Latest Asset Disposal News

Stonehorse Energy returned to profit in FY2026 as Canadian production and oil exposure lifted revenue, while the company sold its US assets after year-end. The next test is whether Drumheller can convert production growth into sustainable cash flow while carrying new debt.

Noronex Limited (ASX:NRX) swung to a A$1.145 million statutory profit in FY2026, but the result was driven mainly by tenement disposal gains while operating cash outflows increased sharply. The auditor also highlighted material uncertainty over the explorer’s ability to continue without further funding.

Thor Energy has pushed HY-Range closer to drilling after recording natural hydrogen readings of up to 3% and commissioning a 464 line-kilometre seismic survey. But the annual report also carries an explicit material uncertainty over going concern, leaving funding as the project’s immediate constraint.

Latitude 66 returned to a A$1.71 million FY2026 profit as asset sales funded a larger gold resource base and major KSB milestones. But the auditor flagged material uncertainty over the explorer’s ability to continue without further funding.

Beacon Minerals has reported a sharp FY2026 recovery, underpinned by higher gold revenue, Lady Ida production and a substantial increase in the Iguana Ore Reserve. The headline profit includes a sizeable asset-sale gain, leaving the next test focused on recurring mine performance.

RAM Essential Services Property Fund has posted a $30.1 million FY2026 statutory loss as property values weakened, while its planned $218.6 million retail sale prepares the fund for a healthcare-focused reset. The transaction could reduce gearing to 16.8%, but FY2027 distribution guidance is below the latest payout and refinancing remains unfinished.

Mantle Minerals reported a $12.50 million FY2026 profit after selling Mt Roe Mining to Northern Star for $13.5 million, while continuing operations remained loss-making. The company ended the year with $5.50 million in cash and is redirecting capital towards Yule River and Carlton Hill exploration.

Lord Resources has extended copper mineralisation across multiple lodes at Ilgarari, but its FY2026 annual report carries a material uncertainty over whether the explorer can continue as a going concern. The company ended the year with $554,820 in cash after a $2.54 million loss and $1.87 million of operating cash outflows.

Prairie Lithium has moved its Saskatchewan project closer to commissioning, with Pad #1 construction advancing and Hydro Lithium agreeing to buy all Phase 1 output. The progress came alongside a A$3.46 million FY2026 loss, further equity issuance and a year-end cash balance of A$5.85 million.

Pantera Minerals has received an unqualified audit opinion for its 2026 financial report, with the disposal of its Daytona Lithium and Folsom Point subsidiaries emerging as the year’s defining accounting event. The report also places a $507,994 exploration asset under audit scrutiny as the company advances its remaining portfolio.

Abacus Group will sell its entire 19.60% interest in Storage King Group for $284.8 million, using the proceeds to repay debt and reduce gearing to about 30%. The transaction simplifies the group’s structure, but part of the sale still requires securityholder approval.

Altitude Minerals has lodged a prospectus for a non-renounceable $1.49 million entitlement offer, but warns the issue is ununderwritten and highly unlikely to be fully subscribed. The company is seeking up to $2.6 million in total funding for Nevada drilling, business development and working capital.