Advance Metals and Sky Metals plan to spin out their NSW and Victorian gold projects into a new company, NewCo, funded by a proposed $6 million IPO. width=device-width, initial-scale=1, shrink-to-fit=no" name="viewport"/>Advance, Sky cook up $16M float for eastern gold assets. Market analysts and industry participants are closely tracking the development to assess its impact on consumer pricing, liquidity, and domestic business sentiment over the coming quarters.