Latest Asset Divestment News

Wellnex Life Limited reported a robust Q4 FY25 with a 22% sales increase and positive operational cash flow, underpinning its strategic growth initiatives backed by new debt funding.

Infinity Mining Limited reported a significant cash outflow in the June quarter and is pursuing divestments of its Western Australian projects to shore up finances. The company remains confident in securing additional funding to sustain operations.

Flynn Gold has sold its Mount Dove Project tenement in Western Australia for $200,000, marking the start of a strategic divestment of non-core assets to fund exploration in Tasmania.

Vintage Energy reported a modest decline in quarterly sales revenue and production but strengthened its cash position through a fully subscribed capital raising and strategic asset sale agreement. The company also initiated a promising feasibility study on a CO2 liquefaction plant at Nangwarry.

Yandal Resources reports promising drilling results from its Caladan and New England Granite targets, highlighting potential for significant gold discoveries in Western Australia’s Yandal Greenstone Belt.

Garda Property Group has entered a call option agreement with Halpin Property Group to sell its Cairns Corporate Tower for $77.5 million, slightly above valuation, aiming to reduce debt and sharpen its asset focus.

Tigers Realm Coal’s planned sale of its Russian subsidiaries faces significant delays and a pricing impasse, with regulatory hurdles and sanctions complicating the exit process and triggering an ASX trading suspension.

Austin Metals has agreed to sell its Broken Hill exploration licenses to Kingfisher Mining for $400,000, marking a strategic shift to focus on its Western Australian gold projects.

Merchant House International has completed the sale of its American Merchant, Inc. assets, generating significant profits and setting the stage for winding up operations and voluntary delisting from the ASX.

Mantle Minerals has agreed to sell its Mt Roe gold project subsidiary for $13.5 million, marking a pivotal step in its growth strategy. The company also secured a government drilling grant for its Mt Berghaus project and raised $250,000 to support ongoing operations.

88 Energy Limited reports significant progress on its Alaskan projects with a robust prospective resource base and advancing farm-out deals, while securing a key license extension in Namibia and negotiating asset divestment in Texas.

M3 Mining Limited reports steady progress at its Edjudina Gold and Victoria Bore Copper projects, alongside significant corporate restructuring and the sale of its energy subsidiary.