Latest Strategic Divestment News

Premier Investments reported a 31.1% rise in net profit after tax for FY25, driven by strong growth in its continuing operations after divesting its Apparel Brands to Myer. The company is now concentrating on expanding its high-margin Peter Alexander and Smiggle brands.

Computershare Limited has agreed to sell its UK Mortgage Services business to Pepper Advantage, marking a strategic step to streamline operations and enhance earnings quality without altering FY26 profit forecasts.

Aldoro Resources has updated the timetable for distributing Sultan Consideration Shares following recent asset divestments, with shareholder approval set for November.

Deterra Royalties has agreed to sell its non-core gold offtakes and royalties to Vox Royalty Corp for US$60 million, marking the completion of its divestment of Trident-acquired assets and reinforcing its strategic focus on base and battery metals.

Kula Gold has agreed to sell its Westonia Project to Forrestania Resources for an upfront $500,000 plus a $1 million contingent payment tied to a significant gold resource discovery.

Global Lithium Resources has sold its entire 264 million shareholding in Kairos Minerals for $7.1 million, boosting its cash reserves to $21.8 million. The company will now focus these funds on advancing its flagship Manna Lithium Project.

Whitebark Energy has finalized the sale of its remaining 10% interest in the Wizard Lake assets to Conflux Energy, marking a strategic shift to focus on Australian projects.

Aldoro Resources has agreed to sell its non-core projects for approximately $3.3 million, enabling a sharpened focus on its flagship Kameelburg Niobium-REE Carbonatite Project in Namibia. The deal includes a significant share distribution in Sultan Resources to Aldoro shareholders.

Investigator Resources has agreed to sell its 25% stake in the Molyhil tungsten-molybdenum project to Tivan Limited, unlocking over A$3 million in value and sharpening its focus on precious metals development.

Oceania Healthcare has unveiled a comprehensive strategy focused on sales performance, operational excellence, and capital management to strengthen its aged care and retirement living portfolio. The company aims to reduce debt, enhance resident choice, and expand services while maintaining strong occupancy and shareholder returns.

Askari Metals has agreed to sell its Australian gold assets to Forrestania Resources for A$700,000, enabling a strategic pivot towards its promising African exploration projects.

Aurumin Limited has secured $6 million through divestments of non-core assets, enabling a sharper focus on advancing its flagship Sandstone Gold Project. The strategic sales to Newcam Minerals and others aim to fund exploration and support Brightstar’s pre-feasibility study.