Latest Divestments News

AMP Limited has appointed Blair Vernon as its new CEO, succeeding Alexis George who will retire after steering the company through major transformation. Vernon’s promotion promises continuity and a focus on growth.

Fletcher Building has agreed to sell its Construction Division to global giant VINCI Construction for an initial $315.6 million, with potential to rise to $334.1 million. The move marks a strategic pivot towards focused building products manufacturing.

Babylon Pump & Power has agreed to sell its non-core Ausblast business for $2.8 million, streamlining operations and boosting capital for its water management and rental services.

Jupiter Energy reported steady oil production and US$1.6 million in domestic sales for Q4 2025, while completing integration of its West Zhetybai oilfield into a regional gas utilisation network.

Thor Energy has received an initial A$2.25 million payment from the sale of its Molyhil project interest, with further payments set to boost its cash reserves and fund expansion in hydrogen and copper assets.

Alligator Energy has completed its Samphire pilot plant on time and under budget, setting the stage for a critical Field Recovery Trial in early 2026. The company also divested non-core Northern Territory assets to sharpen its focus and strengthen liquidity for its South Australian uranium projects.

Rimfire Pacific Mining reveals a significant gold-antimony mineralised corridor at its Windy Ridge prospect, reigniting interest in a largely overlooked Broken Hill asset with strategic critical minerals potential.

Sunshine Metals has received a $634,302 first and final dividend from the liquidation of Pluton Resources, unlocking funds to progress exploration at its promising Sybil and Liontown gold projects.

Talga Group reports significant high-grade gallium and other critical elements from surface sampling at its Aero Project in Sweden, highlighting the site's growing strategic importance amid rising global demand for technology metals.

Great Dirt Resources has confirmed high-grade manganese mineralisation in NSW and identified 24 new exploration targets through advanced R&D techniques, supported by a $315k tax rebate and a strong cash position.

Findi Limited secures a strategic A$72 million investment from Nova Global in its Indian subsidiary, Transaction Solutions International, positioning TSI for a strong IPO later this year.

Catalina Resources has strategically reshaped its portfolio by acquiring the Breakaway Dam copper project and the Auric North gold portfolio, while divesting its Laverton assets to sharpen its focus on scalable growth opportunities.