Valiant Gold Commissions Comet 6.1 MW Power Station

Valiant Gold (ASX:VAL) announced that the 6.1 MW power station at its Comet Gold Mine in Western Australia's Murchison region has been commissioned, advancing the restart towards a target of first production in H2 FY27.

Valiant says the power station, supplied by Silverstone Energy Pty Ltd, was installed and commissioned on schedule and within budget. Primary ventilation fans are fully operational, and installation and commissioning of the permanent dewatering system is progressing. Valiant says the Comet Restart Study remains on track for completion by the end of Q2 FY27 and that the underground mining and drilling services tender is progressing. Planned restart activities include a preliminary restart mining schedule alongside the Restart Study, appointment of the underground mining services contractor by the end of Q2 FY27, delivery and mobilisation of an initial 30-person accommodation camp, and appointment of an underground drilling contractor followed by grade-control and resource-definition drilling. The Comet mine trend hosts a Mineral Resource Estimate of 3.77Mt @ 2.51g/t Au for 304koz of gold, taken from the prospectus dated 16 February 2026. Comet is 14 km by road from the Tuckabianna Mill and 110 km from the Bluebird Mill, both accessible under the ore purchase agreement with Westgold Resources.

First production remains a target. The Restart Study is not complete, the mining and drilling contractors are not yet appointed, and the release does not state restart capital or the timing of dewatering completion.