Latest Asset Sales News

Lucapa Diamond Company Limited’s shares remain suspended following the appointment of voluntary administrators, highlighting severe financial distress and regulatory breaches.

Moho Resources has completed the sale of its Empress Springs Project, securing an initial payment of $408,500 with a deferred $300,000 to follow next year, reinforcing its asset optimisation strategy.

Top Shelf International Holdings has completed the sale of its Campbellfield production assets for $8 million, fully settling its ATO excise liability and advancing its financial restructuring.

Aurumin Limited has entered binding agreements with Newcam Minerals for a $4 million joint venture on key gold projects, alongside a $1 million sale of non-gold mineral rights at Sandstone, positioning the company for near-term gold production.

EV Resources Limited has agreed to sell its Coyote Creek Antimony Project in Utah to Trigg Minerals, securing upfront cash and shares while maintaining exposure to antimony through equity stakes.

Lendlease has partnered with The Crown Estate to create a 50/50 joint venture aimed at accelerating capital recycling of over $300 million through UK commercial and residential developments. The deal also includes a $1.2 billion Australian office investment mandate, boosting Lendlease’s funds under management to $20 billion.

Field Solutions Group has executed a binding agreement to sell its TasmaNet business to Comms Group Ltd as part of its receivership process, with further asset sales underway.

GPT Group and QuadReal Property Group have partnered to create a $1 billion logistics joint venture focused on Australia's east coast, aiming to expand their footprint in stabilised and core plus logistics assets.

Tamboran Resources reports strong progress in its Beetaloo Basin pilot project, completing key wells and securing $70 million to fund drilling and infrastructure, aiming for first gas production by mid-2026.

Health and Plant Protein Group Ltd (HPP) has received a US$3.38 million tax refund from the US IRS linked to its 2023 US subsidiary sale, slightly exceeding prior estimates. The company plans to return surplus assets to shareholders and pursue strategic growth opportunities under a leaner cost structure.

Impact Minerals has raised an additional $881,000 through a rights issue shortfall offer and completed the sale of its Blackridge project, positioning itself for upcoming drilling at Arkun and development of a high purity alumina pilot plant.

Marvel Gold Limited is deepening its foothold in Tanzania’s underexplored greenstone belt while streamlining its portfolio through Mali asset divestments, setting the stage for a busy 2025 exploration calendar.