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Clayton Utz advising Wyloo Consolidated on $760 million takeover offer for Mincor Resources 

Corporate partners Mark Paganin and Stephen Neale are leading our team working alongside the Wyloo team, with key support from senior associate William Davies, and lawyers Tashreen Tourabaly, Victoria Bandurski and Matthew Ledger. Other core team members include partners Peter Feros and Keshni Maharaj and senior associates Amy Liu and David Wong (Tax), and partner Kate Casellas (Banking & Financial Services).

Mincor is an ASX-listed Australian company involved in the exploration for and mining of mineral resources. Mincor has two major projects, being the Kambalda Nickel Operations, which comprise the brownfields Northern Operations and the greenfields Cassini Nickel Mine, and the Widgiemooltha Gold Project, a gold exploration opportunity. The Wyloo Group is Mincor’s largest shareholder with an interest of 19.9% of Mincor shares.

The Offer price of $1.40 cash per share implies an equity value for Mincor of approximately A$760 million and represents a 35% premium to the closing price of Mincor shares on 20 March 2023, the last trading day prior to this announcement.

/Public Release.