Business Summary

L1 Gold Fund Limited is an Australia-based company. The Company invests primarily in the gold sector and opportunistically in other precious metal sectors. Its objective is to deliver positive, absolute returns over the medium to long term (being a period of more than three years) through a fundamental, research-driven approach using long and short positions. It utilizes a variety of instruments to achieve its investment objective. It includes the use of long positions and short positions in Australian and international securities and other eligible investments. Its securities include a range of asset classes and instruments in various sectors, including shares, options or debentures in listed or unlisted companies. Its other eligible investments include derivatives, such as gold futures contracts, and include a range of asset types, including commodity streams and royalties, convertibles, debt, title to physical positions in gold and other precious metals, foreign currency and cash.