Change in substantial holding
To Company Name/ Scheme Westgold Resources Limited
ACN/ ARSN 009 260 306
1. Details of substantial holder (1)
Name L1 Capital Pty Ltd
ACN/ ARSN (if applicable) 125 378 145
There was a change in the interests of the substantial holder on
The previous notice was given to the company on
The previous notice was dated
2. Previous and present voting power
*Based on issued capital of 944,831,564 shares
3. Changes in relevant interests
See
Annexure A
4. Present relevant interests
Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:
See
Annexure B
Person's votes
Voting power (5)
FPO
Class of securities (4)
27/02/2026
13/10/2025
13/10/2025
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:
Present notice
Previous notice
7.07%
Person's votes Voting power (5) Person's votes
88,194,356 9.33%
Form 604
Corporations Act 2001
Section 671B
Notice of change of interests of substantial holder
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:
Person's votes affected
Person whose relevant interest
changed Nature of change (6)
Consideration given in
relation to change (7)
66,756,953
Date of
change
Class and number of
securities affected
Holder of
relevant
interest Registered Holder of securities
Person entitled to be
registered as holder (8) Nature of relevant interest
Class and number of
securities
5. Changes in association
6. Addresses
The addresses of persons named in this form are as follows:
Signature
Print name Capacity
Sign here Date
DIRECTIONS
(1)
(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)
(b)
See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7)
(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.
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 of 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.
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.
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).
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:
Nature of association
Name
L1 Capital Pty Ltd
Address
Name and ACN/ ARSN (if applicable)
N/A
Level 45, 101 Collins Street, Melbourne, VIC, 3000
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
3/03/2026
Jane Stewart Head of Legal and Compliance
Annexure A
L1 Capital Pty Ltd (ACN 125 378 145) change in substantial holding in Westgold Resources Limited
This is Annexure "A" of 2 pages referred to in the Form 604 (Notice of Change of interests of Substantial Holder)
Print Name Jane Stewart Capacity Head of Legal and Compliance
Sign Here Date 3/03/2026
Changes in relevant interests
14/10/2025 On-Market Sale 6,461,963.91
$ 1,149,198 FPO 1,149,198
15/10/2025 On-Market Sale 1,383,480.50
$ 247,298 FPO 247,298
16/10/2025 On-Market Sale 5,215,709.99
$ 917,976 FPO 917,976
17/10/2025 On-Market Sale 7,299,210.14
$ 1,250,983 FPO 1,250,983
20/10/2025 On-Market Sale 2,365,429.30
$ 426,447 FPO 426,447
21/10/2025 On-Market Sale 2,029,305.85
$ 359,290 FPO 359,290
28/10/2025 On-Market Purchase 175,759.05
$ 35,743 FPO 35,743
31/10/2025 On-Market Purchase 3,105,495.70
$ 584,111 FPO 584,111
3/11/2025 On-Market Purchase 2,234,641.96
$ 420,686 FPO 420,686
4/11/2025 On-Market Purchase 994,486.82
$ 186,709 FPO 186,709
28/11/2025 On-Market Purchase 1,705,460.66
$ 277,613 FPO 277,613
2/12/2025 On-Market Purchase 409,456.58
$ 68,471 FPO 68,471
3/12/2025 On-Market Sale 1,829,937.63
$ 307,310 FPO 307,310
5/12/2025 On-Market Sale 298,420.06
$ 50,317 FPO 50,317
10/12/2025 On-Market Sale 2,664,309.15
$ 450,617 FPO 450,617
Date of change
Person whose relevant
interest changed Nature of change (6) Consideration given in relation to change (7)
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
Class and number of
securities affected
Person's votes
affected
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
11/12/2025 On-Market Sale 3,364,406.28
$ 558,860 FPO 558,860
29/12/2025 On-Market Purchase 1,320,735.32
$ 204,334 FPO 204,334
30/12/2025 On-Market Purchase 672,611.87
$ 105,473 FPO 105,473
31/12/2025 On-Market Purchase 506,113.16
$ 78,589 FPO 78,589
2/01/2026 On-Market Purchase 385,835.22
$ 59,903 FPO 59,903
5/01/2026 On-Market Purchase 703,179.04
$ 108,917 FPO 108,917
21/01/2026 On-Market Sale 17,394,180.62
$ 2,318,376 FPO 2,318,376
28/01/2026 On-Market Sale 2,516,142.87
$ 327,210 FPO 327,210
29/01/2026 On-Market Sale 3,363,755.08
$ 433,499 FPO 433,499
30/01/2026 On-Market Purchase 2,866,065.32
$ 389,422 FPO 389,422
2/02/2026 On-Market Purchase 2,952,951.83
$ 427,078 FPO 427,078
3/02/2026 On-Market Purchase 2,174,644.22
$ 311,921 FPO 311,921
13/02/2026 On-Market Sale 13,531,640.76
$ 1,907,208 FPO 1,907,208
27/02/2026 On-Market Sale 36,623,158.27
$ 4,690,028 FPO 4,690,028
2/03/2026 On-Market Sale 6,122,045.52
$ 761,393 FPO 761,393
3/03/2026 On-Market Sale 68,387,214.77
$ 8,540,363 FPO 8,540,363
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
L1 Capital Pty Ltd
Annexure B
L1 Capital Pty Ltd (ACN 125 378 145) change in substantial holding in Westgold Resources Limited
This is Annexure "B" of 1 page referred to in the Form 604 (Notice of Change of interests of Substantial Holder)
Print Name Jane Stewart Capacity Head of Legal and Compliance
Sign Here Date 3/03/2026
Details of present relevant interests
Power to (or to control)
exercise vote and/or dispose of
the securities as discretionary
investment managers or
advisers of superannuation
funds, pooled superannuation
trusts, managed investment
schemes and investment
management agreements.
14,217,524 FPO
as above 19,947,985 FPO
as above 15,706,798 FPO
as above 16,884,646 FPO
Holder of relevant interest Registered holder of securities Persons entitled to be a registered holder
Class and number of
securities
L1 Capital Pty Ltd Merrill Lynch (Australia) Nominees Pty Limited Merrill Lynch (Australia) Nominees Pty Limited
Nature of relevant
interest
L1 Capital Pty Ltd JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A.
L1 Capital Pty Ltd Morgan Stanley & Co. International PLC Morgan Stanley & Co. International PLC
L1 Capital Pty Ltd Goldman Sachs International Goldman Sachs International
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