Latest Asset Sale News

Dexus has agreed to sell its half stake in 480 Queen Street, Brisbane, for $700 million, freeing capital to support higher-return projects and reduce gearing by about one percentage point.

LE Minerals has received further assay results from its Burke-Mt Dromedary drilling program, confirming thick, high-grade graphite mineralisation between deposits and supporting an expanded resource estimate. The company is advancing a $20 million sale of these assets to M Battery Materials, which plans an ASX IPO.

Ramelius Resources delivered solid June quarter results, hitting 53,466 ounces at an AISC of A$1,973/oz and generating A$138.3 million in underlying free cash flow. The company met full-year guidance for the sixth consecutive year, advanced key projects, and progressed a major asset sale.

Union Star Metals has sharpened its exploration focus on the Cobb Creek Gold Project in Nevada, identifying a significant concealed gold target and progressing toward maiden drilling while divesting non-core assets to streamline operations.

LDR Capital Property Fund has completed its fourth asset divestment since taking management earlier this year, selling a fully leased office in Felixstow for $30 million and realising $106 million in total proceeds to reduce debt.

Breakthrough Minerals has delivered promising assay results from its maiden drilling at Barbara, underpinning resource growth potential, while launching a new drilling campaign at Hazel Creek and securing A$5.15 million to fund an expanded exploration push.

Tasman Resources is gearing up for dual drilling campaigns at Lake Torrens and Parkinson Dam, supported by a recent $4 million placement and strategic asset sales.

Noronex Limited has struck a deal to acquire the Sleitat Tin Project in Alaska, marking a rare US tin opportunity, while pushing forward with copper and uranium exploration programs in Africa backed by South32.

Beam Communications reported a $168K operating cash outflow in Q4FY26 due to one-off costs but underlying cashflow excluding these was positive. The company ended the quarter with $4 million cash after a capital return and is exploring asset sales and shareholder returns to reposition for growth.

RAM Essential Services Property Fund (ASX: REP) has agreed to sell five retail properties to an institutional investor-backed fund, retaining a 10% stake and realising $218.6 million in value. The move reduces REP’s gearing to around 16% and rebalances its portfolio to 74% healthcare exposure.

Beach Energy delivered a solid FY26 with 19.4 MMboe production, a record 18 months without injuries, and a key Otway Basin asset sale freeing $500 million capital.

SkyCity Entertainment Group has signed a non-binding heads of agreement to sell The Grand Hotel, aiming to boost financial flexibility through asset monetisation and debt repayment.