1. Exit Case:
Overview Sims Limited (ASX: SGM) is a global metal recycling and resource recovery, specializing in the processing and trading of ferrous and non-ferrous metals. Headquartered in Australia, the company operates a network of facilities across Australia, North America, and the UK.
SGM has been a part of the ‘Value Model Portolio’ since 02 February 2023, however, considering the recent rally, trading near the resistance in the stock, support & resistance levels, and ~16.85% upside from the entry price, an ‘Exit’ is recommended from the stock near the resistance of AUD 18.03, as on December 31, 2025, at 1:52 PM AEDT.

Sims Limited (ASX: SGM) part of Kalkine’s Value Model Portfolio, has reached near its resistance level around which an exit case emerges.
1.1 Support and Resistance Summary as provided in our last published report dated 02 September 2024.

1.2 Sims Limited (ASX: SGM)

One Year Technical Price Chart (as of 31 December 2025). Source: REFINITIV, Analysis: Kalkine Group
2. New Entry Case: Westgold Resources Limited (ASX: WGX)
Overview: Westgold Resources Limited (ASX: WGX) is a Western Australia-based gold explorer, developer, and miner focused on the Murchison and Southern Goldfields regions. The company holds tenure over more than 3,200 km² and operates underground mines along with processing plants. With a focus on sustainable mining practices, Westgold is committed to maximising the potential of its extensive resource base while contributing to the local economy.

Technical Analysis: On the daily chart, WGX is trading above a key rising trendline support, maintaining its position within a well-defined upward structure. The 14-period Relative Strength Index (RSI) stands at 61.69, indicating healthy bullish momentum while remaining below overbought levels. Moreover, the stock continues to trade above its 21-period Simple Moving Average (SMA), which may act as dynamic support and help cushion any near-term pullbacks.
Considering the above mentioned factors, technical analysis, support & resistance levels, an ‘Entry’ is recommended in the ‘Value Model Portfolio’ at the current market price of AUD 6.435, as on December 31, 2025, at 1:52 PM AEDT.
Westgold Resources Limited (ASX: WGX) has been identified as the new entry to our Value Model Portfolio.
2.1 Support and Resistance Summary as on 31 December 2025

2.2 One Year Technical Price Chart (ASX: WGX)

One Year Technical Price Chart (as of 31 December 2025). Source: REFINITIV, Analysis: Kalkine Group
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency as of (31 December 2025).The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.
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Past performance is not a reliable indicator of future performance.