Latest Divestments News

Aruma Resources has completed its acquisition of the high-grade Tillex Copper Project in Ontario and kicked off a maiden diamond drilling campaign following an EM survey that extended the known mineralised footprint. Meanwhile, exploration at Wilan and Saltwater projects confirms promising mineral assemblages and expanded gold-polymetallic anomalies.

T&G Global is moving to sell its New Zealand fresh produce and Pacific Island businesses as part of a strategic pivot to concentrate on its premium Apples and VentureFruit platforms. The divestments, pending contract finalisation, mark a significant reshaping of the company’s portfolio amid shareholder shifts.

FireFly Metals has finalised the sale of its Ontario gold assets to Bellavista Resources, issuing 60 million Bellavista shares and 50 million performance rights as consideration. FireFly shareholders will receive Bellavista shares via an in-specie distribution, marking a strategic pivot towards its copper-gold projects.

Leeuwin Metals has delivered strong early results from its 10,000m drilling campaign at Evanston, extending high-grade gold mineralisation beyond the existing resource at the Marda Gold Project.

Caprice Resources has confirmed significant extensions of high-grade gold mineralisation at its Island Gold Project, backed by a $12.74 million capital raise and a new multi-rig drilling campaign.

Altitude Minerals reported encouraging aircore drill results at its Byrock Project in NSW, confirming copper-gold porphyry signatures and advancing a joint venture with Nimrod Resources. In Nevada, the company validated high-grade silver-gold targets at Firenze, readying a 2,600m RC drill program.

Thor Energy secured A$6.56 million from the Molyhil sale, expanded its natural hydrogen portfolio with new Otway Basin licences, and advanced its HY-Range Project geochemistry survey during Q1 2026.

Xpedra Resources has reported promising initial drilling results at its Springfield Gold Deposit and secured a high-grade historical goldfield at Neeld, backed by a $3.2 million placement and new leadership.

Image Resources delivered a solid first quarter at its Atlas project with production and sales within guidance, operating costs under forecast, and secured a six-month debt repayment holiday. Development advances on multiple mineral sands projects and maiden gold resource drilling is underway.

Westgold Resources maintained FY26 gold production guidance with 93,145oz in Q3, backed by a record A$7,080/oz gold price and a robust A$285M underlying cash build. The company approved a $145M expansion of its Higginsville processing hub to boost capacity and cut costs.

Moho Resources has expanded its Bush Chook Gold Project by acquiring the high-grade Rocky Ridge prospect and is set to launch a 5,000m drilling campaign in May targeting multiple gold-antimony zones.

Maritana Minerals has confirmed robust economics and high-grade drilling results at its Black Swan gold project near Kalgoorlie, backed by a $175 million capital raise and a $35 million asset divestment.