Latest Project Divestment News

Mammoth Minerals has completed the sale of its Paterson Project, redirecting resources to accelerate drilling at its Excelsior Springs Gold-Silver Project in Nevada, with assay results expected soon.

First Au Limited reports promising gold assay results at its Nimba project in Liberia, while strategically divesting its Victorian Goldfield Project to focus on Western Australian assets.

Kula Gold reports standout high-grade gold results from Mt Palmer, completes Wozi niobium drilling, and advances Westonia divestment amid Forrestania’s takeover nearing completion.

Horizon Minerals advances its Black Swan Processing Hub with increased throughput plans and reports $23.3 million in gold sales revenue, while securing a $35 million divestment deal for its Lake Johnston project.

Yandal Resources has successfully divested its Horizon Minerals shares tied to the Gordons Gold Project, generating $2.74 million and bolstering its cash reserves to accelerate exploration activities.

Aureka Limited has sold its interest in the Tandarra Joint Venture for $1.3 million, settling related court disputes and redirecting funds to advance drilling at its promising Irvine Gold Project.

Equinox Resources reports promising rare earth results in Brazil while facing a legal challenge over Aboriginal heritage sites at its Hamersley Iron Ore Project in Western Australia. The company also divests a Canadian asset and prepares for leadership changes.

Trek Metals has completed a major Phase 2 drilling campaign at its Christmas Creek Gold Project, revealing visible gold in diamond cores and extending high-grade gold zones. The company also advances its manganese project divestment amid a $2.05 million cash position.

Kula Gold reports a maiden inferred tailings resource at Mt Palmer, confirms a significant niobium anomaly in Malawi, and completes a $2.5 million strategic placement to Forrestania Resources.

Equinox Resources has agreed to sell its Alturas Antimony Project in British Columbia to Maxus Mining, freeing up capital and focus for its core iron ore ambitions in Western Australia.

Mammoth Minerals has agreed to sell a 90% stake in its Paterson copper-gold project to Cloudbreak Discovery for AUD 3.1 million in shares, refocusing its efforts on high-grade US assets while retaining a strategic interest in Paterson.

thl reports a statutory net loss for FY25, driven by impairments, while underlying profit falls 45%. The company maintains dividends and outlines strategic initiatives to restore growth and profitability.