Jason Peterson Boosts Voting Power in Avira Resources to 10.79% After Multiple Share Transactions

Avira Resources’ Shareholder Structure and Peterson’s Expanding Stake

Avira Resources Limited, listed on the ASX and headquartered in Perth, Western Australia, is engaged in mineral exploration and development. A substantial holding notice filed on 23 July 2026 reveals Jason Peterson’s growing influence as a major shareholder through a complex network of associated entities.

Previously, on 29 July 2024, Peterson held a 9.2% voting power with 195,000,000 fully paid ordinary shares. The latest disclosure shows his voting power increased to 10.7866%, representing 62,023,000 shares. Although the absolute share count appears reduced, this reflects a consolidation of Avira Resources’ share capital and the transfer of interests among Peterson’s associated entities, resulting in a higher percentage voting power within the restructured capital base.

Consolidation of Holdings Across Multiple Investment Entities

Peterson’s holdings are spread across several investment vehicles including Celtic Finance Corp Pty Ltd, Sunset Capital Management P/L (operating the Sunset Superfund Account), and multiple Celtic Capital entities such as Celtic Capital Pte Ltd (Investment 1 Account) and Celtic Capital Pty Ltd accounts labeled No 2, No 3, No 4, and Hannah E Peterson Account. All entities share the address PO Box Z5467, St Georges Terrace, Perth, WA 6831, illustrating a coordinated investment framework.

Peterson holds direct roles as a director of Celtic Finance Corp Pty Ltd and Celtic Capital entities and serves as trustee for Sunset Capital Management P/L. This multi-entity structure is typical of sophisticated investors managing substantial holdings with distinct investment mandates. The breakdown of voting shares includes 10,000,000 votes held by Celtic Finance Corp Pty Ltd, 40,200,000 votes by Sunset Capital Management P/L, 8,073,000 votes by Celtic Capital Pte Ltd, and approximately 3,750,000 votes across the three Celtic Capital Pty Ltd accounts, totaling 62,023,000 votes.

Nine Months of Transactions Fuel Voting Power Growth

Between October 2025 and June 2026, Peterson’s relevant interests changed through various transactions. On 22 October 2025, Sunset Capital Management purchased 2,000,000 shares on-market for $29,000. On 27 October 2025, it acquired 3,036,000 shares via Placement Tranche 1 for $30,360. These initial steps set the stage for larger acquisitions.

Investment activity intensified with a major acquisition on 3 December 2025, when Sunset Capital Management bought 18,964,000 shares through Placement Tranche 2 for $189,640. Celtic Capital entities also participated in placements, with Celtic Capital Pte Ltd acquiring 3,686,496 shares in Placement Tranche 2 (20 May 2025, $25,805.47) and 3,686,504 shares in Placement Tranche 1 (4 April 2025, $25,805.53). Celtic Capital Pty Ltd accounts similarly acquired shares during October 2025 and May 2025 placements.

February 2025 Consolidation Reshapes Peterson’s Shareholdings

On 18 February 2025, a significant consolidation event reduced the total shares held by Peterson’s entities. Celtic Capital Pte Ltd’s holdings decreased by 13,300,000 shares, while each of the three Celtic Capital Pty Ltd accounts saw reductions of approximately 4,275,000 shares. This corporate restructuring reorganized Avira Resources’ share capital, enabling Peterson and his affiliates to maintain or increase their proportional ownership despite fewer total shares.

The consolidation streamlined the share register without materially altering economic interests. Such actions are common in junior mining companies to manage register size, improve liquidity, or meet governance objectives. Post-consolidation, Peterson’s entities held a larger percentage of the reduced capital, contributing to his voting power rise from 9.2% to 10.7866%.

Performance Rights Conversion and June 2026 Off-Market Transfers Finalize Recent Transactions

On 10 June 2026, Celtic Finance Corp Pty Ltd converted 10,000,000 performance rights into fully paid ordinary shares, increasing voting power without monetary exchange. Performance rights convert upon meeting specified conditions, indicating Celtic Finance Corp Pty Ltd fulfilled relevant vesting criteria with Avira Resources.

In June 2026, off-market transfers between Peterson’s entities further reorganized holdings. On 18 June 2026, Sunset Capital Management P/L acquired 675,000 shares off-market for $6,075, while Celtic Capital Pty Ltd Hannah E Peterson Account reduced its holding by the same amount and value. These internal transfers likely simplify the shareholding structure while preserving overall voting power.

April and May 2026 Off-Market Transfers Adjust Subsidiary Holdings

Additional off-market transfers in April and May 2026 redistributed shares among Peterson’s entities. On 29 April 2026, Sunset Capital Management P/L acquired 5,000,000 shares off-market for $45,000, with Celtic Finance Corp Pty Ltd disposing of the same number and value of shares simultaneously. These reallocations reflect strategic adjustments within Peterson’s investment vehicles rather than changes in total voting power.

The coordinated nature of these transfers suggests deliberate restructuring of Peterson’s investment architecture rather than independent market transactions.

Context of Avira Resources’ Capital Restructuring and Placement Programme

The placements by Peterson’s entities from October 2025 to May 2026 indicate a capital raising or equity restructuring initiative by Avira Resources. Placement Tranche 1 and Tranche 2 activities, combined with off-market transfers and the December 2025 Prowse Acquisition by Celtic Finance Corp Pty Ltd, demonstrate active capital management. The company has not disclosed total capital raised or specific use of proceeds in the substantial holder notice.

Peterson’s increased investment through on-market purchases, placements, and performance rights conversion signals confidence in Avira Resources’ strategy. Investors may monitor whether this enhanced stake leads to board representation or greater influence over corporate decisions. Surpassing 10% voting power often confers significant influence in junior resources firms, potentially enabling board nominations or strategic consultation depending on company governance.

Disclosure Requirements Under Corporations Act and Market Transparency

Jason Peterson’s disclosure complies with Section 671B of the Corporations Act 2001, which requires notification when a person’s relevant interest in voting shares reaches or exceeds 5%. His increase from 9.2% to 10.7866% voting power triggered this obligation, with the notice dated 23 July 2026 and presumably lodged with the ASX accordingly.

The detailed Form 604 notice enhances market transparency by outlining transaction types, consideration amounts, securities affected, and current ownership across Peterson’s associated entities. Such disclosure supports market integrity by informing shareholders of significant ownership changes in Avira Resources.

Investor Considerations Following Peterson’s Increased Stake

Shareholders should watch for potential developments including possible board appointments or observer rights for Peterson or his nominees, as crossing the 10% voting power threshold often prompts such actions. Monitoring announcements on capital use from placements and strategic direction influenced by Peterson’s stake is also advisable.

Investors should observe whether Peterson’s increased ownership affects Avira Resources’ acquisition or exploration plans, particularly in relation to the December 2025 Prowse Acquisition. Further capital raising or restructuring announcements may arise, with Peterson’s position likely impacting outcomes. Finally, tracking whether Peterson’s entities maintain or dispose of shares will provide insight into his long-term commitment or changing confidence in the company’s prospects.