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Xpedra Resources Limited (ASX:XPD) has reported a material change in the substantial shareholding interests of Jason Peterson and his associated entities. The Form 604 notice lodged on 21 July 2026 details a series of on-market trades and placement activities occurring between February and June 2026. As of 12 June 2026, Peterson’s voting power in the Perth-based resource company stands at 5.9016%, down from 7.0255% reported on 30 October 2025, reflecting a notable update in the substantial holder register.
Key Highlights
- Xpedra Resources Limited (XPD) disclosed changes in Jason Peterson’s substantial shareholding via Form 604 lodged 21 July 2026
- Peterson’s voting power declined to 5.9016% as of 12 June 2026 from 7.0255% on 30 October 2025
- Changes stemmed from multiple on-market transactions and share placements across five associated entities between February and June 2026
- Investors should monitor forthcoming substantial holder disclosures for updates on Peterson’s interests and associated entity activities
Jason Peterson’s Holdings Distributed Across Five Associated Entities
Peterson’s relevant interest in Xpedra Resources is held through five associated entities, each owning ordinary fully paid shares. Celtic Finance Corp Pty Ltd holds the largest stake with 17,857,138 shares, followed by Sunset Capital Management P/L (Sunset Superfund A/C) with 14,260,264 shares. The remaining shares are held by Celtic Capital Pte Ltd (Investment 1 A/C), Celtic Capital Pty Ltd (Celtic Capital No 2 A/C), and Fat Hog Pty Ltd. All five entities share a registered address at C/- PO Box Z5467, St Georges Tce, Perth WA 6831.
Peterson holds formal roles as director or trustee across most entities: director of Celtic Finance Corp Pty Ltd, Celtic Capital Pte Ltd, Celtic Capital Pty Ltd, and Fat Hog Pty Ltd, and trustee of Sunset Capital Management P/L. This multi-entity structure is typical for substantial holders managing diverse investment mandates or segregating investment activities.
December 2025 and June 2026 Placements Contributed to Share Accumulation
Two major placement rounds expanded Peterson’s holdings via his entities. On 1 December 2025, Celtic Finance Corp Pty Ltd acquired 6,070,870 shares for $84,992.18 in a Tranche 2 placement, while Celtic Capital Pty Ltd purchased 2,132,089 shares for $29,849.25 in the same round. These represented the largest acquisitions during the six-month period.
In 2026, Sunset Capital Management P/L acquired 625,920 shares on 30 April for $12,518.40 (Tranche 1 placement) and 374,080 shares on 12 June for $7,481.60 (Tranche 2 placement). The company did not disclose total placement values or whether these placements involved other investors beyond Peterson’s entities.
On-Market Transactions Reflect Active Portfolio Management in Early 2026
Between February and March 2026, Peterson’s entities conducted three on-market purchases. Celtic Capital Pte Ltd bought 2,400,000 shares on 10 February for $61,483.20—the largest volume transaction—followed by 5,088 shares on 11 February for $127.20 and 494,912 shares on 19 February for $12,372.80.
Conversely, two entities sold shares on-market: Sunset Capital Management P/L sold 233,169 shares on 17 March for $6,295.56, and Cityscape Asset Pty Ltd (Cityscape Family A/C) sold 1,562,500 shares on 5 June for $32,812.50. Details on share prices or reasons for sales were not disclosed.
Voting Power Decline Due to Company Share Issuances
Despite Peterson’s absolute shares rising from 33,746,274 to 44,053,564 between 31 October 2025 and 12 June 2026, his voting power decreased from 7.0255% to 5.9016%. This indicates that Xpedra Resources issued additional shares beyond Peterson’s acquisitions, diluting his percentage holding. Placement rounds involving Peterson’s entities and likely other investors contributed to this dilution.
This pattern is common among ASX-listed resource companies raising capital through equity offerings. Without total shares on issue disclosed at each date, precise capital raise amounts or comparative investment levels cannot be determined. Nonetheless, the data confirms Xpedra’s active equity financing during the first half of 2026.
Overview of Xpedra Resources’ Operations and Capital Needs
Xpedra Resources Limited (ACN 076 390 451) is an ASX-listed exploration and development company focused on mineral resource projects. The placement activities disclosed align with the typical funding approach for junior and mid-tier explorers requiring equity capital to support exploration, asset development, and working capital needs amid commodity cycles.
The company’s update did not specify operational details, project locations, or commodity focuses. However, Peterson’s ongoing investments through multiple entities suggest confidence in Xpedra’s strategic direction. The timing of placements and on-market purchases may correlate with company announcements or corporate developments, though these were not detailed in the notice.
Perth-Based Entities Reflect Western Australian Resource Sector Focus
All Peterson-associated entities have registered addresses in Perth, WA, consistent with the region’s status as the hub for Australia’s resource sector. Perth hosts headquarters for companies operating in mineral-rich areas such as the Pilbara and Goldfields. The concentration of Peterson’s holdings in Perth-based entities aligns with common shareholder and board location patterns in the sector.
This geographic proximity likely facilitates Peterson’s active engagement with company management and participation in governance through shareholder meetings and board interactions.
Substantial Holder Status and Regulatory Disclosure Requirements
Peterson’s declaration as a substantial holder follows crossing the five percent voting power threshold under section 671B of the Corporations Act 2001. This triggers mandatory disclosure of changes in relevant interests via Form 604 notices, enhancing transparency for ASX-listed companies.
Despite the voting power decrease, Peterson remains above the five percent threshold, ensuring continued disclosure obligations for material changes. The 12 June 2026 notice establishes a reference point for monitoring future changes in his holdings.
Director and Trustee Roles Indicate Active Investment Oversight
Peterson’s roles as director of Celtic Finance Corp Pty Ltd, Celtic Capital Pte Ltd, Celtic Capital Pty Ltd, and Fat Hog Pty Ltd, along with trustee of Sunset Capital Management P/L, demonstrate direct control over investment decisions rather than passive ownership. The multiple purchases and sales between February and June 2026 reflect active portfolio management rather than a passive buy-and-hold strategy.
These five entities’ holdings are aggregated for substantial holder reporting. No changes in their association were reported during the period, maintaining consistency with prior disclosures and aiding investor transparency.
Investor Watchpoints for Future Developments
Investors should monitor upcoming Form 604 disclosures for any material changes—defined as voting power shifts of one percent or more—in Peterson’s substantial holding. Given the recent active trading pattern, further transactions may occur soon after the 12 June 2026 reference date.
Additionally, capital-raising announcements and operational updates from Xpedra Resources may provide insight into the context of Peterson’s investment activity. Tracking board and management changes, project milestones, and funding initiatives will assist investors in assessing whether Peterson’s shareholding reflects strategic confidence or portfolio adjustments.
