Mallesons has advised Regis Resources Limited (ASX:RRL) on its proposed merger of equals with Vault Minerals Limited (ASX:VAU), to create Australia's third largest primary ASX-listed gold producer with a pro forma market capitalisation of approximately A$10.7 billion.
Under the proposed transaction, Regis will acquire 100% of the fully paid ordinary shares in Vault by way of a Vault scheme of arrangement, with Vault shareholders to receive new fully paid ordinary shares in Regis as scheme consideration. On implementation, Regis shareholders will own approximately 51% and Vault shareholders approximately 49% of the combined company.
The Mallesons team was led by M&A Partner Nigel Hunt, with Senior Associates Allison Warrier and Caitlin Sharp, and Solicitors Gabrielle O'Hara and Ellie Thomas. The core deal team was supported by specialists across Mallesons including the teams led by Ruth Rosedale (Employment), Simon Cooke (Competition Law), Tim Edwards (Mining and Tenure), Emily Heffernan and Sally Audeyev (Environment & Native Title), and Nathan Collins (Banking).
Implementation of the Scheme is targeted for August/September 2026, subject to Vault shareholder, Court and regulatory approvals, including ACCC clearance.
Commenting on the transaction, Mallesons Partner Nigel Hunt said:
“Mergers of equals at this scale demand a careful balance of value, governance and execution. The combination produces a senior gold producer with the operational depth and balance-sheet capacity to compete for institutional capital globally - a step-change in the relevance of the Australian gold sector.”
The transaction extends Mallesons' track record advising Australia's leading resources companies on transformational mergers and acquisitions.
