{
  "schema_version": "1.0.0",
  "ticker": "MLX",
  "company_name": "Metals X Limited",
  "cutoff_date": "2026-10-31",
  "reviewed_at": "2026-10-31",
  "coverage_note": "Dated registered accounts and separately dated group interests can overlap and must not be added.",
  "register": {
    "as_of_date": "2026-03-18",
    "issued_shares": 886391538,
    "source_ids": [
      "annual"
    ],
    "holders": [
      {
        "holder_id": "register-01",
        "name": "CITICORP NOMINEES PTY LIMITED",
        "classification": "nominee_custodian",
        "shares": 147623945,
        "percentage": 16.65,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-02",
        "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED",
        "classification": "nominee_custodian",
        "shares": 145815099,
        "percentage": 16.45,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-03",
        "name": "BNP PARIBAS NOMS PTY LTD",
        "classification": "nominee_custodian",
        "shares": 108969445,
        "percentage": 12.29,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-04",
        "name": "EVERBRIGHT SECURITIES INVESTMENT SERVICES (HK) LTD <CLIENT A/C>",
        "classification": "nominee_custodian",
        "shares": 79636595,
        "percentage": 8.98,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-05",
        "name": "J P MORGAN NOMINEES AUSTRALIA PTY LIMITED",
        "classification": "nominee_custodian",
        "shares": 49896380,
        "percentage": 5.63,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-06",
        "name": "BNP PARIBAS NOMINEES PTY LTD <IB AU NOMS RETAILCLIENT>",
        "classification": "nominee_custodian",
        "shares": 46214836,
        "percentage": 5.21,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-07",
        "name": "JINCHUAN GROUP LTD",
        "classification": "direct_holder",
        "shares": 44000000,
        "percentage": 4.96,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "register-08",
        "name": "FARJOY PTY LTD",
        "classification": "direct_holder",
        "shares": 36621831,
        "percentage": 4.13,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "register-09",
        "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED - A/C 2",
        "classification": "nominee_custodian",
        "shares": 17952446,
        "percentage": 2.03,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-10",
        "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED <GSCO CUSTOMERS A/C>",
        "classification": "nominee_custodian",
        "shares": 11991605,
        "percentage": 1.35,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-11",
        "name": "BNP PARIBAS NOMINEES PTY LTD <CLEARSTREAM>",
        "classification": "nominee_custodian",
        "shares": 8223114,
        "percentage": 0.93,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-12",
        "name": "BNP PARIBAS NOMS PTY LTD <GLOBAL MARKETS>",
        "classification": "nominee_custodian",
        "shares": 8162160,
        "percentage": 0.92,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-13",
        "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED-GSI EDA",
        "classification": "nominee_custodian",
        "shares": 4272801,
        "percentage": 0.48,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-14",
        "name": "MERRILL LYNCH (AUSTRALIA) NOMINEES PTY LIMITED",
        "classification": "nominee_custodian",
        "shares": 4248712,
        "percentage": 0.48,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-15",
        "name": "UBS NOMINEES PTY LTD",
        "classification": "nominee_custodian",
        "shares": 4092321,
        "percentage": 0.46,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-16",
        "name": "HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED-GSCO ECA",
        "classification": "nominee_custodian",
        "shares": 3514188,
        "percentage": 0.4,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-17",
        "name": "MR RAM SHANKER KANGATHARAN",
        "classification": "direct_holder",
        "shares": 3200000,
        "percentage": 0.36,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "register-18",
        "name": "BNP PARIBAS NOMINEES PTY LTD <UOB KH PL>",
        "classification": "nominee_custodian",
        "shares": 3000000,
        "percentage": 0.34,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      },
      {
        "holder_id": "register-19",
        "name": "DEBORTOLI WINES PTY LIMITED",
        "classification": "direct_holder",
        "shares": 2968134,
        "percentage": 0.33,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": []
      },
      {
        "holder_id": "register-20",
        "name": "NEWECONOMY COM AU NOMINEES PTY LIMITED <900 ACCOUNT>",
        "classification": "nominee_custodian",
        "shares": 2749383,
        "percentage": 0.31,
        "percentage_basis": "issued_shares",
        "as_of_date": "2026-03-18",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "annual"
        ],
        "notes": [
          "Registered account; underlying beneficial ownership is not inferred."
        ]
      }
    ]
  },
  "substantial_holders": [
    {
      "holder_id": "vanguard",
      "name": "Vanguard Group",
      "classification": "reporting_group",
      "shares": 46154052,
      "percentage": 5.207,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-05-29",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "vanguard"
      ],
      "notes": [
        "Manager relevant interests can overlap registered accounts."
      ],
      "caveat": "Historical disclosure; current position may differ."
    },
    {
      "holder_id": "boa",
      "name": "Bank of America Corporation and related bodies",
      "classification": "reporting_group",
      "shares": 46825557,
      "percentage": 5.16,
      "percentage_basis": "voting_power",
      "as_of_date": "2023-03-21",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "boa"
      ],
      "notes": [
        "Old notice; current position is not established."
      ],
      "caveat": "Annual report used 5.28% based on a later share count; the original notice reports 5.16%."
    },
    {
      "holder_id": "apac",
      "name": "APAC Resources Limited and related bodies corporate",
      "classification": "reporting_group",
      "shares": 206321221,
      "percentage": 23.01,
      "percentage_basis": "voting_power",
      "as_of_date": "2024-09-18",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "apac"
      ],
      "notes": [
        "Allied Group reports relevant interest in these same shares; the interests are not additive."
      ],
      "caveat": "Historical disclosure; annual report percentage uses later issued-share denominator."
    }
  ],
  "sources": [
    {
      "source_id": "annual",
      "title": "Annual Report 2025",
      "publisher": "Metals X via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03071771-6A1317738",
      "publication_date": "2026-03-25",
      "accessed_date": "2026-10-31",
      "locator": "downloads/MLX/2026/2026-03-25_Annual Report_92dcc4b15d98f256.pdf, PDF pages 78–79",
      "detail": "20 registered accounts at 18 March 2026 and substantial-holder summary."
    },
    {
      "source_id": "vanguard",
      "title": "Vanguard initial substantial holding",
      "publisher": "Vanguard via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03097013-6A1328255",
      "publication_date": "2026-06-04",
      "accessed_date": "2026-10-31",
      "locator": "downloads/MLX/2026/2026-06-04_Becoming a substantial holder_b2d6aa921f567d24.pdf, page 1",
      "detail": "46,154,052 shares and 5.207% voting power on 29 May 2026."
    },
    {
      "source_id": "boa",
      "title": "Bank of America change in substantial holding",
      "publisher": "Bank of America via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02647201-6A1142226",
      "publication_date": "2023-03-24",
      "accessed_date": "2026-10-31",
      "locator": "downloads/MLX/2023/2023-03-24_Change in substantial holding_fd63f54826308489.pdf, page 1",
      "detail": "46,825,557 shares and 5.16% voting power on 21 March 2023."
    },
    {
      "source_id": "apac",
      "title": "APAC Resources change in substantial holding",
      "publisher": "APAC Resources via ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02854962-6A1226286",
      "publication_date": "2024-09-20",
      "accessed_date": "2026-10-31",
      "locator": "downloads/MLX/2024/2024-09-20_Change in substantial holding_6d99da321336a14f.pdf, pages 2 and 5",
      "detail": "206,321,221 shares and 23.01% voting power on 18 September 2024."
    }
  ],
  "limitations": [
    "Nominee accounts do not identify underlying beneficial owners.",
    "Bank of America annual percentage differs from its original notice and uses a later denominator.",
    "Some ASX releases headed from MLX concern Metals X holdings in other issuers and are not MLX ownership notices.",
    "Later trades below disclosure thresholds and capital changes can affect holdings."
  ]
}
