Latest Due Diligence News

Metal Bank Limited has entered a non-binding MOU with Austral Resources to explore toll treatment of ore from the Millennium Project at Austral’s nearby Rocklands facility, aiming to advance a promising copper-cobalt-gold resource in NW Queensland.

dusk Group Limited reported a 5.1% rise in half-year sales to $91.8 million, driven by strong online growth and product innovation, while declaring a fully franked interim dividend of 4.0 cents per share.

Webjet Group has ended acquisition discussions with Helloworld and BGH Capital, reaffirming its focus on executing its FY30 growth strategy while confirming FY26 EBITDA guidance and a $25 million share buy-back.

Element 25 Limited is making significant strides in its Butcherbird Expansion Project, targeting a manganese concentrate output of 1.1 million tonnes per annum with key contracts shortlisted and financing progressing.

Electro Optic Systems (EOS) has firmly rejected allegations from a recent Grizzly Research report, highlighting its strengthened financial position, significant contract wins, and strategic acquisition to bolster its defence technology portfolio.

Sims Limited is consolidating its Houston footprint by acquiring Tri Coastal Trading assets and selling its Mayo Shell property, aiming to boost EBITDA and cut costs significantly.

Wellnex Life Limited is exploring acquisition interest and convertible note funding to accelerate Pain Away's expansion and strengthen its financial footing, signaling a pivotal phase in its turnaround journey.

Eagle Mountain Mining has reached a key milestone as Nittetsu completes due diligence on the Oracle Ridge copper project, moving closer to signing a joint venture agreement expected in April 2026.

Pepper Money has received a non-binding indicative proposal from Challenger and Pepper Group to acquire 100% of its shares at $2.60 each, sparking exclusivity talks and due diligence.

Careteq Limited has agreed to sell its Embedded Health Solutions business for $5 million, aiming to strengthen its balance sheet and focus on expanding its home medication review platform amid ongoing tax disputes.

Ardea Resources’ subsidiary Kalgoorlie Nickel Pty Ltd has received conditional, non-binding letters of support from Export Finance Australia and the US Export-Import Bank for up to AUD 1 billion in financing for its Goongarrie Hub nickel-cobalt project.

Stellar Resources has gained consent to apply for a mining licence adjacent to its Heemskirk Tin Project, advancing plans for a key tailings storage facility and exploring regional processing options.