Wyloo Consolidated Investments Pty Ltd (Wyloo) has closed its on-market takeover offer for all of the shares in Mincor Resources NL (Mincor). Wyloo will now proceed to compulsory acquisition of the remaining Mincor shares under the compulsory acquisition process.
The on-market takeover by Wyloo was unanimously recommended by the Mincor Board. Mincor controls a quality portfolio of nickel sulphide assets in the prolific Kambalda district. This transformative acquisition will turn Wyloo into an integrated nickel producer, with high-grade nickel production from Kambalda feeding a future downstream processing plant in Kwinana.
Corporate Advisory Partner Sarah Turner, who played a crucial role in advising Mincor on the acquisition, stated, "this transaction represents a pivotal moment for both Mincor and Wyloo and secures a stable source of high-quality nickel for Wyloo, positioning them to capitalise on the growing demand for nickel products worldwide.”
In addition to Sarah Turner, Partner Justin Mannolini, Senior Associate Michael Van Der Ende and Lawyers including Janelle Sputore, Lucy Burns and Graduate Tom Penglis played significant roles in advising on the success of this transaction.