Sep 2, 2026 – 5.34pmIt’s crunch time at Wiluna Mining, the West Australian gold player that is running out of options as its lenders seek a payday.Wiluna Mining next week will file documents for an initial public offering to relist on the ASX with about $500 million market capitalisation (on a fully diluted basis), sources familiar with the discussions told Street Talk on the condition of anonymity. That’s despite the company suspending its processing operations a month ago.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Wiluna Mining prepares to file documents for ASX relisting
The IPO book-build, originally expected in July, was held up after a carbon-in-leach tank ruptured at Wiluna’s processing plant at the end of that month.
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