025-08-20_Ceasing to be a substantial holder_75c987dfd525cbae.pdf","review_note":"All four pages reviewed. Citigroup reports cessation on 14 August 2025 and affiliate changes of +3,295,698 and -53,744,302 shares under securities-lending arrangements. The notice states that its previous notice was given on 20 August 2025, the same date as this filing, despite the 14 August cessation. Annexures describe standard loan terms but do not establish underlying trades or reconcile all group interests; this timing and movement remain unresolved.","sha256":"4a1d61545898b02c27af2b5d2d9bcb28408e5b5f284c7367b40308cb4f3cc42c","source_id":"2924-02981105-6A1279251","state":"unresolved","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Ceasing to be a substantial holder","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02981105-6A1279251"},"2924-03003009-6A1288101":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.580195Z","page_count":6,"published_at_utc":"2025-10-02T22:30:30Z","relative_path":"2025/2025-10-03_Change of Directors' Interest Notices_d4841de708ca1965.pdf","review_note":"All six pages reviewed. Pages 1-2 report Darryl Cuzzubbo's indirect 789,473-share placement subscription at A$0.19 on 2 October 2025, taking the trust position to 1,426,973; pages 3-4 report Michael Spreadborough's direct 263,157-share placement subscription at A$0.19, with his Asgard holding unchanged; pages 5-6 report Ian Murray's 526,315-share subscription at A$0.19 through Citicorp. Before/after amounts are stated; no closed-period trades are disclosed.","sha256":"d5dc7b1bf6a19e00ccfb91218ea4e48d8f6454174370cb2ce4fbdc34a42101fe","source_id":"2924-03003009-6A1288101","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change of Directors' Interest Notices","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03003009-6A1288101"},"2924-03007338-6A1289913":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.579439Z","page_count":2,"published_at_utc":"2025-10-13T21:20:37Z","relative_path":"2025/2025-10-14_Change of Director's Interest Notice_4495f305ce9ffaca.pdf","review_note":"Both pages reviewed. Mark Southey reports an indirect 157,895-share SPP subscription through Tervuren Pty Ltd ATF Southey Superannuation A/C on 10 October 2025 at A$0.19, increasing the account from 705,760 to 863,655 shares; direct shares remain 332,140. No relevant contract or closed-period trade is disclosed.","sha256":"1f145a8def1336b4fa53f5da111cde7dc2ffb1a1ef26be8bd58d4458696e2b6a","source_id":"2924-03007338-6A1289913","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change of Director's Interest Notice","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03007338-6A1289913"},"2924-03037734-6A1303571":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.574644Z","page_count":6,"published_at_utc":"2025-12-15T09:03:02Z","relative_path":"2025/2025-12-15_Change in substantial holding_9ab8d5ad39fa3f56.pdf","review_note":"All six pages reviewed. The Form 604 identifies the HPPL Group and Arafura Rare Earths Limited (ACN 080 933 455), reports the group's aggregate voting interest at 726,487,213 shares (15.60%), and lists five share-placement participations on page 1. Annexure A pages 3\u20136 identifies the HPPL group companies. The reported per-share prices are preserved; total cash consideration is not stated and is not calculated.","sha256":"c3b724a8f80c48e7efcc9091a6fe1deec7602cad8e1797374729436915180f07","source_id":"2924-03037734-6A1303571","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change in substantial holding","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03037734-6A1303571"},"2924-03038596-6A1303943":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.574339Z","page_count":3,"published_at_utc":"2025-12-17T04:24:08Z","relative_path":"2025/2025-12-17_Change in substantial holding_edd1d9cc4ab40101.pdf","review_note":"All three available pages visually reviewed. Bianca Hope Rinehart in her capacity as trustee of the Hope Margaret Hancock Trust reports a 726,487,213-share (15.60%) relevant interest at 12 December 2025 and directs readers to the HPPL Group's 15 December Form 604 for the underlying changes. This filing repeats the same group position; it does not disclose separate trades.","sha256":"be5330ffdc8a33b2c91cb14e824513f28b64b88ff937136046e7a3f6f84554f3","source_id":"2924-03038596-6A1303943","state":"supporting","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change in substantial holding","triage":{"classification":"relevant","reason":"Trustee filing confirms the control attribution and overlapping aggregate position already reported by the HPPL Group; it adds no independent transactions or shares to sum.","views":["major_holders"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03038596-6A1303943"},"2924-03038597-6A1303944":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.574109Z","page_count":6,"published_at_utc":"2025-12-17T04:24:38Z","relative_path":"2025/2025-12-17_Change in substantial holding_d23b1eec8215a89a.pdf","review_note":"All six pages visually reviewed. This HPPL Group Form 604 repeats the five placement participations (14 December 2023, 31 July 2024, 25 August 2025, 4 November 2025 and 12 December 2025) and the same 726,487,213-share aggregate position already recorded from the 15 December 2025 HPPL Form 604. No duplicate events or holdings are added.","sha256":"d404eb6b275d99ab175f9059ea5e6aa5addb8e84fa6ee84f1abf4feab040e54d","source_id":"2924-03038597-6A1303944","state":"supporting","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change in substantial holding","triage":{"classification":"relevant","reason":"Duplicate fax copy of the HPPL Group Form 604 reviewed as the primary source 2924-03037734-6A1303571; it adds no new transactions or positions.","views":["major_holders"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03038597-6A1303944"},"2924-03038705-6A1303994":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.573400Z","page_count":8,"published_at_utc":"2025-12-17T06:35:03Z","relative_path":"2025/2025-12-17_Change of Directors' Interest Notices_1a2fb475639da82c.pdf","review_note":"All eight pages reviewed. Pages 1-2 disclose Mark Southey's 107,142-share SPP through Tervuren at A$0.28 on 15 December 2025; pages 3-4 disclose Michael Spreadborough's 107,142-share direct SPP, with Asgard unchanged; pages 5-6 disclose Roger Higgins's 107,142-share SPP through his family trust; pages 7-8 disclose Darryl Cuzzubbo's grant of 10,638,510 performance rights through Kazubo Family Trust for nil consideration, following AGM approval on 30 October 2025. Before/after balances are recorded where stated; no closed-period trades are reported.","sha256":"58c0b7b634d186e802f538dc9d2bee6ce311936fa3e1463b778603a265226f1e","source_id":"2924-03038705-6A1303994","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change of Directors' Interest Notices","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03038705-6A1303994"},"2924-03039846-6A1304470":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.572980Z","page_count":32,"published_at_utc":"2025-12-19T04:02:35Z","relative_path":"2025/2025-12-19_Becoming a substantial holder from MS_8250c1110be7ba1d.pdf","review_note":"The 32-page Form 603 identifies Morgan Stanley and its subsidiaries, 234,371,879 shares and 5.03% voting power at 16 December 2025. Pages 2\u201324 contain dated buys, sells, collateral and borrow lines across multiple entities; the prescribed parser did not parse the native table, and a date-reordered draft produced unreliable rows. The 603 schedule has not been transcribed or reconciled, so no speculative events are entered.","sha256":"6c81d7a6ab0e51fc4f7e3b1ec7af1d7389d6958d9bd49623dba0fd4babbe57b3","source_id":"2924-03039846-6A1304470","state":"unresolved","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Becoming a substantial holder from MS","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03039846-6A1304470"},"2924-03040016-6A1304528":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.571688Z","page_count":62,"published_at_utc":"2025-12-19T06:45:21Z","relative_path":"2025/2025-12-19_Becoming a substantial holder from MUFG_a584482d08a86fc6.pdf","review_note":"The 62-page Form 603 reports the same 234,371,879-share, 5.03% position as Morgan Stanley, based on MUFG's parent-company relevant interest in Morgan Stanley. Annexure B contains extensive underlying trading and securities-lending schedules; row-level overlap with the Morgan Stanley filing has not been reconciled. No additional parent-level trades or duplicated positions are entered.","sha256":"803557a0592afc20f590382b9b59676546df6b230d6be280c3c41eac671ddc4c","source_id":"2924-03040016-6A1304528","state":"unresolved","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Becoming a substantial holder from MUFG","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03040016-6A1304528"},"2924-03040633-6A1304828":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.570108Z","page_count":8,"published_at_utc":"2025-12-22T05:56:21Z","relative_path":"2025/2025-12-22_Ceasing to be a substantial holder from MS_fc233181500f58eb.pdf","review_note":"All eight pages reviewed. The Form 605 identifies Arafura Rare Earths Limited (ACN 080 933 455), states Morgan Stanley and its Annexure A subsidiaries ceased to be substantial on 17 December 2025, and gives 21 same-day relevant-interest changes in section 2 (page 1): 12 cash buys and seven cash sales by Morgan Stanley Australia Securities Limited, plus two Borrow Returned movements by Morgan Stanley & Co. International plc and Morgan Stanley & Co. LLC. Page 1 was visually checked against the parsed schedule. The form gives consideration per cash row but no currency code or trading venue. AUD is inferred from the ASX-listed ordinary-share context; per-share prices are calculated from each row's stated consideration and quantity. Annexure B pages 6-8 describes lending agreements, not additional trade rows. No closing aggregate or account balance is stated or inferred.","sha256":"25c9eea028640145de86aedd6f62f42e3909ce1e1df64e0f6be0869dc9b73c9f","source_id":"2924-03040633-6A1304828","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Ceasing to be a substantial holder from MS","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03040633-6A1304828"},"2924-03040681-6A1304853":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.569545Z","page_count":4,"published_at_utc":"2025-12-22T06:59:17Z","relative_path":"2025/2025-12-22_Ceasing to be a substantial holder from MUFG_59e4204b0446ab18.pdf","review_note":"All four pages reviewed. Annexure A repeats the same 21 transactions dated 17 December 2025 as the Morgan Stanley Form 605, describing purchases and sales by Morgan Stanley-controlled entities; Annexure B gives securities-lending terms. This is the parent group's overlapping relevant interest, not a separate set of economic events.","sha256":"7c0457e045b1dbd3d8d22ced205de879cffa262a496d4aaf0871a3f154209cc2","source_id":"2924-03040681-6A1304853","state":"supporting","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Ceasing to be a substantial holder from MUFG","triage":{"classification":"relevant","reason":"Parent-company Form 605 corroborates the Morgan Stanley cessation schedule; overlapping underlying transactions are not counted twice.","views":["major_holders"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03040681-6A1304853"},"2924-03059814-6A1313271":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.568255Z","page_count":3,"published_at_utc":"2026-02-23T06:39:44Z","relative_path":"2026/2026-02-23_Change of Director's Interest Notice_137052894ea3bd5f.pdf","review_note":"All three pages reviewed. Ian Murray's notice records a 107,142-share SPP subscription on 15 December 2025 at A$0.28 through Citicorp <170839 Murray Super A/C>, increasing the indirect balance from 526,315 to 633,457. The 23 February 2026 cover letter says the notice was delayed by administrative oversight and lodged outside Listing Rule 3.19A timing; it does not alter the reported trade details.","sha256":"8654bdd1e7a2ff68369ae6a0dfbb06334f214025e2c0c1b299b43218f5bcd467","source_id":"2924-03059814-6A1313271","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change of Director's Interest Notice","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03059814-6A1313271"},"2924-03093446-6A1326833":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.565464Z","page_count":6,"published_at_utc":"2026-05-25T07:04:57Z","relative_path":"2026/2026-05-25_Becoming a substantial holder_a0540f0935779a95.pdf","review_note":"All six pages reviewed. Citigroup reports 297,182,971 shares (6.35%) as of 21 May 2026, allocated across related companies with securities-lending and ordinary-course interests. Section 5 gives acquisition dates and consideration as various; Annexure A describes standard lending arrangements without the underlying transaction list. No market transactions are inferred.","sha256":"7e690107f35773295c9cb0a0231d278193c656b6733cb44ccc52534aa27bc57c","source_id":"2924-03093446-6A1326833","state":"unresolved","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Becoming a substantial holder","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03093446-6A1326833"},"2924-03093900-6A1327006":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.565180Z","page_count":14,"published_at_utc":"2026-05-26T07:46:31Z","relative_path":"2026/2026-05-26_Becoming a substantial holder_83f1b0f52491c2e3.pdf","review_note":"All 14 pages reviewed. State Street reports 250,013,804 shares (5.34%) on 22 May 2026. Annexure A contains dated share-acquisition, securities-lending and related rows; the prescribed parser returned no reliable rows and left 323 lines unparsed. The visible aggregate cannot substitute for a complete row-level event review, so no transactions are entered.","sha256":"0532e8ebf9b29d3c265b7e34405ad3489881b1068f3f698faee2222f02fd5421","source_id":"2924-03093900-6A1327006","state":"unresolved","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Becoming a substantial holder","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03093900-6A1327006"},"2924-03096458-6A1328023":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.563838Z","page_count":6,"published_at_utc":"2026-06-02T08:02:14Z","relative_path":"2026/2026-06-02_Ceasing to be a substantial holder_4270fd387f2993fa.pdf","review_note":"All six pages reviewed. The Form 605 identifies Arafura Rare Earths Limited and states that State Street Corporation and its named subsidiaries ceased to be substantial on 29 May 2026. All 28 rows in Annexure A (page 3) were visually checked and transcribed as signed changes in relevant interest for State Street Bank and Trust Company and State Street Global Advisors, Australia, Limited. The rows describe securities lending, stock borrowing, transfers in and collateral; they are retained as non-purchase/sale movements, with the named legal entities kept separate. The five transfer-in rows display 0.27 in the consideration column, but the form does not establish whether that is a unit or total amount or identify a currency; no cash amount or price is inferred. The Form 605 gives no closing aggregate position, and no account or group balance is inferred from the changes.","sha256":"4e847b48cf425a7930c85152715be24970cf5c65b0b61d2a320966475879874c","source_id":"2924-03096458-6A1328023","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Ceasing to be a substantial holder","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03096458-6A1328023"},"2924-03097337-6A1328346":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.560950Z","page_count":5,"published_at_utc":"2026-06-04T05:16:26Z","relative_path":"2026/2026-06-04_Ceasing to be a substantial holder_760ccc6cbba2938d.pdf","review_note":"All five pages reviewed. Citigroup reports cessation on 2 June 2026 and five affiliate-level increases/decreases in relevant interests, including a -133,635,635-share change for Citigroup Global Markets Limited. The changes refer to securities-lending arrangements and ordinary-course interests, while Annexure A gives generic loan terms rather than an underlying transaction schedule; a full group reconciliation is unavailable.","sha256":"0248e9baafd1a32892c236d3f8f75db803766f172b913ea78daa42c011876272","source_id":"2924-03097337-6A1328346","state":"unresolved","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Ceasing to be a substantial holder","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03097337-6A1328346"},"2924-03110592-6A1333680":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.558784Z","page_count":6,"published_at_utc":"2026-07-13T09:16:33Z","relative_path":"2026/2026-07-13_Change in substantial holding_4bf4286a85924df4.pdf","review_note":"All six pages visually reviewed because scanned text extraction contained no substantive text. Pages 1\u20132 identify Arafura Rare Earths Limited (ACN 080 933 455), HPPL Group and two placement changes (29 May and 9 July), each at A$0.26/share; page 2 reports the present aggregate 1,053,410,290 votes / 17.48%; pages 3\u20136 list the HPPL group companies. No group subsidiary allocation or event-level intermediate balance is disclosed.","sha256":"95a3699d756ab8ae9f3442613d27d5ae55f797e37789d675ac35273e8fd66fe3","source_id":"2924-03110592-6A1333680","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change in substantial holding","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03110592-6A1333680"},"2924-03110971-6A1333834":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.556091Z","page_count":4,"published_at_utc":"2026-07-14T06:57:47Z","relative_path":"2026/2026-07-14_Change of Directors' Interest Notices_ef7560bfe815c33b.pdf","review_note":"All four pages reviewed. Pages 1\u20132 disclose Mark Southey's SPP subscription; pages 3\u20134 disclose Ian Murray's SPP subscription. Both name Arafura Rare Earths Ltd and ABN 22 080 933 455, specify 115,384 ordinary shares at A$0.26 on 13 July 2026, and report before/after account balances. Both notices state no relevant contract change and answer no to the closed-period question.","sha256":"39a6cf16cf06b983caca1e9f1b1b23c63ad140fb4c3b7de6bf548fbda7823606","source_id":"2924-03110971-6A1333834","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change of Directors' Interest Notices","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03110971-6A1333834"},"2924-03111235-6A1333946":{"category":"holder_notice","collected_at":"2026-11-02T10:52:12.555049Z","page_count":9,"published_at_utc":"2026-07-15T01:33:00Z","relative_path":"2026/2026-07-15_Change in substantial holding_4a58eb7fee970ef3.pdf","review_note":"All nine pages visually reviewed. Bianca Hope Rinehart as trustee of the Hope Margaret Hancock Trust reports the same 9 July 2026 group change and aggregate 1,053,410,290-share (17.48%) position as the 13 July HPPL Group Form 604 already reviewed. Pages 3\u20139 are the four-page HPPL group-company annexure and the repeated group Form 604; no additional placements are disclosed.","sha256":"7e4c6d65ce95222b3145bbe14b7a6bbf035b695a208694055e31d39e10dfe222","source_id":"2924-03111235-6A1333946","state":"supporting","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Change in substantial holding","triage":{"classification":"relevant","reason":"Trustee filing corroborates the July HPPL Group filing and identifies the overlapping control relationship; its repeated aggregate interest is not added again.","views":["major_holders"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03111235-6A1333946"},"2924-03151682-6A1350677":{"category":"leadership_event","collected_at":"2026-11-02T10:52:12.543907Z","page_count":2,"published_at_utc":"2026-10-22T01:59:51Z","relative_path":"2026/2026-10-22_Appointment of Chair and Company Secretary Change_2c9b621ef682f05c.pdf","review_note":"Both pages reviewed; the issuer identifies Arafura Rare Earths Limited. Ian Murray became Chair effective at the conclusion of the 22 October 2026 AGM; Mark Southey stepped down as Chair and director immediately after the meeting. Murray is disclosed as an existing director since 10 September 2024. The notice also records Cathy Moises taking the Audit Committee chair and company-secretary changes. It contains no transaction or holding details, so no person-level record is added.","sha256":"56c9ec387780bdfa85c7085ce5fa147c5d875edbead4a7fe5e8c96531ecdba78","source_id":"2924-03151682-6A1350677","state":"supporting","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Appointment of Chair and Company Secretary Change","triage":{"classification":"relevant","reason":"The notice corroborates board role and cessation dates used to interpret director-interest notices; it discloses no securities transaction.","views":["directors"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03151682-6A1350677"},"2924-03151800-6A1350722":{"category":"meeting_result","collected_at":"2026-11-02T10:52:12.543566Z","page_count":2,"published_at_utc":"2026-10-22T05:09:32Z","relative_path":"2026/2026-10-22_Results of Meeting_ee3ace8e69682af8.pdf","review_note":"Both pages reviewed. The issuer identity matches Arafura Rare Earths Limited, ABN 22 080 933 455. All seven resolutions at the 22 October 2026 AGM passed, including resolution 7 approving performance rights to Darryl Cuzzubbo. This records approval only; it does not establish the grant's issue date, quantity or completed delivery, so no director event or holding is added from this result.","sha256":"fdc93fa86249a5e6c84393c54d59f1c708bc895069539bd5aa363e88decbcc81","source_id":"2924-03151800-6A1350722","state":"supporting","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Results of Meeting","triage":{"classification":"relevant","reason":"The poll result confirms approval of a proposed performance-right issue to a named director but is not evidence that the securities were granted or issued.","views":["directors"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03151800-6A1350722"},"2924-03153013-6A1351312":{"category":"director_interest","collected_at":"2026-11-02T10:52:12.543278Z","page_count":2,"published_at_utc":"2026-10-26T00:35:16Z","relative_path":"2026/2026-10-26_Final Director's Interest Notice - M Southey_70e158aff5f9e289.pdf","review_note":"Both pages reviewed. The final notice identifies Arafura Rare Earths Limited and ABN 22 080 933 455, states Mark Southey ceased to be a director on 22 October 2026, and reports final interests of 332,140 direct and 970,797 indirect shares through Tervuren. It provides no transaction details explaining the difference from his 14 July post-SPP notice; the disclosed final balances are preserved and no disposal is inferred.","sha256":"736f778296a942059be582daa3bfec708e929b7c997c8674eac99bcc43bd3ce0","source_id":"2924-03153013-6A1351312","state":"reviewed","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Final Director's Interest Notice - M Southey","url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03153013-6A1351312"},"2924-03153876-6A1351718":{"category":"security_event","collected_at":"2026-11-02T10:52:12.542853Z","page_count":4,"published_at_utc":"2026-10-27T06:56:37Z","relative_path":"2026/2026-10-27_Notification of cessation of securities - ARU_9e1d5ef25c96533d.pdf","review_note":"All four pages reviewed. The issuer ABN 22 080 933 455 matches. The Appendix 3H reports 1,027,965 performance rights lapsed on 27 October following a non-KMP employee resignation on 25 September. No individual is named or allocated the rights; no director or holder event or holding is attributed. The automatically generated quoted-capital figure is subject to the form's processing caveat and is not reconciled against the same-day 2A figure.","sha256":"5e2a15fd04875d8ca644c890e75fb8a357aadc8354dcb1babc61f3aef7898f25","source_id":"2924-03153876-6A1351718","state":"supporting","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Notification of cessation of securities - ARU","triage":{"classification":"relevant","reason":"The notice establishes that the lapsed employee rights were not held by KMP, helping classify the issuer-level event without attributing it to an unnamed person.","views":["directors"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03153876-6A1351718"},"2924-03153890-6A1351730":{"category":"security_event","collected_at":"2026-11-02T10:52:12.541232Z","page_count":7,"published_at_utc":"2026-10-27T07:19:47Z","relative_path":"2026/2026-10-27_Application for quotation of securities - ARU_3303ae7f34ffd848.pdf","review_note":"All seven pages reviewed. The issuer ABN 22 080 933 455 matches. The Appendix 2A reports 907,329 ordinary shares quoted on 27 October 2026 after performance-right vesting on 1 July 2026 under the Retention and Capability Plan. It answers No to issue to KMP or associates and does not name recipients. The estimated AUD 0.20 per-security value is not cash consideration. No person-level event or holding is attributed. The automatically generated quoted capital of 6,074,591,294 is retained as issuer context only and is not reconciled against the same-day 3H figure.","sha256":"e8a4e945d08e8a52731f785e79b0b659f156818314ae4be29009afa469dfa22b","source_id":"2924-03153890-6A1351730","state":"supporting","subject_name":"Arafura Rare Earths Limited","subject_ticker":"ARU","title":"Application for quotation of securities - ARU","triage":{"classification":"relevant","reason":"The filing confirms the employee issue was not to KMP or associates and supplies a disclosed quoted-capital context point for holder-threshold review; it names no recipient, so no insider event or position is attributable.","views":["directors","major_holders"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03153890-6A1351730"}},"status":"partial","summary":{},"ticker":"ARU","unresolved_count":1,"view":"directors","view_coverage":{"directors":{"basis":"declared","collection_issues":[],"coverage_start":"2023-11-02","explained_count":0,"material_issue_count":1,"minor_discrepancy_count":0,"newer_pending_count":0,"note":"All 15 in-window substantive director-interest notices have reviewed dispositions, including initial and final notices, SPPs, on-market purchases, placement subscriptions and a performance-rights grant and expiry. The AGM result and 22 October board-role change plus the 27 October non-KMP employee issue/lapse notices were reviewed as relevant context; no additional person-level event or holding is supported. Substantive director notices are reviewed through Mark Southey's cessation on 22 October 2026. The 115,384-share difference between his July post-SPP balance and October final balance remains materially unresolved; no disposal is inferred. Three older 2023 notices are outside this window.","notice_count":14,"pending_notice_count":0,"required_context_count":0,"reviewed_at":"2026-11-02T20:48:43Z","reviewed_notice_count":14,"reviewed_through":"2026-10-22","status":"partial","unclassified_note_count":0},"major_holders":{"basis":"declared","collection_issues":[],"coverage_start":"2023-11-02","explained_count":1,"material_issue_count":9,"minor_discrepancy_count":0,"newer_pending_count":0,"note":"All 17 in-window holder notices are represented: four reviewed substantive notices (the two HPPL Group Forms 604, Morgan Stanley's 22 December 2025 Form 605, and State Street's 2 June 2026 Form 605), four relevant supporting/corroborating notices, and nine unresolved forms. The unresolved set includes six Citigroup forms, Morgan Stanley and MUFG initial-holder trading/lending schedules, and State Street's initial-holder trading schedule. The two reviewed Forms 605 preserve each disclosed movement and its subsidiary account without inferring an aggregate closing position or treating lending, borrowing, collateral or transfers as cash purchases/sales. The 27 October employee share issue was checked as capital context; its automated total and the same-day 3H capital figure are not used to infer a holder position or a denominator bridge.","notice_count":17,"pending_notice_count":0,"required_context_count":0,"reviewed_at":"2026-11-02T20:48:43Z","reviewed_notice_count":8,"reviewed_through":"2026-07-15","status":"partial","unclassified_note_count":0}}}