Lexington Gold Ltd (LEX): USA projects strategic options review
This situation live
LEX Lexington Gold Ltd
13 Jan 2026 · Assessment ongoing · −18% until the next step
progress the current work associated with assessing strategic options for the group's USA projects; and
9 Apr 2026 · Board assessing options; no decision yet · −15% until the next step
Accordingly, the Board is currently considering a range of strategic options in relation to the Company's U.S. assets.
24 Jun 2026 · Binding sale agreement signed, conditional on ASX re-listing · −16% until the next step
The parties may terminate the Agreement if any of the conditions are not satisfied or waived by 5.00 p.m. (WST) on 30 November 2026 which is extendable in certain prescribed circumstances.
23 Sep 2026 · Conditional agreement; awaiting GoldOz re-listing · −8% until the next step
On 24 June 2026, the Company entered into a conditional agreement with GoldOz Ltd (“GoldOz”) for the proposed sale of its principal US gold project interests, through the disposal of 100% of Global As
5 Oct 2026 · Conditional agreement; new CEO to progress sale · −2% since
including progressing the previously announced disposal of the Company’s US assets
USA projects strategic options review
Conditional agreement; new CEO to progress sale
Next: GoldOz ASX re-listing and completion of the sale
Every step · 5
- 13 Jan 2026 Assessment ongoing – progress the current work associated with assessing strategic options for the group's USA projects; and ↗
- 9 Apr 2026 Board assessing options; no decision yet – Accordingly, the Board is currently considering a range of strategic options in relation to the Company's U.S. assets. ↗
- 24 Jun 2026 Binding sale agreement signed, conditional on ASX re-listing – The parties may terminate the Agreement if any of the conditions are not satisfied or waived by 5.00 p.m. (WST) on 30 November 2026 which is extendable in... ↗
- 23 Sep 2026 Conditional agreement; awaiting GoldOz re-listing – On 24 June 2026, the Company entered into a conditional agreement with GoldOz Ltd (“GoldOz”) for the proposed sale of its principal US gold project... ↗
- 5 Oct 2026 Conditional agreement; new CEO to progress sale – including progressing the previously announced disposal of the Company’s US assets ↗
What is happening
Lexington Gold Ltd: USA projects strategic options review – Conditional agreement; new CEO to progress sale. ['Conditional agreement; new CEO to progress sale']
- In short
- Board signed a conditional agreement on 24 June 2026 to sell the 51% US project interests to GoldOz, with completion subject to GoldOz re-listing on the ASX. This announcement hands responsibility for progressing the disposal to Mark Greenwood, who becomes CEO. No new terms or dates given.
- Announced
- 13 Jan 2026 · Assessment ongoing
- Latest
- 5 Oct 2026 · Conditional agreement; new CEO to progress sale
- Buyer
- GoldOz Ltd
- Business sold
- 100% of Global Asset Resources Ltd, holding 51% of Jennings-Pioneer, JKL and Carolina Belle
- Consideration
- Cash, GoldOz equity, potential milestone consideration and a net smelter royalty
- Conditions
- Completion subject to conditions including GoldOz's proposed ASX re-listing
- Rationale
- Focus management time and capital on South African Witwatersrand portfolio
- Owner of process
- New CEO Mark Greenwood leads progression of the disposal
What comes next
GoldOz ASX re-listing and completion of the sale.
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