{"collection_queue":{},"coverage":{"basis":"declared","collection_issues":[],"coverage_start":"2023-01-01","explained_count":2,"material_issue_count":0,"minor_discrepancy_count":1,"newer_pending_count":0,"note":"Complete for all substantial-holder notices and relevant context in the successfully refreshed inventory through cutoff. Franklin\u2019s five disclosed purchases and position, the single 240,000,000-share Westgold-group project issue, and the Big Bell group position are recorded without duplication. The initial 100 shares remain unattributed; the one-day/direct-recipient difference and Franklin\u2019s four-month opening-balance limitation are disclosed.","notice_count":3,"pending_notice_count":0,"required_context_count":0,"reviewed_at":"2026-11-01T12:03:26Z","reviewed_notice_count":3,"reviewed_through":"2026-11-01","status":"complete","unclassified_note_count":0},"entities":{"anthony_chamberlain":{"entity_id":"anthony_chamberlain","investor_id":null,"kind":"person","management_id":null,"name":"Anthony Chamberlain","notes":[],"relationships":[],"roles":[{"end_date":null,"role":"director","source_ids":["2924-03072962-6A1318209"],"start_date":"2025-12-01"}]},"big_bell":{"entity_id":"big_bell","investor_id":null,"kind":"company","management_id":null,"name":"Big Bell Gold Operations Pty Ltd","notes":[],"relationships":[{"entity_id":"westgold","relationship":"Wholly-owned subsidiary of Westgold Resources Limited; Westgold\u2019s reported interest is through control of Big Bell.","source_ids":["2924-03141442-6A1346327","2924-03072958-6A1318206"]}],"roles":[{"end_date":null,"role":"registered holder of 240,000,100 ordinary shares","source_ids":["2924-03072958-6A1318206","2924-03072035-6A1317838"],"start_date":"2026-03-19"}]},"brendan_tritton":{"entity_id":"brendan_tritton","investor_id":null,"kind":"person","management_id":null,"name":"Brendan Tritton","notes":[],"relationships":[],"roles":[{"end_date":null,"role":"director","source_ids":["2924-03072962-6A1318209"],"start_date":"2025-11-17"}]},"derek_la_ferla":{"entity_id":"derek_la_ferla","investor_id":null,"kind":"person","management_id":null,"name":"Derek La Ferla","notes":[],"relationships":[{"entity_id":"luava","relationship":"Director notice reports indirect interests held through Luava Pty Ltd <The D N La Ferla Family Trust>.","source_ids":["2924-03072962-6A1318209"]}],"roles":[{"end_date":null,"role":"director","source_ids":["2924-03072962-6A1318209"],"start_date":"2025-12-01"}]},"franklin_advisers":{"entity_id":"franklin_advisers","investor_id":null,"kind":"company","management_id":null,"name":"Franklin Advisers, Inc.","notes":[],"relationships":[{"entity_id":"franklin_resources","relationship":"Related body corporate in the Franklin composite substantial-holder notice; it reports disposal rights under investment management agreements.","source_ids":["2924-03119713-6A1338030"]},{"entity_id":"jpmorgan_chase_bank","relationship":"The Form 603 identifies JPMorgan Chase Bank, N.A. as registered holder for Franklin Advisers\u2019 reported share interest.","source_ids":["2924-03119713-6A1338030"]}],"roles":[]},"franklin_resources":{"entity_id":"franklin_resources","investor_id":null,"kind":"reporting_group","management_id":null,"name":"Franklin Resources, Inc. and affiliates","notes":[],"relationships":[{"entity_id":"franklin_advisers","relationship":"Franklin Advisers is included in the composite notice and reports the relevant interest in the shares.","source_ids":["2924-03119713-6A1338030"]},{"entity_id":"jpmorgan_chase_bank","relationship":"Registered holder of the 27,403,800 shares reported for the Franklin composite holder.","source_ids":["2924-03119713-6A1338030"]}],"roles":[{"end_date":null,"role":"substantial holder","source_ids":["2924-03119713-6A1338030"],"start_date":"2026-08-07"}]},"jpmorgan_chase_bank":{"entity_id":"jpmorgan_chase_bank","investor_id":null,"kind":"nominee_custodian","management_id":null,"name":"JPMorgan Chase Bank, N.A.","notes":["The holder notice identifies the bank as the registered holder of 27,403,800 ordinary shares."],"relationships":[],"roles":[{"end_date":null,"role":"registered holder of the Franklin-reported shares","source_ids":["2924-03119713-6A1338030"],"start_date":"2026-08-07"}]},"luava":{"entity_id":"luava","investor_id":null,"kind":"company","management_id":null,"name":"Luava Pty Ltd <The D N La Ferla Family Trust>","notes":[],"relationships":[{"entity_id":"derek_la_ferla","relationship":"Reported as the account holder for Derek La Ferla\u2019s indirect ordinary-share and performance-right interests.","source_ids":["2924-03072962-6A1318209"]}],"roles":[]},"simon_rigby":{"entity_id":"simon_rigby","investor_id":null,"kind":"person","management_id":null,"name":"Simon Rigby","notes":[],"relationships":[],"roles":[{"end_date":null,"role":"director","source_ids":["2924-03072962-6A1318209"],"start_date":"2025-10-14"}]},"westgold":{"entity_id":"westgold","investor_id":null,"kind":"company","management_id":null,"name":"Westgold Resources Limited","notes":[],"relationships":[{"entity_id":"big_bell","relationship":"Big Bell Gold Operations Pty Ltd is a wholly-owned subsidiary; Westgold reports control interest in the same 240,000,100 shares.","source_ids":["2924-03141442-6A1346327","2924-03072958-6A1318206"]}],"roles":[{"end_date":null,"role":"substantial holder through controlled subsidiary","source_ids":["2924-03072958-6A1318206"],"start_date":"2026-03-19"}]}},"errors":[],"events":[{"account_entity_id":null,"cash_amount":672966,"consideration_basis":"cash","consideration_details":"Annexure explicitly states AUD cash and acquisition on stock exchange.","contract_details":"","currency":"AUD","date":"2026-08-07","date_end":null,"economic_event_id":"val-franklin-20260807-row5","entity_id":"franklin_advisers","event_id":"val-franklin-20260807-row5","event_type":"purchase","exercise_price":null,"expiry_date":null,"holding_after":null,"holding_before":null,"interest_type":"control","notes":"Investment-manager relevant interest; not an assertion of beneficial ownership.","original_wording":"Cash (AUD) acquisition; ordinary course on stock exchange.","percentage":null,"percentage_basis":null,"price":0.21992353,"price_basis":"calculated_average","quantity":3060000,"quantity_acquired":3060000,"quantity_disposed":0,"reconciliation_note":"","security_class":"Ordinary shares","source_refs":[{"locator":"Annexure B acquisition row 5","page":7,"source_id":"2924-03119713-6A1338030"}],"supersedes":[],"venue":"on_market","view":"major_holders"},{"account_entity_id":null,"cash_amount":16400,"consideration_basis":"cash","consideration_details":"Annexure explicitly states AUD cash and acquisition on stock exchange.","contract_details":"","currency":"AUD","date":"2026-07-02","date_end":null,"economic_event_id":"val-franklin-20260807-row4","entity_id":"franklin_advisers","event_id":"val-franklin-20260807-row4","event_type":"purchase","exercise_price":null,"expiry_date":null,"holding_after":null,"holding_before":null,"interest_type":"control","notes":"Investment-manager relevant interest; not an assertion of beneficial ownership.","original_wording":"Cash (AUD) acquisition; ordinary course on stock exchange.","percentage":null,"percentage_basis":null,"price":0.205,"price_basis":"calculated_average","quantity":80000,"quantity_acquired":80000,"quantity_disposed":0,"reconciliation_note":"","security_class":"Ordinary shares","source_refs":[{"locator":"Annexure B acquisition row 4","page":7,"source_id":"2924-03119713-6A1338030"}],"supersedes":[],"venue":"on_market","view":"major_holders"},{"account_entity_id":null,"cash_amount":32676,"consideration_basis":"cash","consideration_details":"Annexure explicitly states AUD cash and acquisition on stock exchange.","contract_details":"","currency":"AUD","date":"2026-05-15","date_end":null,"economic_event_id":"val-franklin-20260807-row3","entity_id":"franklin_advisers","event_id":"val-franklin-20260807-row3","event_type":"purchase","exercise_price":null,"expiry_date":null,"holding_after":null,"holding_before":null,"interest_type":"control","notes":"Investment-manager relevant interest; not an assertion of beneficial ownership.","original_wording":"Cash (AUD) acquisition; ordinary course on stock exchange.","percentage":null,"percentage_basis":null,"price":0.2723,"price_basis":"calculated_average","quantity":120000,"quantity_acquired":120000,"quantity_disposed":0,"reconciliation_note":"","security_class":"Ordinary shares","source_refs":[{"locator":"Annexure B acquisition row 3","page":7,"source_id":"2924-03119713-6A1338030"}],"supersedes":[],"venue":"on_market","view":"major_holders"},{"account_entity_id":null,"cash_amount":36401.64,"consideration_basis":"cash","consideration_details":"Annexure explicitly states AUD cash and acquisition on stock exchange.","contract_details":"","currency":"AUD","date":"2026-05-14","date_end":null,"economic_event_id":"val-franklin-20260807-row2","entity_id":"franklin_advisers","event_id":"val-franklin-20260807-row2","event_type":"purchase","exercise_price":null,"expiry_date":null,"holding_after":null,"holding_before":null,"interest_type":"control","notes":"Investment-manager relevant interest; not an assertion of beneficial ownership.","original_wording":"Cash (AUD) acquisition; ordinary course on stock exchange.","percentage":null,"percentage_basis":null,"price":0.2783,"price_basis":"calculated_average","quantity":130800,"quantity_acquired":130800,"quantity_disposed":0,"reconciliation_note":"","security_class":"Ordinary shares","source_refs":[{"locator":"Annexure B acquisition row 2","page":7,"source_id":"2924-03119713-6A1338030"}],"supersedes":[],"venue":"on_market","view":"major_holders"},{"account_entity_id":null,"cash_amount":3607.5,"consideration_basis":"cash","consideration_details":"Annexure explicitly states AUD cash and acquisition on stock exchange.","contract_details":"","currency":"AUD","date":"2026-05-04","date_end":null,"economic_event_id":"val-franklin-20260807-row1","entity_id":"franklin_advisers","event_id":"val-franklin-20260807-row1","event_type":"purchase","exercise_price":null,"expiry_date":null,"holding_after":null,"holding_before":null,"interest_type":"control","notes":"Investment-manager relevant interest; not an assertion of beneficial ownership.","original_wording":"Cash (AUD) acquisition; ordinary course on stock exchange.","percentage":null,"percentage_basis":null,"price":0.2775,"price_basis":"calculated_average","quantity":13000,"quantity_acquired":13000,"quantity_disposed":0,"reconciliation_note":"","security_class":"Ordinary shares","source_refs":[{"locator":"Annexure B acquisition row 1","page":7,"source_id":"2924-03119713-6A1338030"}],"supersedes":[],"venue":"on_market","view":"major_holders"},{"account_entity_id":null,"cash_amount":null,"consideration_basis":"non_cash","consideration_details":"Issued under the demerger agreement as consideration for the Reedy and Comet Projects; no cash consideration is stated.","contract_details":"Restricted securities held in voluntary escrow until 27 March 2028.","currency":null,"date":"2026-03-18","date_end":"2026-03-19","economic_event_id":"val-westgold-demerger-issue-240000000","entity_id":"westgold","event_id":"val-westgold-demerger-issue-240000000","event_type":"subscription","exercise_price":null,"expiry_date":null,"holding_after":null,"holding_before":null,"interest_type":"not_disclosed","notes":"Recorded once at Westgold group level. The annual report identifies the 240,000,000 issue to Westgold on 18 March; the Westgold Form 603 identifies Big Bell as registered holder and gives a 19 March acquisition row. The report does not assign the legal account at the exact issue date. The 100 incorporation shares are separate and their original allottee is unnamed; no additional event is inferred.","original_wording":"Annual report: \u201c18 March 2026 \u2013 Issued to Westgold Resources Limited\u201d; \u201cIssued under demerger agreement as consideration for the Reedy and Comet Projects.\u201d Westgold Form 603: \u201c19 March 2026\u201d; \u201cShares issued to BBGO following the incorporation of Valiant and in consideration for the acquisition of the Reedy Project and Comet Project by Valiant.\u201d","percentage":null,"percentage_basis":null,"price":null,"price_basis":"not_disclosed","quantity":240000000,"quantity_acquired":240000000,"quantity_disposed":0,"reconciliation_note":"The annual report dates the 240,000,000-share non-cash demerger issue to Westgold on 18 March 2026; the holder notice dates its related acquisition row to 19 March and names BBGO. The annual report confirms BBGO is wholly owned by Westgold. The one-day/date-recipient difference is preserved as an 18\u201319 March range and a group-level event; it does not change the 240,000,000 quantity or project-consideration classification.","reconciliation_status":"minor_discrepancy","security_class":"Ordinary shares","source_refs":[{"locator":"Note 15, 18 March 2026 issue of 240,000,000 shares to Westgold","page":33,"source_id":"2924-03141442-6A1346327"},{"locator":"Form 603 section 5, 19 March acquisition row and non-cash project consideration","page":2,"source_id":"2924-03072958-6A1318206"},{"locator":"Substantial-holder table; Big Bell is wholly-owned by Westgold","page":46,"source_id":"2924-03141442-6A1346327"},{"locator":"Form 603 sections 1\u20134, Big Bell registered holder and Westgold control interest","page":1,"source_id":"2924-03072958-6A1318206"}],"supersedes":[],"venue":"off_market","view":"major_holders"}],"facets":{"entities":["franklin_advisers","franklin_resources","westgold"],"event_types":["purchase","subscription"],"securities":["Ordinary shares"]},"filters":{"end":"","entity":"","security":"","start":"","type":"","view":"major_holders"},"holdings":[{"account_entity_id":"jpmorgan_chase_bank","date":"2026-08-07","date_end":null,"entity_id":"franklin_resources","holding_after":27403800,"holding_before":null,"interest_type":"indirect","notes":"Franklin Resources and its related adviser report one 27,403,800-share position; JPMorgan Chase Bank, N.A. is the registered holder. The five Annexure B purchases total 3,403,800 shares. The notice reports the aggregate position separately; do not add the manager and group interests.","observation_id":"val-franklin-position-20260807","observation_type":"position","percentage":5.07,"percentage_basis":"voting_power","quantity":27403800,"reconciliation_note":"The five Annexure B transactions total 3,403,800 shares, while section 2 reports 27,403,800 shares on 7 August 2026, a 24,000,000-share difference. Sections 2 and 5 and Annexure B describe an initial substantial-holder notice whose transaction schedule covers acquisitions only in the preceding four months. The opening balance and older acquisition dates are not stated; leave the opening balance null and infer no additional trades.","reconciliation_status":"explained","security_class":"Ordinary shares","source_refs":[{"locator":"Form 603 sections 1\u20134, initial position and voting power","page":1,"source_id":"2924-03119713-6A1338030"},{"locator":"Annexure B, five acquisition rows and registered holder","page":7,"source_id":"2924-03119713-6A1338030"},{"locator":"Substantial-holder table and JPMorgan registered-holder footnote","page":46,"source_id":"2924-03141442-6A1346327"}],"supersedes":[],"view":"major_holders"},{"account_entity_id":"big_bell","date":"2026-03-19","date_end":null,"entity_id":"westgold","holding_after":240000100,"holding_before":null,"interest_type":"control","notes":"Form 603 reports Big Bell as the registered holder of 240,000,100 shares on 19 March and Westgold as controller; the Top 20 register confirms Big Bell\u2019s balance. The annual report identifies 100 shares at incorporation and a separate 240,000,000-share demerger issue to Westgold. Valiant\u2019s own Form 603 is disclosure-only, with no voting or acquisition rights. The original allottee of the 100 shares and their route into Big Bell\u2019s account are not disclosed; no separate 100-share transaction is inferred.","observation_id":"val-westgold-position-20260319","observation_type":"position","percentage":44.44,"percentage_basis":"voting_power","quantity":240000100,"reconciliation_note":"The reported 240,000,100-share group position matches the annual report\u2019s 100 shares issued at incorporation plus 240,000,000 demerger shares. The original allottee of the 100 shares and any account-level transfer into Big Bell are not stated; this observation records only the disclosed point-in-time registered position and does not infer that transfer.","reconciliation_status":"explained","security_class":"Ordinary shares","source_refs":[{"locator":"Form 603 sections 1\u20134, Big Bell registered holder and Westgold control interest","page":1,"source_id":"2924-03072958-6A1318206"},{"locator":"Form 603 section 5, dated consideration row","page":2,"source_id":"2924-03072958-6A1318206"},{"locator":"Note 15, incorporation and demerger share issues","page":33,"source_id":"2924-03141442-6A1346327"},{"locator":"Substantial holders; Big Bell wholly-owned subsidiary of Westgold","page":46,"source_id":"2924-03141442-6A1346327"},{"locator":"Valiant Form 603, no acquisition or voting rights over escrow shares","page":1,"source_id":"2924-03072959-6A1318207"}],"supersedes":[],"view":"major_holders"}],"pending_count":0,"pending_ownership_count":0,"pending_support_count":0,"review":{"coverage_note":"Evidence review through 2026-11-01 of a successful ASX valuation-profile inventory covering 2023-01-01 through 2026-11-01 (9 source documents). All substantive director and substantial-holder notices in the refreshed inventory, and their relevant annual-report, register, capital, and meeting context, have reviewed dispositions. Both views are complete for disclosed notices; specific unattributed or out-of-window quantities remain unassigned and are described in the limitations.","coverage_start":"2023-01-01","cutoff_date":"2026-11-01","download_profile":"valuation","issuer_identifier":"ABN 38 691 820 532","issuer_name":"Valiant Gold Limited","limitations":["The four director ordinary-share holdings are described as acquired in the IPO; the annual report gives a company-level IPO issue date but not individual allotment dates or per-person cash consideration. Evidence-bounded dates and undisclosed prices are retained; no individual cash amount is inferred.","The annual report records 100 ordinary shares at incorporation and 240,000,000 demerger shares issued to Westgold on 18 March 2026. The Westgold Form 603 reports a 240,000,100-share Big Bell registered position and a 19 March project-consideration row. The original allottee of the 100 shares, their route into Big Bell\u2019s account, and the exact direct recipient of the 240 million issue are not separately established; the group-level position/event is supported by the documented wholly-owned relationship and no separate 100-share event is inferred.","Franklin\u2019s five Annexure B acquisitions total 3,403,800 shares, compared with a 27,403,800-share position. The notice\u2019s acquisition schedule covers only the preceding four months; the remaining 24,000,000-share opening balance and its acquisition dates are not disclosed, so no opening balance or additional trade is invented.","The September Appendix 3G names CFO Donna Lee Thornton but does not identify all other employee recipients. This directors and major-holders review does not claim completeness for non-director employee trading.","The October AGM notice proposes future incentives for Brendan Tritton and describes previously issued rights; the November meeting occurs after the cutoff, so proposals and approvals are not treated as executed grants."],"reviewed_at":"2026-11-01T12:03:26Z","schema_version":"1.1.0","ticker":"VAL","view_coverage":{"directors":{"coverage_start":"2023-01-01","note":"Complete for director-interest notices and relevant director/security disclosures in the successfully refreshed inventory through cutoff. The combined 3X filing contains four initial holding notices; the annual report supports four IPO share records and 16 actual rights grants. Future AGM proposals are excluded as unissued. Non-director employee coverage is outside this view.","reviewed_at":"2026-11-01T12:03:26Z","reviewed_through":"2026-11-01","status":"complete"},"major_holders":{"coverage_start":"2023-01-01","note":"Complete for all substantial-holder notices and relevant context in the successfully refreshed inventory through cutoff. Franklin\u2019s five disclosed purchases and position, the single 240,000,000-share Westgold-group project issue, and the Big Bell group position are recorded without duplication. The initial 100 shares remain unattributed; the one-day/direct-recipient difference and Franklin\u2019s four-month opening-balance limitation are disclosed.","reviewed_at":"2026-11-01T12:03:26Z","reviewed_through":"2026-11-01","status":"complete"}}},"review_digest":"d63000b92af5a024f3641b94eec96bf0f4a55047122dc7b3e5f31fb263696d1c","review_issues":[{"note":"The annual report dates the 240,000,000-share non-cash demerger issue to Westgold on 18 March 2026; the holder notice dates its related acquisition row to 19 March and names BBGO. The annual report confirms BBGO is wholly owned by Westgold. The one-day/date-recipient difference is preserved as an 18\u201319 March range and a group-level event; it does not change the 240,000,000 quantity or project-consideration classification.","record_id":"val-westgold-demerger-issue-240000000","source_ids":["2924-03072958-6A1318206","2924-03141442-6A1346327"],"status":"minor_discrepancy","view":"major_holders"},{"note":"The five Annexure B transactions total 3,403,800 shares, while section 2 reports 27,403,800 shares on 7 August 2026, a 24,000,000-share difference. Sections 2 and 5 and Annexure B describe an initial substantial-holder notice whose transaction schedule covers acquisitions only in the preceding four months. The opening balance and older acquisition dates are not stated; leave the opening balance null and infer no additional trades.","record_id":"val-franklin-position-20260807","source_ids":["2924-03119713-6A1338030","2924-03141442-6A1346327"],"status":"explained","view":"major_holders"},{"note":"The reported 240,000,100-share group position matches the annual report\u2019s 100 shares issued at incorporation plus 240,000,000 demerger shares. The original allottee of the 100 shares and any account-level transfer into Big Bell are not stated; this observation records only the disclosed point-in-time registered position and does not infer that transfer.","record_id":"val-westgold-position-20260319","source_ids":["2924-03072958-6A1318206","2924-03072959-6A1318207","2924-03141442-6A1346327"],"status":"explained","view":"major_holders"}],"scan":{"failures":[],"last_collected_at":"2026-11-06T12:07:18.078551Z","profile":"valuation","scanned_through":"2026-11-06","ticker":"VAL"},"sources":{"2924-03072035-6A1317838":{"category":"shareholder_list","collected_at":"2026-10-31T19:32:11.622885Z","page_count":1,"published_at_utc":"2026-03-25T05:11:42.000Z","relative_path":"2026/2026-03-25_Top 20 Holders_f3becc5cd61f9cae.pdf","review_note":"The entire one-page register was visually checked. Big Bell Gold Operations Pty Ltd is registered for 240,000,100 ordinary shares (44.44%) at 19 March 2026; this corroborates the group position and creates no additional transaction or holding.","sha256":"565f6e3bb3690e82ea649f5b067770561b2e4ea1c21124dff115137dc1921096","source_id":"2924-03072035-6A1317838","state":"supporting","subject_name":"Valiant Gold Limited","subject_ticker":"VAL","title":"Top 20 Holders","triage":{"classification":"relevant","reason":"The entire one-page register was visually checked. Big Bell Gold Operations Pty Ltd is registered for 240,000,100 ordinary shares (44.44%) at 19 March 2026; this corroborates the group position and creates no additional transaction or holding.","views":["major_holders"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03072035-6A1317838"},"2924-03072958-6A1318206":{"category":"holder_notice","collected_at":"2026-10-31T19:32:11.622485Z","page_count":4,"published_at_utc":"2026-03-27T03:33:34.000Z","relative_path":"2026/2026-03-27_Becoming a substantial holder from WGX_2625bbd8cd0c99f8.pdf","review_note":"All 4 pages, including the group annexure, were reviewed. Big Bell is the registered holder and Westgold reports the same 240,000,100 shares by control. Its 19 March row combines incorporation/project wording; the annual report separately identifies the 240,000,000-share project issue on 18 March. The group is recorded once, with the one-day/direct-recipient difference disclosed as a minor discrepancy.","sha256":"4fb78b1c6eb0beffea699db33afaa4524a395175b9ea3cd8a7bae88e8f905b81","source_id":"2924-03072958-6A1318206","state":"reviewed","subject_name":"Valiant Gold Limited","subject_ticker":"VAL","title":"Becoming a substantial holder from WGX","triage":{"classification":"relevant","reason":"All 4 pages, including the group annexure, were reviewed. Big Bell is the registered holder and Westgold reports the same 240,000,100 shares by control. Its 19 March row combines incorporation/project wording; the annual report separately identifies the 240,000,000-share project issue on 18 March. The group is recorded once, with the one-day/direct-recipient difference disclosed as a minor discrepancy.","views":["major_holders"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03072958-6A1318206"},"2924-03072959-6A1318207":{"category":"holder_notice","collected_at":"2026-10-31T19:32:11.622042Z","page_count":3,"published_at_utc":"2026-03-27T03:34:19.000Z","relative_path":"2026/2026-03-27_Becoming a substantial holder_3b4360ad7b6990b6.pdf","review_note":"All 3 pages reviewed. Valiant reports the 240,000,100-share escrow position only to meet its disclosure obligation; it expressly disclaims acquisition and voting rights, so this is not a separate holder position or transaction.","sha256":"163795b43e29d14e39ac6e8f4f3562998b81faea9607d5f7b05d3df48b7bf630","source_id":"2924-03072959-6A1318207","state":"reviewed","subject_name":"Valiant Gold Limited","subject_ticker":"VAL","title":"Becoming a substantial holder","triage":{"classification":"relevant","reason":"All 3 pages reviewed. Valiant reports the 240,000,100-share escrow position only to meet its disclosure obligation; it expressly disclaims acquisition and voting rights, so this is not a separate holder position or transaction.","views":["major_holders"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03072959-6A1318207"},"2924-03072962-6A1318209":{"category":"director_interest","collected_at":"2026-10-31T19:32:11.621333Z","page_count":8,"published_at_utc":"2026-03-27T03:36:39.000Z","relative_path":"2026/2026-03-27_Initial Director's Interest Notice x4_a935dd5e64c88930.pdf","review_note":"All 8 PDF pages reviewed. Four initial director notices report initial holdings only; Derek La Ferla\u2019s indirect holdings are in Luava Pty Ltd <The D N La Ferla Family Trust>. No separate acquisition date or trade is stated in these notices.","sha256":"9f3e97847102d1d4aae5a60877d6fc0f55cf5b87b6d30580e8fb357b7a34006c","source_id":"2924-03072962-6A1318209","state":"reviewed","subject_name":"Valiant Gold Limited","subject_ticker":"VAL","title":"Initial Director's Interest Notice x4","triage":{"classification":"relevant","reason":"All 8 PDF pages reviewed. Four initial director notices report initial holdings only; Derek La Ferla\u2019s indirect holdings are in Luava Pty Ltd <The D N La Ferla Family Trust>. No separate acquisition date or trade is stated in these notices.","views":["directors"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03072962-6A1318209"},"2924-03119713-6A1338030":{"category":"holder_notice","collected_at":"2026-10-31T19:32:11.620623Z","page_count":7,"published_at_utc":"2026-08-10T22:16:55.000Z","relative_path":"2026/2026-08-11_Becoming a substantial holder_adc07ba89f6b64e4.pdf","review_note":"All 7 pages, including Annexures A and B, were reviewed. Franklin Advisers lists five ordinary-share cash acquisitions in the prior four months (3,403,800 shares in total), with a 27,403,800-share position on 7 August; JPMorgan Chase Bank, N.A. is the reported registered holder.","sha256":"c17caaa6eba16624b9610921f41dded1a2b804b3f1fd5ce297acacaf774ef779","source_id":"2924-03119713-6A1338030","state":"reviewed","subject_name":"Valiant Gold Limited","subject_ticker":"VAL","title":"Becoming a substantial holder","triage":{"classification":"relevant","reason":"All 7 pages, including Annexures A and B, were reviewed. Franklin Advisers lists five ordinary-share cash acquisitions in the prior four months (3,403,800 shares in total), with a 27,403,800-share position on 7 August; JPMorgan Chase Bank, N.A. is the reported registered holder.","views":["major_holders"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03119713-6A1338030"},"2924-03138918-6A1345275":{"category":"security_event","collected_at":"2026-10-31T19:32:11.619693Z","page_count":7,"published_at_utc":"2026-09-23T08:44:24.000Z","relative_path":"2026/2026-09-23_Notification regarding unquoted securities - VAL_e5c81e35a41dc9f5.pdf","review_note":"All 7 pages and the KMP allocation table were reviewed. The 23 September issue names CFO Donna Lee Thornton (470,400 performance rights and 3,427,200 options); she is not identified as a director or substantial holder. Other employee recipients are not named, so this is not evidence of employee-wide coverage.","sha256":"56adeadc5c0d4cc2c347e2dadd30e43cc229ff34d8fd0d089c34366e0d1dc3ab","source_id":"2924-03138918-6A1345275","state":"supporting","subject_name":"Valiant Gold Limited","subject_ticker":"VAL","title":"Notification regarding unquoted securities - VAL","triage":{"classification":"background_only","reason":"All 7 pages and the KMP allocation table were reviewed. The 23 September issue names CFO Donna Lee Thornton (470,400 performance rights and 3,427,200 options); she is not identified as a director or substantial holder. Other employee recipients are not named, so this is not evidence of employee-wide coverage.","views":[]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03138918-6A1345275"},"2924-03140865-6A1346083":{"category":"meeting_notice","collected_at":"2026-10-31T19:32:11.619227Z","page_count":3,"published_at_utc":"2026-09-28T08:06:16.000Z","relative_path":"2026/2026-09-28_Annual General Meeting Information_99799be8fae9930e.pdf","review_note":"All 3 pages reviewed; the flagged resource-table page was visually checked. The announcement gives AGM logistics, a director nomination deadline, and operational/resource context, with no director or substantial-holder transaction.","sha256":"df3122d9c8f8bdae002192b845f36aa2ecf8f95ddd0cedd84e725de934fd40c5","source_id":"2924-03140865-6A1346083","state":"supporting","subject_name":"Valiant Gold Limited","subject_ticker":"VAL","title":"Annual General Meeting Information","triage":{"classification":"background_only","reason":"All 3 pages reviewed; the flagged resource-table page was visually checked. The announcement gives AGM logistics, a director nomination deadline, and operational/resource context, with no director or substantial-holder transaction.","views":[]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03140865-6A1346083"},"2924-03141442-6A1346327":{"category":"shareholder_list","collected_at":"2026-10-31T19:32:11.618246Z","page_count":52,"published_at_utc":"2026-09-29T07:22:26.000Z","relative_path":"2026/2026-09-29_Annual Report to Shareholders_2cc148cb7a7d9449.pdf","review_note":"Reviewed the KMP remuneration/shareholding disclosures (PDF p.18), performance-right terms (p.19), issued-capital note (p.33), related-party note (p.35), and additional holder information (pp.45\u201347); relevant tables were visually checked. The annual report supports 4 director IPO share records and 16 rights grants, and identifies 100 incorporation shares plus 240,000,000 demerger shares issued to Westgold on 18 March 2026.","sha256":"04495ebaab704f2483b84f3c51e6c0999f863d897006712cbf31d914bbd48e65","source_id":"2924-03141442-6A1346327","state":"reviewed","subject_name":"Valiant Gold Limited","subject_ticker":"VAL","title":"Annual Report to Shareholders","triage":{"classification":"relevant","reason":"Reviewed the KMP remuneration/shareholding disclosures (PDF p.18), performance-right terms (p.19), issued-capital note (p.33), related-party note (p.35), and additional holder information (pp.45\u201347); relevant tables were visually checked. The annual report supports 4 director IPO share records and 16 rights grants, and identifies 100 incorporation shares plus 240,000,000 demerger shares issued to Westgold on 18 March 2026.","views":["directors","major_holders"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03141442-6A1346327"},"2924-03152276-6A1350925":{"category":"meeting_notice","collected_at":"2026-10-31T19:32:11.613997Z","page_count":49,"published_at_utc":"2026-10-23T01:13:31.000Z","relative_path":"2026/2026-10-23_Notice of Annual General Meeting_Proxy Form_a142b3b4dcf1d4e8.pdf","review_note":"All 49 pages, including the explanatory statement, relevant incentive schedules, and proxy form, were reviewed. Resolutions 6 and 7 propose up to 806,400 STI performance rights and 4,838,400 LTI options for Brendan Tritton after the 23 November meeting; no approval or issue is presumed by the 1 November cutoff. Resolution 9 restates the previously issued 6,750,000 director rights and is not counted again.","sha256":"851631781c5e3b12116ad37c742f1a1436a3e85b8a536142bfd0845e116a8560","source_id":"2924-03152276-6A1350925","state":"supporting","subject_name":"Valiant Gold Limited","subject_ticker":"VAL","title":"Notice of Annual General Meeting/Proxy Form","triage":{"classification":"relevant","reason":"All 49 pages, including the explanatory statement, relevant incentive schedules, and proxy form, were reviewed. Resolutions 6 and 7 propose up to 806,400 STI performance rights and 4,838,400 LTI options for Brendan Tritton after the 23 November meeting; no approval or issue is presumed by the 1 November cutoff. Resolution 9 restates the previously issued 6,750,000 director rights and is not counted again.","views":["directors"]},"url":"https://asx.api.markitdigital.com/asx-research/1.0/file/2924-03152276-6A1350925"}},"status":"ready","summary":{"AUD":{"purchase_count":5,"purchases":762051.14,"sale_count":0,"sales":0.0}},"ticker":"VAL","unresolved_count":0,"view":"major_holders","view_coverage":{"directors":{"basis":"declared","collection_issues":[],"coverage_start":"2023-01-01","explained_count":0,"material_issue_count":0,"minor_discrepancy_count":0,"newer_pending_count":0,"note":"Complete for director-interest notices and relevant director/security disclosures in the successfully refreshed inventory through cutoff. The combined 3X filing contains four initial holding notices; the annual report supports four IPO share records and 16 actual rights grants. Future AGM proposals are excluded as unissued. Non-director employee coverage is outside this view.","notice_count":1,"pending_notice_count":0,"required_context_count":0,"reviewed_at":"2026-11-01T12:03:26Z","reviewed_notice_count":1,"reviewed_through":"2026-11-01","status":"complete","unclassified_note_count":0},"major_holders":{"basis":"declared","collection_issues":[],"coverage_start":"2023-01-01","explained_count":2,"material_issue_count":0,"minor_discrepancy_count":1,"newer_pending_count":0,"note":"Complete for all substantial-holder notices and relevant context in the successfully refreshed inventory through cutoff. Franklin\u2019s five disclosed purchases and position, the single 240,000,000-share Westgold-group project issue, and the Big Bell group position are recorded without duplication. The initial 100 shares remain unattributed; the one-day/direct-recipient difference and Franklin\u2019s four-month opening-balance limitation are disclosed.","notice_count":3,"pending_notice_count":0,"required_context_count":0,"reviewed_at":"2026-11-01T12:03:26Z","reviewed_notice_count":3,"reviewed_through":"2026-11-01","status":"complete","unclassified_note_count":0}}}