Latest Demerger News

ASX has granted Hammer Metals waivers allowing it to cancel 29.5 million options and restructure its capital for the proposed Austral Resources deal and Western Australian gold demerger. The transaction still depends on the scheme becoming effective, while the demerger requires shareholder approval.

Valiant Gold’s maiden drilling at South Emu-Triton has delivered significant gold intercepts well below the existing resource, reinforcing the deposit’s growth potential and advancing its development pipeline.

Austral Resources Australia Ltd has swung from a $24.2 million loss to a $25.3 million profit in the first half of 2026, boosted by strategic acquisitions, capital raises, and operational shifts. The company is advancing its Rocklands restart and has proposed acquiring Hammer Metals to expand its copper footprint.

Australian Strategic Materials (ASM) held concurrent shareholder and optionholder meetings on 12 August 2026, approving the proposed acquisition by Energy Fuels Inc. The ASM Board unanimously recommends the schemes, supported by a positive Independent Expert opinion, with implementation expected by late August.

Austral Resources has locked in a binding agreement to acquire Hammer Metals, offering a 70.6% premium and creating a stronger Queensland copper entity with significant resource and exploration potential.

Centuria Industrial REIT (ASX:CIP) reported a 20.5% jump in net profit to $160.4 million for FY26, underpinned by strong leasing activity, premium asset divestments, and advancing data centre initiatives.

Austral Resources Australia Ltd has lodged a binding proposal to acquire Hammer Metals, offering a 29.9% premium over a rival bid and proposing a SpinCo demerger of Hammer's WA gold assets. The deal would create a larger, more diversified Queensland copper producer with operational synergies and enhanced exploration potential.

Austral Resources has lodged a binding offer to acquire Hammer Metals for $80.7 million, trumping Larvotto Resources' earlier $61.2 million scheme. The proposal includes a demerger of Hammer’s WA gold assets and positions Hammer shareholders to own about 31% of the combined entity.

Pacgold secures $13 million via placement to accelerate production and exploration at White Dam following a high-grade gold-copper discovery.

Hammer Metals has agreed to be acquired by Larvotto Resources in a $61.2 million scheme that includes a demerger of its WA gold assets, while facing a higher non-binding $80.7 million proposal from Austral Resources. The board backs Larvotto’s offer pending independent expert approval, as drilling at Kalman advances resource confidence.

Brazilian Rare Earths (ASX: BRE) has expanded its Monte Alto District with a new +9 km rare earth corridor at Velhinhas, confirmed by high-grade drilling. Shareholders also backed the A$50 million IPO demerger of the Amargosa Bauxite-Gallium Project into Alurion Resources.

Alurion Resources has closed its IPO at the maximum subscription of A$50 million, setting the stage for an expanded development program at its Amargosa Bauxite-Gallium Project. Brazilian Rare Earths retains a strategic 16% stake as Alurion prepares for ASX listing.