Westgold Resources Limited (WGX) – $58.3m Divestment of the Peak Hill Gold Project to Great Boulder Resources Limited

Overview
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Westgold Resources Limited (ASX:WGX) announces the divestment of the Peak Hill Gold Project to Great Boulder Resources Limited for A$58.3 million plus a 1.0% NSR royalty.
Role
Financial Advisor
Date
May 2026
Value
$58,300,000
Category
Mergers & Acquisitions
Deal type
Asset Sale

Argonaut acted as Financial Advisor to Westgold on the transaction.

The divestment forms part of Westgold’s ongoing portfolio optimisation strategy, delivering a combination of upfront cash, equity exposure and a royalty interest, while enabling continued operational collaboration through ore processing and broader strategic initiatives.

Congratulations to Wayne Bramwell, Simon Rigby and the broader Westgold team on the transaction.

Argonaut’s advisory team was led by Greg Southee, Bryce Denysiuk and Dominic Noonan.

For more information, visit the Westgold website here.

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