Latest Asset Sales News

Buxton Resources has sold its 49% interest in the Copper Wolf Project joint venture to IGO for nearly AUD 6 million while keeping full ownership of surrounding prime exploration tenements in Arizona.

PPK Group has cleared all conditions for selling its 39.85% stake in Craig International Ballistics, setting the stage for completion before the financial year closes.

Altech Batteries has sold its non-core land in Meckering, Western Australia, for $950,000, boosting working capital while retaining mining rights. The sale also triggered a $500,000 bank guarantee tied to €2 million bearer bonds due in October.

Duxton Farms has agreed to sell its recently acquired apples business for $9.2 million, marking a strategic pivot away from horticulture towards core development projects and higher-return investments.

DigiCo Infrastructure REIT's CEO Michael Juniper has resigned effective immediately, prompting the Board to launch a search for his successor while maintaining leadership continuity.

Pengana International Equities (ASX: PIA) has announced a one-off fully franked special dividend of 12.5 cents per share, payable in August 2026, as part of a broader capital management plan that includes a proposed off-market buy-back.

Lendlease has finalised the sale of its UK Build to Rent portfolio at Elephant Park, London, recycling capital with cash proceeds of approximately $260 million expected in FY26.

Swoop Holdings has agreed to sell its Melbourne Fibre Project subsidiary to Singapore-based Xenith Infrastructure Group for $11 million plus project cost reimbursements. The deal offloads remaining capital commitments and will help reduce Swoop’s debt.

Pacific Nickel Mines continues mining at Kolosori under Glencore finance while progressing a conditional sale of its Solomon Islands assets to Green Rock Limited.

Resolute Mining is set to receive A$77 million by the end of June 2026, marking full repayment of the Vendor Financing Promissory Note tied to its 2020 sale of the Ravenswood Gold Mine. This cash inflow bolsters the company’s financial flexibility as it advances its West African growth projects.

Otto Energy has launched a formal process to sell its Gulf of America oil and gas holdings, aiming to unlock shareholder value amid favourable commodity prices. The move includes key assets South Marsh Island 71 and Green Canyon 21, with no set timeline or guarantee of sale completion.

Spenda Limited has accelerated its strategic turnaround by slashing operating costs by about $400,000 per month and locking in new retail contracts, while eyeing divestments and emerging tech opportunities.