Latest Asset Divestment News

Renegade Exploration has divested its 22% interest in the Carpentaria Joint Venture to True North Copper for $2.88 million, opting for a mix of cash, shares, and performance rights to maintain exposure to the project’s upside while refocusing on North American assets.

Clara Resources has appointed Duncan Gordon as Executive Director, signalling a strategic pivot to accelerate exploration at its Mareeba Gold Project in North Queensland. Former Managing Director Peter Westerhuis steps down but remains as a consultant.

Great Northern Minerals Ltd has finalised the sale of its remaining minority interest in Golden Ant Mining Pty Ltd, receiving $1.9 million in cash and strengthening its liquidity to approximately $4.4 million. The company plans to deploy these funds towards ongoing exploration and potential acquisitions.

Elanor Investors Group posted a half-year loss for HY26, with funds under management halving due to asset divestments and the Challenger mandate unwind. The group is advancing a $125 million recapitalisation to stabilise its balance sheet and reduce borrowing costs.

Elanor Investors Group posted a net loss after tax of $13.8 million for the half year ended 31 December 2025, with no interim distribution declared. The group is progressing a strategic recapitalisation with Rockworth Capital Partners to strengthen its balance sheet amid ongoing financial challenges and material uncertainty about its ability to continue as a going concern.

Orange Minerals NL has agreed to sell certain tenements of its Majestic Project in Western Australia to Auravelle Metals Limited, receiving $200,000 in Auravelle shares as consideration. This move aligns with Orange Minerals' strategy to focus on core assets like its Tepa gold project in Ghana.

The Star Entertainment Group has locked in a binding refinancing agreement with WhiteHawk Capital Partners, securing US$390 million to refinance existing debt and boost liquidity. This move aims to stabilise the company’s financial footing ahead of key regulatory approvals and asset sales.

Fatfish Group has revealed improper conduct by a former service provider that delayed its 2024 financial reporting, while outlining ongoing legal actions and a strategy to relist on the ASX within four months.

Aeris Resources has finalised the sale of its North Queensland copper assets to Dingo Minerals, unlocking immediate cash and environmental bond releases with further payments contingent on production milestones.

EVT Limited has successfully refinanced its debt facilities, increasing capacity to $750 million with improved interest margins, positioning the group for its strategic pivot towards the hotel sector.

Aguia Resources has completed the sale of its non-core Atocha Silver Project in Colombia, receiving the final C$1 million cash payment and fully divesting its interest. This move reflects a strategic shift to focus on near-term production assets and strengthens the company’s balance sheet.

Elanor Investors Group reported a $57 million statutory loss for FY25 but is progressing a $125 million recapitalisation with Rockworth Capital Partners to stabilise its balance sheet amid ongoing financial challenges.