Westgold Unveils Spin-Out of Non-Core Reedy and Comet Gold Assets

Westgold plans to demerge Reedy, Comet into Valiant Gold

Westgold Resources has announced plans to demerge its non-core Reedy and Comet gold projects into a new Australian Securities Exchange (ASX)-listed company, Valiant Gold, in the third quarter (Q3) of FY26.The post Westgold plans to demerge Reedy, Comet into Valiant Gold appeared first on Mining Technology.

New gold player emerges from Westgold

Image: Phawat/Shutterstock.comWestgold Resources is set to breathe new life into its smaller gold assets, announcing the demerger of its Reedy and Comet projects into a new standalone ASX-listed company, Valiant Gold. The move is designed to unlock value, fast-track cash flow and allow Westgold to focus on its core, higher-grade operations. The Reedy and Comet projects include four historic underground mines with recent production, boasting a co…

Westgold unveils spin-out of non-core Reedy and Comet gold assets

The Westgold Resources Ltd (ASX: WGX) share price is in focus after the company announced plans to spin out its non-core Reedy and Comet gold projects into a new standalone vehicle, Valiant Gold Limited, with an associated IPO in Q3 FY26. Key highlights include a proposed $65–$75 million Valiant IPO and Westgold's retention of a significant equity stake in the new entity. What did Westgold Resources report? Westgold to demerge its non-core Re…