Freehill Mining Director Benjamin Jarvis Boosts Indirect Shareholding via On-Market Purchase on July 21, 2026

Benjamin Jarvis Increases Indirect Shareholding in Freehill Mining

Freehill Mining Limited (ABN 27 091 608 025) filed a notice with the ASX revealing a change in director Benjamin Jarvis's relevant interests in securities. The transaction, completed on 21 July 2026, involved an acquisition rather than a disposal, reflecting Jarvis's increased participation in the company’s equity. This update follows a prior notice dated 17 June 2026 and adheres to ongoing disclosure obligations for directors and substantial shareholders under Australian corporate regulations.

The acquisition was conducted as an on-market trade, meaning shares were purchased through the open market at prevailing prices on the ASX rather than via direct issuance or off-market arrangements. Such transactions are common for directors aiming to augment their shareholding in their company.

Details of the 1.3 Million Share Acquisition and Ownership Structure

Benjamin Jarvis acquired 1,333,333 ordinary shares indirectly through his interests in Six Degrees Group Holding Ltd and Cove Street Pty Ltd (operating as The Cove Street Account). Prior to this purchase, Jarvis directly held 1,599,999 ordinary shares and 75,000 unlisted options, while his indirect holdings included 141,641,816 ordinary shares, 30,125,000 unlisted options, and 16,666,667 listed options. Following the transaction, his indirect ordinary shareholding increased to 142,975,149 shares, reflecting the addition of 1,333,333 shares.

There was no change to Jarvis's direct shareholding or options holdings. His direct ordinary shares and unlisted options remained at 1,599,999 and 75,000 respectively, and his indirect unlisted and listed options holdings stayed constant. This indicates that the increase in shareholding was solely via indirect acquisition through corporate entities rather than direct personal purchases, an important distinction under corporations law regarding ownership layers.

Transaction Value and Pricing Analysis

The total consideration paid for the 1,333,333 shares was $2,677.67, implying an approximate price of 0.002 cents per share. This unusually low valuation suggests potential undervaluation in the disclosure, a possible reporting error, or acquisition at significantly depressed prices. Investors are advised to cross-check this transaction against Freehill Mining’s historical share price data around 21 July 2026 to verify pricing accuracy.

This low stated consideration is notably below typical market prices for an on-market purchase of this volume. The announcement does not clarify whether this figure reflects actual market value or other pricing arrangements. Investors should seek further information from the company or financial advisors regarding this discrepancy.

Corporate Governance and Director Role at Freehill Mining

As an ASX-listed company, Freehill Mining Limited maintains strict governance and disclosure standards. Directors like Benjamin Jarvis must comply with trading restrictions, including closed periods and pre-trade clearances where applicable. The filing notes that the transaction was not subject to closed period restrictions, with relevant disclosure form fields marked N/A, indicating the purchase date fell outside any restricted trading windows.

Mandatory Director Interest Disclosure Under ASX Rules

The change in Jarvis's shareholding was disclosed pursuant to ASX Listing Rule 3.19A.2, which mandates timely notification of director securities interest changes. This rule supports the ASX’s continuous disclosure framework to ensure investors have transparent access to insider trading information. The notice includes detailed shareholding figures before and after the transaction, transaction date, and consideration, enabling market participants to monitor insider equity movements.

Options Holdings Remain Unchanged

While Jarvis’s ordinary shareholding increased, his options holdings remained steady. His direct unlisted options stayed at 75,000, and indirect unlisted and listed options held at 30,125,000 and 16,666,667 respectively. These options represent potential future shares upon exercise but were unaffected by the recent share purchase.

This dual holding of ordinary shares and options reflects a layered equity interest strategy, combining immediate ownership with contingent future rights. Details on the terms and expiry of these options are not included in the disclosure but may be found in other Freehill Mining filings or original option agreements.

No Changes to Contractual Interests

The disclosure confirms no changes occurred to Jarvis’s contractual interests as a result of the July 2026 transaction. The acquisition was limited to ordinary shares and did not involve modifications to contracts or other indirect interests. This distinction is important as contractual interests can confer additional rights beyond share ownership.

Timely Disclosure and Regulatory Compliance

Freehill Mining complied with ASX listing rules by promptly filing the change of director’s interest notice following the 21 July 2026 transaction. The prior disclosure dated 17 June 2026 indicates no changes in Jarvis’s holdings until this recent acquisition. Such transparency supports good corporate governance and investor confidence in insider trading disclosures.

Investor Implications and Market Impact

Jarvis’s acquisition of 1,333,333 shares may signal director confidence in Freehill Mining’s outlook, although the announcement does not explicitly state his motivations. Given his already substantial indirect shareholding exceeding 140 million shares, this purchase represents a modest incremental increase.

The announcement does not provide information on share price movements or trading volumes on the transaction date. Investors should review Freehill Mining’s historical share price and market activity around 21 July 2026 to assess any correlation with this insider purchase, considering broader market and sector factors that could influence share performance.