Latest Due Diligence News

Forrestania Resources has signed a binding option agreement to acquire 100% of Hyden Project Holdings, adding nearly 300,000 ounces of gold resources in Western Australia to its portfolio. The move aligns with its strategy to expand in the Forrestania gold region, with a major drilling program planned.

Santos Limited has agreed to extend the exclusivity period with the XRG Consortium, allowing more time to finalize due diligence for a potential A$8.89 per share cash takeover. The extension keeps the door open for competing bids, maintaining shareholder options.

Power Minerals Limited is set to acquire the Santa Anna Niobium-REE-Gallium Project in Brazil following successful due diligence that confirmed significant mineralisation and expansion potential.

Tombador Iron Limited has secured a significant tax refund from Brazil, boosting its cash position as it awaits further approvals on additional claims.

Universal Biosensors updates investors on a shift from a secured loan to a potential entitlement offer, signaling evolving funding strategies and extended timelines.

IDT Australia announces the immediate resignation of CEO Paul McDonald, appointing Executive Chair Mark Simari to lead as the company reports a 40.6% revenue increase but a widening net loss for FY25.

Maronan Metals has signed a non-binding MoU with Austral Resources to explore toll processing at the Rocklands facility, aiming to unlock cost-effective pathways for its mineral projects.

WT Financial Group and its joint venture Investco have incorporated two new 'Hubcos' to consolidate advisory firms and pursue strategic acquisitions, marking a significant expansion in their financial advice platform.

Prophecy International and Complexica announce a strategic merger to form MergeCo, an ASX-listed AI pure play with enhanced scale, product synergies, and growth potential.

Forrestania Resources has expanded its exploration footprint near Coolgardie by acquiring three new mineral license applications, enhancing its position around the Ada Ann gold project. The company is advancing its maiden Mineral Resource Estimate amid promising geological prospects.

Resolution Minerals has received a non-binding $225 million offer from NASDAQ-listed Snow Lake Resources for its Horse Heaven Project in Idaho, signaling potential major shifts for the company’s US operations.

Finexia Financial Group has ended talks on a major disposal deal and is managing loan defaults with fresh collateral, while expanding its childcare lending strategy.