Every Spin-Off
Manda Resources
AnnouncedAUExplores for gold in North Queensland, Australia, at the Alice River and St George projects, combined with Territory Minerals' gold assets for about 1.33Moz of resources.
Broken Hill Gold is demerging its North Queensland gold assets (Alice River and St George) into Manda Resources, which is also acquiring Territory Minerals to create a combined resource of about 1.33Moz of gold, with Emerald Resources as cornerstone investor.
- Status
- Announced
- Expected
- Mid-Dec 2026 (targeted)
- Parent
- Broken Hill Gold (formerly Pacgold) (BH6 AU)
- Spin-off ticker
- To be announced
- Listing
- ASX
- Market
- Australia
- Sector
- Materials
Terms
In-specie distribution of about 64m Manda shares (1 Manda share for every 6.76 shares, deemed IPO price 25c) alongside a A$21m IPO, after a A$9m pre-IPO seed round; requires BH6 shareholder approval at a general meeting in early December 2026. ASX has indicated in principle that shares received in the distribution will be escrowed for 12 months from issue, and promoter and related-party shares for 24 months from quotation.
Key dates
- Demerger announced
- Demerger of assets to Manda completed; indicative timetable
- Notice of meeting dispatched
- BH6 general meeting / distribution effective
- Targeted Manda ASX admission
Source documents
- Press releaseDemerger update and timetable (09/22/26)
- PresentationNot yet published
- Prospectus / demerger documentNot yet public
- Sourceinvestorpa.com (announcement PDF)
- Sourcemarketindex.com.au (Strategic demerger of North Qld assets)
- Sourcealbanyadvertiser.com.au
Every Spin-Off research
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