WestGold Resources has completed the divestment of its Ready and Comet projects to Valiant Gold.
WestGold announced in December 2025 its intention to spin off the Reddy and Comet projects.
Demerger aligns with WestGold’s strategy to focus on its core operations in the Murchison and Southern Goldfields regions.
Four former underground mines at the Reedy and Comet projects with recent production activities and 1.2 million ounces (moz) of gold grading 2.4 grams totaled 15.6 million tonnes (mt).
Valiant, which is seeking to list on the Australian Securities Exchange (ASX), has received $75m in applications as part of its initial public offering (IPO).
These applications were filed prior to charges under Valiant’s prospectus dated 16 February 2026 and a supplemental prospectus was filed with the Australian Securities and Investments Commission on 20 February 2026.
The IPO was widely watched, reflecting strong investor interest and confidence in Valiant’s prospects.
Valiant’s admission to the ASX is subject to meeting ASX listing and pricing requirements.
West Gold Resources has a portfolio of mines and processing plants.
Earlier, the company’s directors approved the final investment decision to expand the Higginsville processing center in Australia’s southern goldfields.
The expansion will increase the facility’s annual capacity from 1.6mt to 2.6mt, which is expected to increase gold production and lower operating costs.
The project requires an investment of $145 million, which will cover necessary engineering works, preliminary works and potential cost overruns.
“WestGold to Ready Divests, Comet Project to Valiant Gold” was originally developed and published by Mining Technologies, a brand owned by Global Data.
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