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Valiant Gold Limited (ASX:VAL)

ALERT: Price-sensitive ASX Announcement for VAL
Current share price for VAL : $0.230 0.04 (21.05%)+
Announcement
Release
21 Jul 2026 8:27AM
Price at Release
$0.190
Full Release
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Summary
Valiant Gold Limited announced the successful re-entry into the Comet Underground Mine, marking a significant milestone toward restarting production. Initial inspections revealed favorable conditions, with lower-than-expected water levels, serviceable underground infrastructure, and minimal rehabilitation required. The collected data will inform ongoing mine engineering and planning, with efforts underway to accelerate the restart timeline. The Comet Gold Project, located near Cue, Western Australia, holds a Mineral Resource Estimate of 3.77 million tonnes at 2.5g/t gold for 304,000 ounces of gold. Valiant has partnered with Westgold Resources for ore processing, and further updates will be provided as studies progress.
Key Points
  • Successful re-entry to Comet Underground Mine achieved
  • Positive initial inspection findings with lower water levels
  • Serviceable infrastructure and minimal rehabilitation needed
  • Comet Gold Project holds 3.77 million tonnes at 2.5g/t Au
  • Partnership with Westgold Resources for ore processing
  • Efforts underway to accelerate mine restart timeline
  • Updates to be provided as studies and work streams progress
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.