Westgold Resources Sees L1 Capital Lift Stake to 11.86% Via On-Market Purchases

Aakashdeep

02 November 2026 06:10 PM AEDT

Westgold Resources Sees L1 Capital Lift Stake to 11.86% Via On-Market Purchases

Image Source: Krish Capital Pty Ltd

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Westgold Resources Limited (ASX:WGX) has received a notice of change of interests of substantial holder from L1 Capital Pty Ltd, disclosing that the Melbourne-based investment manager increased its relevant interest in the company from 10.68% to 11.86%, representing 111,511,330 votes based on issued capital of 944,091,836 shares.

Key Points

L1 Capital Pty Ltd raised its relevant interest in Westgold Resources from 10.68% to 11.86% of voting power
The present holding equates to 111,511,330 votes, up from a previous 100,804,200 votes
All changes were effected through on-market purchases across 14 transactions between 17 September and 2 November 2026
The previous substantial holding notice was given to Westgold Resources on 14 September 2026 and dated 14 September 2026

On-Market Purchase Transactions Between September and November 2026

According to the filing, L1 Capital Pty Ltd conducted 14 separate on-market purchases of Westgold Resources ordinary fully paid shares (FPO) between 17 September 2026 and 2 November 2026. The transactions ranged in size from 107,805 shares acquired on 28 September 2026 for $577,694.65 to 2,731,449 shares acquired on 17 September 2026 for $14,597,992.07. The filing lists each transaction individually in Annexure A, with consideration amounts and share quantities disclosed for every purchase date.

Aggregate Consideration and Total Securities Acquired

Across the 14 on-market purchase transactions disclosed in Annexure A, L1 Capital Pty Ltd acquired a total of 10,707,130 additional fully paid ordinary shares in Westgold Resources. The aggregate consideration paid across all transactions totalled amounts individually disclosed per transaction in the annexure, with individual purchases ranging from $577,694.65 to $14,597,992.07. The nature of change recorded for all transactions was on-market purchase, with L1 Capital Pty Ltd identified as the person whose relevant interest changed in each instance.

Voting Power Calculation Based on Issued Capital

The filing states the present voting power of 11.86% was calculated based on issued capital of 944,091,836 shares in Westgold Resources Limited. The previous voting power of 10.68% was calculated based on issued capital of 940,434,918 shares. The change in the interests of the substantial holder occurred on 29 October 2026, as recorded in the Form 604 lodged with the company. The form was signed by Jane Stewart in her capacity as Head of Legal and Compliance for L1 Capital Pty Ltd, with the notice dated 2 November 2026.

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