{
  "schema_version": "1.0.0",
  "ticker": "TLG",
  "company_name": "Talga Group Ltd",
  "cutoff_date": "2026-10-09",
  "reviewed_at": "2026-10-09",
  "coverage_note": "Complete company-disclosed top 20 registered ordinary share accounts, measured 19 September 2025. The register predates subsequent capital raisings and is not a current account-by-account register. The latest located substantial-holder filing is UBS Group AG and related bodies corporate, measured 29 May 2025.",
  "register": {
    "as_of_date": "2025-09-19",
    "issued_shares": 455911352,
    "source_ids": [
      "tlg-annual-2025"
    ],
    "holders": [
      {
        "holder_id": "citicorp-nominees",
        "name": "Citicorp Nominees Pty Limited",
        "classification": "nominee_custodian",
        "shares": 32399153,
        "percentage": 7.11,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 1 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "bnp-paribas-noms",
        "name": "BNP Paribas Noms Pty Ltd",
        "classification": "nominee_custodian",
        "shares": 24457816,
        "percentage": 5.36,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 2 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "jpmorgan-nominees",
        "name": "JP Morgan Nominees Australia Pty Limited",
        "classification": "nominee_custodian",
        "shares": 24020621,
        "percentage": 5.27,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 3 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "warbont-nominees",
        "name": "Warbont Nominees Pty Ltd",
        "classification": "nominee_custodian",
        "shares": 13475335,
        "percentage": 2.96,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 4 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "lateral-minerals-thompson-family",
        "name": "Lateral Minerals Pty Ltd <Thompson Family A/C>",
        "classification": "direct_holder",
        "shares": 13038036,
        "percentage": 2.86,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 5 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025. The report gives 13,038,036 shares and 1.61%; 2.86% is recalculated from the reported 455,911,352 ordinary shares on issue."
        ],
        "caveat": "The report prints 1.61%, which is inconsistent with its share count and the stated issued-share denominator; the displayed 2.86% is calculated as shares divided by issued shares."
      },
      {
        "holder_id": "bnp-clearstream",
        "name": "BNP Paribas Nominees Pty Ltd ACF Clearstream",
        "classification": "nominee_custodian",
        "shares": 12228060,
        "percentage": 2.68,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 6 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025. The report prints 2.66%; 2.68% is recalculated from shares and the stated total ordinary shares on issue."
        ],
        "caveat": "The report prints 2.66%, which is inconsistent with 12,228,060 shares and 455,911,352 issued shares; the displayed percentage is calculated from those figures."
      },
      {
        "holder_id": "hsbc-custody",
        "name": "HSBC Custody Nominees (Australia) Limited",
        "classification": "nominee_custodian",
        "shares": 11040775,
        "percentage": 2.42,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 7 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "hsbc-custody-account-2",
        "name": "HSBC Custody Nominees (Australia) Limited – A/C 2",
        "classification": "nominee_custodian",
        "shares": 8985626,
        "percentage": 1.97,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 8 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "lak-holdings",
        "name": "LAK Holdings Pty Ltd",
        "classification": "direct_holder",
        "shares": 8100000,
        "percentage": 1.78,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 9 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "yandal-investments",
        "name": "Yandal Investments Pty Ltd",
        "classification": "direct_holder",
        "shares": 5500000,
        "percentage": 1.21,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 10 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "bnp-ib-au-drp",
        "name": "BNP Paribas Nominees Pty Ltd <IB AU Noms Retail Client DRP>",
        "classification": "nominee_custodian",
        "shares": 5268749,
        "percentage": 1.16,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 11 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "anthony-holman",
        "name": "Mr Anthony Neil Holman <The Holman Super Fund A/C>",
        "classification": "direct_holder",
        "shares": 4088948,
        "percentage": 0.9,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 12 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "bnp-barclays",
        "name": "BNP Paribas Nominees Pty Ltd <Barclays>",
        "classification": "nominee_custodian",
        "shares": 3811886,
        "percentage": 0.84,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 13 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "two-tops",
        "name": "Two Tops Pty Ltd",
        "classification": "direct_holder",
        "shares": 2870042,
        "percentage": 0.63,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 14 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "methuselah-capital-management",
        "name": "Methuselah Capital Management Pty Ltd <Feldman Family A/C>",
        "classification": "direct_holder",
        "shares": 2412000,
        "percentage": 0.53,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 15 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "nigel-austin",
        "name": "Mr Nigel Robert Austin",
        "classification": "direct_holder",
        "shares": 2200000,
        "percentage": 0.48,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 16 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "woomargama-fund",
        "name": "Woomargama Fund Pty Ltd",
        "classification": "direct_holder",
        "shares": 2200000,
        "percentage": 0.48,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 17 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "pamela-austin",
        "name": "Mrs Pamela Gladys Austin",
        "classification": "direct_holder",
        "shares": 2072000,
        "percentage": 0.45,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 18 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "john-fitz-henry",
        "name": "Mr John Oliver Dougan Fitz-Henry",
        "classification": "direct_holder",
        "shares": 2046000,
        "percentage": 0.45,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 19 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      },
      {
        "holder_id": "estate-kevin-danks",
        "name": "EST Mr Kevin Graham Danks",
        "classification": "direct_holder",
        "shares": 1825000,
        "percentage": 0.4,
        "percentage_basis": "issued_shares",
        "as_of_date": "2025-09-19",
        "investor_id": null,
        "identity_note": null,
        "source_ids": [
          "tlg-annual-2025"
        ],
        "notes": [
          "Rank 20 in the company-reported 20 largest ordinary fully paid shareholders as at 19 September 2025."
        ]
      }
    ]
  },
  "substantial_holders": [
    {
      "holder_id": "ubs-group-ag",
      "name": "UBS Group AG and its related bodies corporate",
      "classification": "reporting_group",
      "shares": 32805512,
      "percentage": 7.22,
      "percentage_basis": "voting_power",
      "as_of_date": "2025-05-29",
      "investor_id": null,
      "identity_note": null,
      "source_ids": [
        "tlg-ubs-604"
      ],
      "notes": [
        "Form 604 reports 32,805,512 ordinary-share votes and 7.22% voting power as at 29 May 2025. The notice includes UBS Securities Australia Ltd as beneficial owner of 12,585,512 shares and UBS London/Switzerland interests; group holdings are not additive to registered nominee accounts.",
        "No later TLG substantial-holder notice was found in the local ASX filing manifest through 1 October 2026. Subsequent capital issuance means 7.22% is historical."
      ]
    }
  ],
  "sources": [
    {
      "source_id": "tlg-annual-2025",
      "title": "Talga Group Ltd Annual Report 2025",
      "publisher": "Talga Group Ltd / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03008388-6A1290368",
      "publication_date": "2025-10-15",
      "accessed_date": "2026-10-09",
      "locator": "Local file downloads/TLG/2025/2025-10-15_Talga Group Ltd Annual Report 2025.pdf, PDF pp. 60–61; Additional shareholder information and 20 largest shareholders table.",
      "detail": "States 455,911,352 quoted ordinary shares as at 19 September 2025 and provides the complete top-20 list; the Lateral Minerals percentage is internally inconsistent with the stated shares and denominator."
    },
    {
      "source_id": "tlg-ubs-604",
      "title": "Change in substantial holding",
      "publisher": "UBS Group AG / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02952812-6A1267003",
      "publication_date": "2025-06-02",
      "accessed_date": "2026-10-09",
      "locator": "Local file downloads/TLG/2025/2025-06-02_Change in substantial holding_4e9ba2cab1e36d12.pdf, Form 604 pp. 1–2; sections 1–4 and Appendix B.",
      "detail": "Reports UBS Group AG and related bodies corporate at 32,805,512 votes and 7.22% voting power following a change on 29 May 2025."
    },
    {
      "source_id": "tlg-capital-raise-2025",
      "title": "Talga Group Successfully Raises A$14.5 million",
      "publisher": "Talga Group Ltd / ASX",
      "url": "https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03035596-6A1302539",
      "publication_date": "2025-12-10",
      "accessed_date": "2026-10-09",
      "locator": "Local file downloads/TLG/2025/2025-12-10_Talga Group Successfully Raises A$14.5 million_5774ef7a3ed7e3da.pdf, release pp. 1–2.",
      "detail": "Announces a placement of approximately 35.4 million new shares and a separate share purchase plan after the shareholder-register measurement date."
    }
  ],
  "limitations": [
    "No top-20 registered-account list later than 19 September 2025 was located; the December 2025 placement/SPP and later capital activity mean the register should be treated as a historical snapshot.",
    "UBS Group AG’s 7.22% voting-power disclosure is dated 29 May 2025; no later TLG substantial-holder filing was located in the local manifest through 1 October 2026, and later issued capital dilutes that historical percentage."
  ]
}