Westgold Resources Limited to proceed with demerger and IPO of its non-core Reedy’s and Comet assets in Western Australia’s Murchison region, transferring assets to Valiant Gold Limited. Demerger simplifies Westgold’s Murchison business, allowing focus on core operations. Valiant Gold plans IPO of fully paid ordinary shares, aiming to raise $65-75 million at $0.25 per share, seeking ASX approval. Westgold to retain 48-44% shareholding in Valiant. Westgold and Valiant to enter ore purchase agreement. Transaction aligns with Westgold’s strategy to streamline portfolio and focus on core assets. Completion expected by late March 2026.

Read more at Nasdaq: Westgold Resources Confirms Demerger And IPO Of Murchison Assets To Valiant Gold