Latest Asset Divestment News

Aeris Resources has announced a significant $90 million equity raise through a placement and share purchase plan, aiming to strengthen its balance sheet and fund key growth projects. The raise comes with a discount to recent share prices and supports the company’s strategic expansion and operational improvements.

GBM Resources has launched a major drilling campaign at its Twin Hills gold project and raised A$40 million to fund exploration and development across its Drummond Basin portfolio.

Hastings Technology Metals has completed a transformative joint venture with Wyloo for its Yangibana Rare Earths Project, eliminating $123 million in debt and divesting its gold portfolio to sharpen its rare earths focus.

Deterra Royalties reported a 10% rise in quarterly revenue driven by iron ore royalties and gold offtakes, completed a US$82 million sale of non-core assets, and marked progress on the Thacker Pass lithium project amid leadership changes.

Core Energy Minerals reports promising exploration results with significant rare earth element grades in Brazil and uranium intercepts in South Australia, alongside strategic management appointments and asset divestment.

Frontier Energy secures 88.06 MW capacity credits for its Waroona Project Stage One, guaranteeing approximately $32 million in annual fixed revenue and outlining a multi-stage expansion aligned with Western Australia's energy transition.

Korab Resources has completed key geophysical surveys at its Rum Jungle Project and progressed pre-feasibility studies for magnesium products, while navigating ASX suspension and pursuing asset divestments.

Asara Resources has completed a A$25 million placement to accelerate exploration at its flagship Kada Gold Project in Guinea, with initial drilling confirming high-grade gold continuity and new deeper mineralisation zones.

Duxton Farms has completed its strategic merger, acquiring full ownership of four Australian agricultural companies and setting the stage for a diversified investment platform.

Kelsian Group reported steady FY25 financial results with a 9.5% revenue increase and reaffirmed FY26 EBITDA guidance, while progressing the strategic divestment of its tourism assets to sharpen focus on core transport services.

Centuria Industrial REIT has secured a landmark 10-year lease with Tesla, delivering a 133% re-leasing spread and deferring redevelopment plans, while pursuing a major data centre expansion in Victoria.

Aldoro Resources has confirmed a substantial inferred mineral resource at its Kameelburg Rare Earth Element and Niobium project in Namibia, with Phase II drilling underway targeting high-grade zones. The company also moves to streamline its portfolio by divesting non-core assets.