Latest Divestment News

Elixinol Wellness lifted Q3 gross profit 27% and delivered a fourth consecutive quarter of positive underlying operating cash flow, despite statutory operating cash flow remaining negative and cash below A$1 million. The proposed all-scrip Vitable acquisition could add scale, but shareholder approval and a thin liquidity buffer remain important next tests.

Tusker Minerals has completed the sale of its Malawi exploration subsidiary to AuKing Mining, receiving $800,000 in cash and 40 million escrowed AuKing shares. The deal gives Tusker further deferred and performance-linked consideration while redirecting its immediate funding capacity towards Cameroon and the retained Mzimba project.

Macro Metals has secured approximately A$3.28 million through a placement and the proposed conversion of its chairman’s loan, funding drilling across iron ore, copper and gold assets. The raise also completes the acquisition of Yandi South, but much of the capital remains tied to exploration outcomes that are yet to be established.

TechGen Metals has agreed to transfer its entire interest in the Ida Valley Gold Project to First Au for A$100,000 in cash and A$100,000 worth of First Au shares. The transaction remains conditional on due diligence and shareholder approval.

Prodigy Gold has launched a fully underwritten $7.92 million entitlement offer to fund exploration and project approvals, but the capital raising could also lift three existing substantial holders above their current voting stakes. The non-renounceable offer is priced at $0.047 a share, below the stock’s recent three-month low of $0.049.

TerraCom’s audited FY2026 results turned a previously reported A$45.6 million loss into a A$155.5 million statutory loss after A$103.5 million of non-cash impairments. The auditor highlighted material uncertainty over the company’s ability to continue as a going concern as Blair Athol remains below plan and new funding is not yet fully secured.

NewPeak Metals has confirmed two more than 650-metre polymetallic intercepts at Las Opeñas in Argentina, with gold grades increasing towards an untested southwestern target. Phase 2 drilling is due to begin in mid-October, although the explorer reported only 0.81 quarters of funding at its current expenditure rate.

Estrella Resources has agreed to divest its nickel rights across five Western Australian tenements for 20 million Astral Resources shares valued at $3 million. The deal remains conditional, but would sharpen Estrella’s focus on its Timor-Leste exploration portfolio while preserving exposure to Astral’s equity upside.

Capricorn Metals produced 31,218 ounces of gold in the September quarter, while its Karlawinda expansion was completed on schedule and within budget. The enlarged operation is now running at 6.5 million tonnes a year, although the next test is converting that capacity into consistent production and costs.

Peter Warren Automotive has completed its acquisition of Wakeling Automotive, but the transaction remains tied to eight dealership divestments required by the ACCC. The deal expands Peter Warren’s dealership portfolio while leaving a significant regulatory obligation outstanding.

Comms Group has $24.3 million in cash after selling its onPlatinum IT managed services division, but the size and tax structure of any shareholder distribution remain unresolved. The company is seeking an ATO ruling before its board decides how much surplus capital to return.

Patriot Resources has established a 31.4 million-ounce silver-equivalent inferred resource at its Tassa project in Peru, but the company's annual report warns that further capital raising is required to sustain operations. The explorer recorded a $4.82 million loss and remains dependent on final drilling approvals.