Westgold divests Reedy, Comet projects to Valiant Gold

Westgold Resources has completed the divestment of its Reedy and Comet projects to Valiant Gold.

Westgold announced successful December 2025 its volition to demerge the Reedy and Comet projects.

The demerger aligns with Westgold’s strategy to ore connected its superior operations successful the Murchison and Southern Goldfields regions.

The Reedy and Comet projects encompass 4 erstwhile underground mines with caller accumulation activities and a cumulative mineral assets totalling 15.6 cardinal tonnes (mt) astatine a people of 2.4 grams per tonne (g/t), amounting to 1.2 cardinal ounces (moz) of gold.

Valiant, which is seeking a listing connected the Australian Securities Exchange (ASX), has received $75m successful applications arsenic portion of its archetypal nationalist offering (IPO).

These applications were filed anterior to costs nether Valiant's Prospectus dated 16 February 2026 and a supplementary prospectus lodged connected 20 February 2026 with the Australian Securities and Investments Commission.

The IPO was importantly oversubscribed, indicating beardown capitalist involvement and content successful Valiant’s potential.

Valiant’s admittance to the ASX is contingent upon fulfilling the ASX's listing and quotation requirements.

Westgold Resources has a portfolio of mines and processing plants.

Prior to this, the company’s Board of Directors approved a last concern determination to grow the Higginsville Processing Hub successful Australia's Southern Goldfields.

This enlargement volition boost the facility's yearly capableness from 1.6mt to 2.6mt, which is anticipated to heighten golden output and little operational costs.

The task requires an concern of $145m, which volition screen indispensable engineering tasks, archetypal works and imaginable outgo increases.

"Westgold divests Reedy, Comet projects to Valiant Gold" was primitively created and published by Mining Technology, a GlobalData owned brand.

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