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Firetail Resources Limited ( (AU:M79) ) has issued an announcement.
The Bank of Nova Scotia and its controlling entities have lodged a notice that they have ceased to be substantial holders in Mammoth Minerals Limited as of 10 March 2026. The change reflects trading activity by affiliated manager 1832 Asset Management L.P., which increased its position through market purchases and a private placement in late 2025 before reducing its holding via on-market sales in early March 2026.
The exit of The Bank of Nova Scotia group from substantial holder status signals a shift in the institutional shareholder base of Mammoth Minerals. While the transactions occurred at progressively lower prices, the adjusted position may affect the company’s liquidity profile and ownership structure, with implications for how remaining and prospective investors assess support from major offshore institutional backers.
The most recent analyst rating on (AU:M79) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Firetail Resources Limited stock, see the AU:M79 Stock Forecast page.
More about Firetail Resources Limited
Mammoth Minerals Limited operates in the mining and resources sector, with its securities traded on the ASX. The company attracts institutional investment interest from offshore financial groups and asset managers that actively trade and participate in placements in Australian small-cap resource stocks.
Average Trading Volume: 1,226,162
Technical Sentiment Signal: Sell
Current Market Cap: A$45.27M
Learn more about M79 stock on TipRanks’ Stock Analysis page.