Valiant Gold officially lists on the ASX

The news: Valiant Gold is set to list on the ASX at 1pm AEDT today, following completion of its significantly oversubscribed initial public offering, which raised $75 million through the issue of 300 million shares at 25 cents each.

The context: This follows Westgold Resources demerging its non-core Reedy’s and Comet assets on 15 December 2025 into Valiant Gold, creating a standalone gold company.

Westgold will retain around 44% of equity interest in Valiant post listing, subject to a 24-month escrow period from the commencement of trading on the ASX.

What they said: "This is a significant milestone for both companies and creates a new Australian gold company that will focus on advancing the smaller Reedy and Comet Gold Projects, while Westgold continues to focus on scaling value from our larger, core Murchison and Southern Goldfields operations,” Westgold CEO Wayne Bramwell said.