Latest Divestments News

Neometals reports promising gold exploration results at Barrambie and advances lithium and vanadium projects with major partners, while completing a key business sale.

Pearl Gull Iron Limited has entered a binding agreement to sell its Cockatoo Island Project for A$4.5 million in cash, a 4% equity interest in Crestlink Pty Ltd, and royalties on extracted materials, with completion expected in Q4 2025.

Aldoro Resources has confirmed a substantial inferred mineral resource at its Kameelburg Rare Earth Element and Niobium project in Namibia, with Phase II drilling underway targeting high-grade zones. The company also moves to streamline its portfolio by divesting non-core assets.

Pantera Lithium has completed the sale of its Smackover Lithium Project to EnergyX for A$40 million, securing cash and stock that bolster its balance sheet and strategic focus on US critical minerals.

Aeris Resources has agreed to sell its North Queensland copper assets to Dingo Minerals for up to $15.5 million, marking a strategic move to focus on core operations and strengthen its balance sheet.

First Au Limited has struck a deal granting AustChina Holdings an exclusive 19-month option to acquire its Eastern Victorian Goldfield Project, unlocking value from a non-core asset while sharpening focus on its African and Western Australian ventures.

Beam Communications reported a robust Q1FY26 with revenue doubling quarter-on-quarter and cash reserves more than doubling, yet ongoing arbitration over its Zoleo divestment casts a shadow on its capital return plans.

Investigator Resources advances its Paris Silver Project with key design optimizations and a $10 million capital raise, while divesting non-core assets to sharpen its silver focus.

Krakatoa Resources has agreed to sell its non-core Belgravia Project in New South Wales for $350,000, redirecting capital to advance its strategic Zopkhito Antimony-Gold Project in Georgia, a critical minerals asset positioned to serve European markets.

Mantle Minerals has completed the sale of Mt Roe Mining Pty Ltd for AUD 13.5 million, retaining key projects and identifying 11 new exploration targets at Yule River. A ground gravity survey is planned to refine 2026 drilling efforts.

EVT Limited reports a robust 20.7% rise in Q1 EBITDA, driven by all divisions, with Hotels leading record results and a strategic acquisition poised to boost earnings further.

IRIS Metals Limited has made substantial progress in its South Dakota lithium projects, completing critical drilling phases and expanding its land holdings through strategic acquisitions, supported by a recent $4.27 million capital raise.