Latest Asset Sales News

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.

Next Science reports a 10% decline in quarterly product sales but advances a $50 million asset sale to Demetra Holdings, signaling a pivotal shift in its business strategy.

Traka Resources has secured a strategic joint venture in Guinea’s Siguiri Basin while streamlining its Australian portfolio, though a legal dispute with its Guinea partner clouds the project’s future.

Frontier Energy advances its strategic investor process with multiple proposals and prepares bids for the 2025 Capacity Investment Scheme tender, while progressing key development milestones for its Waroona Renewable Energy Project.

NT Minerals has advanced key asset sales including the Mountain Home and Redbank/Wollogorang projects, while facing a critical cash position and awaiting shareholder approval for its latest disposal deal.

CuFe Ltd advances its Tennant Creek copper-gold project with a robust Orlando open pit scoping study and promising high-grade iron ore assays from Camp Creek, while exploring funding options to support ongoing development.

Ardiden Limited advances exploration at its Pickle Lake Gold Project in Northwest Ontario, focusing on high-potential prospects while maintaining a robust financial position with A$11.4 million in cash and no debt.

Latitude 66 Ltd reported a significant quarterly cash outflow but has secured a $750,000 short-term loan linked to the pending sale of its Greater Duchess JV interest, aiming to sustain its exploration activities.

The Star Entertainment Group reported steady Q4 FY25 revenue of $270 million but widened its EBITDA loss to $27 million, reflecting ongoing regulatory pressures and operational challenges. The company secured $233 million from strategic investors Bally’s Corporation and Investment Holdings, while negotiations continue over its Brisbane joint venture exit.

Garda Property Group’s FY25 results reveal a strategic pivot with significant asset sales and a sharp reduction in gearing, setting the stage for an 11% rise in distributions in FY26.

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.

Thor Energy has reported significant progress in its natural hydrogen and helium exploration at the HY-Range Project, alongside strategic licence acquisitions and leadership changes. The company also signed a term sheet to sell a majority stake in its US uranium assets.