Latest Due Diligence News

Santos Limited has agreed to extend exclusivity with the XRG Consortium, led by Abu Dhabi National Oil Company, to finalize due diligence and progress a potential US$5.76 per share acquisition. The consortium remains committed, but the deal’s completion is still uncertain.

Haranga Resources has secured regulatory approvals and begun underground works at its Lincoln Gold Project, setting the stage for a maiden drilling campaign aimed at upgrading a significant historical gold resource to JORC standards.

Resolution Minerals and Snow Lake Resources have mutually agreed to halt their proposed transaction over the Horse Heaven Project, citing commercial disagreements despite no material due diligence issues.

Decidr AI Industries has agreed to acquire the remaining 49% stake in Decidr.ai, issuing 78.4 million shares to complete full ownership and accelerate its AI platform integration.

Galan Lithium has cleared all hurdles for a $20 million placement to Clean Elements Fund, unlocking funding to complete Phase 1 of its Hombre Muerto West lithium project with production slated for early 2026.

Apiam Animal Health has entered a Process Deed granting Adamantem exclusivity to pursue a $0.88 per share acquisition proposal. The Independent Board Committee signals intent to recommend the deal, pending due diligence and shareholder approval.

Qualitas Real Estate Income Fund reported a robust FY25 with net assets soaring 44% to nearly $975 million and operating profit climbing 19.6%. The fund expanded its loan portfolio and successfully raised $295 million to fuel further growth.

Beacon Minerals has exercised its option to acquire the historic Wealth of Nations gold tenements, confirming high-grade mineralisation through an 11-hole drill program and setting the stage for a maiden resource estimate in 2026.

MA Financial Group reported a robust first half of 2025, with record underlying revenue and earnings per share growth driven by strong asset management inflows and rapid expansion in lending platforms.

IDT Australia Limited reported a strong 40.6% increase in revenue to $19.86 million for FY25, driven by growth in advanced therapies and contract disbursements. However, the company’s net loss widened to $8.06 million as it transitions from its ‘Rebuild Strategy’ to a new phase focused on sustainable profitability.

EV Resources has signed a strategic Memorandum of Understanding with Wogen Resources and Xcelsior Capital Advisors to fund and advance its Los Lirios Antimony Project in Mexico, aiming to establish a 100 tonne-per-day processing plant.

Santos Limited delays its half-year results amid ongoing acquisition discussions with the XRG Consortium, which faces a four-week wait for final approvals before a binding deal can be signed.