Latest Asset Sales News

Santana Minerals has unveiled an updated Pre-Feasibility Study for its Bendigo-Ophir Gold Project, revealing lower capital costs, higher gold grades, and robust financial returns that position the project as a low-cost, high-margin operation in New Zealand.

Next Science Limited has agreed to sell most of its assets to Demetra Holdings for US$50 million, with plans to return an estimated US$30 million net proceeds to shareholders pending approval.

WIN Metals has sold its non-core nickel rights and infrastructure at Munda to Auric Mining for $1.4 million, redirecting capital to advance its Butchers Creek Gold Project in the Kimberley region.

Southern Cross Media Group has finalized the sale of its remaining television assets, fully committing to its 'All About Audio' strategy with a 5% rise in audio revenues for FY25 and a renewed focus on debt reduction and dividends.

Tigers Realm Coal’s ongoing efforts to divest its Russian mining assets have hit a significant impasse amid geopolitical tensions, regulatory hurdles, and a stalled sale agreement, leaving the company suspended from ASX trading.

Ridley Corporation has completed the sale of its Wasleys Feedmill in South Australia to the Baiada group for A$22 million, marking a strategic divestment announced earlier this year.

Strickland Metals has agreed to sell its Yandal Gold Project to Gateway Mining for A$45 million in equity, enabling a strategic pivot to its substantial Rogozna Project in Serbia. Shareholders will receive most of the Gateway shares through an in-specie distribution, maintaining exposure to Yandal’s future potential.

Strickland Metals has agreed to sell its Yandal Gold Project to Gateway Mining for A$45 million in equity, enabling a strategic pivot to its flagship Rogozna Project in Serbia. Shareholders will receive most of the Gateway shares via an in-specie distribution, maintaining exposure to Yandal’s upside.

Inventis Limited has placed its commercial furniture division into voluntary administration, triggering a default event with its lender and prompting negotiations on financial restructuring.

Mineral Commodities Ltd has extended the maturity date of its A$2.4 million convertible loan facility, tying repayment timing to the potential sale of its Skaland asset. This move provides the company with greater financial flexibility as it navigates strategic asset sales.

Oceania Healthcare has modernized its property portfolio and updated its dividend policy to align with a new strategic direction under CEO Suzanne Dvorak, aiming to meet New Zealand's growing aged care demand.

Multistack International Limited is set to sell all assets and liabilities of its operating subsidiary to Super Link Company Limited, marking a strategic exit from its loss-making industrial cooling business. The company will retain a small net asset base while exploring new business opportunities.