{
  "schema_version": "1.0.0",
  "ticker": "BML",
  "company_name": "Black Mountain Energy 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 2025-09-15; it is a list of registered accounts. The report states the top twenty held 35.91% of the ordinary share capital. A December 2025 cessation notice was located for a substantial holder but not associated to the report’s named Villiers holder.",
  "register": {
    "as_of_date": "2025-09-15",
    "issued_shares": 279228439,
    "source_ids": [
      "bml-annual-2025"
    ],
    "holders": [
      {
        "holder_id": "bml-register-01",
        "name": "Villiers Queensland PL",
        "classification": "direct_holder",
        "shares": 15842586,
        "percentage": 5.67,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-02",
        "name": "Citicorp Nominees Pty Limited",
        "classification": "nominee_custodian",
        "shares": 13514931,
        "percentage": 4.84,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-03",
        "name": "BNP Paribas Nominees Pty Ltd <IB Au Noms Retailclient>",
        "classification": "nominee_custodian",
        "shares": 11157949,
        "percentage": 4.0,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-04",
        "name": "Zero Nominees Pty Ltd",
        "classification": "nominee_custodian",
        "shares": 9599769,
        "percentage": 3.44,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-05",
        "name": "Sandfire Resources Ltd",
        "classification": "direct_holder",
        "shares": 8333333,
        "percentage": 2.98,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-06",
        "name": "Mr Brent David Connolly",
        "classification": "direct_holder",
        "shares": 4680716,
        "percentage": 1.68,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-07",
        "name": "BNP Paribas Noms Pty Ltd",
        "classification": "direct_holder",
        "shares": 4615241,
        "percentage": 1.65,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-08",
        "name": "Mr Peter Fitzgerald + Ms Helen Fitzgerald + Mr Albert Alloo <Tawny Tussock A/C>",
        "classification": "direct_holder",
        "shares": 4388195,
        "percentage": 1.57,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-09",
        "name": "Acuity Capital Investment Management Pty Ltd <Acuity Capital Holdings A/C>",
        "classification": "direct_holder",
        "shares": 3520000,
        "percentage": 1.26,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-10",
        "name": "Simon Noon",
        "classification": "direct_holder",
        "shares": 2933787,
        "percentage": 1.05,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-11",
        "name": "Sojourn Services Pty Ltd <Sojourn A/C> (rank 11)",
        "classification": "direct_holder",
        "shares": 2800000,
        "percentage": 1.0,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-12",
        "name": "Surpion Pty Ltd <M W Suhr & Co A/C>",
        "classification": "direct_holder",
        "shares": 2769643,
        "percentage": 0.99,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-13",
        "name": "Mr Warwick Dyson",
        "classification": "direct_holder",
        "shares": 2300000,
        "percentage": 0.82,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-14",
        "name": "Mr Graham Charles Powell",
        "classification": "direct_holder",
        "shares": 2250000,
        "percentage": 0.81,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-15",
        "name": "Sojourn Services Pty Ltd <Sojourn A/C> (rank 15)",
        "classification": "direct_holder",
        "shares": 2209822,
        "percentage": 0.79,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-16",
        "name": "UBS Nominees Pty Ltd",
        "classification": "nominee_custodian",
        "shares": 2032404,
        "percentage": 0.73,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-17",
        "name": "Mr Noel Francis Dimech & Mrs Merilyn Joan Dimech <NF&MJ Dimech Superfund A/C>",
        "classification": "direct_holder",
        "shares": 2002000,
        "percentage": 0.72,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-18",
        "name": "Warbont Nominees Pty Ltd <Unpaid Entrepot A/C>",
        "classification": "nominee_custodian",
        "shares": 1996173,
        "percentage": 0.71,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-19",
        "name": "Ladakh Pty Ltd",
        "classification": "direct_holder",
        "shares": 1773182,
        "percentage": 0.64,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      },
      {
        "holder_id": "bml-register-20",
        "name": "Scintilla Strategic Investments Limited",
        "classification": "direct_holder",
        "shares": 1562500,
        "percentage": 0.56,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-15",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "bml-annual-2025"
        ],
        "notes": []
      }
    ]
  },
  "substantial_holders": [
    {
      "holder_id": "bml-substantial-1",
      "name": "Villiers Queensland PL",
      "classification": "reporting_group",
      "shares": 15842586,
      "percentage": 5.67,
      "percentage_basis": "voting_power",
      "as_of_date": "2025-09-15",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "bml-annual-2025"
      ],
      "notes": [
        "Listed as a substantial shareholder in the report’s 15 September 2025 extract."
      ]
    }
  ],
  "sources": [
    {
      "source_id": "bml-annual-2025",
      "title": "2025 Annual Report",
      "publisher": "Black Mountain Energy Limited / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02996602-6A1285170",
      "publication_date": "2025-09-22",
      "accessed_date": "2026-10-09",
      "locator": "downloads/BML/2025/2025-09-22_2025 Annual Report.pdf; PDF pages 64-66, Shareholder Information as at 15 September 2025; page 65 Substantial Shareholders; page 66 top twenty",
      "detail": "Reports 279,228,439 shares on issue, top 20 accounts and a dated substantial-holder extract."
    }
  ],
  "limitations": [
    "The latest available top-20 register is dated 15 September 2025. Later ceasing-holder notice(s) are not incorporated because the available filing text did not establish whether the report’s Villiers entry was affected.",
    "The table marks Villiers and Simon Noon as merged holders. Sojourn appears twice in the issuer list and the two ranks are preserved separately. Nominee accounts do not identify beneficial owners."
  ]
}
