Latest Asset Sale News

Beach Energy has agreed to sell its 60% stake in the VIC/L35 Otway Basin permit, including the Artisan gas discovery, for $70 million upfront plus a production royalty expected to total around $140 million. The deal frees up over $500 million in capital, allowing Beach to focus on higher-return projects.

Coronado Global Resources has agreed to sell its Logan Mining Complex in West Virginia for nominal cash consideration, shifting liabilities to the buyer and aiming to sharpen focus on core metallurgical coal assets.

Vectus Biosystems has secured $791,000 through a placement to accelerate its lead fibrosis drug VB0004's Phase IB clinical trial and advance other drug candidates.

White Cliff Minerals has landed a CAD$250,000 exploration grant from Nunavut’s government to fund a 6,000m drilling campaign at the Danvers deposit, reinforcing the Rae Copper Project’s potential in a Tier-1 mining jurisdiction.

Legacy Minerals has delivered a robust Scoping Study for its Mt Carrington gold-silver-copper project, confirming a high-margin 12-year operation with significant growth potential and manageable capital requirements.

Dexus Convenience Retail REIT has agreed to sell three convenience retail assets for $8 million, achieving a 1.4% premium to book value, with proceeds earmarked for its on-market buy-back program.

Elanor Investors Group has obtained an ASX waiver allowing it to delay issuing stapled securities as part of its acquisition of Singapore-based Firmus Capital until July 10, 2026, due to pending regulatory approvals.

Sarama Resources has raised A$1.5 million through a private placement to fund copper-gold exploration in New South Wales and support its US$242 million arbitration claim against Burkina Faso. The arbitration hearing is set for February 2027, while Sarama plans to retain significant equity in Riedel Resources following a major asset sale.

Metgasco has obtained a A$500,000 bridging loan at 10% interest to cover immediate capital needs while advancing a broader debt restructuring plan.

CVC Limited announces the planned resignation of CEO Mark Avery by July 2026, triggering a leadership reshuffle with Executive Chair Craig Treasure set to become Managing Director and Andrew Ashwood stepping in as CEO.

US Masters Residential Property Group (URF) sold 40 properties for US$48.59 million in Q1 2026, cutting its portfolio to 121 assets valued at US$123.21 million. The Group targets a full exit by year-end amid stable market conditions despite geopolitical and local political challenges.

Kincora Copper has received a US$1.5 million non-refundable option payment from Tumen Ail Coal, marking a significant step toward divesting its Mongolian subsidiaries. The staged US$10 million deal supports Kincora’s shift to focus on Australian projects and its project generator model.