Australian gold company Cleveland Mining Limited plans to list on the Australian Stock Exchange, according to a company statement released today.

As part of a reverse-takeover agreement, shareholders of Western Kingfish (ASX: WKF) will be asked to approve the acquisition of Cleveland Mining Limited.

Western Kingfish would rename itself as Cleveland Mining Company Ltd.

Given Western Kingfish's current status as a shell company, Cleveland's management expect the deal to be passed without opposition, the gold miner said.

Cleveland Mining is led by former Fortescue Metals Group Head of Mining Jim Williams, who is a non-executive director with Cleveland, and Fortescue's former Head of Business Improvement David Mendelawitz, who is the CEO of Cleveland Mining.

"Cleveland has five high-potential projects in and around the Crixás goldfields in central Brazil. Initial drilling and sampling has shown that high-grade ore exists in all the projects. We already have four rigs working twenty-four hours a day in two of the projects, though immediately after listing we will triple this number with rigs on all five projects," said Mr Mendelawitz.