{
  "schema_version": "1.0.0",
  "ticker": "ASL",
  "company_name": "Andean Silver Limited",
  "cutoff_date": "2026-10-09",
  "reviewed_at": "2026-10-09",
  "coverage_note": "The register is the latest located top-20 ordinary-share list, dated 2026-03-13; it is a list of registered accounts. The report identifies four substantial holders from notices and distinct registered accounts; no inference links Sprott Inc to Eric Sprott.",
  "register": {
    "as_of_date": "2026-03-13",
    "issued_shares": null,
    "source_ids": [
      "asl-annual-2026"
    ],
    "holders": [
      {
        "holder_id": "asl-register-01",
        "name": "HSBC Custody Nominees (Australia) Limited",
        "classification": "nominee_custodian",
        "shares": 51846969,
        "percentage": 24.41,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-02",
        "name": "Citicorp Nominees Pty Limited",
        "classification": "nominee_custodian",
        "shares": 30685928,
        "percentage": 16.78,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-03",
        "name": "J P Morgan Nominees Australia Pty Limited",
        "classification": "nominee_custodian",
        "shares": 17084051,
        "percentage": 7.99,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-04",
        "name": "BNP Paribas Noms Pty Ltd",
        "classification": "direct_holder",
        "shares": 15213451,
        "percentage": 7.23,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-05",
        "name": "HSBC Custody Nominees (Australia) Limited <GSCO Customers A/C>",
        "classification": "nominee_custodian",
        "shares": 8024048,
        "percentage": 3.83,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-06",
        "name": "BNP Paribas Nominees Pty Ltd <IB Au Noms Retailclient>",
        "classification": "nominee_custodian",
        "shares": 7452641,
        "percentage": 3.44,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-07",
        "name": "Symorgh Investments Pty Ltd <Symorgh A/C> (rank 7)",
        "classification": "direct_holder",
        "shares": 7245451,
        "percentage": 3.41,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-08",
        "name": "Gold Leaf Corporate Pty Ltd <Gold Leaf Corporate A/C>",
        "classification": "direct_holder",
        "shares": 3516216,
        "percentage": 1.65,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-09",
        "name": "Spring Street Holdings Pty Ltd",
        "classification": "direct_holder",
        "shares": 2503359,
        "percentage": 1.18,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-10",
        "name": "HSBC Custody Nominees (Australia) Limited - A/C 2",
        "classification": "nominee_custodian",
        "shares": 2380230,
        "percentage": 0.97,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-11",
        "name": "Ateq Investments Pty Ltd",
        "classification": "direct_holder",
        "shares": 1931048,
        "percentage": 0.91,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-12",
        "name": "Symorgh Super Pty Ltd <Symorgh Super Fund A/C>",
        "classification": "direct_holder",
        "shares": 1892857,
        "percentage": 0.89,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-13",
        "name": "Symorgh Investments Pty Ltd <Symorgh A/C> (rank 13)",
        "classification": "direct_holder",
        "shares": 1805301,
        "percentage": 0.85,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-14",
        "name": "BNP Paribas Nominees Pty Ltd <Clearstream>",
        "classification": "nominee_custodian",
        "shares": 1500942,
        "percentage": 0.72,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-15",
        "name": "Mr Anthony Roberts",
        "classification": "direct_holder",
        "shares": 1332672,
        "percentage": 0.63,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-16",
        "name": "Mr Phillip Richard Perry",
        "classification": "direct_holder",
        "shares": 1278108,
        "percentage": 0.6,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-17",
        "name": "Mr Phillip Richard Perry + Mrs Tetyana Perry <Doneska Super Fund A/C>",
        "classification": "direct_holder",
        "shares": 1040834,
        "percentage": 0.49,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-18",
        "name": "Bengal McCarthy Pty Ltd <McCarthy Super Fund A/C>",
        "classification": "direct_holder",
        "shares": 906216,
        "percentage": 0.43,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-19",
        "name": "Neweconomy Com Au Nominees Pty Limited <900 Account>",
        "classification": "nominee_custodian",
        "shares": 895785,
        "percentage": 0.42,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      },
      {
        "holder_id": "asl-register-20",
        "name": "Symorgh Investments Pty Ltd <Symorgh A/C> (rank 20)",
        "classification": "direct_holder",
        "shares": 794849,
        "percentage": 0.37,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-13",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "asl-annual-2026"
        ],
        "notes": []
      }
    ]
  },
  "substantial_holders": [
    {
      "holder_id": "asl-substantial-1",
      "name": "The Bank of Nova Scotia",
      "classification": "reporting_group",
      "shares": 16480000,
      "percentage": 7.75,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-03-13",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "asl-annual-2026"
      ],
      "notes": [
        "Issuer substantial-holder table."
      ]
    },
    {
      "holder_id": "asl-substantial-2",
      "name": "Equinox Partners Investment Management LLC",
      "classification": "reporting_group",
      "shares": 13442456,
      "percentage": 6.32,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-03-13",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "asl-annual-2026"
      ],
      "notes": [
        "Issuer substantial-holder table."
      ]
    },
    {
      "holder_id": "asl-substantial-3",
      "name": "Sprott Inc",
      "classification": "reporting_group",
      "shares": 12159809,
      "percentage": 5.72,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-03-13",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "asl-annual-2026"
      ],
      "notes": [
        "Issuer substantial-holder table; this is the corporate Sprott entity and is not linked to Eric Sprott."
      ]
    },
    {
      "holder_id": "asl-substantial-4",
      "name": "Stephen Parsons",
      "classification": "reporting_group",
      "shares": 11738504,
      "percentage": 5.52,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-03-13",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "asl-annual-2026"
      ],
      "notes": [
        "Issuer substantial-holder table."
      ]
    }
  ],
  "sources": [
    {
      "source_id": "asl-annual-2026",
      "title": "Annual Report to shareholders",
      "publisher": "Andean Silver Limited / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03071647-6A1317692",
      "publication_date": "2026-03-24",
      "accessed_date": "2026-10-09",
      "locator": "downloads/ASL/2026/2026-03-24_Annual Report to shareholders.pdf; PDF pages 118-119, ASX Additional Shareholder Information as at 13 March 2026 / Twenty largest and Substantial Shareholders",
      "detail": "Lists 20 registered ordinary accounts and the reported substantial holders as at 13 March 2026."
    }
  ],
  "limitations": [
    "Three Symorgh Investments entries appear separately; rank labels preserve the issuer’s rows. Nominees and custody accounts may represent beneficial owners not named in the report.",
    "The annual report states 212,667,063 total ordinary shares in its spread table, but several top-20 percentages do not reconcile to that denominator. Issuer percentages are retained; register denominator is null pending clarification."
  ]
}
