Westgold to Divest Non-Core Assets to Valiant

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Dec 14 2025

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Source: Yahoo Finance

Demerger Announcement: Westgold Resources Limited is proceeding with a demerger and IPO of its non-core Reedy's and Comet assets to create Valiant Gold Limited, a new ASX-listed gold company, expected to be completed by late March 2026.
Valiant's Asset Acquisition: Valiant will acquire the Reedy and Comet Projects, which include four historic underground mines and a combined Mineral Resource of 15.6 million tonnes at 2.4 g/t Au, aiming to generate early cash flow through an Ore Purchase Agreement with Westgold.
Funding and Shareholding: Valiant plans to raise $65-$75 million through its IPO, with Westgold retaining approximately 48% to 44% shareholding post-IPO, and offering a $20 million priority offer to eligible Westgold shareholders.
Management Team and Strategy: Valiant has established a management team led by Derek La Ferla and Brendan Tritton, focusing on unlocking value from the acquired assets and leveraging Westgold's processing infrastructure for efficient development and cash flow generation.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.