Latest Board Restructuring News

EMU NL has sold its Badja Gold Project for over A$3.5 million, retired all debt, and is set to commence a maiden drilling program at its Yataga Copper Project in Queensland, fully funded and under new board leadership.

Charger Metals NL has reported a maiden inferred lithium resource of 8.2 million tonnes at its Lake Johnston project, backed by Rio Tinto's $1.1 million exploration funding. A new drilling program is underway, aiming to expand lithium and gold prospects in Western Australia.

Gateway Mining has completed its acquisition of the Yandal Gold Project, revealing promising high-grade gold results and securing $22.5 million to fuel extensive exploration and drilling programs.

Key Petroleum Limited is on the cusp of securing critical government approvals for its Queensland projects, bolstered by new major shareholders and strategic board changes that set the stage for accelerated development and diversification.

Winchester Energy reported a slight dip in production but secured a strategic 30% farm-out deal for its Varn waterflood project, alongside significant board restructuring.

Liberty Metals Limited has strategically pivoted into the critical minerals sector with a $2.5 million capital raise, new board appointments, and acquisition of three major Brazilian projects targeting rutile, ilmenite, zircon, and rare earths.

Sunshine Metals reports significant progress in North Queensland with standout gold intersections at Sybil and a $5 million placement led by Lion Selection. Board reshuffle aligns leadership with growth strategy.

Vonex Limited has finalized its Scheme of Arrangement, transferring all shares to Maxo Telecommunications and initiating a board overhaul ahead of its imminent ASX delisting.

Carnavale Resources secures $7.1 million through placement and rights issue to advance the Kookynie Gold Project with a Bankable Feasibility Study underway and a strategic board reshuffle.

Equity Story Group has raised $650,000 through a strategic convertible loan led by new Non-Executive Chair Alex Brinkmeyer, signaling a pivot into property funds management. The company also announced significant board changes, including the appointment of David Nolan as Managing Director.

Platinum Asset Management has finalized its merger with L1 Capital, issuing over 1.65 billion new shares and announcing a rebrand to L1 Group Limited alongside significant board changes and share escrow arrangements.

My Foodie Box Limited, soon to be Tarrina Resources Limited, is pivoting from meal kits to mineral exploration by acquiring promising gold and base metal projects and raising $5 million to fund exploration.