Merger Completed
Alkane Resources and Mandalay Resources merger
A$1bn equity value
Announced 28 Apr 2025
Advisers
Mandalay Resources
Target
- Financial adviser
- Legal adviser
- Independent expert
- Fairness opinion to the Mandalay Board
Alkane Resources
Acquirer
- Financial adviser
- Legal adviser
Other advisers
- Target
- Mandalay Resources
- Acquirer
- Alkane Resources
- Completed
- 19 Aug 2025
- Sector
- Gold and silver
In the league tables
- M&A financial advisers, Calendar 2025 Euroz Hartleys #13 · Bell Potter #20 · Haywood Securities #21
- M&A financial advisers, completed, Calendar 2025 Euroz Hartleys #9 · Bell Potter #17 · Haywood Securities #17
- M&A legal advisers, Calendar 2025 Clayton Utz #7 · HopgoodGanim Lawyers #27 · Bennett Jones #28 · Goodmans #30
- M&A legal advisers, completed, Calendar 2025 Clayton Utz #16 · HopgoodGanim Lawyers #23 · Bennett Jones #24 · Goodmans #25
Similar deals
- OceanaGold acquisition of Ausgold Aug 2026 · A$776m · Gold and silver
- Genesis Minerals acquisition of Magnetic Resources Feb 2026 · A$639m · Gold and silver
- Orezone Gold acquisition of Hecla Quebec Jan 2026 · A$536m · Gold and silver
- Dundee Precious Metals acquisition of Adriatic Metals Jun 2025 · A$2bn · Gold and silver
- Perseus Mining acquisition of Predictive Discovery Dec 2025 · A$2.1bn · Gold and silver
Sources
- 28 Apr 2025 Alkane & Mandalay Merger Arrangement Agreement ASX
- 28 Apr 2025 Alkane & Mandalay Merge to Create Gold & Antimony Producer ASX
- 27 Jun 2025 Mandalay Management Information Circular ASX
- 7 Aug 2025 Clayton Utz advises TSX-listed Mandalay Resources on its merger with ASX-listed Alkane Resources creating a A$1 billion gold producer claytonutz.com
- 8 Aug 2025 HopgoodGanim Lawyers advises Alkane Resources Ltd in transformative $1B gold-antimony merger hopgoodganim.com.au
- 19 Aug 2025 HopgoodGanim helps Alkane Resources complete ~$1bn combination with Mandalay Resources thelawyermag.com