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Hammer takeover clears court stage with gold demerger attached

4:49pm on Friday 2nd of October, 2026 AEST • Mining
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Hammer takeover clears court stage with gold demerger attached

4:49pm on Friday 2nd of October, 2026 AEST
Key Points
  • Federal Court orders Scheme and Demerger meetings for 9 November
  • BDO values Scheme Consideration at A$0.091 versus A$0.054 for Hammer shares
  • Shareholders to receive 1.2903 Austral shares for each Hammer share
  • Western Australian gold assets to move into unlisted SpinCo
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