Latest Due Diligence News

White Energy has completed its US metallurgical coal and Surat Basin acquisitions, backed by a $15 million placement and a leadership change that puts Nathan Tinkler in the executive chair. The transactions materially expand the company’s asset base, but the announcement provides no production forecasts or development timetable.

Elixir Energy has confirmed it is in an exclusive due diligence and negotiation process with Beach Energy over a potential strategic farm-in to its Taroom Trough portfolio. The process runs until 1 October, but no transaction has been agreed or assured.

Austal has received a non-binding indication of interest from a Wildcat Infrastructure-led syndicate to buy Austal USA for an enterprise value of US$1.25 billion to US$1.35 billion. The proposal is conditional on four weeks of due diligence, leaving the potential transaction at an early and uncertain stage.

Livium says lithium-ion battery collections in the first two months of FY27 have already surpassed every quarter of FY26, led by 77 tonnes received under its Sell & Parker agreement. The company is also moving towards due diligence with a potential multinational partner for VSPC, while extending its A$0.0082-per-share SPP.

Sunrise Energy Metals has put its Syerston scandium project on a stronger financial footing, ending FY2026 with A$115.4 million in cash and a conditional US$400 million debt commitment. The project still faces a decisive sequence of tests: final investment approval, binding offtake agreements, financing conditions and construction execution.

Aureka Limited is set to become a gold producer after signing a binding agreement to acquire High Grade Holdings, including the Fiddlers Creek underground mine and Wedderburn processing mill in Victoria. The majority scrip, low cash deal valued at $8.9 million unlocks immediate production and processing capacity for Aureka’s Victorian gold projects.

Australasian Metals has locked in a three-month exclusive option to acquire majority stakes in two promising lithium projects in Côte d'Ivoire, marking a strategic move into West Africa's emerging critical minerals scene.

Ingenia Communities Group has turned down a $4.75 per security indicative offer from Warburg Pincus, affirming its commitment to a growth strategy anchored by the Peet acquisition and long-term sector tailwinds.

Albion Resources has locked in a three-month exclusive option to acquire four exploration licences adjacent to its Gidgee Gold Project, adding about 27 square kilometres of highly prospective ground near known high-grade gold zones and polymetallic targets.

Alice Queen's subsidiary Monzonite Metals has agreed to sell its non-core NSW tenement EL8646 to Alkane Resources for $900,000 cash, sharpening focus on the Horn Island Gold Project in Queensland.

Blaze Minerals has struck a binding deal to acquire a majority interest in two historically rich tungsten projects in Uganda, backed by a $2.25 million capital raise to fund exploration and acquisition costs.

MaxiPARTS has received a $2.50 per share indicative cash offer from Ares Management Asia, representing a substantial premium and triggering a four-week exclusivity period for due diligence. Concurrently, MaxiPARTS is acquiring Air Brake Systems for $11.2 million, a move expected to boost earnings and expand its product range.