Under the Agreement, MinRes will acquire RDG assets, including the Lucky Bay garnet mine, following creditor approval of MinRes’ proposed Deed of Company Arrangement (DOCA) on 1 September 2025.
Details of MinRes’ DOCA proposal were contained in the Administrator’s Report to Creditors as notified in RDG’s announcement of 25 August 2025.
MinRes will assess options to best realise value from the assets for the company’s shareholders.
All decisions relating to RDG and the acquisition have been undertaken by the MinRes Board, with Managing Director Chris Ellison and MinRes nominees on the RDG Board not involved in deliberations.
“The Board and I sought to ensure that MinRes shareholders could realise some value from their investment, and that there were no perceived conflicts in our decisions on RDG’s future,” said MinRes Chair Malcolm Bundey.
“I want to thank RDG’s employees for continuing to operate safely and productively during this process.”
