Latest Asset Sales News

Synlait Milk Limited has reported a significant half-year loss driven by manufacturing setbacks and market pressures, alongside a strategic recovery roadmap focused on asset sales and operational overhaul.

Noronex Limited announces the resignation of CEO Victor Rajasooriar, who will transition to Wiluna Mining Corporation, while the Board steps in to manage ongoing exploration projects in Botswana and Namibia.

Triton Minerals advances the sale of a majority stake in its Mozambique graphite assets pending government approval, while assay results from its AuCu Gold-Copper drilling program remain delayed due to lab backlogs.

Little Green Pharma has terminated its planned sale and leaseback of its Western Australian production facility after failing to reach commercial terms, choosing to retain ownership without impacting operations.

Star Minerals has completed the sale of its West Bryah copper-gold project to Catalyst Metals for $2.75 million, including cash and shares, while Catalyst also takes a strategic stake in Star Minerals. This move strengthens Star Minerals’ focus on advancing its Tumblegum South Gold Project.

Dart Mining NL has agreed to sell its Buckland Gold Project to Daybreak Minerals for $300,000 cash, while retaining rights to provide drilling services on the tenements.

Environmental Clean Technologies Limited has agreed to sell part of its Yallourn Property for $1.3 million, marking a clear pivot from its original hydrogen refinery plans. The sale proceeds will support ongoing technology development.

Perseus Mining has agreed to sell its majority interest in the Meyas Sand Project in Sudan for US$260 million, marking a strategic shift amid regional conflict. The deal will bolster Perseus’s balance sheet and refocus resources on core assets.

Alchemy Resources has agreed to sell its Karonie and Lake Rebecca gold projects to Forrestania Resources for $5 million in shares, while retaining a 1% royalty. This deal marks a strategic refocus on Alchemy’s promising New South Wales assets.

Noronex Limited has completed the sale of its non-core Dordabis Copper Project in Namibia, receiving the final payment and strengthening its cash position to advance exploration in higher-priority uranium and copper assets.

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.

Energy World Corporation appoints Alan Jowell as Executive Chairman to spearhead its strategic review and project development, while exploring asset sales alongside its flagship Pagbilao LNG and Power Project.