Australia’s newest gold miner joins ASX with assistance from Thomson Geer

Thomson Geer has advised on the successful listing of Australia’s newest gold company on the Australian Securities Exchange, underscoring continued strength in the gold sector and the firm’s track record in delivering complex capital markets transactions.

Shares in Valiant Gold Ltd (ASX: VAL) commenced trading on the ASX on 27 March 2026, following an oversubscribed initial public offering which raised A$75 million.

Valiant was formed through the demerger of non-core assets from gold producer Westgold Resources Ltd. The new entity will focus on advancing the Reedy and Comet Gold Projects in Western Australia, while Westgold continues to concentrate on its core Murchison and Southern Goldfields operations.

The listing comes against a backdrop of sustained high gold prices, which have driven increased levels of corporate activity across the sector. Elevated prices are supporting exploration, development and consolidation, as companies seek to scale operations, extend mine life and optimise portfolio quality.

Thomson Geer’s Chambers and Legal 500-ranked Corporate and Energy & Resources teams are active across the full spectrum of gold sector activity, including capital raisings, initial public offerings, project and acquisition financings, and mergers and acquisitions. Over the past 12 months, the firm has advised Australian and international clients on more than 15 significant transactions in the sector.

Thomson Geer advised Westgold on the demerger and Valiant on its IPO.

Partner David Church, who led the transaction, said:

“This transaction highlights the continued depth of investor demand for high-quality gold assets and the strength of the Western Australian gold sector as a global investment destination.

The successful demerger and IPO positions Valiant to unlock value from its project portfolio, while allowing Westgold to sharpen its focus on its core producing assets. We were pleased to support both companies on this important milestone.”

The Thomson Geer team also included Senior Associate Kajal Parmar, with support from the Energy & Resources team led by Partner Paul Harley, Lawyer Adam Zuks-Baker and Law Graduate Eliza Parnell.

Thomson Geer also recently advised Westgold on its A$2.2 billion merger with Canadian gold miner Karora Resources, further demonstrating the firm’s leading role in the gold sector.