Latest Due Diligence News

Perpetual Resources (ASX: PEC) has locked in a 100% stake in the historic Nevada Scheelite tungsten mine, boasting an average grade of 1.1% WO3 and existing underground infrastructure. The acquisition is backed by a $2.5 million placement to fund validation and exploration.

Altair Minerals (ASX: ALR) has identified a regionally extensive high-grade gold structure at North Peters and confirmed strong gold enrichment beneath surface soils at South Oko, setting the stage for imminent diamond drilling and expanded exploration in Guyana.

LE Minerals has progressed its $20 million sale of key Queensland graphite assets to M Battery Materials, which is preparing a $15 million ASX IPO. Shareholder approval for in-specie share distribution is expected within months.

NoviqTech has agreed to sell its Carbon Central and Fuel Central assets for AUD 1 million, freeing up resources to expand its biochar carbon dioxide removal projects through Coralia.

XPON Technologies is selling its Google Marketing Platform and Cloud Platform business to Incubeta for an initial A$5.5 million cash plus up to A$2 million earn-out, aiming to accelerate growth in its Wondaris AI Marketing Platform and fund AI-focused acquisitions.

1414 Degrees has cleared a key technical hurdle at its Aurora Energy Precinct in South Australia, moving its Stage 1 battery storage project into commercial transmission negotiations amid strong interest from major data centre players.

ABx Group and Good Importing International are progressing their bauxite projects in Queensland and New South Wales, with environmental approvals on track and significant investments underway.

Eureka Group Holdings (ASX: EGH) expects FY26 underlying EBITDA to meet or exceed $21.1 million, driven by seniors’ occupancy above 97% and rent growth exceeding 6%. Capital recycling and a robust acquisition pipeline support growth.

Sunrise Energy Metals is injecting US$5 million into Agni Semiconductor, a US-based developer of aluminium scandium nitride (AlScN) ferroelectric diode memory technology, marking a strategic pivot into downstream semiconductor innovation linked to its scandium resources.

oOh!media has received revised indicative takeover proposals around $1.60 per share from multiple bidders but cautions shareholders as no binding deal is assured.

Heartland Group Holdings has satisfied all initial conditions for its acquisition of TSB Bank shares from Toi Foundation, moving closer to a December 2026 merger that will create TSB Heartland Bank Limited.

Tourism Holdings Limited has allowed the BGH-led consortium to conduct due diligence after a revised all-cash offer of NZ$3.10 per share. The Board remains cautious, with no recommendation or decision yet on the potential acquisition.