Australia's Vault Minerals jumps, Regis Resources slides on merger deal

Vault Minerals

05/05/2026 01:37

** Vault Minerals VAU.AX jumps as much as 6.4% to A$4.79 in its biggest intraday pct gain since April 8, while Regis Resources RRL.AX slides as much as 4.6% to A$6.84

** RRL and VAU will combine in an all‑stock merger valuing the merged entity at ~A$10.7 billion ($7.67 billion), with RRL offering 0.6947 shares per VAU share - joint statement

** RRL’s bid implies a 10.7% premium to VAU's last close

** Merger expected to unlock more than A$500 million in tax benefits and lower the merged group's cost of capital

** Under the agreed terms, RRL shareholders will hold ~51% of the merged group, with both boards unanimously backing the deal in the absence of a superior offer - joint statement

** YTD, RRL down 5%, while VAU has shed a steeper 17.6%

($1 = 1.3957 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))