Marquee Resources Director Charles Thomas Boosts Stake by 5 Million Shares for $25,000

Charles Thomas Raises Indirect Shareholding in Marquee Resources via Mounts Bay Investments

According to an ASX filing under Listing Rule 3.19A.2 and section 205G of the Corporations Act, director Charles Thomas has increased his indirect interest in Marquee Resources Limited through Mounts Bay Investments Pty Ltd. The on-market acquisition of 5,000,000 fully paid ordinary shares was completed on 30 June 2026. Mounts Bay Investments Pty Ltd, where Thomas is director, shareholder, and beneficiary, is the registered holder of these shares.

Before this transaction, Mounts Bay Investments held 10,266,667 fully paid ordinary shares. The purchase raised this holding to 15,266,667 shares, reflecting a roughly 48.7% increase in the director’s ordinary share position and signaling a notable rise in his equity exposure.

On-Market Purchase of 5 Million Shares at $0.005 Each

The Appendix 3Y filing states the total payment for the shares was $25,000, translating to an effective price of $0.005 per share. The shares were acquired through normal trading on the Australian Securities Exchange rather than via private placements or other off-market means.

The filing confirms no shares were sold in this transaction, indicating a straightforward increase in holdings without any sell-down or swap. While the immediate effect on the share price was not publicly available at the time, the on-market nature means the purchase occurred at prevailing market prices on 30 June 2026.

Complete Securities Position Including 30 Million Performance Rights

In addition to ordinary shares, Charles Thomas holds 15 million Class A Performance Rights and 15 million Class B Performance Rights through Mounts Bay Investments Pty Ltd, totaling 30 million performance rights. These were unchanged by the recent share purchase and remain consistent with disclosures from the previous Appendix 3Y notice dated 30 January 2026.

Performance rights typically convert into ordinary shares upon meeting specified milestones or vesting conditions. The combination of a rising ordinary shareholding and a large performance rights position indicates a layered, long-term commitment to Marquee Resources’ future. The update did not specify the vesting criteria for these rights.

Comparison to Previous Director Disclosure

The last Appendix 3Y notice from Charles Thomas was dated 30 January 2026, which showed holdings of 10,266,667 ordinary shares and 30 million performance rights via Mounts Bay Investments. No changes were reported until the 30 June 2026 on-market purchase.

The five-month gap suggests this was a deliberate block acquisition rather than frequent incremental buying. The timing at the end of the financial year may be notable, though no explanation was provided by the company or director regarding the timing or motivation.

Compliance Confirmed: Trade Outside Closed Period

Part 3 of the Appendix 3Y confirms the transaction did not occur during a closed period, so no prior written clearance was required. This compliance detail indicates the purchase adhered to the company’s securities trading policy and ASX Listing Rules.

Closed periods usually precede the release of price-sensitive information such as financial results. Executing the trade outside such windows removes regulatory concerns about timing. The company promptly fulfilled disclosure obligations by lodging the Appendix 3Y with the ASX.

Disclosure Implications of Mounts Bay Investments Structure

The shares are held indirectly by Charles Thomas through Mounts Bay Investments Pty Ltd, where he is director, shareholder, and beneficiary. Australian corporate law and ASX rules require directors to disclose changes in relevant securities interests, whether held directly or indirectly through entities like private companies or trusts. The Appendix 3Y filing ensures transparency of these indirect holdings.

Using a private investment vehicle like Mounts Bay Investments for holding listed securities is common among Australian directors and executives. It does not affect disclosure obligations, which require timely reporting of all relevant interest changes. Thomas’s roles within Mounts Bay Investments mean the full beneficial interest is attributed to him for disclosure purposes.

Significance of Director Purchases for MQR Investors

Insider purchases on the open market are often seen by analysts as meaningful signals of confidence, since they involve personal capital commitment at current market prices. In this case, Charles Thomas invested $25,000 through Mounts Bay Investments to increase his ordinary shareholding in Marquee Resources.

Nonetheless, investors should treat such purchases as one factor among many when evaluating the company. They do not guarantee future results nor serve as forward guidance. Marquee Resources has not released any operational updates or forecasts alongside this notice, so the purchase should be considered within the broader public information and each investor’s individual circumstances.

Post-Transaction Shareholding and Potential Dilution

Following the purchase, Charles Thomas’s ordinary shares via Mounts Bay Investments total 15,266,667. Along with 30 million performance rights, his potential fully diluted exposure to Marquee Resources equity is significantly larger, assuming all rights vest.

The company did not disclose total shares on issue in this update, so the director’s exact percentage ownership cannot be determined from this information alone. Investors seeking this data should consult the latest annual report, share registry, or capital structure disclosures from recent fundraising or quarterly reports.

Market participants will likely watch for further operational announcements from Marquee Resources that may clarify the strategic rationale behind the director’s increased shareholding.