Global Lithium Spins Out Marble Bar Gold Assets in $6M IPO Launch
Global Lithium Resources has lodged a prospectus for MB Gold's IPO, aiming to raise $6 million by spinning out its Marble Bar gold assets. This strategic move sharpens Global Lithium’s focus on its lithium projects while unlocking value from its gold holdings.
- MB Gold lodges prospectus for ASX IPO targeting $6 million raise
- Spin-out includes Marble Bar gold assets, retaining lithium tenements with Global Lithium
- Global Lithium shareholders receive priority rights in MB Gold IPO
- MB Gold to list under ASX code 'MBG' in Q1 2026
- Demerger aims to reduce costs and focus Global Lithium on lithium development
Strategic Spin-Out to Unlock Gold Asset Value
Global Lithium Resources Limited (ASX, GL1) has taken a decisive step to crystallise value from its gold assets by spinning out its Marble Bar gold tenements into a new entity, MB Gold Limited. The newly formed company has lodged a prospectus with the Australian Securities and Investments Commission (ASIC) to raise a minimum of $6 million through an initial public offering (IPO), with plans to list on the ASX under the ticker 'MBG' in the first quarter of 2026.
This move follows Global Lithium’s announcement in October 2025 and reflects a strategic refocus on its core lithium projects, particularly the flagship Manna Lithium Project near Kalgoorlie. By separating the gold assets, Global Lithium aims to reduce tenement holding costs and sharpen its development efforts on lithium, a critical mineral in the global energy transition.
Details of the Demerger and IPO Structure
MB Gold has acquired the rights to the precious and base metals on Global Lithium’s Marble Bar tenements, including notable prospects such as Twin Veins and Douglas Find. The package also includes strategic tenements from the Talga Project, consolidating a significant 12-kilometre gold-in-soil anomaly trend near the Mt Edgar Batholith.
As part of the transaction, MB Gold has issued 8 million shares to Global Lithium and will pay $900,000 in cash upon IPO completion. The IPO will issue at least 30 million shares at $0.20 each, with Ventnor Securities appointed as Lead Manager. Importantly, Global Lithium shareholders will have priority rights to subscribe for up to 5 million shares, ensuring they maintain exposure to any upside from future discoveries.
Governance and Market Positioning
The MB Gold board will be led by Executive Director Logan Barber, with Non-Executive Directors Dianmin Chen and Michele Muscillo providing oversight. Global Lithium will retain approximately 18% ownership in MB Gold post-IPO, positioning it to benefit from any value appreciation while focusing its resources on lithium development.
The prospectus, now lodged with ASIC, outlines the risks, financials, and exploration plans for MB Gold’s assets. Investors are encouraged to review the document thoroughly once available on the ASX and MB Gold websites. The offer is subject to regulatory approvals and is expected to open shortly.
Implications for Global Lithium’s Future
This demerger marks a pivotal moment for Global Lithium, allowing it to streamline operations and capital allocation. By unlocking the value of its gold assets through MB Gold’s IPO, Global Lithium can intensify its focus on advancing lithium projects that underpin its long-term growth strategy amid rising global demand for battery minerals.
Investors will be watching closely how MB Gold’s market debut unfolds and how effectively Global Lithium leverages this restructuring to enhance shareholder value.
Bottom Line?
The MB Gold IPO sets the stage for Global Lithium to sharpen its lithium focus while unlocking gold asset value.
Questions in the middle?
- How will MB Gold’s exploration plans translate into resource growth post-IPO?
- What impact will the spin-out have on Global Lithium’s financial flexibility and project timelines?
- How receptive will the market be to MB Gold’s valuation and growth prospects at listing?
