Wiluna Mining Corporation Limited has completed a $180 million Initial Public Offering (IPO) and re-listed on the ASX on 22 October 2026. The company also suspended surface and tailings reprocessing operations following a Carbon-in-leach (CIL) tank rupture on 25 July 2026.
Material actions and disclosures
Wiluna Mining Corporation Limited announced the completion of its $180 million IPO, raising funds to support its revitalisation efforts and strategic restart plans. The company has also repaid its remaining Byrnecut secured loan facility in full, leaving it debt-free.
The company suspended surface and tailings reprocessing operations following the CIL tank rupture. As a result, the company undertook a restructure of site personnel, resulting in 91 redundancies.
Wiluna Mining has also completed a 7,679-metre grade control program at the Golden Age Underground Project and is now undertaking resource definition drilling at Happy Jack Lower.
Forward commitments
Wiluna Mining Corporation Limited aims to continue exploration activities in the Wiluna Northwest area, with RC drilling having commenced in October and regional exploration planned for the first quarter of 2027.
The company also plans to invest in underground infrastructure to support a potential restart, including the installation of a new underground electrical substation.