Latest Balance Sheet News

Kingston Resources has agreed to sell its Misima Gold Project to Ok Tedi Mining for $95 million, strengthening its balance sheet and enabling a strategic pivot towards expanding its Mineral Hill copper and gold operations.

TechnologyOne Limited has reported a robust first half for FY25, with annual recurring revenue exceeding $500 million well ahead of schedule and profit before tax climbing 33%. The company’s SaaS+ platform and strategic acquisition of CourseLoop are driving growth and positioning it for ambitious long-term targets.

Top Shelf International Holdings has completed the sale of its Campbellfield production assets for $8 million, fully settling its ATO excise liability and advancing its financial restructuring.

Uvre Limited is set to acquire New Zealand gold explorer Otagold, backed by a $4 million equity raise and the appointment of mining veterans Norman Seckold and Peter Nightingale to its board.

Aurumin Limited has entered binding agreements with Newcam Minerals for a $4 million joint venture on key gold projects, alongside a $1 million sale of non-gold mineral rights at Sandstone, positioning the company for near-term gold production.

Catalyst Metals has finalized the sale of its Henty gold mine to Kaiser Reef, securing $15 million in cash and a near 20% stake in Kaiser. This deal unlocks a strategic option to acquire half of the Maldon processing plant, bolstering Catalyst’s Victorian gold ambitions.

QBE Insurance Group has finalised the resale and buyback of its US$400 million perpetual capital notes, leading to their cancellation and delisting from the Singapore Exchange.

Future Battery Minerals has acquired 100% ownership of the Miriam Project, consolidating all mineral rights and extinguishing royalties, paving the way for a focused gold exploration campaign starting July 2025.

Corazon Mining has finalized the sale of its remaining 15% stake in the Miriam Project to Future Battery Minerals, securing A$350,000 in cash and streamlining its asset portfolio.

GreenX Metals has commenced a fully funded airborne geophysical survey at its Tannenberg Copper Project under the BHP Xplor program, while also securing A$4.6 million through a share placement to bolster its exploration and development efforts.

Aspen Group has offloaded its remaining stake in Eureka Group Holdings for $27.5 million, using the proceeds to significantly reduce its net debt while maintaining its FY25 earnings guidance.

White Cliff Minerals has raised A$14.4 million at a notable premium, positioning itself to fast-track exploration at its Rae Copper Project with drilling set to resume mid-year.