Vault Minerals Limited (ASX:VAU)

ALERT: Price-sensitive ASX Announcement for VAU

Current share price for VAU : $4.870 0.31 (6.80%)⁺

Announcement

Receipt of Superior Proposal from Genesis Minerals

Release

6 Jul 2026 8:22AM

Price at Release

$4.560

Full Release

Summary

Vault Minerals Limited has received a superior proposal from Genesis Minerals Limited to merge the companies through the acquisition of all Vault shares via a scheme of arrangement. The proposed consideration is 0.7629 Genesis shares plus $0.475 in cash for each Vault share, valuing Vault at approximately $5.6 billion or $5.27 per share. This offer represents a substantial premium over an existing proposal from Regis Resources Limited. The board of Vault has determined Genesis's offer to be superior, initiating a matching rights period for Regis to propose a counter-offer by 10 July 2026. The proposal is not contingent on financing or due diligence and is expected to yield operational and administrative synergies. RBC Capital Markets and Corrs Chambers Westgarth are advising Vault in this matter.

Key Points

Genesis proposes to acquire all ordinary shares in Vault through a scheme of arrangement.
Consideration of 0.7629 new Genesis shares and $0.475 in cash per Vault share.
Genesis Proposal values Vault at $5.6 billion or $5.274 per share.
Genesis Proposal offers a 14.5% premium over Regis Resources' offer.
Vault board considers Genesis Proposal a 'Vault Superior Proposal'.
Regis has a matching right period until 11:59pm on 10 July 2026.
Vault directors have unanimously determined the proposal as superior.
No financing or due diligence condition on the Genesis Proposal.
Genesis Proposal includes operational and administrative synergies potential.
RBC Capital Markets and Corrs Chambers Westgarth are advising Vault.

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.