Latest Strategic Portfolio News

Zenith Minerals has secured final Turkish regulatory approval for the sale of its Kavaklitepe Gold Project stake, unlocking approximately A$830,000 in cash proceeds. This milestone paves the way for the company to accelerate exploration at its core Australian gold assets.

Mirrabooka Investments reports a 26% drop in net profit for FY25 but maintains its fully franked dividend, supported by a significant $85 million capital raise. The fund’s portfolio return lags the benchmark amid sector headwinds, yet long-term performance remains robust.

Marvel Gold Limited has extended the completion date for the sale of its Mali gold projects to August 2025 due to ongoing regulatory delays, signaling cautious navigation of complex local approvals.

Australian Oil Company Limited has resolved a significant financial dispute with former director Gary Jeffery, involving loan forgiveness and a substantial share issuance that strengthens its balance sheet and refocuses management on growth.

RareX Limited has made a significant early discovery of a heavy rare earth element-bearing quartz breccia vein at its Mt Mansbridge Project, confirming the geological potential of the site. The company is advancing exploration across its portfolio, including strategic moves at Khaleesi and Cummins Range, while navigating heritage negotiations at Piper.

Challenger Gold Limited advances its Hualilan Gold Project towards early production via a toll milling agreement starting in late 2025, underpinned by a robust 2.8 million ounce gold equivalent resource and strong project economics.

Oceania Holdings Limited showcased robust operational progress and a strategic pivot towards portfolio modernization at its 2025 Annual Meeting, while announcing a new cost savings program and withholding its final dividend for FY25.

Venus Metals Corporation has kicked off EIS co-funded diamond drilling at its Pincher Copper Project, with further campaigns planned at Youanmi and Bellchambers to test promising copper and zinc targets and advance metallurgical studies.

Xstate Resources has disposed of its 20% stake in the Austrian Anshof project, shedding liabilities and production to sharpen focus on its promising Diona project and upcoming ASX re-listing.

PVW Resources has confirmed widespread, near-surface rare earth element mineralisation at its Capão Bonito East Block in Brazil, with high-grade intercepts up to 5,662 ppm TREO. The company is advancing metallurgical testing and expanding exploration across its Brazilian portfolio.

CD Private Equity Fund I reported a 43% decline in net profit for FY25 but maintained steady distributions, underpinned by key portfolio exits and a resilient US private equity market.

Encounter Resources has regained 100% ownership of the Yeneena Copper Project after IGO Limited's withdrawal, setting the stage for renewed exploration focused on high-grade copper zones in Western Australia's Paterson Province.