Latest Strategic Asset Sales News

Korab Resources (ASX: KOR) has reported significant gold, copper, cobalt, lead, and zinc mineralisation potential at its Rum Jungle Project, with high-grade rockchip and stream sediment samples identified. However, the renewal of key mineral leases MLN542 and MLN543 faces judicial review, introducing regulatory uncertainty.

Tasman Resources is gearing up for dual drilling campaigns at Lake Torrens and Parkinson Dam, supported by a recent $4 million placement and strategic asset sales.

Beach Energy delivered a solid FY26 with 19.4 MMboe production, a record 18 months without injuries, and a key Otway Basin asset sale freeing $500 million capital.

Fleetwood Limited is set to acquire Red Dog Village, Karratha’s largest transient worker accommodation facility, for $20 million, significantly boosting its regional scale and earnings potential.

DXN Limited has landed a $1 million contract to deliver a Cable Landing Station in American Samoa, reinforcing its foothold in Pacific telecom infrastructure while divesting a non-core Tasmanian data centre.

ARN Media is selling its Hong Kong out-of-home advertising business, Cody HK, to DFI Retail Group for HK$30.2 million, marking a strategic exit from non-core assets to sharpen focus on Australian operations.

DigiCo Infrastructure REIT has agreed to sell its LAX1 and LAX2 data centres at cost, aiming to recycle capital into its higher-returning SYD1 development. The sale, expected in the first half of FY27, will lift available liquidity to about $1 billion following the earlier Chicago sale.

Synlait Milk is progressing a key refinancing of its senior bank facilities due June 2026 and plans to replace a $130 million shareholder loan with a two-year term facility. The company reports a preliminary $12 million net loss for the first four months of 2026 amid operational headwinds and asset sales.

Dexus Convenience Retail REIT has agreed to sell three convenience retail assets for $8 million, achieving a 1.4% premium to book value, with proceeds earmarked for its on-market buy-back program.

Diatreme Resources has increased its Si2 Deposit Mineral Resource Estimate by 10.6%, expanding the Northern Silica Project’s high-purity silica sand base to 301.5 million tonnes, underpinning its Pre-Feasibility Study.

Albright Metals has secured 4 million shares in Star Minerals following the start of mining at Tumblegum South, unlocking $212,000 in liquid assets to support its Canadian gold and antimony projects.

Kiwi Property Group reported FY26 results showing 4.3% rental income growth, a stronger balance sheet with gearing down to 37.4%, and a dividend increase, while progressing key asset sales and development projects.