Latest Divestments News

Adelong Gold Limited has agreed to sell its remaining 49% stake in Challenger Mines to Great Divide Mining for 10 million shares valued at approximately AUD 3.1 million, while retaining a 1% royalty on future gold production.

Arika Resources has secured $5.7 million through a heavily oversubscribed placement to accelerate drilling at its Yundamindra and Kookynie gold projects in Western Australia, with directors committing $0.65 million themselves.

Premier Investments reported a robust FY25 with a 31% rise in net profit, driven by strong performances from Peter Alexander and Smiggle, alongside a strategic capital return plan including a $100 million share buyback.

Regis Healthcare has agreed to sell two aged care homes in Far North Queensland to Ozcare, securing a $25 million pre-tax gain and signaling a strategic portfolio shift towards premium locations.

The Australian Taxation Office has issued a final Class Ruling clarifying the tax treatment of TPG Telecom’s recent $3 billion capital return and special dividend, confirming no part of the capital return is taxable as a dividend.

Swoop Holdings has announced a $10 million entitlement offer to fund its Melbourne Fibre Project, following a strong FY25 performance marked by 20% revenue growth and positive free cash flow. The company is sharpening its strategic focus on mobile, nbn, and fibre services amid board changes and divestments.

Swoop Holdings launches a $10 million entitlement offer to fund its Melbourne Fibre Project, while initiating a board renewal following shareholder feedback and upcoming EGM challenges.

Noronex Limited has received a non-refundable $200,000 option fee from Joint Era Mining, moving forward the $4.5 million sale of its Witvlei Project in Namibia and setting a three-month exclusivity period for due diligence.

OM Holdings has secured key regulatory and shareholder approvals for the sale of its 26% interest in Ntsimbintle Mining, moving the $101 million transaction closer to completion early next year.

Yandal Resources has successfully divested its Horizon Minerals shares tied to the Gordons Gold Project, generating $2.74 million and bolstering its cash reserves to accelerate exploration activities.

EDU Holdings has significantly raised its FY25 financial outlook following strong enrolments and cost efficiencies, while announcing a selective buy-back of 12.5% of its shares from major investors.

Verbrec Limited has completed the sale of its Competency Training business for $11.2 million, positioning itself for strategic growth in energy transition and automation sectors.