Westgold Resources divests Reedy and Comet gold projects to Valiant Gold

Valiant Gold's acquisition of Westgold Resources' Reedy and Comet gold projects initiates a new strategic direction for the London-based infrastructure fund, entering the Australian mining sector beyond its established European transport, digital, and utility focus. This divestment allows Westgold Resources to concentrate capital on its primary Murchison and Southern Goldfields operations in Western Australia, aligning with its stated operational strategy. Valiant Gold secures four former underground mines with 1.2 million ounces of gold across 15.6 million tonnes at 2.4 grams per tonne, providing an immediate operating asset base. The $75 million in IPO applications received by Valiant Gold for its Australian Securities Exchange listing directly underpins this acquisition, indicating robust investor confidence in its new gold venture. Valiant Gold, an infrastructure investment fund with approximately $2.5 billion in assets under management, is expanding its portfolio beyond brownfield and operating assets in European transport, digital, and utility sectors to acquire Australian gold assets. Westgold Resources, an Australian gold mining company operating multiple underground and open-pit mines in Western Australia, is optimizing its asset base by divesting these projects to enhance its focus on core gold production and exploration. Investor interest, evidenced by $75 million in IPO applications for Valiant Gold's ASX listing, demonstrates a robust market appetite for operating gold resources in Australia, even from new sector entrants. This transaction, announced on 2026-03-13, channels capital into established Australian gold production.