Street Talk

Tulla Resources launches $129m block trade in Pantoro Gold

Sarah Thompson, Kanika Sood and Emma Rapaport

Updated Dec 2, 2025 – 10.02am, first published at 9.27am

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Pantoro Gold’s major shareholder, Tulla Resources, kicked off a $129 million sell-down in the $2.1 billion Western Australia gold miner ahead of the market open on Tuesday.

Just over 25 million shares were on offer, representing about 6.5 per cent of the company, at a fixed price of $5 per share. This represents a 7.2 per cent discount to the last close price.

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.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.