Latest Divestments News

Merchant House International Limited reported a 38% reduction in net loss for FY2025, driven by asset sales and operational wind-down. The company is moving towards divesting remaining assets, delisting from ASX, and winding up.

Mineral Commodities Ltd has confirmed an extension to the completion deadline for the sale of its Skaland Graphite Project, now set for no later than June 9, 2025, with financial penalties if delayed further.

Trigg Minerals has launched its maiden exploration program at the Antimony Canyon Project in Utah, aiming to unlock the potential of historically productive antimony mines with modern techniques.

Mayfield Childcare Limited reports a significant operational and financial turnaround in Q2 FY25 under new CEO Daniel Stone, with improved earnings and cost efficiencies despite ongoing sector pressures.

Asara Resources assures investors its Kada Gold Project permits remain intact despite Guinea’s recent revocation of over 120 exploration permits. Drilling has already commenced, signaling continued progress.

Two major shareholders of Western Gold Resources have been ordered by the Supreme Court of Western Australia to sell their shares to Harder Investments, triggering a managed off-market transfer process.

Goodman Group reports steady progress in Q3 FY25 with a robust $13.7 billion development pipeline and strong demand for logistics and data centre infrastructure, reaffirming its FY25 Operating EPS growth forecast of 9%.

Web Travel Group reported a 22% rise in Total Transaction Value to $4.9 billion for FY25, while underlying EBITDA dipped 13% amid margin pressures and strategic investments. The company completed a $150 million share buyback to mitigate dilution risks and is optimistic about a strong FY26 start.

M3 Mining Limited has abandoned its energy sector acquisition plans, selling its M3 Energy subsidiary to Jerboa Energy Ltd and recommitting to its core mineral exploration projects.

Aldoro Resources has launched a strategic review of its non-core exploration assets following external interest, while reaffirming focus on its flagship Kameelburg project.

Zenith Minerals has secured a binding agreement to sell its 20% stake in Turkey’s Kavaklitepe Gold Project for US$543,000, marking a strategic shift to focus on its Australian gold assets.

Rimfire Pacific Mining has agreed to sell an option on its Cowal Copper Gold Project to Copper Search Limited, unlocking up to $700,000 in milestone payments. This strategic move allows Rimfire to concentrate on its scandium assets amid tightening global supply.