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Hamelin Gold Ltd ASX:HMG

1 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 1 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

28 Feb 2026 to today

Commentary 2 comments

DateManagerActionSummary

31 Aug 2026Perennial PartnersInitiatedPerennial Partners added a new position in Hamelin Gold during the month. No further detail on the specific investment rationale was provided beyond confirmation that the Fund initiated the holding in the gold exploration company.

Gold ExplorationMonthly Report, price recorded $0.23

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28 Feb 2026Lowell Resources Funds ManagementHeldLowell Resources Funds Management continues to hold Hamelin Gold Ltd because the company's Day Dawn Project in the Paterson region of Western Australia — located 10 kilometres north-west of the 32 million ounce Telfer gold-copper mine — hosts high-grade vein and reef-style gold with intersections including 7 metres at 17.1 grams per tonne gold. Lowell Resources notes that Hamelin's share price rose 118% in February, making it the fund's top performer for the month, and expects exploration to commence at Day Dawn in the second quarter of 2026.

Gold ExplorationMonthly Report, price recorded $0.16

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on HMG.

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About Hamelin Gold Ltd

Materials, Metals and Mining

Hamelin Gold (ASX:HMG), a Western Australian gold explorer, has attracted resource fund managers after strong exploration results. In August 2026, Perennial Partners reported adding a new position in Hamelin Gold. In February 2026, Lowell Resources Funds Management said Hamelin's share price rose 118% during the month, making it the fund's top performer, driven by exploration results at its projects. Hamelin Gold operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 1 comment from 1 fund manager, Perennial, with Lowell also commenting. Founded in 2021 and headquartered in Subiaco, Perth, Hamelin Gold explores for gold in Western Australia, focused on the Paterson Province and its Day Dawn project in the Murchison region, and was spun out of Encounter Resources, holding a large tenement package in prospective but underexplored areas near major gold and copper discoveries.

Market cap: $47m
Price to earnings: Loss-making
Return on equity: -22.6%
Dividend yield: 0.0%
Price to book: 2.67x
Net margin: -144971.2%
52-week range: $0.06 to $0.30

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Hamelin Gold Ltd (ASX:HMG)?

Fund managers including Lowell Resources Funds Management have invested in Hamelin Gold Ltd (ASX:HMG).

What opportunities or catalysts do fund managers highlight for Hamelin Gold Ltd?

Lowell highlights a 118% share price rise on exploration success, and Perennial added a new position, signalling growing interest in Hamelin's projects.

What are the key risks to the Hamelin Gold Ltd investment thesis, according to fund managers?

The available commentary does not set out specific risks, though Hamelin is an early-stage explorer dependent on drilling success and capital raisings.

What does Hamelin Gold Ltd (ASX:HMG) do?

Hamelin Gold Ltd. is an Australian mineral exploration and resource development company founded on May 24, 2021. Headquartered in Subiaco, Australia, the firm specializes in gold exploration, with its primary focus being the West Tanami Gold Project. The company is dedicated to exploring and developing high-potential gold assets.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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