Latest Legal Due Diligence News

Energy World Corporation Ltd reports a remarkable turnaround to a $346 million profit for FY25, driven by a $390 million gain from debt restructuring and the sale of a key Indonesian asset. The company faces funding challenges as it advances LNG and power projects in Southeast Asia.

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.

Askari Metals has confirmed the legal validity of its Nejo Gold and Copper Project licences in Ethiopia, paving the way for a comprehensive exploration campaign in a highly prospective mineral region.

Tombador Iron Limited has secured a significant tax refund from Brazil, boosting its cash position as it awaits further approvals on additional claims.

Manuka Resources has boosted the net present value of its Cobar Basin silver and gold project to A$153 million, driven by higher commodity prices, while advancing financing talks and exploring a Mt Boppy open pit cut-back to enhance production.

Lithium Universe has completed legal due diligence on its acquisition of New Age Minerals, securing exclusive rights to a patented solar panel recycling technology. This move positions the company to expand its sustainable footprint in the lithium supply chain.

First Au Limited has cleared key legal and operational hurdles in its 100% earn-in acquisition of the Nimba Gold Project in Liberia, setting the stage for initial drilling ahead of its July AGM.

Xstate Resources Limited has announced a re-compliance capital raising to fund its acquisition of a 51% interest in the Diona Project in Queensland and the drilling of the Diona-1 well, aiming to resume ASX trading.

Manuka Resources is progressing financing to restart its Wonawinta silver processing plant and is evaluating a promising gold cut-back at Mt Boppy to boost its Cobar Basin production plan.

Coolabah Metals Limited is set to transform into a producing miner with its $15-20 million capital raise, conditional on acquiring Broken Hill Mines Pty Ltd and resuming ASX trading.

First Au Limited has entered a binding term sheet to progressively acquire full ownership of the Nimba Gold Project in Liberia, backed by a planned A$1 million equity raise to fund exploration. The project’s proximity to a major West African gold mine and promising drill results position FAU for a strategic expansion into a stable, mining-friendly jurisdiction.

Coolabah Metals Limited is undertaking a $3-4 million capital raise to fund the acquisition of Broken Hill Mines Pty Ltd and its subsidiary, aiming to re-list on the ASX and focus on developing the Rasp and Pinnacles Mines.