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
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
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)
78,086,849
Date of
change
Class and number of
securities affected
Person's votes
Voting power (5)
FPO
Class of securities (4)
28/05/2026
3/03/2026
3/03/2026
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
8.26%
Person's votes Voting power (5) Person's votes
66,756,953 7.07%
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
1/06/2026
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 1/06/2026
Changes in relevant interests
9/03/2026 On-Market Purchase 3,735,199.60 600,000 FPO 600,000
11/03/2026 On-Market Sale 5,628,742.65 876,458 FPO 876,458
20/03/2026 On-Market Purchase 4,126,200.00 780,000 FPO 780,000
23/03/2026 On-Market Purchase 2,657,772.04 534,226 FPO 534,226
24/03/2026 On-Market Purchase 4,194,916.79 812,095 FPO 812,095
25/03/2026 On-Market Purchase 499,073.64 91,688 FPO 91,688
26/03/2026 On-Market Purchase 412,500.00 75,000 FPO 75,000
27/03/2026 On-Market Purchase 1,766,471.78 326,687 FPO 326,687
1/04/2026 On-Market Purchase 156,293.92 24,848 FPO 24,848
2/04/2026 On-Market Purchase 7,902,968.32 1,300,000 FPO 1,300,000
7/04/2026 On-Market Purchase 1,325,349.11 215,469 FPO 215,469
14/04/2026 On-Market Sale 1,295,517.48 199,978 FPO 199,978
21/04/2026 On-Market Sale 5,622,008.58 872,116 FPO 872,116
23/04/2026 On-Market Purchase 852,622.98 137,742 FPO 137,742
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
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
L1 Capital Pty Ltd
Date of change
Person whose relevant
interest changed
24/04/2026 On-Market Purchase 293,181.00 48,300 FPO 48,300
27/04/2026 On-Market Purchase 550,734.20 89,260 FPO 89,260
28/04/2026 On-Market Purchase 2,434,531.75 399,855 FPO 399,855
30/04/2026 On-Market Purchase 3,308,312.50 617,114 FPO 617,114
11/05/2026 On-Market Purchase 1,321,955.34 236,342 FPO 236,342
12/05/2026 On-Market Purchase 4,997,014.12 871,036 FPO 871,036
21/05/2026 On-Market Purchase 6,425,133.00 1,280,000 FPO 1,280,000
22/05/2026 On-Market Purchase 2,672,433.76 536,781 FPO 536,781
25/05/2026 On-Market Purchase 2,050,000.00 400,000 FPO 400,000
26/05/2026 On-Market Purchase 3,555,792.60 688,440 FPO 688,440
27/05/2026 On-Market Purchase 1,351,100.32 258,972 FPO 258,972
28/05/2026 On-Market Purchase 13,552,335.93 2,759,044 FPO 2,759,044
29/05/2026 On-Market Purchase 1,003,166.37 195,549 FPO 195,549
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 1/06/2026
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.
14,116,340 FPO
as above 22,252,365 FPO
as above 16,986,796 FPO
as above 24,731,348 FPO
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
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
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