Change in substantial holding
604 GUIDE
page 1/1 13 March 2000
Form 604
Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
To Company Name/Scheme
Westgold Resources Limited
ACN/ARSN
009 260 306
1.
Details of substantial holder (1)
Name
Van Eck Associates Corporation (and its associates referred to in paragraph 6).
ACN/ARSN (if applicable)
N/A
There was a change in the interests of the
substantial holder on
21/03/2025
The previous notice was given to the company on
27/12/2024
The previous notice was dated
23/12/2024
2.
Previous and present voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a
relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:
Class of securities (4)
Ordinary shares
3.
Previous notice
Person’s votes
86,824,004
Present notice
Voting power (5)
9.21%
Person’s votes
75,834,970
Voting power (5)
8.04%
Changes in relevant interests
Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or
scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:
Class and
Person whose
Consideration
number of
Person’s votes
Date of
Nature of
relevant interest
given in relation
securities
affected
change
change (6)
changed
to change (7)
affected
Van Eck Associates
See Annexure A
Corporation (VEAC)
4.
Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
Holder of
relevant
interest
VEAC
Registered
holder of
securities
Bank of New York
Mellon as custodian
for ESB Pension Fund
GDX
ME_224856240_1
Person entitled
to be registered
as holder (8)
ESB Pension Fund
GDX (ESBGDX)
Nature of
relevant
interest (6)
VEAC holds its relevant
interest by having the
power to exercise, control
the exercise of, or
influence the exercise of,
the voting powers or
disposal of the securities
to which the relevant
interest relates in the
ordinary course of
investment management
business.
Class and
number of
securities
Ordinary shares
290,393
Person’s votes
0.03%
VEAC
State Street Bank and VanEck Vectors Gold Same as above.
Miners ETF (GDX)
Trust Company as
custodian for VanEck
Vectors Gold Miners
ETF
Ordinary shares
34,383,472
3.65%
VEAC
State Street Australia VanEck Gold Miners Same as above.
Limited as custodian ETF (GDXAU)
for VanEck Gold
Miners ETF (AU)
Ordinary shares
1,082,749
0.11%
VEAC
State Street Bank and VanEck Vectors
Trust Company as
Junior Gold Miners
custodian for VanEck ETF (GDXJ)
Vectors Junior Gold
Miners ETF
Same as above.
Ordinary shares
27,106,434
2.87%
VEAC
State Street Australia VanEck Small
Limited as custodian Companies Masters
for VanEck Small
ETF (MVS.AU)
Companies Masters
ETF
Same as above.
Ordinary shares
969,783
0.1%
VEAC
State Street Custodial VanEck Gold Mining
UCITS ETF
Services (Ireland)
Limited as custodian (UCTGDIG)
for VanEck Global
Mining UCITS ETF
Same as above.
Ordinary shares
586,775
VEAC
State Street Custodial VanEck Vectors Gold Same as above.
Services (Ireland)
Miners UCITS ETF
Limited as custodian (UCTGDX)
for VanEck Vectors
Gold Miners UCITS
ETF
Ordinary shares
3,891,203
0.41%
VEAC
State Street Custodial VanEck Vectors
Services (Ireland)
Junior Gold Miners
Limited as custodian UCITS ETF
for VanEck Vectors
(UCTGDXJ)
Junior Gold Miners
UCITS ETF
Ordinary shares
3,065,450
0.33%
Ordinary shares
4,042,687
0.43%
Ordinary shares
416,024
0.04%
VEAC
VEAC
5.
Same as above.
VanEck International
State Street Bank and Investors Gold Fund Same as above.
Trust Company as
(IIG)
custodian for VanEck
International Investors
Gold Fund
State Street Bank and Van Eck VIP Global Same as above.
Trust Company as
Gold Fund (VGOLD)
custodian for Van Eck
VIP Trust – VIP Global
Gold
0.06%
Changes in association
The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in
relation to voting interests in the company or scheme are as follows:
Name and ACN/ARSN (if applicable)
6.
Addresses
The addresses of persons named in this form are as follows:
ME_224856240_1
Nature of association
Name
Address
VEAC
666 Third Avenue, New York, NY 10017
Van Eck Securities Corporation
666 Third Avenue, New York, NY 10017
Van Eck Absolute Return Advisers, Inc.
666 Third Avenue, New York, NY 10017
VanEck Australia Pty Ltd
Level 47 Suite 2, 25 Martin Place, Sydney NSW 2000
VanEck Investments Limited
Level 47 Suite 2, 25 Martin Place, Sydney NSW 2000
VanEck Asset Management B.V.
Barbara Strozzilaan 310, 1083 HN Amsterdam, Netherlands
Signature
print name
Ashley Sousa
sign here
capacity
AVP, Portfolio Operations
date
25/03/2025
DIRECTIONS
(1)
If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and
trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar,
they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
is clearly set out in paragraph 6 of the form.
(2)
See the definition of "associate" in section 9 of the Corporations Act 2001.
(3)
See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4)
The voting shares of a company constitute one class unless divided into separate classes.
(5)
The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6)
Include details of:
(a)
any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy
of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract,
scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
(b)
any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the
securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7)
Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may,
become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a
contingency. Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they
are not paid directly to the person from whom the relevant interest was acquired.
(8)
If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write “unknown’”.
(9)
Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.
ME_224856240_1
This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.
Holder of relevant
interest
Date of Acquisition B/S
GDX
12/23/2024 B
GDX
12/24/2024 B
GDX
01/10/2025 S
GDX
01/13/2025 S
GDX
01/14/2025 S
GDX
01/15/2025 S
GDX
01/17/2025 S
GDX
01/21/2025 S
GDX
01/22/2025 S
GDX
01/23/2025 S
GDX
01/24/2025 S
GDX
01/27/2025 S
GDX
01/28/2025 S
GDX
01/30/2025 S
GDX
02/03/2025 S
GDX
02/04/2025 S
GDX
02/05/2025 S
GDX
02/06/2025 S
GDX
02/07/2025 S
GDX
02/10/2025 S
GDX
02/11/2025 S
GDX
02/12/2025 S
GDX
02/13/2025 S
GDX
02/14/2025 S
GDX
02/18/2025 S
GDX
02/19/2025 S
GDX
02/20/2025 S
GDX
02/24/2025 S
GDX
02/26/2025 S
GDX
02/27/2025 S
GDX
02/28/2025 S
GDX
03/13/2025 B
GDX
03/19/2025 S
GDX
03/20/2025 S
GDX
03/21/2025 S
GDX
03/21/2025 S
GDX
03/24/2025 S
GDXJ
12/23/2024 S
GDXJ
01/13/2025 S
GDXJ
01/14/2025 S
GDXJ
01/14/2025 B
GDXJ
01/22/2025 S
GDXJ
01/23/2025 S
Page
Consideration
Cash
Consideration
Non-Cash
Number of Securities
In-Kind
26,785
In-Kind
63,528
In-Kind
238,230
In-Kind
185,290
In-Kind
31,758
In-Kind
121,739
In-Kind
68,809
In-Kind
21,172
In-Kind
269,943
In-Kind
190,548
In-Kind
37,051
In-Kind
68,809
In-Kind
365,148
In-Kind
121,716
In-Kind
185,220
In-Kind
216,972
In-Kind
338,688
In-Kind
132,300
In-Kind
105,840
In-Kind
148,176
In-Kind
328,042
In-Kind
132,275
In-Kind
42,328
In-Kind
63,492
In-Kind
132,275
In-Kind
74,074
In-Kind
312,169
In-Kind
290,950
In-Kind
126,960
In-Kind
31,740
In-Kind
74,060
In-Kind
15,906
In-Kind
132,800
In-Kind
37,184
In-Kind
212,480
953,298.78
322,286
In-Kind
115,434
In-Kind
236,745
In-Kind
46,140
In-Kind
292,182
1,521,447.65
580,299
In-Kind
140,814
In-Kind
531,590
1 of 3
This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.
Holder of relevant
interest
Date of Acquisition B/S
GDXJ
01/24/2025 S
GDXJ
01/28/2025 S
GDXJ
02/04/2025 S
GDXJ
02/05/2025 S
GDXJ
02/11/2025 S
GDXJ
02/18/2025 S
GDXJ
02/19/2025 S
GDXJ
02/24/2025 S
GDXJ
02/26/2025 S
GDXJ
02/28/2025 S
GDXJ
03/20/2025 S
GDXJ
03/21/2025 S
GDXJ
03/21/2025 S
GDXJ
03/24/2025 B
UCTGDX
12/23/2024 S
UCTGDX
12/24/2024 S
UCTGDX
01/10/2025 S
UCTGDX
01/28/2025 B
UCTGDX
02/05/2025 B
UCTGDX
02/12/2025 B
UCTGDX
02/18/2025 S
UCTGDX
02/19/2025 S
UCTGDX
02/25/2025 B
UCTGDX
02/26/2025 S
UCTGDX
02/28/2025 B
UCTGDX
03/05/2025 B
UCTGDX
03/06/2025 B
UCTGDX
03/12/2025 B
UCTGDX
03/13/2025 S
UCTGDX
03/14/2025 B
UCTGDX
03/18/2025 B
UCTGDX
03/21/2025 S
UCTGDX
03/21/2025 S
UCTGDX
03/24/2025 B
UCTGDXJ
01/14/2025 B
UCTGDXJ
01/20/2025 B
UCTGDXJ
02/28/2025 S
UCTGDXJ
03/05/2025 B
UCTGDXJ
03/07/2025 B
UCTGDXJ
03/11/2025 S
UCTGDXJ
03/12/2025 B
UCTGDXJ
03/19/2025 S
UCTGDXJ
03/21/2025 S
Page
Consideration
Cash
Consideration
Non-Cash
Number of Securities
In-Kind
140,715
In-Kind
78,175
In-Kind
109,382
In-Kind
109,410
In-Kind
281,142
In-Kind
187,476
In-Kind
328,104
In-Kind
46,860
In-Kind
62,492
In-Kind
140,607
In-Kind
46,920
In-Kind
359,720
7,464,940.64
2,523,706
154,992.69
52,006
85,511.71
29,798
187,776.22
66,125
62,437.85
23,743
43,678.82
17,332
113,489.15
46,894
389,470.71
160,268
303,324.16
124,831
137,057.39
54,610
119,827.90
47,546
187,705.68
77,249
193,904.68
77,249
58,226.19
23,862
45,160.23
17,849
29,491.31
12,086
25,073.47
9,498
17,538.39
6,197
17,379.32
5,891
17,904.14
6,049
148,950.06
50,326
50,921.46
17,619
108,578.42
41,438
43,101.45
16,134
71,589.15
28,523
60,771.84
24,904
35,565.74
14,282
71,443.37
29,283
71,323.45
29,228
85,852.13
29,007
859,601.63
290,435
2 of 3
This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.
Holder of relevant
Consideration Consideration
interest
Date of Acquisition B/S
Cash
Non-Cash
Number of Securities
UCTGDXJ
03/21/2025 S
77,328.19
26,127
MVSAU
12/31/2024 S
43,121.63
15,239
MVSAU
01/15/2025 B
In-Kind
13,480
MVSAU
01/16/2025 B
In-Kind
13,479
MVSAU
01/21/2025 S
2,027.48
751
MVSAU
02/25/2025 B
5,736.09
2,276
MVSAU
02/28/2025 B
5,168.09
2,059
MVSAU
03/06/2025 B
8,246.09
3,259
MVSAU
03/11/2025 B
In-Kind
13,583
MVSAU
03/13/2025 B
4,380.20
1,659
MVSAU
03/17/2025 S
In-Kind
13,603
MVSAU
03/21/2025 S
47,718.16
16,121
MVSAU
03/24/2025 B
In-Kind
13,331
UCTGDIG
01/08/2025 S
35,458.51
12,104
UCTGDIG
01/24/2025 S
39,460.77
15,064
UCTGDIG
02/18/2025 S
52,838.39
21,748
UCTGDIG
02/19/2025 S
76,880.39
30,635
UCTGDIG
03/07/2025 S
65,405.83
26,272
UCTGDIG
03/11/2025 S
15,488.85
6,349
UCTGDIG
03/14/2025 S
457,036.41
162,141
UCTGDIG
03/17/2025 S
245,552.60
83,538
UCTGDIG
03/24/2025 S
26,906.97
9,312
GDXAU
01/03/2025 S
18,575.35
6,406
GDXAU
01/17/2025 B
8,617.02
3,203
GDXAU
02/06/2025 S
25,857.68
10,303
GDXAU
02/18/2025 B
3,890.86
1,601
GDXAU
02/24/2025 B
7,845.76
3,202
GDXAU
03/03/2025 B
5,565.74
2,244
GDXAU
03/12/2025 B
7,828.38
3,208
GDXAU
03/13/2025 B
4,311.55
1,633
GDXAU
03/18/2025 B
18,973.35
6,431
GDXAU
03/18/2025 B
18,973.54
6,431
GDXAU
03/19/2025 B
19,040.81
6,432
GDXAU
03/20/2025 B
9,485.30
3,215
GDXAU
03/21/2025 S
39,669.92
13,402
GDXAU
03/24/2025 B
9,182.45
3,177
GDXAU
03/24/2025 B
18,359.30
6,352
ESBGDX
03/14/2025 S
237,402.49
83,892
ESBGDX
03/21/2025 S
9,162.33
3,096
In-Kind transactions result from receiving a basket of securities (including WESTGOLD
RESOURCES LTD) in exchange for securities.
Page
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