Latest Divestments News

Fletcher Building has initiated a strategic review exploring potential divestment of its Construction Division, responding to inbound interest and strong recent performance. While no sale decision has been made, the company is actively considering options.

Prodigy Gold NL has successfully raised approximately $4.45 million through a partially underwritten entitlement offer, with major shareholders APAC Resources and Plutus Prospecting playing key roles. The funds will support exploration and development across its Tanami projects.

Aeris Resources reported a robust June 2025 quarter with increased copper and gold production, improved cost efficiencies, and successful refinancing, while advancing exploration at key projects.

South32 has exceeded its FY25 production targets, driven by a 20% increase in copper output and significant progress at its Hermosa project, while streamlining its portfolio through key divestments.

M3 Mining Limited reports steady progress at its Edjudina Gold and Victoria Bore Copper projects, alongside significant corporate restructuring and the sale of its energy subsidiary.

NewPeak Metals has acquired the Tansey Gold Project, advanced exploration plans across Argentina and Australia, and bolstered its funding through strategic share sales in Lakes Blue Energy.

Orbminco Limited has executed a binding agreement to acquire the Majestic North Gold Project in Western Australia and commenced maiden drilling, marking a significant step in its growth strategy.

BHP has reported record copper and iron ore production for FY25, while revising upward the capital cost and timeline for its Jansen Stage 1 potash project. The miner’s operational strength contrasts with ongoing challenges in nickel and coal segments.

Zenith Minerals has secured final Turkish regulatory approval for the sale of its Kavaklitepe Gold Project stake, unlocking approximately A$830,000 in cash proceeds. This milestone paves the way for the company to accelerate exploration at its core Australian gold assets.

Openn Negotiation Ltd reported a significantly reduced net loss of $3.93 million for FY24, exiting voluntary administration with new directors and a recapitalisation led by ST Holding 2 Pty Ltd. The company faces challenges in regaining ASX compliance and identifying new business operations.

Mirrabooka Investments reports a 26% drop in net profit for FY25 but maintains its fully franked dividend, supported by a significant $85 million capital raise. The fund’s portfolio return lags the benchmark amid sector headwinds, yet long-term performance remains robust.

Rox Resources has made significant strides in advancing its Youanmi Gold Project, backed by a $40 million capital raise and promising drilling results that underpin an imminent resource update and feasibility study.