Latest Due Diligence News

Venari Metals has agreed to sell its Georgina Basin IOCG Project in the Northern Territory to UK-listed Alien Minerals, marking a strategic shift towards its lithium and critical metals operations in Nevada. The deal includes cash, equity, and a technical services agreement, but will trigger a significant accounting loss.

Accent Resources NL has struck a deal to sell its Norseman Gold Project for up to A$4 million in cash, while keeping iron ore and platinum group element rights and securing a royalty stream on future mineral production.

Genesis Minerals has tabled a binding A$5.6 billion merger proposal for Vault Minerals, offering a mix of shares and cash that values Vault at a premium to a rival bid. The combined entity would dominate the Leonora-Laverton gold district with significant operational synergies and a strong balance sheet.

Genesis Minerals has tabled a binding offer to acquire Vault Minerals for approximately $5.6 billion, outbidding a prior scheme with Regis Resources and triggering a five-day matching period.

AuMEGA Metals appoints Rafael Gradim as President, replacing Michael Skead, to spearhead exploration across its significant Newfoundland gold portfolio.

Azzuro Resources has reported robust high-grade copper-gold-zinc-silver mineralisation from its 2026 drilling at the Red Hill VMS Project, with assays confirming thicker and richer sulphide zones than previous drilling. Shallow gold zones extending over 600 metres add to the project's exploration upside.

QEM Limited has pushed back the deadline to complete due diligence on its planned acquisition of two U.S. critical minerals projects, citing legal concerns mainly around chain of title.

Australian Oil Company (ASX:AOK) has kicked off Phase 1 development in Queensland's Surat Oil Basin, completing well interventions at Emu Apple-1 and revising plans for Riverslea-3 to boost production and exploration.

West Cobar Metals (ASX: WC1) has expanded the exploration potential of its Baxter Fluorspar Project after satellite spectral analysis revealed extensive alteration beyond historical mines, identifying new fluorite targets along a 3 km corridor. The acquisition, subject to due diligence, offers exposure to a critical US mineral supply chain.

Maverick Minerals has secured a binding agreement to acquire a 90% interest in Lyza Mining, adding eight tenements in Western Australia’s West Arunta region to its portfolio. This move complements its pending Viper Project acquisition and positions Maverick to explore for niobium, rare earths, and IOCG deposits across a combined 220 km2 area.

WT Financial Group has completed the sale of its Vesta subsidiaries to Titan Advice Group, increasing its direct equity stake in TAG and advancing its multi-pronged Hubco strategy with further acquisitions and new platform formations.

Qualitas Limited has upgraded its long-term Australian funds management EBITDA margin target from over 50% to more than 60%, driven by operational efficiencies and a proprietary AI platform designed to streamline investment processes.