Ann: Quarterly Activities Report, page-12

The current plan under consideration would include Australian Mines combining the identified Western Australian assets with the existing project holdings of Norwest Gold and listing the entity on the ASX in the first half of 2018. If this were to occur, it is the intention of the Company to do an In-specie Distribution of the proposed listed entity securities back to Australian Mines shareholders.
In simple terms, if the spin-out and proposed listing goes ahead, Australian Mines shareholders would receive shares in the newly-listed company, that are able to be traded from day one of the securities being listed of the ASX, effectively handing the true market value of the Marymia and Arunta West assets back to Australian Mines shareholders.
Further details of the proposed spin out will be made available later in the March quarter.