Reedy Gold Mine Set for New Chapter The old Reedy Gold Mine in Western Australia is set to get a second chance, following a major corporate restructure by Westgold Resources. Westgold has announced plans to spin out the Reedy project, along with the nearby Comet project, into a new ASX-listed company called Valiant Gold. Fast Track to Processing Under the proposed structure, ore from Reedy and Comet will be processed at Westgold’s existing plants. This removes the need for Valiant to build its own processing facilities, providing a lower-capital and faster pathway back to gold production. The Reedy and Comet assets include historic underground mines with recent production history and established infrastructure. Westgold Retains Exposure Following the spin-off and IPO, Westgold will retain up to 48 per cent of the new company. This allows Westgold to stay exposed to any upside from future production or exploration success, while focusing its capital on larger, core operations. Unlocking Smaller Gold Assets The spin-out structure is designed to unlock value from smaller gold assets that may struggle to compete for capital within a larger producer. With a dedicated management team and access to processing infrastructure, Valiant Gold is positioned to advance Reedy and Comet independently — raising the question of whether this model could become a blueprint for reviving other historic gold mines across Western Australia.

Reedy Gold Mine Set for New Chapter The old Reedy Gold Mine in Western Australia is set to get a second chance, following a major corporate restructure by Westgold Resources. Westgold has announced plans to spin out the Reedy project, along with the nearby Comet project, into a new ASX-listed company called Valiant Gold. Fast Track to Processing Under the proposed structure, ore from Reedy and Comet will be processed at Westgold’s existing plants. This removes the need for Valiant to build its own processing facilities, providing a lower-capital and faster pathway back to gold production. The Reedy and Comet assets include historic underground mines with recent production history and established infrastructure. Westgold Retains Exposure Following the spin-off and IPO, Westgold will retain up to 48 per cent of the new company. This allows Westgold to stay exposed to any upside from future production or exploration success, while focusing its capital on larger, core operations. Unlocking Smaller Gold Assets The spin-out structure is designed to unlock value from smaller gold assets that may struggle to compete for capital within a larger producer. With a dedicated management team and access to processing infrastructure, Valiant Gold is positioned to advance Reedy and Comet independently — raising the question of whether this model could become a blueprint for reviving other historic gold mines across Western Australia. — ASX:WC8| ASX Mining News & Discussion