Latest Strategic Divestment News

Native Mineral Resources reported steady gold production at its Blackjack operations, completed key plant upgrades, and progressed joint ventures, supported by a $3 million convertible note raise.

Nexion Group has completed the sale of its Networks businesses and is pivoting to focus on data centre operations and its FuseAI software platform, preparing for an ASX relisting.

Diatreme Resources has completed the sale of its Clermont Copper/Gold Project, retaining a significant stake in the new ASX-listed Moonlight Resources, while progressing metallurgical improvements and environmental approvals on its critical minerals projects.

Acrux Limited reports solid revenue growth and increased cash reserves in the December quarter, driven by expanding its topical generics portfolio in the US and strategic moves into female Hormone Replacement Therapy.

Lode Resources has reported a series of impressive high-grade silver and antimony drill results from its Montezuma Project in Tasmania, alongside completing a significant divestment of its Webbs Consol Silver Project, strengthening its balance sheet for further exploration.

Pantera Minerals has completed a $40 million divestment of its Smackover Lithium Project, pivoting strategically into U.S. critical minerals with a major land acquisition in Arkansas. The company’s strengthened balance sheet and expanded U.S. market presence set the stage for accelerated growth.

Duxton Farms has initiated the sale of three major cropping properties near Forbes, NSW, signaling a full exit from broadacre cropping in the region as it pivots towards diversified agricultural investments.

Arika Resources has reported significant extensions to gold mineralisation at its Yundamindra Gold Project in WA, alongside a successful $5.7 million capital raising and strategic asset sale.

Moho Resources has significantly expanded its Bush Chook Gold Project footprint in Western Australia, reporting promising high-grade gold assays and initiating its first drilling campaign at the Swan Prospect. The company also secured $2 million in funding to accelerate exploration activities.

Adelong Gold Limited reports promising visible gold intersections at its Lauriston project, progresses exploration at Apollo with strong soil assays, and strategically exits its Challenger Mines joint venture to sharpen focus on Victorian assets.

Wia Gold advances its Kokoseb Gold Project with a Definitive Feasibility Study on track for completion in late 2026, supported by strong drilling results and strategic divestment of Côte d’Ivoire assets. Leadership changes signal a new phase for the company.

Babylon Pump & Power has agreed to sell its non-core Ausblast business for $2.8 million, streamlining operations and boosting capital for its water management and rental services.