{
  "meta": {
    "title": "African Nickel data-driven organogram",
    "version": 1,
    "storageMode": "browser-local",
    "updatedAt": null
  },
  "companies": {
    "amede": {
      "displayName": "African Minerals Exploration & Development Fund SICAR",
      "jurisdiction": "Luxembourg",
      "description": "Placeholder shareholder panel with 5 default entries.",
      "shareholders": [
        {
          "name": "Placeholder shareholder 1",
          "shares": "TBD",
          "percentage": "TBD"
        },
        {
          "name": "Placeholder shareholder 2",
          "shares": "TBD",
          "percentage": "TBD"
        },
        {
          "name": "Placeholder shareholder 3",
          "shares": "TBD",
          "percentage": "TBD"
        },
        {
          "name": "Placeholder shareholder 4",
          "shares": "TBD",
          "percentage": "TBD"
        },
        {
          "name": "Placeholder shareholder 5",
          "shares": "TBD",
          "percentage": "TBD"
        }
      ],
      "hasSearch": false
    },
    "macredo": {
      "displayName": "Macredo Trading Ltd",
      "jurisdiction": "Cyprus",
      "description": "This shareholder view is inferred from the organogram. Macredo Trading Ltd is shown as 100% held by African Minerals Exploration & Development Fund SICAR.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Minerals Exploration & Development Fund SICAR",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "anl": {
      "displayName": "African Nickel Limited",
      "jurisdiction": "BVI",
      "description": "African Nickel Limited now includes two panel views. Use the toggle below to switch between the full detailed cap-table list and a fully diluted / QGC subscription summary view.",
      "shareholders": [
        {
          "rank": 1,
          "name": "Macredo Trading Ltd",
          "shares": 54415000,
          "percentage": 49.85
        },
        {
          "rank": 2,
          "name": "AJT Management",
          "shares": 7496120,
          "percentage": 6.87
        },
        {
          "rank": 3,
          "name": "Union Holdings (Malta) Ltd",
          "shares": 5000000,
          "percentage": 4.58
        },
        {
          "rank": 4,
          "name": "Anglo Corporate Enterprises (Pty) Ltd",
          "shares": 4913218,
          "percentage": 4.5
        },
        {
          "rank": 5,
          "name": "Deon van der Mescht",
          "shares": 4340000,
          "percentage": 3.98
        },
        {
          "rank": 6,
          "name": "David Twist",
          "shares": 3973400,
          "percentage": 3.64
        },
        {
          "rank": 7,
          "name": "Dawid Strydom",
          "shares": 3383000,
          "percentage": 3.1
        },
        {
          "rank": 8,
          "name": "Mexcap Ltd",
          "shares": 2625000,
          "percentage": 2.4
        },
        {
          "rank": 9,
          "name": "Luke Knight",
          "shares": 2160000,
          "percentage": 1.98
        },
        {
          "rank": 10,
          "name": "Rudolph de Bruin",
          "shares": 1566982,
          "percentage": 1.44
        },
        {
          "rank": 11,
          "name": "Aurex (Pty) Ltd",
          "shares": 1452000,
          "percentage": 1.33
        },
        {
          "rank": 12,
          "name": "LSV Special Opportunities SPV III Ltd",
          "shares": 1260000,
          "percentage": 1.15
        },
        {
          "rank": 13,
          "name": "Ruan Swanepoel",
          "shares": 1238548,
          "percentage": 1.13
        },
        {
          "rank": 14,
          "name": "Kolmar (Pty) Ltd",
          "shares": 1100000,
          "percentage": 1.01
        },
        {
          "rank": 15,
          "name": "James Murry Davidson",
          "shares": 740484,
          "percentage": 0.68
        },
        {
          "rank": 16,
          "name": "Gavin Selfe",
          "shares": 691583,
          "percentage": 0.63
        },
        {
          "rank": 17,
          "name": "Cold November Limited",
          "shares": 680567,
          "percentage": 0.62
        },
        {
          "rank": 18,
          "name": "Marlo Group Ltd",
          "shares": 650000,
          "percentage": 0.6
        },
        {
          "rank": 19,
          "name": "Japie Coetzee",
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          "percentage": 0.58
        },
        {
          "rank": 20,
          "name": "Johannes Hendrik van Heerden",
          "shares": 600000,
          "percentage": 0.55
        },
        {
          "rank": 21,
          "name": "Wade Dawe",
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          "percentage": 0.5
        },
        {
          "rank": 22,
          "name": "Mauro Arcidiacono",
          "shares": 505376,
          "percentage": 0.46
        },
        {
          "rank": 23,
          "name": "Christoffel Johannes Dippenaar",
          "shares": 504074,
          "percentage": 0.46
        },
        {
          "rank": 24,
          "name": "Investment Bank (Maurituis) Ltd",
          "shares": 500000,
          "percentage": 0.46
        },
        {
          "rank": 25,
          "name": "Johan Gehardus Barkhuizen",
          "shares": 480000,
          "percentage": 0.44
        },
        {
          "rank": 26,
          "name": "Warren Gilman",
          "shares": 435600,
          "percentage": 0.4
        },
        {
          "rank": 27,
          "name": "Musgrave Investments",
          "shares": 400000,
          "percentage": 0.37
        },
        {
          "rank": 28,
          "name": "African Nickel Ltd",
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          "percentage": 0.29
        },
        {
          "rank": 29,
          "name": "Helena Twist",
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          "percentage": 0.27
        },
        {
          "rank": 30,
          "name": "Christopher James Binks",
          "shares": 294123,
          "percentage": 0.27
        },
        {
          "rank": 31,
          "name": "Timothy Keating",
          "shares": 288744,
          "percentage": 0.26
        },
        {
          "rank": 32,
          "name": "Ayling Resources Inc.",
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          "percentage": 0.23
        },
        {
          "rank": 33,
          "name": "Lewis Gray Family Trust",
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          "percentage": 0.22
        },
        {
          "rank": 34,
          "name": "Sand Shu 2 Super Fund",
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          "percentage": 0.22
        },
        {
          "rank": 35,
          "name": "Marco Swanepoel",
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          "percentage": 0.19
        },
        {
          "rank": 36,
          "name": "Hannes Gouws",
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          "percentage": 0.18
        },
        {
          "rank": 37,
          "name": "Christiaan Johan Gouws",
          "shares": 192078,
          "percentage": 0.18
        },
        {
          "rank": 38,
          "name": "Gerrit Johannes Genis",
          "shares": 190428,
          "percentage": 0.17
        },
        {
          "rank": 39,
          "name": "Jan Gysbert Erasmus",
          "shares": 190428,
          "percentage": 0.17
        },
        {
          "rank": 40,
          "name": "Marcel de Bruin",
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          "percentage": 0.16
        },
        {
          "rank": 41,
          "name": "David Alisdair Shackleton",
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          "percentage": 0.15
        },
        {
          "rank": 42,
          "name": "Richard Binks",
          "shares": 163200,
          "percentage": 0.15
        },
        {
          "rank": 43,
          "name": "City Securities Limited",
          "shares": 161000,
          "percentage": 0.15
        },
        {
          "rank": 44,
          "name": "David Garry Abery",
          "shares": 150256,
          "percentage": 0.14
        },
        {
          "rank": 45,
          "name": "Benno Coetzee",
          "shares": 150000,
          "percentage": 0.14
        },
        {
          "rank": 46,
          "name": "Annelien Jessy van der Mescht",
          "shares": 125000,
          "percentage": 0.11
        },
        {
          "rank": 47,
          "name": "The William Super Fund",
          "shares": 121000,
          "percentage": 0.11
        },
        {
          "rank": 48,
          "name": "Tyke Investments",
          "shares": 119293,
          "percentage": 0.11
        },
        {
          "rank": 49,
          "name": "Grant Hayward",
          "shares": 114491,
          "percentage": 0.1
        },
        {
          "rank": 50,
          "name": "Andre Ravensworth Liddle",
          "shares": 89446,
          "percentage": 0.08
        },
        {
          "rank": 51,
          "name": "Paul Stuart Hawkridge",
          "shares": 85413,
          "percentage": 0.08
        },
        {
          "rank": 52,
          "name": "Emma Rebecca Hawkridge",
          "shares": 85038,
          "percentage": 0.08
        },
        {
          "rank": 53,
          "name": "Stephen John Langstaff & Margaret Elizabeth Langstaff",
          "shares": 81450,
          "percentage": 0.07
        },
        {
          "rank": 54,
          "name": "Karol Arron Thornton",
          "shares": 80000,
          "percentage": 0.07
        },
        {
          "rank": 55,
          "name": "Rene de Kock",
          "shares": 77900,
          "percentage": 0.07
        },
        {
          "rank": 56,
          "name": "Jaco Coetzee",
          "shares": 75000,
          "percentage": 0.07
        },
        {
          "rank": 57,
          "name": "Claude de Bruin",
          "shares": 68750,
          "percentage": 0.06
        },
        {
          "rank": 58,
          "name": "John Astrup",
          "shares": 68750,
          "percentage": 0.06
        },
        {
          "rank": 59,
          "name": "Janet Elizabeth Harris",
          "shares": 66025,
          "percentage": 0.06
        },
        {
          "rank": 60,
          "name": "Winnifred Harms",
          "shares": 64167,
          "percentage": 0.06
        },
        {
          "rank": 61,
          "name": "Andries Kriek Le Roux",
          "shares": 62057,
          "percentage": 0.06
        },
        {
          "rank": 62,
          "name": "Felicite Ann Frairer-Wessels",
          "shares": 59950,
          "percentage": 0.05
        },
        {
          "rank": 63,
          "name": "Francois Martens",
          "shares": 59167,
          "percentage": 0.05
        },
        {
          "rank": 64,
          "name": "Merlot Investments Ltd",
          "shares": 56667,
          "percentage": 0.05
        },
        {
          "rank": 65,
          "name": "Eastvest Trust",
          "shares": 50417,
          "percentage": 0.05
        },
        {
          "rank": 66,
          "name": "Heinrich Schultz",
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          "percentage": 0.05
        },
        {
          "rank": 67,
          "name": "Ian Flanagan",
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          "percentage": 0.04
        },
        {
          "rank": 68,
          "name": "Michael John Yates",
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          "percentage": 0.04
        },
        {
          "rank": 69,
          "name": "Dewald de Bruin",
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          "percentage": 0.04
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        {
          "rank": 70,
          "name": "Dirk de Bruin",
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          "percentage": 0.04
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        {
          "rank": 71,
          "name": "Elizabeth Bryony Hinkley",
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          "percentage": 0.04
        },
        {
          "rank": 72,
          "name": "Lucienne Martin",
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          "percentage": 0.03
        },
        {
          "rank": 73,
          "name": "Marta Smith",
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          "percentage": 0.03
        },
        {
          "rank": 74,
          "name": "Frans Arnoldi",
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          "percentage": 0.03
        },
        {
          "rank": 75,
          "name": "Sutton Trust",
          "shares": 33334,
          "percentage": 0.03
        },
        {
          "rank": 76,
          "name": "Herbert Robertson",
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          "percentage": 0.03
        },
        {
          "rank": 77,
          "name": "Johan Herdrik Human",
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          "percentage": 0.03
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        {
          "rank": 78,
          "name": "Kate Smith",
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        {
          "rank": 79,
          "name": "Philip Matais",
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          "percentage": 0.03
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        {
          "rank": 80,
          "name": "Lelau Mohuba",
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          "percentage": 0.03
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        {
          "rank": 81,
          "name": "Ebeth Strydom",
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          "percentage": 0.03
        },
        {
          "rank": 82,
          "name": "Eben Strydom",
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          "percentage": 0.02
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        {
          "rank": 83,
          "name": "Viaan Strydom",
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        {
          "rank": 84,
          "name": "Anja Von Reeken",
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          "percentage": 0.02
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        {
          "rank": 85,
          "name": "Jeanne Miny",
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        {
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          "name": "Lisa Blackburn",
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        {
          "rank": 87,
          "name": "Kathryn Ann Hind",
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          "percentage": 0.02
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        {
          "rank": 88,
          "name": "Roger Anthony Oakes",
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          "percentage": 0.02
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        {
          "rank": 89,
          "name": "Marle Strydom",
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        {
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          "name": "Nikolaos George Skobris",
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        {
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          "name": "Joanne Mary Sargent",
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        {
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          "name": "Nicola Ann Kennett",
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        {
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          "name": "Petrus Strydom",
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        {
          "rank": 94,
          "name": "Bruce and Susan Hornsey",
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          "percentage": 0.02
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        {
          "rank": 95,
          "name": "Edward Gysbert Hind",
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          "percentage": 0.02
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        {
          "rank": 96,
          "name": "Laura Cunningham",
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        {
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          "name": "Warren Cunningham",
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        {
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          "name": "Joanne Binks",
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          "percentage": 0.02
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        {
          "rank": 99,
          "name": "Chris Mulder",
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          "percentage": 0.02
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        {
          "rank": 100,
          "name": "Sara Lindsey Unsworth",
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          "percentage": 0.02
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        {
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          "name": "Juanita Barnard",
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        {
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          "name": "Judith Shackleton",
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        {
          "rank": 103,
          "name": "Jennifer Bennette",
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        {
          "rank": 104,
          "name": "Christopher Robert Wilkonson",
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        {
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          "name": "Maria Antoniou",
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        {
          "rank": 106,
          "name": "Paul Antoniou",
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          "percentage": 0.01
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        {
          "rank": 107,
          "name": "Sheng-Ang Ho",
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          "percentage": 0.01
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        {
          "rank": 108,
          "name": "Stefanus David Steyn",
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        {
          "rank": 109,
          "name": "Theresa Pistorius",
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          "percentage": 0.01
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        {
          "rank": 110,
          "name": "Christopher David Wagland",
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          "percentage": 0.01
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        {
          "rank": 111,
          "name": "Marius Celliers",
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        {
          "rank": 112,
          "name": "Lisa Brattley",
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        {
          "rank": 113,
          "name": "Oui-Fan Poon",
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          "percentage": 0.01
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        {
          "rank": 114,
          "name": "George Frederick Supra",
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          "percentage": 0.01
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        {
          "rank": 115,
          "name": "Hermann Venter",
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          "percentage": 0.01
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        {
          "rank": 116,
          "name": "Pagala Trust",
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        {
          "rank": 117,
          "name": "Willem Johannes Hattingh",
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        {
          "rank": 118,
          "name": "John Taylor",
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        {
          "rank": 119,
          "name": "Mark Flanagan",
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        {
          "rank": 120,
          "name": "Lina Carmela Arcidiacono",
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        {
          "rank": 121,
          "name": "Julie Sharon Martin",
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          "percentage": 0.01
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        {
          "rank": 122,
          "name": "Karen Dantu",
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          "percentage": 0.01
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        {
          "rank": 123,
          "name": "Pierre Strydom",
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          "percentage": 0.01
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        {
          "rank": 124,
          "name": "Mohammed Abid Zaman",
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          "percentage": 0.01
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        {
          "rank": 125,
          "name": "Wilson Botana Hlangwane",
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          "percentage": 0.01
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        {
          "rank": 126,
          "name": "Joanne Clare Ainsworth",
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        {
          "rank": 127,
          "name": "Igor Swanepoel",
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        {
          "rank": 128,
          "name": "Kim Derek Harris",
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        {
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          "name": "Janai Anselmi",
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        {
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        {
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          "name": "Marius Swanepoel Schwartz",
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        {
          "rank": 132,
          "name": "Helen Cunningham",
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          "percentage": 0.0
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        {
          "rank": 133,
          "name": "Ryan Christopher Fernandes",
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          "percentage": 0.0
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        {
          "rank": 134,
          "name": "Pio-Fan Poon",
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          "percentage": 0.0
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        {
          "rank": 135,
          "name": "Hazel Elizabeth Neale",
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          "percentage": 0.0
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        {
          "rank": 136,
          "name": "Peter Nicholas Smith",
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        {
          "rank": 137,
          "name": "Susan Hornsey",
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        {
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          "name": "Andrew David Preston",
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          "name": "Karen Theresa Levy",
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        {
          "rank": 140,
          "name": "Paul Nicholas Wagland",
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          "percentage": 0.0
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        {
          "rank": 141,
          "name": "Justus Unvestment Club",
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          "percentage": 0.0
        },
        {
          "rank": 142,
          "name": "Edward Alexander Hind",
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          "percentage": 0.0
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        {
          "rank": 143,
          "name": "Deboorah A Levesley",
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          "percentage": 0.0
        },
        {
          "rank": 144,
          "name": "Bruce Hornsey",
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          "percentage": 0.0
        },
        {
          "rank": 145,
          "name": "Khalid Abid Zaman",
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          "percentage": 0.0
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          "percentage": 0.0
        },
        {
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          "name": "Johan Taylor",
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          "percentage": 0.0
        },
        {
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          "percentage": 0.0
        },
        {
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          "name": "Hendrick Pistorius",
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          "percentage": 0.0
        },
        {
          "rank": 150,
          "name": "James Andrew Harris",
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          "percentage": 0.0
        }
      ],
      "hasSearch": true,
      "footerNote": "Use the toggle to switch between the detailed cap-table basis and the later fully diluted / QGC subscription summary basis.",
      "views": {
        "detailed": {
          "label": "Detailed cap table",
          "description": "Full shareholder list restored. This ANL panel uses the detailed shareholder list from the attached cap table export, so it remains searchable and complete.",
          "shareholders": [
            {
              "rank": 1,
              "name": "Macredo Trading Ltd",
              "shares": 54415000,
              "percentage": 49.85
            },
            {
              "rank": 2,
              "name": "AJT Management",
              "shares": 7496120,
              "percentage": 6.87
            },
            {
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            {
              "rank": 4,
              "name": "Anglo Corporate Enterprises (Pty) Ltd",
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            {
              "rank": 5,
              "name": "Deon van der Mescht",
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              "percentage": 3.98
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            {
              "rank": 6,
              "name": "David Twist",
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              "percentage": 3.64
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            {
              "rank": 7,
              "name": "Dawid Strydom",
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              "percentage": 3.1
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            {
              "rank": 8,
              "name": "Mexcap Ltd",
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              "percentage": 2.4
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            {
              "rank": 9,
              "name": "Luke Knight",
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            {
              "rank": 10,
              "name": "Rudolph de Bruin",
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            {
              "rank": 11,
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            {
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              "percentage": 1.15
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            {
              "rank": 13,
              "name": "Ruan Swanepoel",
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              "percentage": 1.13
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            {
              "rank": 14,
              "name": "Kolmar (Pty) Ltd",
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            {
              "rank": 15,
              "name": "James Murry Davidson",
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            {
              "rank": 16,
              "name": "Gavin Selfe",
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              "percentage": 0.63
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            {
              "rank": 17,
              "name": "Cold November Limited",
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            },
            {
              "rank": 18,
              "name": "Marlo Group Ltd",
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              "percentage": 0.6
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            {
              "rank": 19,
              "name": "Japie Coetzee",
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              "percentage": 0.58
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            {
              "rank": 20,
              "name": "Johannes Hendrik van Heerden",
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            {
              "rank": 21,
              "name": "Wade Dawe",
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              "percentage": 0.5
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            {
              "rank": 22,
              "name": "Mauro Arcidiacono",
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            {
              "rank": 23,
              "name": "Christoffel Johannes Dippenaar",
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              "percentage": 0.46
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            {
              "rank": 24,
              "name": "Investment Bank (Maurituis) Ltd",
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              "percentage": 0.46
            },
            {
              "rank": 25,
              "name": "Johan Gehardus Barkhuizen",
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              "percentage": 0.44
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            {
              "rank": 26,
              "name": "Warren Gilman",
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              "percentage": 0.4
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            {
              "rank": 27,
              "name": "Musgrave Investments",
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              "percentage": 0.37
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            {
              "rank": 28,
              "name": "African Nickel Ltd",
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            },
            {
              "rank": 29,
              "name": "Helena Twist",
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              "percentage": 0.27
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            {
              "rank": 30,
              "name": "Christopher James Binks",
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              "percentage": 0.27
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            {
              "rank": 31,
              "name": "Timothy Keating",
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              "percentage": 0.26
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            {
              "rank": 32,
              "name": "Ayling Resources Inc.",
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              "percentage": 0.23
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              "rank": 33,
              "name": "Lewis Gray Family Trust",
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              "rank": 34,
              "name": "Sand Shu 2 Super Fund",
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              "percentage": 0.22
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            {
              "rank": 35,
              "name": "Marco Swanepoel",
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              "rank": 36,
              "name": "Hannes Gouws",
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              "percentage": 0.18
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            {
              "rank": 37,
              "name": "Christiaan Johan Gouws",
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            {
              "rank": 38,
              "name": "Gerrit Johannes Genis",
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            {
              "rank": 39,
              "name": "Jan Gysbert Erasmus",
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            {
              "rank": 40,
              "name": "Marcel de Bruin",
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            {
              "rank": 41,
              "name": "David Alisdair Shackleton",
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            {
              "rank": 42,
              "name": "Richard Binks",
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            {
              "rank": 43,
              "name": "City Securities Limited",
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            {
              "rank": 44,
              "name": "David Garry Abery",
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              "rank": 45,
              "name": "Benno Coetzee",
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            {
              "rank": 46,
              "name": "Annelien Jessy van der Mescht",
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            },
            {
              "rank": 47,
              "name": "The William Super Fund",
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            },
            {
              "rank": 48,
              "name": "Tyke Investments",
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            {
              "rank": 49,
              "name": "Grant Hayward",
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              "percentage": 0.1
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            {
              "rank": 50,
              "name": "Andre Ravensworth Liddle",
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              "percentage": 0.08
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            {
              "rank": 51,
              "name": "Paul Stuart Hawkridge",
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            {
              "rank": 52,
              "name": "Emma Rebecca Hawkridge",
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              "percentage": 0.08
            },
            {
              "rank": 53,
              "name": "Stephen John Langstaff & Margaret Elizabeth Langstaff",
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            {
              "rank": 54,
              "name": "Karol Arron Thornton",
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            {
              "rank": 55,
              "name": "Rene de Kock",
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            {
              "rank": 56,
              "name": "Jaco Coetzee",
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            {
              "rank": 57,
              "name": "Claude de Bruin",
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            {
              "rank": 58,
              "name": "John Astrup",
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              "percentage": 0.06
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            {
              "rank": 59,
              "name": "Janet Elizabeth Harris",
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              "percentage": 0.06
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            {
              "rank": 60,
              "name": "Winnifred Harms",
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            {
              "rank": 61,
              "name": "Andries Kriek Le Roux",
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            },
            {
              "rank": 62,
              "name": "Felicite Ann Frairer-Wessels",
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            {
              "rank": 63,
              "name": "Francois Martens",
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            {
              "rank": 64,
              "name": "Merlot Investments Ltd",
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              "percentage": 0.05
            },
            {
              "rank": 65,
              "name": "Eastvest Trust",
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              "percentage": 0.05
            },
            {
              "rank": 66,
              "name": "Heinrich Schultz",
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              "percentage": 0.05
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            {
              "rank": 67,
              "name": "Ian Flanagan",
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              "percentage": 0.04
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            {
              "rank": 68,
              "name": "Michael John Yates",
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              "percentage": 0.04
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            {
              "rank": 69,
              "name": "Dewald de Bruin",
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              "percentage": 0.04
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            {
              "rank": 70,
              "name": "Dirk de Bruin",
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              "percentage": 0.04
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            {
              "rank": 71,
              "name": "Elizabeth Bryony Hinkley",
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            {
              "rank": 72,
              "name": "Lucienne Martin",
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            {
              "rank": 73,
              "name": "Marta Smith",
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            {
              "rank": 74,
              "name": "Frans Arnoldi",
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            {
              "rank": 75,
              "name": "Sutton Trust",
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              "percentage": 0.03
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              "rank": 76,
              "name": "Herbert Robertson",
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              "rank": 77,
              "name": "Johan Herdrik Human",
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              "rank": 78,
              "name": "Kate Smith",
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              "rank": 80,
              "name": "Lelau Mohuba",
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              "rank": 81,
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              "rank": 85,
              "name": "Jeanne Miny",
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              "rank": 87,
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              "rank": 88,
              "name": "Roger Anthony Oakes",
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              "rank": 89,
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              "rank": 90,
              "name": "Nikolaos George Skobris",
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            {
              "rank": 91,
              "name": "Joanne Mary Sargent",
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              "rank": 96,
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            {
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              "rank": 100,
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              "rank": 101,
              "name": "Juanita Barnard",
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              "rank": 102,
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              "rank": 103,
              "name": "Jennifer Bennette",
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            {
              "rank": 104,
              "name": "Christopher Robert Wilkonson",
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              "rank": 106,
              "name": "Paul Antoniou",
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              "rank": 107,
              "name": "Sheng-Ang Ho",
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            {
              "rank": 108,
              "name": "Stefanus David Steyn",
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              "percentage": 0.01
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            {
              "rank": 109,
              "name": "Theresa Pistorius",
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            {
              "rank": 110,
              "name": "Christopher David Wagland",
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            {
              "rank": 111,
              "name": "Marius Celliers",
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              "rank": 112,
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            {
              "rank": 113,
              "name": "Oui-Fan Poon",
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            {
              "rank": 114,
              "name": "George Frederick Supra",
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              "percentage": 0.01
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            {
              "rank": 115,
              "name": "Hermann Venter",
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            {
              "rank": 116,
              "name": "Pagala Trust",
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            },
            {
              "rank": 117,
              "name": "Willem Johannes Hattingh",
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            {
              "rank": 118,
              "name": "John Taylor",
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              "percentage": 0.01
            },
            {
              "rank": 119,
              "name": "Mark Flanagan",
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              "percentage": 0.01
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            {
              "rank": 120,
              "name": "Lina Carmela Arcidiacono",
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              "percentage": 0.01
            },
            {
              "rank": 121,
              "name": "Julie Sharon Martin",
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              "percentage": 0.01
            },
            {
              "rank": 122,
              "name": "Karen Dantu",
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              "percentage": 0.01
            },
            {
              "rank": 123,
              "name": "Pierre Strydom",
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              "percentage": 0.01
            },
            {
              "rank": 124,
              "name": "Mohammed Abid Zaman",
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              "percentage": 0.01
            },
            {
              "rank": 125,
              "name": "Wilson Botana Hlangwane",
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              "percentage": 0.01
            },
            {
              "rank": 126,
              "name": "Joanne Clare Ainsworth",
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            },
            {
              "rank": 127,
              "name": "Igor Swanepoel",
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            },
            {
              "rank": 128,
              "name": "Kim Derek Harris",
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              "percentage": 0.01
            },
            {
              "rank": 129,
              "name": "Janai Anselmi",
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              "percentage": 0.01
            },
            {
              "rank": 130,
              "name": "Nick Geldenhuys",
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              "percentage": 0.01
            },
            {
              "rank": 131,
              "name": "Marius Swanepoel Schwartz",
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              "percentage": 0.01
            },
            {
              "rank": 132,
              "name": "Helen Cunningham",
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              "percentage": 0.0
            },
            {
              "rank": 133,
              "name": "Ryan Christopher Fernandes",
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              "percentage": 0.0
            },
            {
              "rank": 134,
              "name": "Pio-Fan Poon",
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            },
            {
              "rank": 135,
              "name": "Hazel Elizabeth Neale",
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            },
            {
              "rank": 136,
              "name": "Peter Nicholas Smith",
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              "percentage": 0.0
            },
            {
              "rank": 137,
              "name": "Susan Hornsey",
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            },
            {
              "rank": 138,
              "name": "Andrew David Preston",
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              "percentage": 0.0
            },
            {
              "rank": 139,
              "name": "Karen Theresa Levy",
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              "percentage": 0.0
            },
            {
              "rank": 140,
              "name": "Paul Nicholas Wagland",
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              "percentage": 0.0
            },
            {
              "rank": 141,
              "name": "Justus Unvestment Club",
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              "percentage": 0.0
            },
            {
              "rank": 142,
              "name": "Edward Alexander Hind",
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              "percentage": 0.0
            },
            {
              "rank": 143,
              "name": "Deboorah A Levesley",
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              "percentage": 0.0
            },
            {
              "rank": 144,
              "name": "Bruce Hornsey",
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              "percentage": 0.0
            },
            {
              "rank": 145,
              "name": "Khalid Abid Zaman",
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              "percentage": 0.0
            },
            {
              "rank": 146,
              "name": "Derek Neilson",
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              "percentage": 0.0
            },
            {
              "rank": 147,
              "name": "Johan Taylor",
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              "percentage": 0.0
            },
            {
              "rank": 148,
              "name": "Lillian Blackburn",
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              "percentage": 0.0
            },
            {
              "rank": 149,
              "name": "Hendrick Pistorius",
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              "percentage": 0.0
            },
            {
              "rank": 150,
              "name": "James Andrew Harris",
              "shares": 632,
              "percentage": 0.0
            }
          ],
          "hasSearch": true,
          "footerNote": "This is the detailed searchable ANL shareholder list from the attached cap table export."
        },
        "diluted": {
          "label": "Fully diluted / QGC",
          "description": "This summary view reflects the later ANL position that treats Q Global Nickel / QGC as an ANL equity subscriber on a fully diluted basis, including the ANH conversion shares.",
          "shareholders": [
            {
              "rank": 1,
              "name": "Macredo Trading Ltd",
              "shares": 62554251,
              "percentage": 35.83
            },
            {
              "rank": 2,
              "name": "Q Global Nickel / QGC",
              "shares": 32255556,
              "percentage": 18.47
            },
            {
              "rank": 3,
              "name": "ANL Employee Incentive Scheme",
              "shares": 11748535,
              "percentage": 6.73
            },
            {
              "rank": 4,
              "name": "AJT Management",
              "shares": 9063102,
              "percentage": 5.19
            },
            {
              "rank": 5,
              "name": "Other holders balance",
              "shares": "—",
              "percentage": 33.78
            }
          ],
          "hasSearch": true,
          "footerNote": "This summary view reflects the later fully diluted basis referenced in the QGC / Q Global Nickel subscription materials and the later ANL shareholding email."
        }
      }
    },
    "malmesburg": {
      "displayName": "Malmesburg (Pty) Ltd",
      "jurisdiction": "Botswana",
      "description": "This shareholder view is inferred from the organogram. Malmesburg (Pty) Ltd is shown as 100% owned by African Nickel Limited.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Limited",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "an_namibia": {
      "displayName": "AN (Namibia) (Pty) Ltd",
      "jurisdiction": "Namibia",
      "description": "This shareholder view is inferred from the organogram. AN (Namibia) (Pty) Ltd is shown as 100% owned by African Nickel Limited.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Limited",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "an_sa": {
      "displayName": "AN (SA) (Pty) Ltd",
      "jurisdiction": "RSA",
      "description": "This shareholder view is inferred from the organogram. AN (SA) (Pty) Ltd is shown as 100% owned by African Nickel Limited.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Limited",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "an_botswana": {
      "displayName": "African Nickel Botswana (Pty) Ltd",
      "jurisdiction": "Botswana",
      "description": "This shareholder view is inferred from the organogram. African Nickel Botswana (Pty) Ltd is shown as 100% owned by African Nickel Limited.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Limited",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "nitomic": {
      "displayName": "Nitomic Minerals Resources (Pty) Ltd",
      "jurisdiction": "Namibia",
      "description": "This shareholder view is inferred from the organogram. Nitomic Minerals Resources (Pty) Ltd is shown as held 75% by African Nickel Limited and 25% by Lexrox.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Limited",
          "shares": "—",
          "percentage": 75
        },
        {
          "rank": 2,
          "name": "Lexrox",
          "shares": "—",
          "percentage": 25
        }
      ],
      "hasSearch": false
    },
    "anh": {
      "displayName": "African Nickel Holdings Limited",
      "jurisdiction": "RSA",
      "description": "This shareholder view is inferred from the organogram. African Nickel Holdings Limited is shown as held 74.75% by African Nickel Limited and 25.25% by the Unincorporated JV.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Limited",
          "shares": "—",
          "percentage": 74.75
        },
        {
          "rank": 2,
          "name": "Unincorporated JV",
          "shares": "—",
          "percentage": 25.25
        }
      ],
      "hasSearch": false
    },
    "ermelo": {
      "displayName": "AN (Ermelo) (Pty) Ltd",
      "jurisdiction": "RSA",
      "description": "This shareholder view is inferred from the organogram. AN (Ermelo) (Pty) Ltd is shown as 100% owned by African Nickel Holdings Limited.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Holdings Limited",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "north_west": {
      "displayName": "AN (North West) (Pty) Ltd",
      "jurisdiction": "RSA",
      "description": "This shareholder view is inferred from the organogram. AN (North West) (Pty) Ltd is shown as 100% owned by African Nickel Holdings Limited.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Holdings Limited",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "koster": {
      "displayName": "AN (Koster) (Pty) Ltd",
      "jurisdiction": "RSA",
      "description": "This shareholder view is inferred from the organogram. AN (Koster) (Pty) Ltd is shown as 100% owned by African Nickel Holdings Limited.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Holdings Limited",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "north_cape": {
      "displayName": "AN (North Cape) (Pty) Ltd",
      "jurisdiction": "RSA",
      "description": "This shareholder view is inferred from the organogram. AN (North Cape) (Pty) Ltd is shown as 100% owned by African Nickel Holdings Limited.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Holdings Limited",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "disawel": {
      "displayName": "Disawel (Pty) Ltd",
      "jurisdiction": "RSA",
      "description": "This shareholder view is based on the organogram and Note 2. African Nickel Holdings Limited is shown with a 37% interest in Disawel (Pty) Ltd, and Orion is referenced as having an earn-in arrangement of up to 80%.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Holdings Limited",
          "shares": "Interest shown",
          "percentage": 37
        },
        {
          "rank": 2,
          "name": "Orion",
          "shares": "Earn-in right",
          "percentage": "Up to 80%"
        }
      ],
      "hasSearch": false
    },
    "unincorp": {
      "displayName": "Unincorporated JV",
      "jurisdiction": "RSA",
      "description": "This shareholder view is inferred from the organogram. The Unincorporated JV is shown as having two shareholders: Macredo Trading Ltd (49%) and Tizamax (Pty) Ltd (51%).",
      "shareholders": [
        {
          "rank": 1,
          "name": "Macredo Trading Ltd",
          "shares": "—",
          "percentage": 49
        },
        {
          "rank": 2,
          "name": "Tizamax (Pty) Ltd",
          "shares": "—",
          "percentage": 51
        }
      ],
      "hasSearch": false
    },
    "bon_accord": {
      "displayName": "Bon Accord",
      "jurisdiction": "Project",
      "description": "This project view is inferred from the organogram. Bon Accord is shown under AN (Ermelo) (Pty) Ltd.",
      "shareholders": [
        {
          "rank": 1,
          "name": "AN (Ermelo) (Pty) Ltd",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "tizamax": {
      "displayName": "Tizamax (Pty) Ltd",
      "jurisdiction": "RSA",
      "description": "This shareholder view follows the ANH organogram. Tizamax (Pty) Ltd is shown as 100% held by Lelau Mohuba Trust.",
      "shareholders": [
        {
          "rank": 1,
          "name": "Lelau Mohuba Trust",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "namaqua": {
      "displayName": "Namaqua Nickel (Pty) Ltd",
      "jurisdiction": "RSA",
      "description": "This shareholder view is based on Note 2 in the organogram. The chart shows an earn-in relationship for African Nickel Holdings Limited into Namaqua Nickel (Pty) Ltd, and an Orion agreement for a further earn-in, rather than a fixed final cap table.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Holdings Limited",
          "shares": "Earn-in right",
          "percentage": "Up to 74%"
        },
        {
          "rank": 2,
          "name": "Orion",
          "shares": "Earn-in right",
          "percentage": "Up to 80%"
        }
      ],
      "hasSearch": false
    },
    "jacomynspan": {
      "displayName": "Jacomynspan",
      "jurisdiction": "Project",
      "description": "This project view is inferred from the organogram. Jacomynspan is shown under Namaqua Nickel (Pty) Ltd.",
      "shareholders": [
        {
          "rank": 1,
          "name": "Namaqua Nickel (Pty) Ltd",
          "shares": "—",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "lexrox": {
      "displayName": "Lexrox",
      "jurisdiction": "Shareholder",
      "description": "This box has been added from the organogram relationship showing Lexrox as a 25% shareholder of Nitomic Minerals Resources (Pty) Ltd.",
      "shareholders": [
        {
          "name": "Placeholder shareholder 1",
          "shares": "TBD",
          "percentage": "TBD"
        },
        {
          "name": "Placeholder shareholder 2",
          "shares": "TBD",
          "percentage": "TBD"
        },
        {
          "name": "Placeholder shareholder 3",
          "shares": "TBD",
          "percentage": "TBD"
        },
        {
          "name": "Placeholder shareholder 4",
          "shares": "TBD",
          "percentage": "TBD"
        },
        {
          "name": "Placeholder shareholder 5",
          "shares": "TBD",
          "percentage": "TBD"
        }
      ],
      "hasSearch": false
    },
    "orion_namaqua": {
      "displayName": "Orion",
      "jurisdiction": "Counterparty",
      "description": "Counterparty box added per Note 2. The organogram note states that Orion can earn up to 80% in Namaqua Nickel and Disawel.",
      "shareholders": [
        {
          "rank": 1,
          "name": "Namaqua Nickel (Pty) Ltd",
          "shares": "Earn-in right",
          "percentage": "Up to 80%"
        }
      ],
      "hasSearch": false
    },
    "orion_disawel": {
      "displayName": "Orion",
      "jurisdiction": "Counterparty",
      "description": "Counterparty box added per Note 2. The organogram note states that Orion can earn up to 80% in Namaqua Nickel and Disawel.",
      "shareholders": [
        {
          "rank": 1,
          "name": "Disawel (Pty) Ltd",
          "shares": "Earn-in right",
          "percentage": "Up to 80%"
        }
      ],
      "hasSearch": false
    },
    "qgn": {
      "displayName": "Q Global Nickel (Pty) Ltd",
      "jurisdiction": "Shareholder",
      "description": "This box has been added to reflect the documented equity subscription into African Nickel Limited under the 24 Oct 2022 Subscription of Shares Agreement. The 25 Oct 2024 ANL shareholding email records Q-Global Nickel / QGC at 32,255,556 ANL shares on a fully diluted basis, and the 31 Dec 2025 register records five allotments to Q Global Nickel (Pty) Ltd totalling the same number of shares.",
      "shareholders": [
        {
          "rank": 1,
          "name": "African Nickel Limited (fully diluted snapshot)",
          "shares": 32255556,
          "percentage": 18.47
        }
      ],
      "hasSearch": false,
      "footerNote": "Agreement naming and narrative naming are not fully aligned yet: the executed subscription agreement and register use Q Global Nickel, while some narrative material refers to Q-Global Commodities / QGC."
    },
    "lelau": {
      "displayName": "Lelau Mohuba Trust",
      "jurisdiction": "Trust",
      "description": "This shareholder view follows the ANH organogram. Lelau Mohuba Trust is shown as 100% held for 100% Black South African beneficiaries.",
      "shareholders": [
        {
          "rank": 1,
          "name": "100% Black South Africans",
          "shares": "Beneficial interest",
          "percentage": 100
        }
      ],
      "hasSearch": false
    },
    "black_sa": {
      "displayName": "100% Black South Africans",
      "jurisdiction": "Beneficiaries",
      "description": "This box has been added from the ANH organogram as the beneficial holder above Lelau Mohuba Trust.",
      "shareholders": [
        {
          "rank": 1,
          "name": "Black South African beneficiaries",
          "shares": "Beneficial interest",
          "percentage": 100
        }
      ],
      "hasSearch": false
    }
  },
  "nodes": [
    {
      "id": "amede",
      "name": "African Minerals Exploration & Development Fund SICAR",
      "jurisdiction": "Luxembourg",
      "x": 670,
      "y": 30
    },
    {
      "id": "macredo",
      "name": "Macredo Trading Ltd",
      "jurisdiction": "Cyprus",
      "x": 670,
      "y": 155
    },
    {
      "id": "qgn",
      "name": "Q Global Nickel (Pty) Ltd",
      "jurisdiction": "Shareholder",
      "x": 390,
      "y": 155
    },
    {
      "id": "anl",
      "name": "African Nickel Limited",
      "jurisdiction": "BVI",
      "x": 670,
      "y": 285
    },
    {
      "id": "malmesburg",
      "name": "Malmesburg (Pty) Ltd",
      "jurisdiction": "Botswana",
      "x": 120,
      "y": 355
    },
    {
      "id": "an_namibia",
      "name": "AN (Namibia) (Pty) Ltd",
      "jurisdiction": "Namibia",
      "x": 120,
      "y": 475
    },
    {
      "id": "an_sa",
      "name": "AN (SA) (Pty) Ltd",
      "jurisdiction": "RSA",
      "x": 120,
      "y": 595
    },
    {
      "id": "an_botswana",
      "name": "African Nickel Botswana (Pty) Ltd",
      "jurisdiction": "Botswana",
      "x": 120,
      "y": 715
    },
    {
      "id": "nitomic",
      "name": "Nitomic Minerals Resources (Pty) Ltd",
      "jurisdiction": "Namibia",
      "x": 120,
      "y": 845
    },
    {
      "id": "anh",
      "name": "African Nickel Holdings Limited",
      "jurisdiction": "RSA",
      "x": 670,
      "y": 405
    },
    {
      "id": "ermelo",
      "name": "AN (Ermelo) (Pty) Ltd",
      "jurisdiction": "RSA",
      "x": 670,
      "y": 545
    },
    {
      "id": "north_west",
      "name": "AN (North West) (Pty) Ltd",
      "jurisdiction": "RSA",
      "x": 670,
      "y": 675
    },
    {
      "id": "koster",
      "name": "AN (Koster) (Pty) Ltd",
      "jurisdiction": "RSA",
      "x": 670,
      "y": 805
    },
    {
      "id": "north_cape",
      "name": "AN (North Cape) (Pty) Ltd",
      "jurisdiction": "RSA",
      "x": 670,
      "y": 935
    },
    {
      "id": "disawel",
      "name": "Disawel (Pty) Ltd",
      "jurisdiction": "RSA",
      "x": 670,
      "y": 1065
    },
    {
      "id": "unincorp",
      "name": "Unincorporated JV",
      "jurisdiction": "RSA",
      "x": 1090,
      "y": 285
    },
    {
      "id": "bon_accord",
      "name": "Bon Accord",
      "jurisdiction": "Property / Asset",
      "x": 1100,
      "y": 590
    },
    {
      "id": "lelau",
      "name": "Lelau Mohuba Trust",
      "jurisdiction": "Trust",
      "x": 1340,
      "y": 155
    },
    {
      "id": "black_sa",
      "name": "100% Black South Africans",
      "jurisdiction": "Beneficiaries",
      "x": 1340,
      "y": 30
    },
    {
      "id": "tizamax",
      "name": "Tizamax (Pty) Ltd",
      "jurisdiction": "RSA",
      "x": 1340,
      "y": 285
    },
    {
      "id": "namaqua",
      "name": "Namaqua Nickel (Pty) Ltd",
      "jurisdiction": "RSA",
      "x": 1340,
      "y": 510
    },
    {
      "id": "jacomynspan",
      "name": "Jacomynspan",
      "jurisdiction": "Property / Asset",
      "x": 1350,
      "y": 655
    },
    {
      "id": "lexrox",
      "name": "Lexrox",
      "jurisdiction": "Shareholder",
      "x": 160,
      "y": 975
    },
    {
      "id": "orion_namaqua",
      "name": "Orion",
      "jurisdiction": "Counterparty",
      "x": 1450,
      "y": 430
    },
    {
      "id": "orion_disawel",
      "name": "Orion",
      "jurisdiction": "Counterparty",
      "x": 980,
      "y": 1065
    }
  ],
  "projectIds": [
    "bon_accord",
    "jacomynspan"
  ],
  "counterpartyIds": [
    "lexrox",
    "orion_namaqua",
    "orion_disawel"
  ],
  "notes": {
    "note1": "The structure shows the position after the shareholders in ANH have rolled up into ANL.",
    "note2": "ANH has an earn-in agreement whereby it can earn up to 74% of the shares of Namaqua Nickel (Pty) Ltd. The earn-in has been achieved and some of the shares have been issued. The balance will be issued once the necessary regulatory approvals have been received. An agreement has been entered into with Orion in terms of which Orion can earn up to 80% in Namaqua Nickel and Disawel.",
    "note3": "AN (Namibia) owns the shares in two other Namibian registered companies being Binvis (Pty) Ltd and Magic Weavers (Pty) Ltd. Both these companies are in the process of being deregistered.",
    "note4": "ANL entered into a Subscription of Shares Agreement dated 24 Oct 2022 with Q Global Nickel Proprietary Limited. The 25 Oct 2024 ANL shareholding email records Q-Global Nickel / QGC at 32,255,556 ANL shares (18.47% on a fully diluted basis, including ANH conversion shares). The 31 Dec 2025 register records five allotments to Q Global Nickel (Pty) Ltd totalling the same 32,255,556 shares."
  }
}