{
  "schema_version": "1.0.0",
  "ticker": "SPD",
  "company_name": "Southern Palladium Limited",
  "cutoff_date": "2026-10-09",
  "reviewed_at": "2026-10-09",
  "coverage_note": "Issuer-reported registered ordinary-shareholder top 20 dated 2025-10-14. Nominee/custody accounts do not reveal beneficial owners.",
  "register": {
    "as_of_date": "2025-10-14",
    "issued_shares": 106950000,
    "source_ids": [
      "spd-annual-register-2025-10-14"
    ],
    "holders": [
      {
        "holder_id": "spd-register-01",
        "name": "Citicorp Nominees Pty Ltd",
        "classification": "nominee_custodian",
        "shares": 18744701,
        "percentage": 17.53,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-02",
        "name": "Nicholas Daniel Resources Propriety",
        "classification": "unknown",
        "shares": 12656992,
        "percentage": 11.83,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-03",
        "name": "Nurinox Investments (Pty) Ltd",
        "classification": "unknown",
        "shares": 8069394,
        "percentage": 7.55,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-04",
        "name": "HSBC Custody Nominees (Australia) Limited",
        "classification": "nominee_custodian",
        "shares": 5808930,
        "percentage": 5.43,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-05",
        "name": "Legacy Platinum Corp",
        "classification": "unknown",
        "shares": 5108194,
        "percentage": 4.78,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-06",
        "name": "Computershare Nominees Southern Palladium Limited EC2",
        "classification": "nominee_custodian",
        "shares": 5049498,
        "percentage": 4.72,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-07",
        "name": "BNP Paribas Noms Pty Ltd",
        "classification": "unknown",
        "shares": 4972321,
        "percentage": 4.65,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-08",
        "name": "Spitzkoppe Trust",
        "classification": "unknown",
        "shares": 3982822,
        "percentage": 3.72,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-09",
        "name": "Equity Trustees Limited <Lowell Resources Fund A/C>",
        "classification": "unknown",
        "shares": 3175584,
        "percentage": 2.97,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-10",
        "name": "Ohio Trust",
        "classification": "unknown",
        "shares": 2084490,
        "percentage": 1.95,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-11",
        "name": "Treasury Services Group <Nero Resources Fund A/C>",
        "classification": "unknown",
        "shares": 2000000,
        "percentage": 1.87,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-12",
        "name": "HSBC Custody Nominees (Australia) Limited-GSI EDA",
        "classification": "nominee_custodian",
        "shares": 1700000,
        "percentage": 1.59,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-13",
        "name": "Clarksons Boathouse Pty Ltd <Clarkson Super Fund A/C>",
        "classification": "unknown",
        "shares": 1603316,
        "percentage": 1.5,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-14",
        "name": "David Grant Leibowitz",
        "classification": "unknown",
        "shares": 1416448,
        "percentage": 1.32,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-15",
        "name": "BNP Paribas Nominees Pty Ltd <IB AU NOMS Retail Client>",
        "classification": "nominee_custodian",
        "shares": 1254965,
        "percentage": 1.17,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-16",
        "name": "Stith Pty Ltd",
        "classification": "unknown",
        "shares": 1133333,
        "percentage": 1.06,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-17",
        "name": "Monterey Consolidated Services Pty Limited <Lorodaca Super Fund A/C>",
        "classification": "unknown",
        "shares": 1127010,
        "percentage": 1.05,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-18",
        "name": "Vusumuzi Paul Mhlungu",
        "classification": "unknown",
        "shares": 1125651,
        "percentage": 1.05,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-19",
        "name": "Quality Life Pty Ltd <Longship Fund A/C>",
        "classification": "unknown",
        "shares": 950000,
        "percentage": 0.89,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      },
      {
        "holder_id": "spd-register-20",
        "name": "Andium Pty Limited",
        "classification": "unknown",
        "shares": 866686,
        "percentage": 0.81,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-10-14",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "spd-annual-register-2025-10-14"
        ],
        "notes": []
      }
    ]
  },
  "substantial_holders": [
    {
      "holder_id": "spd-substantial-01",
      "name": "Robert Napier Keith and Charles Street International Limited",
      "classification": "reporting_group",
      "shares": 22132899,
      "percentage": 16.83,
      "percentage_basis": "voting_power",
      "as_of_date": "2026-05-04",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "spd-robert-keith-form-604-2026-05-14"
      ],
      "notes": [
        "The filing says the percentage is diluted after conversion of 5,938,000 options; the shares are held through disclosed custodian accounts."
      ]
    }
  ],
  "sources": [
    {
      "source_id": "spd-annual-register-2025-10-14",
      "title": "Annual Report to shareholders",
      "publisher": "ASX / Southern Palladium Limited",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03014133-2A1631763",
      "publication_date": "2025-10-27",
      "accessed_date": "2026-10-09",
      "locator": "2025/2025-10-27_Annual Report to shareholders.pdf, PDF page 55; ordinary shareholder information",
      "detail": "Issuer top-20 ordinary-shareholder table as at 2025-10-14."
    },
    {
      "source_id": "spd-robert-keith-form-604-2026-05-14",
      "title": "Change of Interests of Substantial Holder - Robert Keith",
      "publisher": "ASX / Southern Palladium Limited",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03089986-2A1672029",
      "publication_date": "2026-05-14",
      "accessed_date": "2026-10-09",
      "locator": "2026/2026-05-14_Change of Interests of Substantial Holder - Robert Keith_8e40272b5258fa27.pdf, Form 604 sections 1–4",
      "detail": "Robert Keith and Charles Street International report 22,132,899 shares and 16.83% diluted voting power as at 4 May 2026."
    }
  ],
  "limitations": [
    "Dated registered-holder list is not a complete beneficial-ownership register. Later substantial-holder notices were not fully reconciled for this candidate."
  ]
}