Mineral Resources Limited (MinRes) is set to acquire RDG's assets, including the Lucky Bay garnet mine, following creditor approval of its Deed of Company Arrangement.

Information on the Target

MinRes is set to acquire the assets of RDG, which notably includes the Lucky Bay garnet mine. This acquisition is contingent upon the creditor approval of MinRes’ proposed Deed of Company Arrangement (DOCA), which was officially approved on September 1, 2025. The acquisition is a significant move for MinRes as it aligns with the company’s strategy to enhance its asset portfolio and contribute to its long-term growth.

The assets that MinRes will be taking over have been deemed crucial for both RDG’s operations and for the future prospects of MinRes. The Lucky Bay garnet mine, in particular, presents opportunities for value realization and strategic positioning in the market.

Industry Overview in the Target’s Specific Country

Australia’s mining industry is one of the key components of the country's economy, contributing significantly to GDP and employment while being one of the largest global producers of essential minerals and material