Latest Divestment News

IGO Limited closed FY26 on a high note with improved safety metrics, rising spodumene prices, and a strategic divestment of its Nova nickel operation. Despite a fire-induced shutdown at Greenbushes, the company maintained robust cash flow and set ambitious FY27 guidance.

Dreadnought Resources is progressing its Star of Mangaroon open pit towards production while nearly doubling high-grade gold resources at Metzke’s Find. The company also extends critical metals potential with strong niobium and rare earth intercepts at Mangaroon.

Verbrec Limited confirms a robust FY2026 with revenues up nearly 50%, while unveiling a bullish FY2027 outlook driven by full-year Alliance Automation integration and expanding project pipelines.

West Wits Mining has achieved a major underground breakthrough at Qala Shallows, unlocking higher-grade ore zones, while completing a comprehensive ZAR 1.115 billion finance package that underpins its production ramp-up.

Dexus has completed the sale of three office properties for $715 million, surpassing its $2 billion divestment target ahead of schedule. The transactions reinforce its disciplined capital management and will reduce gearing by around 2 percentage points.

EQT AB’s controlled entity has raised its indicative offer for Perpetual to A$22.50 per share, a modest increase contingent on the sale of Perpetual’s Wealth Management business and other conditions. The Perpetual Board remains undecided and has not recommended shareholder action.

Union Star Metals has sharpened its exploration focus on the Cobb Creek Gold Project in Nevada, identifying a significant concealed gold target and progressing toward maiden drilling while divesting non-core assets to streamline operations.

Bayan Mining has launched its first-ever drilling program at the Desert Star Rare Earth Project, confirming key mineralisation and signing a strategic MoU with US Critical Materials to develop processing technologies.

Cooper Metals has completed its first RC drilling at Mt Isa East, visually spotting copper sulphides, and secured the Pyramid Gold Project through an asset swap, backed by a $979,500 placement.

Pure Resources has agreed to sell its non-core Mt Monger gold exploration licence for $20,000 cash plus a 20% uplift fee on future monetisation within 18 months, shedding holding costs while retaining upside.

Aldoro Resources has solidified its position in critical minerals with a major resource update at Kameelburg, revealing the world’s largest Strontium deposit alongside high-grade rare earth and niobium mineralisation, backed by robust Phase II drilling and metallurgical advances.

LDR Capital Property Fund has completed its fourth asset divestment since taking management earlier this year, selling a fully leased office in Felixstow for $30 million and realising $106 million in total proceeds to reduce debt.