- Last 2026-11-06
- A$0.385
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$768.7M
- EV
- A$539.5M
- Cash
- A$229.2M
- Debt
- A$0
Investment view
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Sign in or enter a guest codeAnnouncements
Latest 12 of 24All sources ▸- Quarterly Activities & Cashflow Report - September 2026Results
- Notice of Annual General Meeting/Proxy FormGovernance
- Becoming a substantial holderGovernance
- Notification regarding unquoted securities - WIACorporate Action
- Board and Company Secretary ChangesLeadership
- Application for quotation of securities - WIACorporate Action
- 2026 Annual ReportResults
- DFS and Funding Investor PresentationPresentation
- A$125m Placement Completes Funding for KokosebFinancing
- Robust DFS for Kokoseb and Project Financing UpdateStudy
- Quarterly Activities and Cashflow Report - June 2026Results
- Wia raises A$92m to Advance Kokoseb DevelopmentFinancing
Event calendar · next 12 months
7 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Q4 2026 (company: by year end) | Mining Licence and Environmental Clearance Certificate grant | Permitting | Company Guided | High | Hard condition precedent to the Sprott loan and to FID; a slip delays early works planned for H1 2027. |
| Q4 2026 (company target) | Sprott US$360m facility financial close | Financing | Company Guided | High | Converts a non-binding term sheet into committed construction funding; terms (margin, warrant strike) are disclosed only at close. |
| Next six to twelve months | Underground resource drilling and exploration-target follow-up | Exploration | Company Guided | Medium | Drilling to 50m x 50m spacing to test the 10-15Mt underground exploration target; the main source of resource growth beyond the DFS. |
| 19 Nov 2026 | 2026 Annual General Meeting (Perth, 10am AWST) | Corporate Action | Confirmed | Medium | Director re-elections and remuneration votes; Andrew Pardey retires at the close of the meeting, reducing the board before construction. |
| H1 2027 (company target) | Start of Kokoseb early works | Construction Or Commissioning | Company Guided | High | First construction spend; depends on permits and financial close. |
| Late January 2027 | December 2026 quarterly activities report and Appendix 5B | Results | Inferred | Medium | First report after the permit and financing windows; shows execution-readiness spend and cash. |
| 2 Feb 2027 (12 months from completion) | Escrow release on 20,000,000 Santa Fe shares | Corporate Action | Inferred | Medium | Wia becomes free to sell the shares carried at A$5.0m; small relative to funding needs. |
Executive roster
As of 2026-10-31Background checks ▸Annual report 2026, ASX appointment announcements to 28 September 2026 and the local management file; executive chairman duties ended 1 February 2026 when Josef El-Raghy became non-executive chairman. Non-executive directors are excluded by design.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Henk Diederichs | Managing Director and Chief Executive Officer | Chief Executive · Executive Director | 2026-02-01 | Wia appoints a Managing Director & Chief Executive Officer · 2026 Annual Report |
| David Edwards | Chief Financial Officer | Finance | 2026-03-09 | Appointment of Chief Financial Officer · 2026 Annual Report |
| John Mussett | Project Director | Operations · Senior Management | — | 2026 Annual Report · Local management assessment for WIA |
| Pierrick Couderc | Group Exploration Manager | Technical · Senior Management | — | Quarterly Activities & Cashflow Report - September 2026 · Local management assessment for WIA |
| Jessica O'Hara | Company Secretary · Group Legal Counsel | Company Secretary | 2026-09-30 | Board and Company Secretary Changes · Quarterly Activities & Cashflow Report - September 2026 |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Kokoseb Gold Project
Namibia
DFS complete (10 Aug 2026) with a maiden 1.95Moz Probable reserve; Mining Licence and ESIA under assessment; execution readiness under way; financing and permits outstanding before FID.
- Study
- DFS
- Post-tax NPV (study prices, attributable)
- US$971.2md
- NPV restated at our deck (attributable)
- Locked
- IRR
- 4,100.0%s
- Initial capex (100%)
- US$474.8ms
- Capital intensity
- US$3,624/(oz/yr)d
- LoM AISC
- A$2,401/ozs
- Mine life
- 14.0 yrss
Project location
Approximate location
© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
100% project, post-tax, all-equity, US$3,600/oz real, NPV at FID assumed 31 October 2026; Wia attributable 80%.
Resources & reserves6
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Indicated (open pit, 0.5 g/t cut-off) | 63.9M t | 0.98 g/t Au | Gold | 2026-05-31 |
| Mineral Resource | Inferred (open pit, 0.5 g/t cut-off) | 41M t | 0.92 g/t Au | Gold | 2026-05-31 |
| Mineral Resource | Inferred (maiden underground, 0.85 g/t cut-off) | 7.9M t | 2.2 g/t Au | Gold | 2026-05-31 |
| Mineral Resource | Total (Indicated plus Inferred) | 113M t | 1.0 g/t Au | Gold | 2026-05-31 |
| Exploration Target | Underground exploration target (non-JORC) | — Mt 10 to 15 | about 2.0 to 2.5 g/t Au | Gold | 2026-10-20 |
| Ore Reserve | Probable | 69.8M t | 0.87 g/t Au | Gold | 2026-08-10 |
Tenements1
Milestones4
- Grant of Mining Licence and Environmental Clearance Certificate
Pending · High materiality
- Financial close of the Sprott facility
Pending · High materiality
- Start of early works
Pending · High materiality
- First gold pour
Pending · High materiality
Permits & approvals2
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Mining Licence (application lodged October 2025) | Namibia, MIME | Pending | — | Yes |
| Environmental Clearance Certificate (ESIA lodged March 2026) | Namibia, MEFT | Pending | — | Yes |
Economic studies2
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Kokoseb Definitive Feasibility Study | DFS | Current | 2026-08-10 | 5.25Mtpa CIL/CIP, 14-year life, 1,836koz, post-tax NPV5% US$1,214m at US$3,600/oz (US$1,577m at US$4,075), IRR 41%, capex US$474.8m, AISC US$1,696/oz. |
| Kokoseb Scoping Study | Scoping Study | Superseded | 2025-09-30 | 58.9Mt at 0.97 g/t production target from the 2.93Moz resource; superseded by the DFS. |
Other
Damara belt regional licences
Namibia
Reconnaissance-stage licences around Kokoseb: nine tenements with 80-100% held and eight farm-in licences with no interest earned; no resource.
- Ownership
- 8,000.0%
- Commodity
- Aur
- Country
- NAr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Tenements1
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Investee
- Santa Fe Minerals Limited (ASX: SFM)
- Holding
- —
- Shares held
- 20.00m
- Market value
- A$4.7mm
- % of holder's market cap
- 0.6%m
- Cost basis
- A$5.6m
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
A$229.2m of cash (A$125m placement received 25 September 2026) and no debt cover about eight years of current exploration and corporate burn but only about 42% of Wia's 80% share of the A$676m (US$475m) DFS capital; the balance depends on the non-binding US$360m Sprott facility (financial close targeted Q4 2026, conditional on the Mining Licence and ECC) and on Epangelo funding its 20%.
Capital structure
Ownership and dilution
- Ordinary shares
- 2B
- Fully diluted
- 2B
1,701,874,264 shares at 30 June 2026 plus 294,117,648 placement shares issued 28 September 2026 (A$125m at A$0.425) = 1,996,692,123 (Appendix 2A). Unquoted securities of 43,356,490 (26,291,273 performance rights and 17,065,217 options) per Appendix 3G of 29 September 2026 give 2,040,048,613 fully diluted. 67,500,000 warrants to Sprott are to be issued only on financial close and a US$15m Sprott equity subscription is part of the non-binding term sheet; both are added in the valuation share basis, not here.
Security classes6
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Ordinary fully paid shares (ASX: WIA) | Ordinary Share | 2B | — | — |
| Performance rights expiring 2 Feb 2031 (MD and CEO) | Performance Right | 7.5M | — | 2031-02-02 |
| Other performance rights (expiries 2029 to 2031, including 2,000,000 issued 25 Sep 2026 and 5,000,000 expiring Apr 2028) | Performance Right | 18.8M | — | — |
| Nil-exercise-price options expiring 19 July 2029 | Option | 12M | A$0 | 2029-07-19 |
| Options at A$0.065 expiring 23 March 2027 | Option | 5M | A$0.065 | 2027-03-23 |
| Nil-exercise-price options expiring 21 March 2027 | Option | 65.2K | A$0 | 2027-03-21 |
Actuals and forecasts
Financial statements
| AUD | Unit | Trend | FY2025 (actual)A | FY2026 (actual)A |
|---|---|---|---|---|
| Operations | ||||
| Gold produced (Wia 80% share) | oz | 0.00 | 0.00 | |
| Profit and loss | ||||
| Revenue (gold sales, Wia share) | AUDm | 0.0 | 0.0 | |
| Operating costs incl. royalties (Wia share) | AUDm | 0.0 | 0.0 | |
| Corporate and administration costs | AUDm | 1.5 | 1.7 | |
| EBITDA | AUDm | (1.5) | (1.7) | |
| Depreciation and amortisation | AUDm | 0.1 | 0.1 | |
| Net interest income (expense) | AUDm | 0.8 | 2.0 | |
| Income tax (cash tax on project profits) | AUDm | 0.0 | 0.0 | |
| Net profit after tax (owners) | AUDm | (5.1) | (14.2) | |
| Cash flow | ||||
| Operating cash flow | AUDm | (0.5) | (1.4) | |
| Sustaining capital | AUDm | 0.0 | 0.0 | |
| Growth capital incl. capitalised exploration | AUDm | 15.3 | 22.8 | |
| Total capital expenditure | AUDm | 15.3 | 22.8 | |
| Free cash flow | AUDm | (15.7) | (24.1) | |
| Sprott debt drawn (repaid) | AUDm | 0.0 | 0.0 | |
| Equity raised and exercise proceeds | AUDm | 30.9 | 122.0 | |
| Balance sheet | ||||
| Cash | AUDm | 29.0 | 119.1 | |
| Borrowings (incl. capitalised interest) | AUDm | 0.0 | 0.0 | |
| Net debt (negative = net cash) | AUDm | (29.0) | (119.1) | |
| Per share | ||||
| Ordinary shares at period end (fully diluted from FY2027) | m shares | 1,365.3 | 1,701.9 | |
| Earnings per share | AUD/share | (0.00) | (0.01) | |
| Dividends per share | AUD/share | 0.00 | 0.00 | |
| Multiples and ratios | ||||
| EV / EBITDA (x, current EV) | x | (384.4) | (330.1) | |
| P / E (x, current market cap) | x | (156.8) | (56.4) | |
| FCF yield (current market cap) | % | -2.0% | -3.0% | |
| EBITDA margin | % | — | — | |
| Net debt / EBITDA (x) | x | 19.6 | 69.0 | |
KPI history
Operating metrics
Operating metric source table9
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Cash at 30 September 2025 | Company | Sep 2025 quarter | Point In Time | 52,115,000 AUD | Reported |
| Cash at 31 December 2025 (excluding trade creditors) | Company | Dec 2025 quarter | Point In Time | 45,840,000 AUD | Reported |
| Cash at 31 March 2026 | Company | Mar 2026 quarter | Point In Time | 40,940,000 AUD | Reported |
| Cash at 30 June 2026 | Company | FY2026 | Point In Time | 119,065,221 AUD | Reported |
| Cash at 30 September 2026 | Company | Sep 2026 quarter | Point In Time | 229,200,000 AUD | Reported |
| Borrowings at 30 September 2026 | Company | Sep 2026 quarter | Point In Time | 0 AUD | Reported |
| Exploration and evaluation payments, September 2026 quarter | Kokoseb | Sep 2026 quarter | Quarter | 7,103,000 AUD | Reported |
| Exploration expenditure paid, FY2026 | Kokoseb | FY2026 | Year | 22,719,190 AUD | Reported |
| Operating cash flow FY2026 | Company | FY2026 | Year | -1,367,606 AUD | Reported |
Company guidance4
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| First Gold Pour | kokoseb | Q4 2028 | — | — quarter 2028-Q4 | Current |
| Average Annual Gold Production Years 1 10 (DFS) | kokoseb | Years 1-10 from first gold | — | 150,000 oz | Current |
| Pre Production Capital Cost (DFS, Aace Class 3 +/ 15%) | kokoseb | FID to first ore | — | 474,800,000 USD | Current |
| Mining Licence And Environmental Clearance Certificate Grant | kokoseb | H2 2026 | — | — by 2026-12-31 | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-28Ann. 2026-08-12 | RaisingOrdinary Shares | A$125M | 294.1M | A$0.425 | Completed | A$125m placement approved by shareholders on 18 September 2026, issued 28 September 2026 and received 25 September, completing the equity portion of the Kokoseb funding.Max 294.1M · Holder approval required |
| 2026-08-10 | Debt | US$360M | — | — | Announced | Indicative, non-binding US$360m senior secured facility plus a US$15m equity subscription in any future raise; 67,500,000 warrants issued to Sprott on financial close targeted Q4 2026; subject to due diligence, documentation, final investment committee approval and grant of the Mining Licence and ECC.SOFR plus margin; interest capitalised for two years after close; about six-year tenor; US$50m available at close · Sprott Resource Lending Corp. · Holder approval required |
| 2026-05-27Ann. 2026-05-20 | RaisingOrdinary Shares | A$92M | 200M | A$0.46 | Completed | A$92m placement at A$0.46 for execution readiness, early works, studies and permitting.Max 200M · Argonaut (global coordinator), Tamesis, Stifel |
| 2026-02-02Ann. 2025-11-26 | Raising | — | — | — | Completed | — |
| 2025-08-27Ann. 2025-08-20 | RaisingOrdinary Shares | A$30M | 100M | A$0.3 | Completed | A$30m placement at A$0.30 to underpin the accelerated Kokoseb exploration programme.Max 100M |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Joint venture, statutory fiscal terms, financing, farm-in and Santa Fe consideration read from the DFS, annual report and quarterly. No offtake, stream, royalty to a private party, or hedge is disclosed; gold sales terms in the DFS are spot at 100% payment on shipment. The Sprott warrant strike and several farm-in terms are not disclosed.
Kokoseb is held 80:20 with the state-owned Epangelo. Future project funding is contributed pro rata and a partner that does not fund is diluted; the DFS NPV is on a 100% basis, so Wia is credited with 80% and funds 80% of capital.
Joint Venture · Active- Counterparties
- Epangelo Mining Company (Pty) Ltd
- Applies to
- Kokoseb Gold Project · Gold
- Economic direction
- Mixed
- Period
- From 2019-02-04; no end date stated
- Key terms
- Wia interest in Mandarin Investments (EPL 4818): 80 %
Epangelo interest: 20 %
Funding after DFS: Pro rata; a non-contributing partner is diluted under the JV agreement
No valuation treatment is available for this arrangement.
Statutory 3% royalty and 1% export levy on gold revenue, charged from first production, plus 37% corporate tax. There is no private royalty on the project.
Royalty · Conditional- Counterparties
- Government of Namibia
- Applies to
- Kokoseb Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Government royalty: 3 % of revenue
Gross revenue export levy: 1 % of revenue
Corporate tax rate: 37 %
No valuation treatment is available for this arrangement.
Project-finance term sheet that funds the capital beyond the A$229m of cash; conditional on due diligence, documentation, final credit approval and grant of the Mining Licence and ECC; financial close targeted Q4 2026.
Other · Announced- Counterparties
- Sprott Resource Lending Corp.
- Applies to
- Kokoseb Gold Project · Gold
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Senior secured debt: 360 USD m
Equity subscription in any future raise: 15 USD m
Warrants issued on financial close: 67,500,000 warrants
Tenor: 6 years approx
No valuation treatment is available for this arrangement.
Binding term sheets give Wia exclusive early-stage access to eight Damara belt licences with an option to earn 80-90%; no interest has been earned and spend is minimal.
Farm In · Conditional- Counterparties
- Licence holders on the Damara belt (not named)
- Applies to
- Damara belt regional licences · Gold
- Economic direction
- Benefit
- Period
- Dates not stated
- Key terms
- Interest earnable: 80% to 90%
Interest earned to date: 0 %
No valuation treatment is available for this arrangement.
Consideration for the sale of the Cote d'Ivoire gold projects (Glomin Services) to Santa Fe Minerals: shares carried at A$5.0m and contingent rights carried at nil.
Other · Active- Counterparties
- Santa Fe Minerals Limited
- Applies to
- Company-wide · Gold
- Economic direction
- Benefit
- Period
- From 2026-02-02; no end date stated
- Key terms
- SFM shares received: 20,000,000 shares
SFM performance rights received: 8,000,000 rights
Carrying value of shares at 30 June 2026: 5,000,000 AUD
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
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Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
As of the cutoff, WIA's five-person executive roster combines mine-development leadership, finance, project delivery, exploration and legal/governance experience. Henk Diederichs has the clearest directly credited study-delivery record at PDI; John Mussett's prior project record is supported by Aris and AngloGold Ashanti filings; Pierrick Couderc is issuer-credited with leading the Centamin exploration team behind Doropo and ABC. WIA's Kokoseb DFS and reserve milestones occurred during the current team period, but the project remained pre-production and individual responsibility is not isolated. David Edwards' Ancuabe finance work reached feasibility and financing discussions, without evidence of construction or production during his Triton tenure. An external-mine safety event during John's Aris tenure is employer-level context only. Exact-name records for John Mussett and David Edwards are not attributed because identity remains unresolved.
Decision-relevant facts
Material summary
Henk Diederichs
Managing Director and Chief Executive Officer
Led PDI Bankan DFS delivery
PDI's FY2025 report credits Henk, as COO, with leading Bankan DFS delivery alongside its broader project and technical teams. The DFS is a study and its production and returns are forecasts; no mine was operating by the cutoff.
Individual involvement documented · PDI directly credits his leadership but describes team delivery; no sole contribution or operating outcome is established.
Nyanzaga advanced during OreCorp executive tenure
OreCorp filings document Henk's VP Project Development, COO and CEO/MD roles, and advancement of Nyanzaga through scoping and prefeasibility. WIA says his CEO tenure ended with OreCorp's acquisition by Perseus in April 2024. The sources do not isolate his contribution to sale terms, valuation or shareholder return; the project had not reached production in the reviewed evidence.
Role overlaps event; causation unproven · His roles overlapped project advancement and the company acquisition, but sole responsibility is not shown.
Kokoseb DFS and reserve milestone during WIA tenure
WIA's 2026 annual report records completion of the Kokoseb DFS in August 2026 and a 1.95 Moz reserve, alongside funding steps toward construction. The milestone occurred during Henk's CEO tenure, but his individual contribution is not isolated. Construction and production remained future plans.
Role overlaps event; causation unproven · His CEO tenure overlapped the milestone; no individual causal contribution or operating result is established.
Evidence gaps · 3
- Exact Allied Gold dates and some Equinox titles are unresolved; no independent employment or credential-register check was completed.
- Bankan and Kokoseb DFS findings are study-stage outcomes; they do not evidence construction, commissioning or production by Henk.
- Public-source searches are not exhaustive criminal, sanctions, litigation, safety or environmental checks.
David Edwards
Chief Financial Officer
Led Ancuabe finance and commercial workstreams through feasibility
WIA says Edwards led Triton's finance and commercial workstreams at Ancuabe from scoping through feasibility, construction-contract negotiations and financing discussions. Triton's 2021 report confirms his CFO/CS and interim CEO dates. No closed project financing, construction or production outcome during his tenure is established.
Individual involvement documented · WIA directly attributes the workstreams; it does not establish a financing close or operating result.
Evidence gaps · 3
- Queensland public-service David Edwards story cannot be matched to WIA's finance executive; no allegation is attributed.
- Exact dates for some roles and education details are incomplete; no professional register check was done.
- No exhaustive court, regulator, criminal, sanctions, safety or environment search was completed; Ancuabe did not reach production during documented tenure.
John Mussett
Project Director
Project delivery linked to Obuasi redevelopment and Tropicana
Aris Mining says Mussett was integral in successful delivery of major capital projects including Obuasi and Tropicana. AngloGold Ashanti independently reports Obuasi Phase 1 completion, progress on schedule and within budget, and first gold on 18 December 2019. This does not establish his sole contribution.
Individual involvement documented · Aris attributes integral project involvement; AGA verifies the project milestone but not his individual causal contribution.
External partner mine collapse during Aris tenure; all workers rescued
A collapse at La Reliquia on 22 September 2025 trapped 23 people, including five Aris employees performing monthly reviews. Aris said the third-party mine was within its Segovia title but outside its infrastructure; it and the local workforce supported rescue. AP reported all 23 were rescued after about 43 hours. No personal responsibility by Mussett is established.
Employer context; no individual link established · The incident occurred during his Aris tenure, but it was an external partner operation and no report links Mussett to the cause or safety responsibility.
Evidence gaps · 3
- Exact WIA start date and detailed roles before AngloGold are not disclosed; education is self-reported with no degree specified.
- Two UK court-listing entries with an exact-name match cannot be linked to this executive; no allegation is attributed.
- No exhaustive criminal, sanctions, legal, environment or credential search; La Reliquia was third-party operated.
Pierrick Couderc
Group Exploration Manager
Led exploration team credited with Doropo and ABC discoveries
Tanga's 2021 release says Couderc established and led Centamin's Côte d'Ivoire team behind the initial 2.45 Moz Doropo and 0.65 Moz ABC discoveries. WIA now reports larger updated resources; that subsequent growth is not credited to him here. Team leadership is issuer-reported, not sole geological causation.
Individual involvement documented · Issuer attributes team setup and leadership; no sole discovery responsibility or later resource growth is established.
Evidence gaps · 3
- Education and exact dates for prior roles are not available in primary sources; a same-name profile has incomplete identity linkage.
- Discovery figures and team role are issuer-reported; later resource growth is not attributed to Couderc.
- No credential-register, criminal, sanctions, litigation or exhaustive safety/environment search.
Jessica O'Hara
Company Secretary and Group Legal Counsel
Corporate-law and listed-mining governance background
The roster lists Jessica O'Hara as Company Secretary and Group Legal Counsel. OreCorp records prior senior legal roles at Clayton Utz and Allen & Overy, in-house legal experience and Company Secretary service; WIA describes 20+ years in legal/secretarial roles. Exact earlier dates are not established.
Responsibility not applicable · Assessment from issuer/employer reports and selected roster, not a full employment audit.
Evidence gaps · 3
- Exact dates for private-practice roles are unavailable; LLB/BCom are issuer-reported and not independently checked.
- WIA Company Secretary tenure was about one month at cutoff, limiting evidence of role outcomes.
- No exhaustive legal, criminal, sanctions or professional-register search.
Joanna Kiernan
Company Secretary (departed effective 2026-09-30)
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 1
- Earlier limited research remains from the 9 October report; no further research was performed after her departure.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-09-08 · 1,702,050,904 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 15.65% | 266,348,000 | |
| 2 | 11.69% | 198,938,181 | |
| 3 | 8.34% | 141,983,031 | |
| 4 | 8.27% | 140,779,874 | |
| 5 | 7.01% | 119,368,621 | |
| 6 | 6.77% | 115,248,378 | |
| 7 | 4.01% | 68,195,652 | |
| 8 | Josef El-Raghy | 3.13% | 53,200,000 |
| 9 | 2.23% | 38,000,000 | |
| 10 | 2.15% | 36,565,217 | |
| 11 | 1.37% | 23,294,764 | |
| 12 | 1.22% | 20,750,000 | |
| 13 | Josef El-Raghy | 1.18% | 20,000,000 |
| 14 | 1.18% | 20,000,000 | |
| 15 | 1.17% | 19,871,621 | |
| 16 | Josef El-Raghy | 1.16% | 19,800,000 |
| 17 | 1.00% | 17,000,000 | |
| 18 | 0.96% | 16,355,137 | |
| 19 | 0.76% | 12,999,999 | |
| 20 | 0.69% | 11,750,000 | |
| 21 | 0.59% | 10,000,000 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 15.68%Issued shares | 2026-05-27 | |
| 10.06%Issued shares | 2025-08-29 | |
| 7.39%Issued shares | 2026-09-28 | |
| Josef El-Raghy | 6.08%Issued shares | 2026-09-08 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The annual report warns that subsequent share issues may make some substantial-holder quantities and percentages stale.
- Top-20 rows are registered accounts and may include nominee/custodian accounts; they do not establish the beneficial owners behind those accounts.
- Helikon’s 28 September disclosure uses a larger issued-share denominator (1,996,692,123) than the annual-report register measured on 8 September (1,702,050,904), reflecting subsequent issues.
Sources
- Wia Gold Limited Annual Report 2026
ASX / issuer announcement · Published 2026-09-24 · Accessed 2026-10-09
Top-20 registered accounts and substantial-holder table; both measured/presented as of 8 September 2026. The report cautions that reported substantial stakes may not reflect holdings after later share issues.
Local PDF downloads/WIA/2026/2026-09-24_2026 Annual Report_231526e0b4018054.pdf, pp. 79-80
- Becoming a substantial holder
ASX / issuer announcement · Published 2026-09-30 · Accessed 2026-10-09
Form 603 reports Helikon Investments Limited and associated entities at 147,570,332 shares / 7.39% on 28 September 2026, based on 1,996,692,123 shares on issue.
Local PDF downloads/WIA/2026/2026-09-30_Becoming a substantial holder_4a9fc19efdfae577.pdf, pp. 1-5
- Change in substantial holding
ASX / issuer announcement · Published 2026-05-29 · Accessed 2026-10-09
Capital DI Limited reports 266,348,000 shares and 15.68% after a change on 27 May 2026.
Local PDF downloads/WIA/2026/2026-05-29_Change in substantial holding_a56b6225fff78e2a.pdf, p. 1
- Ceasing to be a substantial holder
ASX / issuer announcement · Published 2026-08-25 · Accessed 2026-10-09
Regal Partners Limited and related entities ceased to be substantial holders on 21 August 2026.
Local PDF downloads/WIA/2026/2026-08-25_Ceasing to be a substantial holder_ad29dac903d2dafd.pdf, pp. 1-2
Disclosed activity
Insider transactions
Trading activity94 buys · 84 sells shownNet cash last 12 months A$85.2mShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-09-22 | Helikon relevant entities
Details & evidence for Helikon relevant entities on 2026-09-22As disclosed: Subscribed for 82,352,941 shares in September 2026 placement.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | SubscriptionFully Paid Ordinary Shares | 82,352,941 | AUD 34,999,999.92 | AUD 0.425Disclosed price | — |
| 2026-08-21 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-21As disclosed: Sell 2,131,696 ordinary shares; disclosed consideration A$992,517.66.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 2,131,696 | AUD 992,517.66 | AUD 0.4656Calculated average | — |
| 2026-08-21 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-21As disclosed: Sell 298,000 ordinary shares; disclosed consideration A$138,570.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 298,000 | AUD 138,570.00 | AUD 0.465Calculated average | — |
| 2026-08-21 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-21As disclosed: Sell 3,465,834 ordinary shares; disclosed consideration A$1,606,760.64.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 3,465,834 | AUD 1,606,760.64 | AUD 0.4636Calculated average | — |
| 2026-08-21 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-21As disclosed: Sell 2,157,906 ordinary shares; disclosed consideration A$1,008,389.47.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 2,157,906 | AUD 1,008,389.47 | AUD 0.4673Calculated average | — |
| 2026-08-20 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-20As disclosed: Sell 650,000 ordinary shares; disclosed consideration A$306,280.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 650,000 | AUD 306,280.00 | AUD 0.4712Calculated average | — |
| 2026-08-19 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-19As disclosed: Sell 196,422 ordinary shares; disclosed consideration A$87,957.77.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 196,422 | AUD 87,957.77 | AUD 0.4478Calculated average | — |
| 2026-08-18 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-18As disclosed: Sell 3,291,104 ordinary shares; disclosed consideration A$1,457,300.85.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 3,291,104 | AUD 1,457,300.85 | AUD 0.4428Calculated average | — |
| 2026-08-18 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-18As disclosed: Sell 1,592,000 ordinary shares; disclosed consideration A$716,400.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 1,592,000 | AUD 716,400.00 | AUD 0.45Calculated average | — |
| 2026-08-17 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-17As disclosed: Sell 198,000 ordinary shares; disclosed consideration A$86,130.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 198,000 | AUD 86,130.00 | AUD 0.435Calculated average | — |
| 2026-08-17 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-17As disclosed: Sell 975,696 ordinary shares; disclosed consideration A$419,841.99.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 975,696 | AUD 419,841.99 | AUD 0.4303Calculated average | — |
| 2026-08-14 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-14As disclosed: Sell 1,176,000 ordinary shares; disclosed consideration A$508,032.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 1,176,000 | AUD 508,032.00 | AUD 0.432Calculated average | — |
| 2026-08-14 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-14As disclosed: Sell 542,871 ordinary shares; disclosed consideration A$232,837.37.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 542,871 | AUD 232,837.37 | AUD 0.4289Calculated average | — |
| 2026-08-13 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-13As disclosed: Sell 584,000 ordinary shares; disclosed consideration A$265,136.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 584,000 | AUD 265,136.00 | AUD 0.454Calculated average | — |
| 2026-08-13 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-13As disclosed: Sell 906,319 ordinary shares; disclosed consideration A$418,900.64.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 906,319 | AUD 418,900.64 | AUD 0.4622Calculated average | — |
| 2026-08-13 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-13As disclosed: Sell 670,000 ordinary shares; disclosed consideration A$311,081.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 670,000 | AUD 311,081.00 | AUD 0.4643Calculated average | — |
| 2026-08-12 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-12As disclosed: Sell 594,000 ordinary shares; disclosed consideration A$272,170.80.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 594,000 | AUD 272,170.80 | AUD 0.4582Calculated average | — |
| 2026-08-12 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-12As disclosed: Sell 212,291 ordinary shares; disclosed consideration A$97,611.40.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 212,291 | AUD 97,611.40 | AUD 0.4598Calculated average | — |
| 2026-08-07 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-08-07As disclosed: Sell 679,820 ordinary shares; disclosed consideration A$285,864.31.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 679,820 | AUD 285,864.31 | AUD 0.4205Calculated average | — |
| 2026-07-23 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-07-23As disclosed: Sell 1,194 ordinary shares; disclosed consideration A$537.30.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 1,194 | AUD 537.30 | AUD 0.45Calculated average | — |
| 2026-07-22 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-07-22As disclosed: Sell 136,238 ordinary shares; disclosed consideration A$59,290.78.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 136,238 | AUD 59,290.78 | AUD 0.4352Calculated average | — |
| 2026-07-10 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-07-10As disclosed: Sell 1,107,348 ordinary shares; disclosed consideration A$596,860.57.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 1,107,348 | AUD 596,860.57 | AUD 0.539Calculated average | — |
| 2026-07-09 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-07-09As disclosed: Sell 417,864 ordinary shares; disclosed consideration A$209,851.30.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 417,864 | AUD 209,851.30 | AUD 0.5022Calculated average | — |
| 2026-07-08 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-07-08As disclosed: Sell 624,660 ordinary shares; disclosed consideration A$313,329.46.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 624,660 | AUD 313,329.46 | AUD 0.5016Calculated average | — |
| 2026-07-08 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-07-08As disclosed: Sell 624,660 ordinary shares; disclosed consideration A$313,079.59.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 624,660 | AUD 313,079.59 | AUD 0.5012Calculated average | — |
| 2026-07-07 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-07-07As disclosed: Sell 192,000 ordinary shares; disclosed consideration A$96,384.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 192,000 | AUD 96,384.00 | AUD 0.502Calculated average | — |
| 2026-07-06 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-07-06As disclosed: Sell 443,712 ordinary shares; disclosed consideration A$224,740.13.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 443,712 | AUD 224,740.13 | AUD 0.5065Calculated average | — |
| 2026-06-25 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-06-25As disclosed: Sell 996,000 ordinary shares; disclosed consideration A$433,758.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 996,000 | AUD 433,758.00 | AUD 0.4355Calculated average | — |
| 2026-06-18 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-06-18As disclosed: Sell 194,737 ordinary shares; disclosed consideration A$96,394.82.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 194,737 | AUD 96,394.82 | AUD 0.495Calculated average | — |
| 2026-06-17 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-06-17As disclosed: Sell 396,000 ordinary shares; disclosed consideration A$202,276.80.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 396,000 | AUD 202,276.80 | AUD 0.5108Calculated average | — |
| 2026-06-17 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-06-17As disclosed: Sell 573,886 ordinary shares; disclosed consideration A$287,861.22.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 573,886 | AUD 287,861.22 | AUD 0.5016Calculated average | — |
| 2026-06-15 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-06-15As disclosed: Sell 22,763 ordinary shares; disclosed consideration A$11,153.87.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 22,763 | AUD 11,153.87 | AUD 0.49Calculated average | — |
| 2026-05-29 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-05-29As disclosed: Buy 3,000,000 ordinary shares; disclosed consideration A$1,320,000.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares | 3,000,000 | AUD 1,320,000.00 | AUD 0.44Calculated average | — |
| 2026-05-27 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-05-27As disclosed: Buy 17,246,489 ordinary shares; disclosed consideration A$7,933,384.94.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares | 17,246,489 | AUD 7,933,384.94 | AUD 0.46Calculated average | — |
| 2026-05-27 | Capital DI Limited
Details & evidence for Capital DI Limited on 2026-05-27As disclosed: Acquisition of 26,348,000 ordinary shares pursuant to placement.
substantial holder · Start not disclosed Change in substantial holding ↗ | SubscriptionOrdinary shares | 26,348,000 | AUD 12,120,080.00 | AUD 0.46Disclosed price | — |
| 2026-05-26 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-05-26As disclosed: Sell 1,396,000 ordinary shares; disclosed consideration A$660,028.80.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 1,396,000 | AUD 660,028.80 | AUD 0.4728Calculated average | — |
| 2026-05-21 | Helikon relevant entities
Details & evidence for Helikon relevant entities on 2026-05-21As disclosed: Subscribed for 65,217,391 shares in May 2026 placement.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | SubscriptionFully Paid Ordinary Shares | 65,217,391 | AUD 29,999,999.86 | AUD 0.46Disclosed price | — |
| 2026-05-20 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-05-20As disclosed: Buy 183,162 ordinary shares; disclosed consideration A$78,759.66.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares | 183,162 | AUD 78,759.66 | AUD 0.43Calculated average | — |
| 2026-05-08 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-05-08As disclosed: Sell 992,025 ordinary shares; disclosed consideration A$487,481.09.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 992,025 | AUD 487,481.09 | AUD 0.4914Calculated average | — |
| 2026-05-07 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-05-07As disclosed: Sell 1,584,050 ordinary shares; disclosed consideration A$752,423.75.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 1,584,050 | AUD 752,423.75 | AUD 0.475Calculated average | — |
| 2026-04-08 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-04-08As disclosed: Sell 905,605 ordinary shares; disclosed consideration A$418,208.39.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 905,605 | AUD 418,208.39 | AUD 0.4618Calculated average | — |
| 2026-03-24 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-03-24As disclosed: Sell 271,093 ordinary shares; disclosed consideration A$111,744.53.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 271,093 | AUD 111,744.53 | AUD 0.4122Calculated average | — |
| 2026-02-23 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-02-23As disclosed: Sell 750,000 ordinary shares; disclosed consideration A$345,000.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 750,000 | AUD 345,000.00 | AUD 0.46Calculated average | — |
| 2026-02-20 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-02-20As disclosed: Sell 1,000,000 ordinary shares; disclosed consideration A$450,000.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 1,000,000 | AUD 450,000.00 | AUD 0.45Calculated average | — |
| 2026-02-18 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-02-18As disclosed: Sell 159,873 ordinary shares; disclosed consideration A$72,070.75.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 159,873 | AUD 72,070.75 | AUD 0.4508Calculated average | — |
| 2026-02-18 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-02-18As disclosed: Sell 639,667 ordinary shares; disclosed consideration A$279,150.68.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 639,667 | AUD 279,150.68 | AUD 0.4364Calculated average | — |
| 2026-02-06 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2026-02-06As disclosed: Sell 149,040 ordinary shares; disclosed consideration A$60,331.39.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 149,040 | AUD 60,331.39 | AUD 0.4048Calculated average | — |
| 2026-02-03 | Lujeta Pty Ltd
Details & evidence for Lujeta Pty Ltd on 2026-02-03As disclosed: On-market purchases of 45,665,455 ordinary shares.
substantial holder · Start not disclosed Change in substantial holding ↗ | PurchaseOrdinary shares | 45,665,455 | AUD 15,982,909.25 | AUD 0.35Calculated average | — |
| 2025-12-31 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-31As disclosed: Sell 2,293,560 ordinary shares; disclosed consideration A$1,112,376.60.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 2,293,560 | AUD 1,112,376.60 | AUD 0.485Calculated average | — |
| 2025-12-22 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-22As disclosed: Sell 65,121 ordinary shares; disclosed consideration A$31,323.20.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 65,121 | AUD 31,323.20 | AUD 0.481Calculated average | — |
| 2025-12-19 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-19As disclosed: Sell 65,521 ordinary shares; disclosed consideration A$30,886.60.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 65,521 | AUD 30,886.60 | AUD 0.4714Calculated average | — |
| 2025-12-17 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-17As disclosed: Sell 95,211 ordinary shares; disclosed consideration A$41,892.84.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 95,211 | AUD 41,892.84 | AUD 0.44Calculated average | — |
| 2025-12-17 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-17As disclosed: Sell 12,500,000 ordinary shares; disclosed consideration A$6,125,000.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 12,500,000 | AUD 6,125,000.00 | AUD 0.49Calculated average | — |
| 2025-12-17 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-17As disclosed: Buy 12,500,000 ordinary shares; disclosed consideration A$6,125,000.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares | 12,500,000 | AUD 6,125,000.00 | AUD 0.49Calculated average | — |
| 2025-12-15 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-15As disclosed: Sell 198,334 ordinary shares; disclosed consideration A$86,473.62.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 198,334 | AUD 86,473.62 | AUD 0.436Calculated average | — |
| 2025-12-12 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-12As disclosed: Sell 77,825 ordinary shares; disclosed consideration A$34,601.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 77,825 | AUD 34,601.00 | AUD 0.4446Calculated average | — |
| 2025-12-12 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-12As disclosed: Sell 627,381 ordinary shares; disclosed consideration A$278,180.74.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 627,381 | AUD 278,180.74 | AUD 0.4434Calculated average | — |
| 2025-12-11 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-11As disclosed: Sell 344,125 ordinary shares; disclosed consideration A$151,991.75.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 344,125 | AUD 151,991.75 | AUD 0.441676Calculated average | — |
| 2025-12-10 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-10As disclosed: Sell 301,661 ordinary shares; disclosed consideration A$128,658.42.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 301,661 | AUD 128,658.42 | AUD 0.4265Calculated average | — |
| 2025-12-09 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-09As disclosed: Sell 96,069 ordinary shares; disclosed consideration A$39,916.67.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 96,069 | AUD 39,916.67 | AUD 0.4155Calculated average | — |
| 2025-12-08 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-12-08As disclosed: Sell 290,084 ordinary shares; disclosed consideration A$123,198.67.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | SaleOrdinary shares | 290,084 | AUD 123,198.67 | AUD 0.4247Calculated average | — |
| 2025-11-10 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-11-10As disclosed: Buy 1,500,000 ordinary shares; disclosed consideration A$487,500.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares | 1,500,000 | AUD 487,500.00 | AUD 0.325Calculated average | — |
| 2025-11-04 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-11-04As disclosed: Buy 6,000,000 ordinary shares; disclosed consideration A$2,070,000.00.
substantial holder / investment manager group · Start not disclosed Ceasing to be a substantial holder ↗ | PurchaseOrdinary shares | 6,000,000 | AUD 2,070,000.00 | AUD 0.345Calculated average | — |
| 2025-09-23 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-09-23As disclosed: Buy, 7,692,357 shares, cash consideration A$2,692,324.95.
substantial holder / investment manager group · Start not disclosed Change in substantial holding ↗ | PurchaseOrdinary shares | 7,692,357 | AUD 2,692,324.95 | — | — |
| 2025-09-18 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-09-18As disclosed: Buy, 2,000,000 shares, cash consideration A$660,000.
substantial holder / investment manager group · Start not disclosed Change in substantial holding ↗ | PurchaseOrdinary shares | 2,000,000 | AUD 660,000.00 | — | — |
| 2025-09-11 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-09-11As disclosed: Buy, 150,000 shares, cash consideration A$47,929.80.
substantial holder / investment manager group · Start not disclosed Change in substantial holding ↗ | PurchaseOrdinary shares | 150,000 | AUD 47,929.80 | — | — |
| 2025-08-27 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-08-27As disclosed: Buy, 7,747,080 shares, cash consideration A$2,324,124.
substantial holder / investment manager group · Start not disclosed Change in substantial holding ↗ | PurchaseOrdinary shares | 7,747,080 | AUD 2,324,124.00 | — | — |
| 2025-08-13 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-08-13As disclosed: On-market sale of 90,311 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | SaleOrdinary shares | 90,311 | AUD 28,447.97 | — | — |
| 2025-08-05 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-08-05As disclosed: Buy, 5,000,000 shares, cash consideration A$1,500,000.
substantial holder / investment manager group · Start not disclosed Change in substantial holding ↗ | PurchaseOrdinary shares | 5,000,000 | AUD 1,500,000.00 | — | — |
| 2025-07-31 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-07-31As disclosed: On-market purchase of 100,000 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 100,000 | AUD 28,940.33 | — | — |
| 2025-07-23 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-07-23As disclosed: Buy, 4,803,627 shares, cash consideration A$1,441,088.10.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | PurchaseOrdinary shares | 4,803,627 | AUD 1,441,088.10 | — | — |
| 2025-07-23 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-07-23As disclosed: On-market sale of 1,709,689 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | SaleOrdinary shares | 1,709,689 | AUD 513,955.15 | — | — |
| 2025-07-22 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-07-22As disclosed: Buy, 6,165,813 shares, cash consideration A$1,849,743.90.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | PurchaseOrdinary shares | 6,165,813 | AUD 1,849,743.90 | — | — |
| 2025-07-16 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-07-16As disclosed: On-market sale of 72,053 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | SaleOrdinary shares | 72,053 | AUD 19,454.32 | — | — |
| 2025-07-15 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-07-15As disclosed: On-market sale of 178,320 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | SaleOrdinary shares | 178,320 | AUD 48,701.90 | — | — |
| 2025-07-14 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-07-14As disclosed: On-market sale of 49,627 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | SaleOrdinary shares | 49,627 | AUD 13,399.29 | — | — |
| 2025-07-03 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-07-03As disclosed: Buy, 12,035,033 shares, cash consideration A$3,034,561.36.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | PurchaseOrdinary shares | 12,035,033 | AUD 3,034,561.36 | — | — |
| 2025-06-30 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-06-30As disclosed: On-market purchase of 20,000 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 20,000 | AUD 4,700.00 | — | — |
| 2025-06-25 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-06-25As disclosed: On-market purchase of 30,000 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 30,000 | AUD 6,750.00 | — | — |
| 2025-06-24 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-06-24As disclosed: On-market purchase of 50,628 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 50,628 | AUD 11,391.30 | — | — |
| 2025-06-23 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-06-23As disclosed: Buy, 1,000,000 shares, cash consideration A$230,000.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | PurchaseOrdinary shares | 1,000,000 | AUD 230,000.00 | — | — |
| 2025-06-12 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-06-12As disclosed: On-market sale of 628 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | SaleOrdinary shares | 628 | AUD 169.56 | — | — |
| 2025-06-05 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-06-05As disclosed: Buy, 1,967,500 shares, cash consideration A$452,525.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | PurchaseOrdinary shares | 1,967,500 | AUD 452,525.00 | — | — |
| 2025-06-02 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-06-02As disclosed: On-market sale of 123,042 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | SaleOrdinary shares | 123,042 | AUD 31,990.92 | — | — |
| 2025-05-28 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-05-28As disclosed: Buy, 128,000 shares, cash consideration A$31,910.40.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | PurchaseOrdinary shares | 128,000 | AUD 31,910.40 | — | — |
| 2025-05-28 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-05-28As disclosed: Buy, 10,000,000 shares, cash consideration A$2,400,000.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | PurchaseOrdinary shares | 10,000,000 | AUD 2,400,000.00 | — | — |
| 2025-05-27 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-05-27As disclosed: On-market purchase of 217,688 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 217,688 | AUD 48,979.80 | — | — |
| 2025-05-26 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-05-26As disclosed: On-market purchase of 50,030 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 50,030 | AUD 11,006.60 | — | — |
| 2025-05-21 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-05-21As disclosed: On-market purchase of 55,324 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 55,324 | AUD 11,064.80 | — | — |
| 2025-05-20 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-05-20As disclosed: On-market purchase of 100,000 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 100,000 | AUD 19,500.00 | — | — |
| 2025-05-19 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-05-19As disclosed: On-market purchase of 384,484 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 384,484 | AUD 74,974.38 | — | — |
| 2025-05-16 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-05-16As disclosed: On-market purchase of 15,516 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 15,516 | AUD 3,025.62 | — | — |
| 2025-05-07 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-05-07As disclosed: Buy, 88,413 shares, cash consideration A$19,450.86.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | PurchaseOrdinary shares | 88,413 | AUD 19,450.86 | — | — |
| 2025-04-17 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-04-17As disclosed: On-market sale of 500,000 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | SaleOrdinary shares | 500,000 | AUD 100,000.00 | — | — |
| 2025-04-16 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-04-16As disclosed: Buy, 4,702,923 shares, cash consideration A$940,584.60.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | PurchaseOrdinary shares | 4,702,923 | AUD 940,584.60 | — | — |
| 2025-04-09 | Jamie Phillip Boyton
Details & evidence for Jamie Phillip Boyton on 2025-04-09As disclosed: On-market purchase of 100,000 ordinary shares.
BPM Investments Limited · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 100,000 | AUD 14,500.00 | — | — |
| 2025-04-08 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-04-08As disclosed: On-market purchase of 300,000 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 300,000 | AUD 45,000.00 | — | — |
| 2025-04-07 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-04-07As disclosed: On-market purchase of 200,000 ordinary shares.
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PurchaseOrdinary shares | 200,000 | AUD 29,500.00 | — | — |
| 2025-02-14 | Capital DI Limited
Details & evidence for Capital DI Limited on 2025-02-14As disclosed: On-market sale of 2,921,402 ordinary shares.
substantial holder · Start not disclosed Change in substantial holding ↗ | SaleOrdinary shares | 2,921,402 | AUD 467,424.32 | AUD 0.16Calculated average | — |
| 2025-02-13 | Jamie Phillip Boyton
Details & evidence for Jamie Phillip Boyton on 2025-02-13As disclosed: On-market sale of 30,501 ordinary shares.
BPM Investments Limited · sole beneficial owner Change in substantial holding ↗ | SaleOrdinary shares | 30,501 | AUD 4,880.16 | — | — |
Disclosed holding observations22 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-09-28 | Helikon relevant entities
Details & evidence for Helikon relevant entities on 2026-09-28Form 603 reports 147,570,332 shares, 7.39% voting power, on becoming a substantial holder.
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | ThresholdFully Paid Ordinary Shares | 147,570,332 | 7.39%Voting Power |
| 2026-09-08 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2026-09-08The annual report top-20 list gives this registered BPM holding. It is not evidence of the group’s total relevant interest or of a sale/cessation.
Jamie Phillip Boyton · sole beneficial owner 2026 Annual Report ↗ Change in substantial holding ↗ 2026 Annual Report ↗ | PositionOrdinary shares (registered holding) | 68,195,652 | 4.01%Issued Shares |
| 2026-09-08 | Capital DI Limited
Details & evidence for Capital DI Limited on 2026-09-08The annual report top-20 list gives this registered position; it matches the 27 May 2026 Form 604 absolute share quantity.
substantial holder · Start not disclosed 2026 Annual Report ↗ Change in substantial holding ↗ | PositionOrdinary shares (registered holding) | 266,348,000 | 15.65%Issued Shares |
| 2026-05-27 | Capital DI Limited
Details & evidence for Capital DI Limited on 2026-05-27Form 604 reports 266,348,000 shares and 15.68% voting power.
substantial holder · Start not disclosed Change in substantial holding ↗ | PositionOrdinary shares | 266,348,000 | 15.68%Voting Power |
| 2026-02-03 | Lujeta Pty Ltd
Details & evidence for Lujeta Pty Ltd on 2026-02-03Visually reviewed Form 604 reports 140,000,000 shares and 9.487% voting power after the purchase.
substantial holder · Start not disclosed Change in substantial holding ↗ | PositionOrdinary shares | 140,000,000 | 9.49%Voting Power |
| 2025-09-23 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-09-23
substantial holder / investment manager group · Start not disclosed Change in substantial holding ↗ | PositionOrdinary shares | 94,791,062 | 6.43%Voting Power |
| 2025-08-29 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2025-08-29
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PositionOrdinary shares | 114,300,000 | — |
| 2025-08-29 | Capital DI Limited
Details & evidence for Capital DI Limited on 2025-08-29
substantial holder · Start not disclosed Change in substantial holding ↗ | PositionOrdinary shares | 240,000,000 | 16.28%Voting Power |
| 2025-08-29 | Jamie Phillip Boyton
Details & evidence for Jamie Phillip Boyton on 2025-08-29
BPM Investments Limited · sole beneficial owner Change in substantial holding ↗ | PositionOrdinary shares | 34,000,000 | — |
| 2025-07-28 | Lujeta Pty Ltd
Details & evidence for Lujeta Pty Ltd on 2025-07-28
substantial holder · Start not disclosed Becoming a substantial holder ↗ | InitialOrdinary shares | 94,334,545 | 6.90%Voting Power |
| 2025-07-23 | Regal Partners Funds Management Pty Ltd and associates
Details & evidence for Regal Partners Funds Management Pty Ltd and associates on 2025-07-23
substantial holder / investment manager group · Start not disclosed Becoming a substantial holder ↗ | InitialOrdinary shares | 72,201,625 | 5.29%Voting Power |
| 2024-11-13 | Capital DI Limited
Details & evidence for Capital DI Limited on 2024-11-13
substantial holder · Start not disclosed Change in substantial holding ↗ | PositionOrdinary shares | 242,921,402 | 17.99%Voting Power |
| 2024-05-17 | BPM Investments Limited
Details & evidence for BPM Investments Limited on 2024-05-17
Jamie Phillip Boyton · sole beneficial owner Change in substantial holding ↗ | PositionOrdinary shares | 105,000,000 | — |
| 2024-05-17 | Jamie Phillip Boyton
Details & evidence for Jamie Phillip Boyton on 2024-05-17
BPM Investments Limited · sole beneficial owner Change in substantial holding ↗ | PositionOrdinary shares | 25,000,000 | — |
| 2024-05-01 | Collins St Asset Management and related funds
Details & evidence for Collins St Asset Management and related funds on 2024-05-01
substantial holder reporting group · Start not disclosed Collins St Value Fund · fund managed by Collins St Asset Management Collins St Special Situations Fund No2 · fund managed by Collins St Asset Management Becoming a substantial holder ↗ | PositionOrdinary shares | 24,889,615 | — |
| 2024-05-01 | Collins St Asset Management and related funds
Details & evidence for Collins St Asset Management and related funds on 2024-05-01
substantial holder reporting group · Start not disclosed Collins St Value Fund · fund managed by Collins St Asset Management Collins St Special Situations Fund No2 · fund managed by Collins St Asset Management Becoming a substantial holder ↗ | PositionOrdinary shares | 32,180,128 | — |
| 2024-05-01 | El-Raghy related holders (Montana Realty Pty Ltd, El-Raghy Kriewaldt Pty Ltd and associates)
Details & evidence for El-Raghy related holders (Montana Realty Pty Ltd, El-Raghy Kriewaldt Pty Ltd and associates) on 2024-05-01
substantial holder reporting group · Start not disclosed Josef El-Raghy · member of reporting group Montana Realty Pty Ltd · group account holding WIA shares El-Raghy Kriewaldt Pty Ltd · group account holding WIA shares Change in substantial holding ↗ | PositionOrdinary shares | 49,000,000 | — |
| 2024-05-01 | El-Raghy related holders (Montana Realty Pty Ltd, El-Raghy Kriewaldt Pty Ltd and associates)
Details & evidence for El-Raghy related holders (Montana Realty Pty Ltd, El-Raghy Kriewaldt Pty Ltd and associates) on 2024-05-01
substantial holder reporting group · Start not disclosed Josef El-Raghy · member of reporting group Montana Realty Pty Ltd · group account holding WIA shares El-Raghy Kriewaldt Pty Ltd · group account holding WIA shares Change in substantial holding ↗ | PositionOrdinary shares | 18,800,000 | — |
| 2023-08-22 | Capital DI Limited
Details & evidence for Capital DI Limited on 2023-08-22
substantial holder · Start not disclosed Change in substantial holding ↗ | PositionOrdinary shares | 183,216,279 | 19.90%Voting Power |
| 2023-05-30 | El-Raghy related holders (Montana Realty Pty Ltd, El-Raghy Kriewaldt Pty Ltd and associates)
Details & evidence for El-Raghy related holders (Montana Realty Pty Ltd, El-Raghy Kriewaldt Pty Ltd and associates) on 2023-05-30
substantial holder reporting group · Start not disclosed Josef El-Raghy · member of reporting group Montana Realty Pty Ltd · group account holding WIA shares El-Raghy Kriewaldt Pty Ltd · group account holding WIA shares Change in substantial holding ↗ | PositionOrdinary shares | 28,000,000 | — |
| 2023-05-30 | El-Raghy related holders (Montana Realty Pty Ltd, El-Raghy Kriewaldt Pty Ltd and associates)
Details & evidence for El-Raghy related holders (Montana Realty Pty Ltd, El-Raghy Kriewaldt Pty Ltd and associates) on 2023-05-30
substantial holder reporting group · Start not disclosed Josef El-Raghy · member of reporting group Montana Realty Pty Ltd · group account holding WIA shares El-Raghy Kriewaldt Pty Ltd · group account holding WIA shares Change in substantial holding ↗ | PositionOrdinary shares | 15,000,000 | — |
| 2023-05-15 | Capital DI Limited
Details & evidence for Capital DI Limited on 2023-05-15
substantial holder · Start not disclosed Change in substantial holding ↗ | PositionOrdinary shares | 60,000,000 | 10.48%Voting Power |
The closest covered peers
Peer comparison
Peer comparison pending
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Narrative and provenance
Research & Sources
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory32 documents
Market snapshot: price performance, liquidity and gold spot at 2026-10-31Commodity Data · MediumExtracted
Output of python -m miners.v8db.market_snapshot WIA --cutoff 2026-10-31 --shares 1996692123 --commodities Au: 52-week range A$0.325-0.585; returns 1m -14.9%, 3m -5.9%, 12m +14.3%, 3y +1,076%; 20-day average traded value A$0.85m; market cap A$798.7m; AUD per USD 1.4236; gold spot US$4,031/oz on 2026-10-29 against a one-year average of US$4,454 (range 3,948-5,318) and a three-year average of US$3,306. The peer database held no published gold peers.
- Document ID
- wia-market-snapshot
- Published UTC
- 2026-10-31T02:00:00Z
- Projects
- kokoseb
- Commodities
- gold
Insider dealings database for WIAGovernance · LowExtracted
python -m miners.insider_transactions show WIA: director on-market purchase by Josef El-Raghy (El-Raghy Kriewaldt Pty Ltd) of 3,333,333 shares at A$0.469 (A$1,565,726) on 20 August 2026, immediately after the DFS and placement announcement; no director sales located in the sample read.
- Document ID
- wia-insider-local
- Published UTC
- 2026-10-31T02:00:00Z
- Projects
- kokoseb
- Commodities
- gold
Reference price: WIA close 30 October 2026Market Data · HighExtracted
Latest eligible local ASX close from python -m miners.reference_price WIA --valuation-date 2026-10-31: A$0.40 on 2026-10-30 (high 0.405, low 0.39, volume 778,519), market data provider via miners.collect_stock_prices, one ASX WIA ordinary share, 1 day old (fresh).
- Document ID
- wia-ref-price
- Published UTC
- 2026-10-30T02:00:00Z
- Projects
- kokoseb
- Commodities
- gold
Peer database: published ASX gold developers and producers (miners_v8.db)Market Data · LowExtracted
Read from data/miners_v8.db stock_daily and companies (rows dated 2026-10-30, published research runs): market cap, enterprise value, P/NAV on each peer's own fair value, EV per attributable resource and reserve ounce and 12-month return for Astral (AAR), Antipa (AZY), Capricorn (CMM), Greatland (GGP), Meeka (MEK), Catalyst (CYL) and Minerals 260 (MI6). Peer fair values are other runs' judgments, not primary evidence.
- Document ID
- wia-peer-db
- Published UTC
- 2026-10-30T02:00:00Z
- Projects
- kokoseb
- Commodities
- gold
Quarterly Activities & Cashflow Report - September 2026Results · HighExtracted
Quarterly activities report and Appendix 5B for the quarter to 30 September 2026 (lodged 20 October 2026). Confirms the August 2026 DFS (14-year life, 1,836koz, US$475m capex), the 3.78Moz resource and 1.95Moz Probable reserve, receipt of the A$125m placement on 25 September, cash of A$229.2m and no debt, an indicative Sprott US$360m debt facility with financial close targeted in Q4 2026, a plant throughput expansion option to ~7.0Mtpa for US$9.3m, Mining Licence and ESIA still pending, and the Appendix 5B cash flows (operating +A$66k, investing -A$7,141k, financing +A$117,187k).
- Document ID
- wia-q-sep26
- Published UTC
- 2026-10-19T21:19:05Z
- Projects
- kokoseb
- Commodities
- gold
Notice of Annual General Meeting/Proxy FormGovernance · LowExtracted
Notice of the 2026 Annual General Meeting lodged 19 October 2026: meeting on 19 November 2026 at 10am AWST in Perth with proxies due 17 November 2026; director re-elections and remuneration resolutions.
- Document ID
- wia-agm-notice-oct26
- Published UTC
- 2026-10-19T07:04:01Z
- Projects
- —
- Commodities
- gold
Local management assessment for WIALeadership · LowExtracted
management/WIA/summary.md and executives/*.md: preliminary roster confirmation (Henk Diederichs MD and CEO, David Edwards CFO, John Mussett Project Director, Pierrick Couderc Group Exploration Manager, Jessica O'Hara Company Secretary) with low evidence confidence and a 49/100 evidence-limited assessment score; used only as a roster cross-check against the annual report and ASX appointments.
- Document ID
- wia-mgmt-local
- Published UTC
- 2026-10-09T02:00:00Z
- Projects
- kokoseb
- Commodities
- gold
Local ownership register for WIAGovernance · LowExtracted
ownership/WIA/investors.json (reviewed 2026-10-09): top-20 accounts at 8 September 2026 (Capital DI 15.65%, BNP Clearstream 11.69%, Citicorp 8.34%, JP Morgan 8.27%), substantial holders Capital DI 15.68% (27 May 2026 notice), BPM Investments 10.06% (older notice) and Helikon 7.39% (28 September 2026); the file warns percentages predate the 294m-share placement.
- Document ID
- wia-ownership-local
- Published UTC
- 2026-10-09T02:00:00Z
- Projects
- kokoseb
- Commodities
- gold
Becoming a substantial holderGovernance · MediumExtracted
Form 603 of 30 September 2026: Helikon Investments and associated entities hold 147,570,332 shares (7.39% of 1,996,692,123) from 28 September 2026.
- Document ID
- wia-helikon-sep26
- Published UTC
- 2026-09-30T06:55:35Z
- Projects
- —
- Commodities
- gold
Notification regarding unquoted securities - WIACorporate Action · LowExtracted
Appendix 3G of 29 September 2026: 2,000,000 performance rights (expiry 25 September 2031) issued to an incoming non-executive director; ordinary shares unchanged at 1,996,692,123.
- Document ID
- wia-3g-sep26
- Published UTC
- 2026-09-29T07:40:56Z
- Projects
- —
- Commodities
- gold
StockAnalysis: WIA analyst forecast pageOther · LowExtracted
Page read 31 October 2026: three Strong Buy ratings, average target A$0.83 (median 0.78, low 0.70, high 1.07), targets last updated 29 September 2026, S&P Global data, price A$0.40 on 30 October. Used to test the thesis and as a counterargument; never as the fair-value anchor. Individual broker names and reports are not accessible.
- Document ID
- wia-consensus-web
- Published UTC
- 2026-09-29T02:00:00Z
- Projects
- kokoseb
- Commodities
- gold
Board and Company Secretary ChangesLeadership · MediumExtracted
Board and company secretary changes (28 September 2026): geologist Jamie Day appointed non-executive director, Andrew Pardey to retire at the AGM, Joanna Kiernan resigned as company secretary and Jessica O'Hara (Group Legal Counsel) appointed from 30 September 2026.
- Document ID
- wia-board-sep26
- Published UTC
- 2026-09-27T23:01:59Z
- Projects
- —
- Commodities
- gold
Application for quotation of securities - WIACorporate Action · HighExtracted
Appendix 2A of 28 September 2026 quoting 294,117,648 placement shares: issued capital following quotation 1,996,692,123 ordinary shares, plus unquoted performance rights and options.
- Document ID
- wia-2a-sep26
- Published UTC
- 2026-09-28T00:04:19Z
- Projects
- —
- Commodities
- gold
2026 Annual ReportResults · HighExtracted
Annual report for the year to 30 June 2026 (lodged 24 September 2026). Pre-revenue developer: interest income A$1.97m, loss attributable to owners A$14.15m (including A$9.56m loss from the discontinued Cote d'Ivoire business sold to Santa Fe Minerals), operating cash outflow A$1.37m, exploration spend A$22.7m, cash A$119.1m, no borrowings, net assets A$173.9m, 1,701,874,264 shares at 30 June 2026 versus 1,365,288,356 a year earlier. Contains the board and executive biographies, remuneration report, resource and reserve statement, top holders and the Santa Fe share consideration (20,000,000 shares carried at A$5.0m).
- Document ID
- wia-ar-2026
- Published UTC
- 2026-09-23T22:15:57Z
- Projects
- kokoseb
- Commodities
- gold
DFS and Funding Investor PresentationPresentation · MediumExtracted
DFS and funding investor presentation, 12 August 2026: capital structure (1,701.9m shares, 42.7m options and performance rights, A$0.425 price, A$723.3m undiluted market cap, A$119.1m cash, no debt), broker coverage list, Namibian fiscal regime (37.5% tax, 3% royalty, 1% export levy, 15% VAT), board and management biographies and the 80/20 joint venture with Epangelo.
- Document ID
- wia-dfs-pres
- Published UTC
- 2026-08-11T23:43:40Z
- Projects
- kokoseb
- Commodities
- gold
A$125m Placement Completes Funding for KokosebFinancing · HighExtracted
Announcement of the A$125m placement of 294,117,648 shares at A$0.425 (nil discount to last trade, 2% discount to the 5-day VWAP of A$0.434), 12 August 2026, conditional on shareholder approval (obtained 18 September) and completing the equity funding for Kokoseb alongside the Sprott facility.
- Document ID
- wia-placement-125
- Published UTC
- 2026-08-11T23:43:15Z
- Projects
- kokoseb
- Commodities
- gold
Robust DFS for Kokoseb and Project Financing UpdateStudy · HighExtracted
Definitive Feasibility Study announcement and appended 265-page report, 10 August 2026. Open-pit CIP project, 5.25Mtpa, 72.9Mt at 0.87g/t for 2.03Moz, 90.4% recovery, 1,836koz over 14 years (161koz pa years 1-5, 150koz pa years 1-10), C1 US$1,519/oz, AISC US$1,696/oz, pre-production capex US$474.8m, sustaining US$48.1m, closure US$37.9m offset by equal salvage, 3% royalty plus 1% export levy, 37% tax; post-tax NPV5% US$1,214m and IRR 41% at US$3,600/oz, US$1,577m at US$4,075/oz; maiden Probable reserve 69.8Mt at 0.87g/t for 1.95Moz. Wia holds 80% of the project through Mandarin Investments with state-owned Epangelo holding 20%. Tables 8.10, 8.12, 16.2, 16.4, 17.1 and 18.1 are the source of the yearly DCF table.
- Document ID
- wia-dfs
- Published UTC
- 2026-08-10T00:03:15Z
- Projects
- kokoseb
- Commodities
- gold
Gold Demand Trends Q2 2026 (WGC data via Upstox)Commodity Data · LowExtracted
Article last updated 4 August 2026 summarising the World Gold Council Q2 2026 report: total demand flat year on year at 1,269t, central bank and institutional buying 288.9t (+62% y/y), ETF outflows 44.8t, jewellery 278.2t (-17% y/y); WGC expects investment to drive H2 2026 demand and central bank buying to stay strong but below 2025.
- Document ID
- wia-wgc-q2
- Published UTC
- 2026-08-04T02:00:00Z
- Projects
- kokoseb
- Commodities
- gold
Quarterly Activities and Cashflow Report - June 2026Results · MediumExtracted
Quarterly activities report for the quarter to 30 June 2026: cash A$119.1m and no debt after the A$92m May placement; DFS and resource work in progress; Mining Licence application lodged October 2025.
- Document ID
- wia-q-jun26
- Published UTC
- 2026-07-15T22:39:43Z
- Projects
- kokoseb
- Commodities
- gold
Wia raises A$92m to Advance Kokoseb DevelopmentFinancing · MediumExtracted
A$92m placement of 200,000,000 shares at A$0.46 announced 20 May 2026 (8.0% discount to last trade, 5.9% discount to 10-day VWAP) with Argonaut as global coordinator.
- Document ID
- wia-raise-92
- Published UTC
- 2026-05-19T23:11:26Z
- Projects
- kokoseb
- Commodities
- gold
Quarterly Activities & Cashflow Report - March 2026Results · MediumExtracted
Quarterly activities report for the quarter to 31 March 2026: cash A$40.94m and nil debt; drilling at Kokoseb including underground extensions; ESIA submission March 2026.
- Document ID
- wia-q-mar26
- Published UTC
- 2026-04-19T22:52:04Z
- Projects
- kokoseb
- Commodities
- gold
Appointment of Chief Financial OfficerLeadership · LowExtracted
Appointment of David Edwards as Chief Financial Officer effective 9 March 2026.
- Document ID
- wia-cfo-mar26
- Published UTC
- 2026-03-08T22:42:10Z
- Projects
- —
- Commodities
- gold
Half Year AccountsResults · MediumExtracted
Half-year accounts to 31 December 2025 (lodged 5 March 2026): earlier statutory period, used for the cash and expenditure run-rate and the discontinued-operation classification of Cote d'Ivoire.
- Document ID
- wia-hy-2026
- Published UTC
- 2026-03-05T04:52:36Z
- Projects
- kokoseb
- Commodities
- gold
Wia appoints Adam Smits as a Non-Executive DirectorLeadership · LowExtracted
Appointment of Adam Smits (former COO of Liontown Resources) as non-executive director effective 5 March 2026.
- Document ID
- wia-smits-mar26
- Published UTC
- 2026-03-04T22:28:08Z
- Projects
- —
- Commodities
- gold
SFM: Completion of Acquisition of Gold ProjectsTransaction · LowExtracted
Completion of the Santa Fe acquisition of Glomin Services on 2 February 2026; Wia received 20,000,000 SFM shares (12-month escrow) and 8,000,000 performance rights.
- Document ID
- wia-sfm-done-feb26
- Published UTC
- 2026-02-02T05:13:31Z
- Projects
- —
- Commodities
- gold
Quarterly Activities and Cashflow Report - 31 December 2025Results · MediumExtracted
Quarterly activities report for the quarter to 31 December 2025: cash A$45.84m (excluding trade creditors); Kokoseb drilling and the Cote d'Ivoire divestment to Santa Fe Minerals.
- Document ID
- wia-q-dec25
- Published UTC
- 2026-01-20T21:21:52Z
- Projects
- kokoseb
- Commodities
- gold
Wia appoints a Managing Director & Chief Executive OfficerLeadership · MediumExtracted
Appointment of Henk Diederichs as Managing Director and CEO effective 1 February 2026; Josef El-Raghy moves from Executive Chairman to Non-Executive Chairman.
- Document ID
- wia-ceo-jan26
- Published UTC
- 2026-01-14T22:00:12Z
- Projects
- —
- Commodities
- gold
SFM: Acq of Prospective Gold Projects in Cote d'lvoireTransaction · MediumExtracted
Santa Fe Minerals (ASX: SFM) announcement of 26 November 2025: binding SPA to buy Glomin Services Ltd, which held Wia's 80% of the Mankono, Bouafle, Bocanda and Issia gold projects in Cote d'Ivoire (3,449 sq km); Wia receives SFM shares and performance rights as consideration.
- Document ID
- wia-sfm-nov25
- Published UTC
- 2025-11-25T22:46:26Z
- Projects
- —
- Commodities
- gold
Quarterly Activities and Cashflow Report - September 2025Results · LowExtracted
Quarterly activities report for the quarter to 30 September 2025: cash A$52.115m after the August 2025 A$30m placement at A$0.30; scoping study released 30 September 2025.
- Document ID
- wia-q-sep25
- Published UTC
- 2025-10-27T22:11:34Z
- Projects
- kokoseb
- Commodities
- gold
Scoping Study Confirms Outstanding Potential of KokosebStudy · MediumExtracted
Kokoseb Scoping Study, 30 September 2025: 2.93Moz resource converted into a 58.9Mt at 0.97g/t production target; superseded by the August 2026 DFS. Confirms the 80/20 ownership with Epangelo.
- Document ID
- wia-scoping-2025
- Published UTC
- 2025-09-29T22:51:22Z
- Projects
- kokoseb
- Commodities
- gold
2025 Annual ReportResults · MediumExtracted
Annual report for the year to 30 June 2025 (lodged 23 September 2025): first reference for the FY2025 comparative balance sheet, share count (1,365,288,356 at 30 June 2025) and the 2.93Moz resource context before the scoping study.
- Document ID
- wia-ar-2025
- Published UTC
- 2025-09-23T09:06:51Z
- Projects
- kokoseb
- Commodities
- gold
Kokoseb Mineral Resource Estimate increases to 2.93Moz goldResource Update · MediumExtracted
Kokoseb mineral resource estimate of 2.93Moz (July 2025); superseded by the 3.78Moz estimate of 10 August 2026 (reported in the DFS announcement and the September 2026 quarterly).
- Document ID
- wia-mre-2025
- Published UTC
- 2025-07-15T22:35:38Z
- Projects
- kokoseb
- Commodities
- gold
Evidence facts37
229200000 AUD
2026-09-30-7075000 AUD
2026-09-30Q4 2028 None
2026-10-2067500000 warrants
2026-10-20119065221 AUD
2026-06-30173895797 AUD
2026-06-30-14153423 AUD
2026-06-30-1367606 AUD
2026-06-30-22719190 AUD
2026-06-301701874264 shares
2026-06-301365288356 shares
2025-06-301365288356 shares
2025-06-301214 USDm
2026-08-1041 %
2026-08-10474.8 USDm
2026-08-101696 USD/oz
2026-08-101.95 Moz Au
2026-08-1080 %
2026-08-1037.5 %
2026-08-12125000000 AUD
2026-08-120.425 AUD/share
2026-08-12119100000 AUD
2026-06-3040940000 AUD
2026-03-3145840000 AUD
2025-12-3152115000 AUD
2025-09-3080 %
2025-09-302.93 Moz Au
2025-07-160.46 AUD/share
2026-05-201996692123 shares
2026-09-282000000 rights
2026-09-257.39 %
2026-09-280.4 AUD/share
2026-10-304031.4 USD/oz
2026-10-291.4236 AUD/USD
2026-10-31798676849 AUD
2026-10-300.83 AUD/share
2026-09-29288.9 tonnes
2026-06-30