MP1 — Megaport raises A$827M to build AI inference cloud with A$459M in new GPU contracts

Megaport is raising a whopping A$827 million via a fully underwritten 1-for-3.08 non-renounceable entitlement offer — one of the largest ASX tech capital raises in recent memory. Four new AI infrastructure contracts worth A$459 million in total contract value have already been secured, and the company is establishing a A$350 million on-demand GPU Pool targeting enterprise and sovereign AI markets. Pro forma Group ARR jumps to A$662.9 million, with the compute division alone hitting A$385.2 million. This is one of the biggest strategic transformations we have seen from an ASX technology company in years — Megaport is no longer just a network company.

STN — Saturn Metals delivers record 26% resource upgrade at Apollo Hill, lifting gold inventory to 2.83 million ounces

Saturn Metals has delivered a record 26% resource upgrade at Apollo Hill in WA — the largest single increase in the project’s history — adding 590,000 ounces to push total gold inventory to 2.83 million ounces following a 367-hole drilling program. The higher-confidence Measured and Indicated category now stands at 2.19 million ounces, representing 77% of the total resource — a strong foundation for a Definitive Feasibility Study and updated Ore Reserve both targeted for late 2026. Mineralisation remains open in multiple directions, so the resource could keep growing.

ALD — ACCC approves Ampol’s acquisition of EG Australia with 41-site divestiture condition

Ampol has received ACCC approval to acquire EG Australia for approximately $1.115 billion in cash, combining its 622-site network with EG’s 512 retail fuel sites. The condition is a divestiture of 41 sites to Metro Petroleum — already approved as the buyer, so no further regulatory hurdles remain. Ampol elected to cash-settle the scrip component rather than issue new shares, preserving full earnings accretion for existing shareholders. Targeted synergies of $65 to $80 million are on track, with the deal expected to close 30 June 2026.

Mid-Tier Movers

DXN — DXN landed its maiden AI high-performance computing contract — an A$8.8 million deal with a US-listed neo-cloud operator to build a 1.36MW modular data centre, with manufacturing starting immediately at its Welshpool facility. The pilot is explicitly structured as a proof-of-concept with the customer flagging intent to scale to a campus programme worth potentially USD$200 million or more. Transformative potential for a small-cap.

49M — 49 Metals hit its best-ever intercept at Gold Mountain in Nevada’s Walker Lane — 9.1 metres at 21.9 g/t gold within a broader 27.4 metre hit at 8.3 g/t. The company interprets this as a structurally controlled feeder structure that could significantly expand the scale of the epithermal gold system, with four more holes still awaiting assay.

ACF — Acrow’s Industrial Access division smashed through $200 million in revenue for FY26, up roughly 50% on the prior year, driven by organic growth and two acquisitions performing ahead of expectations. The division has already locked in circa $180 million of FY27 revenue including a renewed Glencore contract — strong earnings visibility heading into the new financial year.

EQR — EQ Resources received board approval for a A$39 million expansion at its Mt Carbine tungsten mine in Queensland that will double crushing capacity to 2 million tonnes per annum by Q3 FY2027. The project adds an initial 500 tungsten trioxide tonnes per annum and is fully internally funded — no dilution required.

MX1 — Micro-X captured the world’s first Carbon Nanotube Cone Beam CT human brain images at Royal Melbourne Hospital — a genuine world-first in its miniature head CT scanner for stroke diagnosis. A blind multi-centre pilot study across 108 patients at four sites is now underway, and a $0.4 million MRFF milestone payment has been triggered.

TVN — Tivan secured a guaranteed minimum $15 million through a $10 million option underwriting backstopped by Regal Partners and a $5 million placement to the Tuckwell family office ETFS Capital at $0.30 per share — funding accelerated development across its Australian and Timor-Leste projects with no equity discount on the placement.

Rapid Fire

* SMX — Strata Minerals completed Phase 2 drilling at Zelica Gold in WA with a 94% hit rate across 17 holes — best intercept 12 metres at 2.08 g/t gold — with a maiden JORC resource and development partner already secured and less than 15% of the 9.5 kilometre corridor tested.

* GML — Gateway Mining returned 10 metres at 2.2 g/t gold including 2 metres at 9.2 g/t at the new Celia South prospect, extending its Yandal system 20 kilometres south. RC drilling kicks off 15 June.

* VYS — Vysarn is acquiring WA irrigation and water infrastructure business NewGround for up to $25 million cash and 33 million shares, expected to be 25% earnings per share accretive on a pro forma basis.

* PMT — PMET Resources extended its Mickel LCT Pegmatite Trend from 5.5 to 10.5 kilometres in Quebec with new caesium, lithium and tantalum discoveries — standout surface grades include 16.43% caesium oxide.

* PGO — Pacgold is demerging its North Queensland gold assets into Emerald Resources-backed Manda Resources, which will assemble a 1.33 million ounce resource ahead of a minimum $21 million ASX IPO later in 2026.

* CYP — Cynata received a positive EMA paediatric committee opinion for CYP-001 in acute graft versus host disease — a mandatory EU hurdle cleared, opening the path to Phase 3 trials in a market twice the size of the US.

* MAP — Microba Life Sciences halted trading ahead of a material capital raise and break-even update. Watch for the announcement before Friday’s open.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

THL — thl receives revised NZ$3.10 per share cash takeover bid from BGH Capital-led consortium

Tourism Holdings has received a revised non-binding indicative offer of NZ$3.10 per share in cash from a consortium of BGH Capital and the Trouchet family, who already own approximately 19.9% of thl. This is a bumped offer, signalling the acquirer is serious. The deal is conditional on due diligence, debt finalisation, BGH internal approval, and a unanimous board recommendation, with shareholders holding around 16% already expressing support for granting due diligence access. The Board is still assessing whether to engage — the revised NBIO expires 12 June if thl hasn’t responded.

STG — Straker delays FY2026 results and faces trading suspension after US fraud discovery

The Straker situation has escalated significantly. The company has confirmed a significant fraud involving a US-based employee and funds in its US subsidiary, Straker Translations Inc — and is now unable to release its audited FY2026 results by the 29 May deadline. Auditor BDO needs more time to assess the fraud’s impact before signing off, meaning Straker faces compulsory ASX trading suspension from 1 June 2026. The investor briefing scheduled for today has been cancelled. No dollar figure on the fraud has been disclosed yet — that number, when it comes, will be critical for anyone still holding this stock.

AQD — AusQuest’s Cangallo copper-gold project delivers more large RC drill hits as major 5,000m diamond drilling program kicks off

AusQuest wrapped up Stage 3 RC drilling at its Cangallo porphyry copper-gold project in Peru with standout results — 342 metres at 0.27% copper and 236 metres at 0.30% copper, with three of four holes ending in mineralisation confirming the system extends well beyond 400 metres depth. The company is now launching a plus-5,000 metre diamond drilling program targeting depths of up to 800 metres, chasing a potential high-grade hypogene copper core below current drilling. Porphyry copper systems of this scale attract major mining company attention — watch as the diamond program progresses.

Mid-Tier Movers

TBN — Tamboran Resources finalised its acquisition of Falcon Oil & Gas, becoming the dominant acreage holder in the Beetaloo Basin with approximately 2.8 million net prospective acres. The 2026 operating program is the most active yet — at least four wells to be drilled, five to be stimulated — and first gas sales from the Pilot Project remain on track for Q3 2026.

AOF — Australian Unity Office Fund sold its final asset, 150 Charlotte Street Brisbane for $40 million, completing the full portfolio disposal. Units are suspended from 3 June and the fund delists 9 June 2026. Unitholders can expect aggregate returns of 37 to 38 cents per unit, with an initial compulsory redemption of 19-in-20 units expected before 30 June.

SLC — Superloop finalised its $165 million acquisition of Lightning Broadband, adding over 56,000 secured lots across six states and roughly 16,000 active services to its FTTP network. Post-acquisition net debt sits at a comfortable 1.4 times EBITDA and the ACCC has already cleared the deal — Superloop is quietly building serious national fibre scale.

GG8 — Gorilla Gold delivered more high-grade hits at the Sovereign Deposit in WA’s Comet Vale — 3.8 metres at 21 g/t and 2.1 metres at 24.8 g/t gold. The deposit hosts 410,000 ounces at 4.3 g/t with strike potentially extending beyond 2.5 kilometres, and five rigs are now turning at the North Kalgoorlie Hub.

JDO — Judo Bank priced a $750 million SME loan securitisation — upsized from $500 million on strong demand — qualifying for regulatory capital relief and lifting pro forma CET1 from 12.6% to 13.2%. The deal is expected to deliver a 25 to 30 basis point uplift to FY27 return on equity, settling 4 June.

AII — Almonty Industries is set to join both the Russell 1000 and Russell 3000 indices from 29 June 2026 following the annual reconstitution. With approximately $12.2 trillion benchmarked against Russell indexes, inclusion typically drives meaningful passive fund buying — a significant milestone for this Western world tungsten producer.

Rapid Fire

* CTT — Cettire is opening a flagship store on Alibaba’s TMall Global luxury platform targeting mainland China, adding to existing JD.com and cettire.cn channels — expected live in Q1 FY27 with no local inventory required. The company is also in a trading halt ahead of a separate material partnership announcement due before Tuesday’s open.

* CCL — Cuscal completed its acquisition of New Zealand payments provider Paymark from Worldline, expecting mid-single digit EPS accretion and mid-teens return on invested capital in FY27.

* MAU — Magnetic Resources set 3 June as the shareholder vote date for the Genesis Minerals acquisition scheme, with the Supreme Court of WA hearing set for 9 June — the deal is in its final stretch.

* ELS — Elsight landed a US$2 million repeat order from a US public safety drone customer — more than four times the initial January purchase — validating its Halo platform in the fast-growing BVLOS market.

* DXS — Dexus halted trading pending a Supreme Court of NSW judgment this morning — the nature of the proceedings hasn’t been disclosed but the outcome could be market-moving for this major property group.

* EGR — EcoGraf confirmed its HFfree graphite purification process is cost-competitive across seven global locations, with a US facility modelling a pre-tax NPV of US$282 million at a 42% IRR on US$95 million capital.

* AGY — Argosy Minerals hit 99% lithium chloride purity and 94.4% lithium recovery at its Rincon pilot plant in Argentina, de-risking the path to its 12,000 tonne per annum DFS.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

MEU — Marmota hits spectacular high-grade gold assays up to 41 g/t at Greenewood discovery in South Australia

Marmota’s Greenewood discovery in South Australia’s Gawler Craton is throwing up extraordinary numbers. Stage 2 detailed assays include hits of 41 g/t and 40 g/t gold, with the combined maiden program now delivering 6 intersections above 40 g/t, 18 above 20 g/t, and 119 above 5 g/t. Geologists are already drawing comparisons to the Challenger gold mine discovery in 1995, which went on to produce over a million ounces. Mineralisation is confirmed open along strike and at depth, and a Stage 3 drilling program targeting major extensions is already underway — newsflow from MEU should continue to build over coming weeks.

GLN — Galan Lithium completes commissioning at HMW, first processed lithium brine delivered to final evaporation ponds

Galan Lithium has hit a major operational milestone — wet plant commissioning at its Hombre Muerto West project in Argentina is complete, with processed lithium chloride now flowing into final evaporation ponds. Around 10,000 tonnes LCE of brine inventory is already stockpiled to support the production ramp-up, and lithium chloride concentrate ready for sale is expected in the second half of 2026. Phase 1 capacity is also being expanded from 4,000 to 5,200 tonnes LCE per annum, with the uplift targeted for H1 2027. For GLN shareholders, this is the producer transition they have been waiting for.

FEG — Far East Gold receives unsolicited A$0.13 per share cash takeover bid from Hong Kong-based Xingye Gold

Far East Gold has received an unsolicited off-market takeover bid from Xingye Gold at 13 cents per share — with zero prior discussions or engagement between the two parties. The FEG board is reviewing the offer with legal and financial advisers and has told shareholders to sit tight until a formal Target’s Statement and recommendation are released. Unsolicited bids like this often signal the acquirer sees significant value the market hasn’t fully priced in — watch this space for a potential counter-offer or revised bid.

Mid-Tier Movers

IVZ — Invictus Energy executed a full Petroleum Production Sharing Agreement with the Republic of Zimbabwe for its Cabora Bassa Project, replacing the previous framework from 2021. The agreement includes National Project Status, Special Economic Zone status, investment protections, and formalises participation of Zimbabwe’s Mutapa Investment Fund. With the legal and fiscal framework locked in, Invictus is advancing toward its high-impact Musuma-1 exploration well targeted to spud in H2 2026 — a genuine catalyst to watch.

VUL — Vulcan Energy reached Financial Close on a massive €2.2 billion — roughly $3.9 billion Australian — financing package for its Lionheart lithium project in Germany’s Upper Rhine Valley. The project targets 24,000 tonnes per annum of lithium hydroxide alongside renewable energy co-products over a 30-year mine life — a landmark moment for Australian-listed green lithium.

TOK — Tolu Minerals found two brand new high-grade gold vein systems near existing Tolukuma mine infrastructure in PNG — the Fundoot Splay returned 4.67 metres at 42.76 g/t gold. Underground mining has also restarted on the 1560 Level with face sampling exceeding 31 g/t, and these results are the opening act of a planned 75,000-metre near-mine drilling campaign.

CCM — Cadoux’s premiumHPA high purity alumina passed a rigorous 24-month, 7-step qualification process within the EU-funded SAFELOOP EV battery development project — validating it meets exacting purity and thermal stability standards for battery separator coatings. This positions Cadoux as a credible commercial HPA supplier and creates a direct pathway to binding offtake agreements.

TGH — Terragen Holdings landed its first large-scale commercial supply deal — 360,000 probiotic doses for Ravensworth Feedlot — plus a $2.8 million industry-funded trial across 10,000 head of cattle at Australia’s largest single-site beef feedlot. If KPIs are met, management says these agreements could drive up to a 50% increase in total sales relative to FY2026 levels.

GHM — Golden Horse Minerals extended its Hopes Hill gold system to over 3 kilometres of strike after drilling confirmed mineralisation more than 1,000 metres north of a previous hole, with a standout result of 12 metres at 7.0 g/t gold from 278 metres depth. Four rigs are now turning on site with further results pending across all three zones.

Rapid Fire

* CRR — Critical Resources hit sulphide-class solid-state electrolyte performance — 3.2 mS per centimetre ionic conductivity — without using toxic sulphur, a potentially scalable breakthrough for defence and data centre battery applications, independently verified at South Dakota School of Mines.

* DVP — Develop Global is targeting a Final Investment Decision next month for an 850,000-tonne DSO lithium operation at Pioneer Dome, with infill drilling exceeding the resource model and first sales potentially in the December 2026 quarter.

* ACW — Actinogen received positive EMA scientific advice for its Xanamem Alzheimer’s drug, mirroring prior FDA guidance and giving the company a clear regulatory roadmap in both major global markets — topline Phase 2b/3 results expected November 2026.

* GRX — GreenX Metals unveiled a massive exploration target at its German Tannenberg copper project — up to 3.9 million tonnes of copper and 188 million ounces of silver — with active drilling and seismic surveys now being planned.

* PLY — PlaySide Studios is in a trading halt pending a material update on a major external contract. Direction of the news is unknown — watch for the release before Monday’s open.

* CIA — Champion Iron is also in a trading halt pending a further announcement. Given CIA’s scale as an iron ore producer, this one is worth keeping on the radar.

* UOS — United Overseas Australia announced the passing of co-founder and Chairman-MD Chong Soon Kong — Pak Lim Kong has been appointed interim leader and the company says operations remain stable.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

AA2 — Ariana Resources delivers blockbuster Dokwe PFS with post-tax NPV of US$740M and 92% IRR at US$4,250/oz gold

Ariana Resources has delivered one of the most compelling junior gold project economics you will see on the ASX. The Pre-Feasibility Study for its 100%-owned Dokwe Gold Project in Zimbabwe returns a post-tax NPV of US$740 million — over A$1 billion — and a staggering 92% IRR at US$4,250 per ounce gold, with an approximate one-year payback from commissioning. The Ore Reserve has jumped 42% to 1.13 million ounces, supporting a 20-year mine life producing over one million ounces at a peak rate of 100,000 ounces per annum — all from a low pre-production capex of just US$164 million. The company is debt-free with A$53 million in cash and is targeting a Definitive Feasibility Study in Q1 2027.

IG6 — IG6 signs binding JV with Italy’s Alkeemia to build a 10,000–15,000 t/y graphite processing hub in Porto Marghera, Europe

International Graphite has signed a binding Joint Venture with Italian HF producer Alkeemia to build a 10,000 to 15,000 tonne per year graphite processing facility at Porto Marghera, Italy — a direct foothold in the European critical minerals supply chain. IG6 holds a 49% stake with a 50/50 profit share, while Alkeemia contributes the land, permits, infrastructure and operational workforce. Construction is targeted to begin Q3 2026 with first production expected in the second half of 2027. This is a significant strategic move for a small ASX explorer, plugging directly into European battery supply chain demand at a time when the EU is actively reducing dependence on Chinese graphite.

STG — Straker confirms fraud at US subsidiary, investigation ongoing with law enforcement

Straker Limited has confirmed that fraudulent transactions occurred involving bank accounts of its US subsidiary, Straker Translations Inc, and is cooperating with US law enforcement. This is the update the market was waiting for after last week’s trading halt — and critically, no financial impact or dollar amount has been disclosed. That lack of transparency will be deeply unsettling for shareholders who have no way to assess the materiality of the loss. Management says business operations are continuing as normal, but investors should watch closely for a follow-up announcement quantifying the damage. This kind of news can have a long tail.

Mid-Tier Movers

RCE — Recce Pharmaceuticals signed a term sheet for a 10-year exclusive licensing deal for its R327 Topical Gel across MENA markets including Saudi Arabia, GCC countries, Egypt, Algeria and Morocco, with milestone payments worth up to USD $3.5 million plus a 30% share of net selling price and a 6% royalty on net sales above USD $50 million per year. The definitive agreement is targeted for next quarter — while non-binding for now, this is meaningful commercial validation in a high-burden diabetic foot infection market of 84 million diabetes patients.

SVM — Sovereign Metals confirmed the presence of high-value heavy rare earth minerals including Dysprosium, Terbium and Yttrium across four pits in the Kasiya DFS mine plan, with independent pricing suggesting a potential premium of up to US$16,000 to US$19,000 per tonne versus the current benchmark of around US$6,142 per tonne. Critically, the monazite may be recoverable from existing DFS tailings with no additional mining required — a potential third revenue stream alongside rutile and graphite that could be a material re-rating catalyst for what is already a US$2.2 billion pre-tax NPV project.

MNB — Minbos Resources completed the final security agreement for its US$16 million IDC loan facility and submitted its first drawdown request for US$4.8 million to fund Phase 1 civil works and mobilise the Phase 2 construction contract for its Cabinda Phosphate Fertilizer Project in Angola. Combined with a previously announced BFA loan of US$5.48 million, remaining construction costs are now fully funded — this project is moving from development to reality.

IVZ — Invictus Energy entered a trading halt pending a major update to its Petroleum Production Sharing Agreement with the Government of Zimbabwe, relating to its Cabora Bassa Basin assets which host the Mukuyu gas discovery. A PPSA update of this nature could be transformational — investors in IVZ should watch for the announcement before trading resumes on Friday 29 May.

LU7 — Lithium Universe acquired an exclusive global licence for the University of Edinburgh’s patented Gold Copper Diamide Extraction process, which selectively recovers gold and copper from e-waste without high-temperature smelting. Gold content in e-waste can be up to 100 times richer than natural ore, with one tonne worth approximately US$46,320 at current prices. The acquisition complements LU7’s existing silver extraction technology from solar panel recycling, positioning the company as a broader critical and precious metals recycler.

KNO — Knosys renewed its enterprise knowledge management contract with ANZ Bank for two years at a total value of $3.8 million — with the full amount paid upfront, providing a significant cash boost for a small-cap software company. The deal also involves integrating a new AI assistant into ANZ’s knowledge management portal, keeping Knosys relevant in the rapidly evolving enterprise AI space.

Rapid Fire

* PRX — Prodigy Gold’s Hyperion Scoping Study delivers a pre-tax NPV of A$107 million and a 63% IRR with just A$24 million upfront capex — a compelling result for a small Tanami North gold project targeting 260,000 ounces over four years.

* KNI — Kuniko wrapped up Phase 1 drilling at Commonwealth-Silica Hill in NSW with spectacular results including 0.5 metres at 346.7 g/t gold equivalent — Phase 2 drilling kicks off in early July targeting step-out extensions and deeper high-grade zones.

* BAS — Bass Oil secured a $3.5 million South Australian government grant to develop its Kiwi liquids-rich gas field, with 25% of funds advanced immediately — cornerstone funding for a field that previously flowed 4.1 million cubic feet of gas per day.

* A3D — Aurora Labs upgraded its relationship with missile maker MBDA — €44 billion order backlog — from an MOU to a formal three-year Teaming Agreement for 3D-printed turbojet engine technology targeting European and Australian defence markets.

* EMV — EMVision’s portable brain scanner passed a real-world aeromedical test with the Royal Flying Doctor Service across 13 patient transfers up to 371 kilometres from Adelaide, with the company also receiving its final $400,000 milestone payment from the Australian Stroke Alliance.

* BDM — Burgundy Diamond’s Arctic Canadian subsidiary had its court-approved insolvency stay extended to July 28 with DIP financing approved — a formal sales process for the Ekati diamond mine is now underway.

* E25 — Element 25 locked in long-term mining and haulage contracts with ReGroup for its Butcherbird Manganese Expansion Project, targeting 1.1 million tonnes per annum with commissioning on track for Q1 2027.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

BTR — Brightstar Resources approves Final Investment Decision for Goldfields Project, commencing construction of 1.5Mtpa Laverton gold plant targeting first gold in Q2 2027

Brightstar Resources has made its Final Investment Decision for the Goldfields Project in Western Australia, executing a $110 million EPC contract with GR Engineering Services to build a 1.5 million tonne per annum processing plant at Laverton. The project is fully funded via a A$193 million equity raising and US$120 million bond financing, with first gold production targeted for the June quarter 2027. At a pre-tax NPV of A$606 million, a 74% IRR, and approximately A$1.0 billion in forecast free cash flow over a six-year mine life producing around 75,000 ounces per year, this is a well-structured project moving from decision to dirt.

ALX — Atlas Arteria board unanimously recommends shareholders REJECT IFM’s unsolicited takeover bid

Atlas Arteria’s Independent Directors have lodged a formal Target’s Statement with ASIC, unanimously recommending securityholders reject IFM’s off-market takeover bid from Diamond Infraco 1 Pty Ltd. The board is telling shareholders to simply ignore all documents from IFM — effectively the strongest possible language in a target’s statement. Meanwhile IFM has confirmed the bid has cleared EU and US HSR regulatory hurdles, keeping the offer alive despite board opposition. This is shaping up as a classic hostile takeover battle, and with IFM already holding 34.48% of the register, the outcome will turn on whether remaining institutional holders side with the board or take the cash.

STK — Strickland Metals boosts Gradina gold resource 50% to 1.8Moz, lifting total Rogozna project to 9.24Moz AuEq

Strickland Metals has delivered a 50% resource increase at its Gradina Deposit in Serbia, lifting it to 1.8 million ounces of gold at 2.8 g/t. That pushes the total Rogozna Project to 9.24 million ounces of gold equivalent across four deposits — firmly Tier-1 territory. The deposit remains open in all directions with the company holding around $81 million in cash, and further drilling and resource growth look very likely ahead.

Mid-Tier Movers

GGP — Greatland Resources received both State and Commonwealth environmental approvals for its Havieron gold-copper project in Western Australia, clearing the final regulatory hurdle before a Final Investment Decision targeted this June quarter. Once in steady state, Havieron is expected to produce around 270,000 ounces of gold per year at lowest-quartile costs over a 17-year mine life — a genuinely significant project for the WA goldfields.

AGR — Aguia Resources received its commercialisation licence from Brazil’s Ministry of Agriculture, allowing its Pampafos phosphate project to begin invoicing and selling product immediately. Plant commissioning kicked off on 22 May at 24 tonnes per hour with first truck deliveries expected by 1 June, and Pampafos is priced around 30% cheaper than imported MAP on a nutrient-adjusted basis — a meaningful competitive advantage at a time when Strait of Hormuz disruptions have elevated imported phosphate prices.

BML — Boab Metals executed a $109 million EPC contract with GR Engineering for the Sorby Hills Silver-Lead Project in WA, with the scope involving relocating and refurbishing the DeGrussa processing facility. Commercial concentrate production remains on schedule for H2 2027 — and GR Engineering has now landed two major EPC contracts in a single day worth a combined $219 million.

NSB — NeuroScientific Biopharmaceuticals reported an 80% clinical response rate — four out of five patients — treated with its StemSmart stem cell therapy for fistulising Crohn’s disease under the TGA Special Access Scheme, with no serious adverse events. A pivotal Phase 2 trial in Australia is being developed to commence in the second half of 2026, targeting a ~US$13 billion global market.

VMM — Viridis Mining produced its first batch of Mixed Rare Earth Carbonate from its Colossus Demonstration Plant in Brazil — one of the largest semi-industrial ionic clay rare earth facilities outside China. The milestone opens the door to supplying product samples to offtake partners and validating DFS parameters, with commercial-scale production targeted for 2028.

PHO — PhosCo cracked a significant metallurgical challenge at its Gasaat Phosphate Project in Tunisia, demonstrating a simple single-stage flotation circuit can produce commercial-grade concentrate up to 31.4% P2O5 — eliminating three previously required processing steps and materially cutting both capital and operating costs ahead of an updated Scoping Study due in Q3 2026.

Rapid Fire

* HIO — Hawsons Iron’s PFS update delivers a 37% NPV boost to AU$1.87 billion after replacing truck haulage with a conveyor system, saving $7.42 per tonne in operating costs and improving the IRR from 10.9% to 11.9%.

* OSX — Osteopore won Hainan FDA approval to sell its 3D-printed bioresorbable orthopaedic implants at one of China’s top-ranked hospitals, with the first surgery scheduled for June 2026 — a fast-track entry point into a USD 2.5 billion Chinese orthopaedic market.

* MGT — Magnetite Mines replaced its MD and launched a strategic reset, shifting toward phased development and critical minerals amid funding challenges and a slower-than-expected green steel transition.

* SKN — Skin Elements filed a Takeovers Panel application alleging undisclosed associates hold over 20% of shares, seeking to adjourn an EGM scheduled for 2 June that could remove directors.

* LEL — Lithium Energy is selling its Queensland graphite assets to M Battery Materials for $20 million, with plans to distribute the resulting MBM shares to its own shareholders once MBM lists on the ASX.

* 5EA — 5E Advanced Materials delists from the ASX today, with CDIs suspended from close of trade — investors need to convert to Nasdaq-listed stock under ticker FEAM to retain exposure.

* AGC — Australian Gold and Copper is in a trading halt pending announcement of a material acquisition and capital raise, with details expected before Thursday morning.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

ARU — Arafura Rare Earths secures $350 million institutional placement to fund Nolans construction

Arafura Rare Earths has closed its two-tranche A$350 million institutional placement at $0.26 per share, with Hancock Prospecting anchoring the raise with an A$85 million commitment to take a roughly 17.5% post-placement stake. Combined with existing cornerstone investor commitments from EFA, GRMF and NRFC, pro forma cash hits approximately A$1.341 billion upon settlement — fully funding the equity component of the Nolans Project with construction targeting commencement around September 2026. A A$25 million Share Purchase Plan is also open for eligible retail shareholders at the same price. Tranche One settles 28 May, with Tranche Two subject to shareholder approval at an EGM on 2 July. Australia’s first integrated ore-to-oxide rare earths project is now fully funded and construction-ready.

HAR — Haranga Resources delivers maiden JORC gold resource of 402koz at 5.1g/t at Lincoln Gold Project in California

Haranga Resources has delivered a maiden JORC-compliant resource of 402,000 ounces of gold at an exceptional 5.1 g/t across two California deposits — Lincoln-Comet at 275,000 ounces at 5.7 g/t and Medean at 127,000 ounces at 4.1 g/t. This represents a 40.6% increase on the previous non-compliant historical estimate, and the project already has approximately $90 million in prior capital invested including an 880-metre underground decline, a 315,000 tonne per annum processing plant and key mining permits already in place. Management is now scoping a Rapid Restart pathway and targeting multi-million ounce scale through further drilling, with a South Spring Hill exploration target of 202,000 to 308,000 ounces identified for H2 2026 conversion. At 5.1 g/t, this is one of the highest-grade gold developers on the entire ASX.

ALC — Alcidion secures 7-year, $35M UK NHS contract for its Miya Precision EPR platform

Alcidion has signed a seven-year, $35 million contract with University Hospitals Sussex NHS Foundation Trust to deploy its Miya Precision Electronic Patient Record platform — extendable to $49 million over ten years. The company expects to book $8.5 million in revenue from this contract in FY26 alone, with implementation beginning immediately and phase one go-live targeted for June 2027. This is Alcidion’s third EPR platform contract in the UK and includes the first deployment of its virtual care module to a UK customer. Serving approximately one million people across seven hospitals with nearly 20,000 staff, UHSussex is a major reference customer in a large and sticky market.

Mid-Tier Movers

X2M — X2M Connect secured South Korea’s first AI-enabled integrated smart water meter manufacturing licence, targeting a replacement market of approximately one million units per year with a total addressable market of $1.3 billion in hardware. Two years of private contract access means water authorities can procure directly without a tender, and every unit connects to X2M’s SaaS platform generating up to $52 million in potential annual recurring revenue.

BPT — Beach Energy agreed to sell its 60% operated interest in the Artisan gas discovery for $70 million upfront plus a production royalty worth approximately $140 million over the life of the field. The deal cancels the La Bella 2 development well and unlocks over $500 million in near-term capital for redeployment — a significant strategic pivot toward higher-return opportunities.

NGS — Nutritional Growth Solutions is acquiring Sprout Organic, the maker of the world’s first FSANZ-approved 100% organic plant-based infant formula, for approximately A$8 million in scrip. The deal creates a paediatric nutrition platform spanning birth through to adolescence, with Sprout products already in 1,000-plus retail outlets including Chemist Warehouse and Woolworths Online, and a $2.5 million placement secured to fund integration.

GBR — Great Boulder Resources hit up to 165 g/t gold in drilling outside its existing one-million-ounce resource at Side Well in WA, confirming a 2.5 kilometre continuous mineralised system linking the Mulga Bill and Eaglehawk deposits. The continuity raises the prospect of a single large open pit — a clear pathway to resource growth well beyond the current base.

AUE — Aurum Resources received all three environmental approvals required under Ivorian law for its 3.22 million ounce Boundiali Gold Project — clearing the final mandatory legal hurdle before a formal mining licence can be granted. With a Pre-Feasibility Study due this quarter and $61 million cash in the bank, Aurum is moving quickly through the development pipeline.

WCN — White Cliff Minerals confirmed copper mineralisation across a new 1.5 kilometre strike at its Rae Copper Project in Canada, over 5 kilometres from the original discovery, with intercepts including 15.24 metres at 1.51% copper. The total mineralised footprint now exceeds 5.4 kilometres, with around 10,000 metres of additional drilling planned through to end of July.

Rapid Fire

* AWJ — Auric Mining boosted its Munda Gold Resource by 32% to 192,000 ounces despite mining depletion, after the Starter Pit delivered gold production 46% above budget — a scoping study for combined open pit and processing plant development is now underway.

* HMX — Hammer Metals kicked off its Kalman resource upgrade drilling in NW Queensland with a strong opening hole of 124 metres at 2.2% copper equivalent, with molybdenum and rhenium prices near all-time highs enhancing project economics.

* LGP — Little Green Pharma’s acquisition of Cannatrek has been approved by the Federal Court and is legally effective, with scheme consideration due to be issued on 1 June — creating a larger combined medicinal cannabis operator.

* KNB — Koonenberry Gold identified a third high-grade fault structure at its Enmore Project in NSW with rock chips returning up to 87 g/t gold over 700 metres of strike — drill approvals are being fast-tracked.

* IXR — Ionic Rare Earths signed binding supply deals with US defence magnet maker Advanced Magnet Lab, which holds a US Defense Logistics Agency contract — a tangible step toward building a sovereign ex-China rare earth supply chain for Western defence markets.

* FUL — Fulcrum Lithium drilled its thickest ever intersection of 147.9 metres at 507 parts per million lithium at Alkali Flats in Nevada, with the deposit now spanning over 32 square kilometres ahead of a maiden resource estimate.

* NIC — Nickel Industries upgraded its Sampala Project resource to 1,095 million wet metric tonnes at 1.24% nickel — a more than 350% increase since September 2024 — making it one of the largest nickel laterite resources in the world.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

ARU — Arafura launches A$350M placement and A$25M SPP at A$0.26/share to fully fund Nolans Rare Earths Project

The day after making its Final Investment Decision, Arafura Rare Earths has launched a two-tranche A$350 million institutional placement at A$0.26 per share to fully fund the equity component of the Nolans Project. Hancock Prospecting is anchoring the raise with an A$85 million commitment, taking a roughly 17.5% post-placement stake — serious institutional conviction from one of Australia’s most credible mining investors. Combined with prior equity raises and binding commitments from sovereign-backed institutions across four nations, pro forma cash hits approximately A$911 million upon settlement. A A$25 million SPP is also open for eligible retail shareholders. With 93% of binding offtake targets secured and construction starting September 2026, Australia’s first integrated ore-to-oxide rare earths project is now fully funded.

GYG — GYG exits US market immediately, takes US$30-40M hit but upgrades Australia EBITDA guidance to $85M

Guzman y Gomez is pulling the plug on all US operations in Chicago with immediate effect — the company says sales momentum was insufficient and financial performance missed every hurdle. The exit will cost GYG a one-off P&L charge of US$30 to $40 million in FY26, though cash exit costs are capped at US$15 million — painful but contained. The more important number for investors is the silver lining: Australian segment underlying EBITDA guidance upgraded to approximately $85 million for FY26, representing 29% growth on the prior year. The domestic business is clearly firing and the strategic focus is now squarely back on Australia and its profitable international master franchise markets in Singapore and Japan.

STG — Straker Limited halted pending investigation into US bank account transaction anomalies

Straker Limited has called an immediate trading halt while it investigates transaction anomalies discovered in its US bank accounts. No further details have been disclosed, but a halt triggered by potential financial irregularities — rather than a routine capital raise or corporate transaction — is a serious red flag for investors. The halt remains in place until at least Tuesday 26 May. This is one to watch very carefully over the long weekend.

Mid-Tier Movers

IMU — Imugene’s off-the-shelf CAR T therapy azer-cel delivered an 81% overall response rate across 16 evaluable patients with relapsed or refractory blood cancers — with 100% response rates in four subtypes including CLL and follicular lymphoma. The data has been accepted as an ASCO 2026 abstract with an oral presentation on 29 May in Chicago, a major stage for biotech visibility, and a new combination cohort pairing azer-cel with a BTK inhibitor has been opened targeting a global market worth approximately US$12 billion.

MPK — Many Peaks Minerals raised A$27.5 million at $0.90 per share — only a 3.2% discount to last close — to advance its Ferké Gold Project in Côte d’Ivoire, funding a pre-feasibility study targeted for Q4 2026 and more than 35,000 metres of drilling to grow the existing 1.32 million ounce gold resource. Post-raise cash exceeds A$33 million against a market cap of roughly A$151 million — well capitalised to execute.

DTI — The Morris Family Trust’s takeover of DTI Group is closing fast. The offer shuts on 29 May with no extension, the bidder already controls between 75% and 90% of shares, and if the 90% compulsory acquisition threshold is crossed the company will be delisted from the ASX entirely. Regardless of the final tally, the entire DTI board is being replaced — remaining shareholders need to act before next Friday.

TUA — Tuas Limited has walked away from its acquisition of Singapore telco M1 Limited after conditions precedent failed to be met by the extended Long-Stop Date of 21 May — a deal first announced back in August 2025 has now officially lapsed. Complicating matters further, Simba Telecom is cooperating with a regulatory investigation by Singapore’s IMDA into potential breaches of telecommunications law.

GRL — Godolphin Resources is spinning out its Narraburra Rare Earths Project into a new separately listed entity called Matrix Critical Minerals, with MST Financial appointed as lead manager for an ASX IPO targeted in the second half of 2026. The project hosts a 94.9 million tonne JORC resource rich in heavy rare earths dysprosium, terbium and yttrium — commodities that surged in strategic value following China’s 2025 export controls. Existing GRL shareholders are in line for an in-specie distribution plus a priority IPO allocation.

VFY — Vitrafy Life Sciences hit a significant IPO milestone with its platelet cryopreservation technology exceeding all FDA and European regulatory standards in a US Army validation study — a 94.4% post-thaw platelet recovery rate using a 3% DMSO no-wash protocol. This activates the pathway to FDA medical device registration for its GUARDION platform, targeted for the first half of FY27.

Rapid Fire

* MYX — Mayne Pharma was awarded over $13.27 million in legal costs after successfully defending proceedings brought by Cosette Pharmaceuticals over a terminated scheme — a clean win with a meaningful cash recovery, with interest still to be determined.

* MND — Monadelphous secured approximately $120 million in new contracts spanning two Rio Tinto Pilbara appointments, a battery storage project at Fortescue’s Cloudbreak mine, and a maintenance panel at Port Waratah Coal Services in Newcastle.

* ORN — Orion Minerals raised $15.4 million via placement at 2.2 cents per share to fast-track its South African copper assets, including early works at the Prieska Copper Zinc Mine, while finalising a US$250 million Glencore financing facility.

* AS1 — Asara Resources delivered standout gold hits at its Kada project in Guinea, including 40 metres at 4.5 g/t gold, confirming a high-grade northeast extension beyond the current resource envelope with five rigs in the ground.

* FXG — Felix Gold confirmed near-surface gold and antimony mineralisation in Alaska, with a best intercept of 29.26 metres at 2.16 g/t gold from just 13.4 metres depth and antimony grades up to 20.85%.

* HLX — Helix Resources acquired a 50% stake in a West Pilbara gold-lithium project sitting just 4 kilometres from the Andover Lithium discovery that SQM and Hancock Prospecting acquired for roughly $1.7 billion.

* PCK — PainChek raised $5.5 million in convertible notes to accelerate its US aged care expansion, capitalising on a new agreement covering 350 Sabra aged care homes in North America.

* NX1 — Nexalis Therapeutics called a trading halt pending an announcement related to its existing debt funding facility. No details yet — debt facility news can cut either way and is worth monitoring from Tuesday.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

ARU — Arafura Rare Earths makes Final Investment Decision to build Australia’s first fully integrated ore-to-oxide rare earths project

Arafura Rare Earths has made a Final Investment Decision on the Nolans Rare Earths Project in the Northern Territory — a landmark moment for Australia’s critical minerals industry. The project is backed by binding commitments from sovereign-backed institutions across four nations, with offtake agreements locked in with Hyundai, Kia, Siemens Gamesa and Traxys. Construction is targeting a September 2026 start under EPCM contractor Hatch, and Export Finance Australia has issued a non-binding Letter of Support for up to 500 tonnes per annum of NdPr Oxide under Australia’s Critical Minerals Strategic Reserve. This is Australia’s first fully integrated ore-to-oxide rare earths operation — a project years in the making that now has the green light.

EQT — ASIC files civil proceedings against Equity Trustees subsidiary over First Guardian Master Fund

ASIC has filed civil proceedings in the Federal Court against Equity Trustees Superannuation Limited over its role as trustee of the First Guardian Master Fund, seeking civil penalties, compensation and costs. Member losses through ETSL’s fund alone total approximately $70 million, part of an estimated $446 million in overall First Guardian investor losses. ETSL says it will defend the allegations, characterising First Guardian as primarily a case of alleged widespread fraud and arguing other parties should be the focus. This is a significant regulatory action with major implications for trustee accountability in Australia’s superannuation sector.

MM1 — Midas Minerals delivers exceptional copper-silver drill results at Namibia’s T-13 deposit, with intercepts up to 20.9% CuEq

Midas Minerals has reported spectacular infill drilling at its T-13 Copper-Silver Deposit in Namibia — intercepts including 50.6 metres at 7.81% copper equivalent and an eye-catching 14.4 metres at 20.9% copper equivalent, including 13.53% copper and 389 g/t silver. Infill drilling is confirming strong grade continuity in the Main Zone, while a first hole 600 metres away at T-13 West is opening up additional high-grade potential. Five drill rigs are active across the broader Otavi project with a sixth planned shortly and a resource estimate update expected later in 2026 — these are the kinds of grades that turn heads in the copper market.

Mid-Tier Movers

HGO — Hillgrove Resources secured an 80% earn-in to Havilah’s Mutooroo Copper Project in South Australia — a 12.5 million tonne resource grading 1.53% copper — via staged payments totalling up to $40 million. The smart angle is Hillgrove’s existing Kanmantoo processing facility, creating a lower-capital pathway with ore potentially railed directly for processing, fully funded from cashflow.

BTR — Brightstar Resources is on the cusp of a Final Investment Decision for its 1.5 million tonne per annum Laverton Processing Plant, with construction due to start June 2026 and first gold targeted for the June quarter 2027. The project targets approximately 75,000 ounces of gold per annum for six years, with a 2.5 million tonne per annum expansion study also underway.

GNG — GR Engineering executed a $229 million EPC contract with Genesis Minerals for the Tower Hill Gold Project in Western Australia — a 3.5 to 4 million tonne per annum gold processing facility. A significant contract win for GR Engineering and a further milestone in Genesis Minerals’ accelerating growth trajectory in the WA goldfields.

NOV — Novatti’s Alipay integration at UNSW has generated $33.6 million in gross transaction value and $0.5 million in revenue since launching in October 2025, enabling Chinese international students to pay tuition in yuan settled to the university in Australian dollars. UNSW is just the first of more than 30 Xetta-powered tertiary institutions eligible for the service — the Australian education payments opportunity here is substantial.

KNI — Kuniko delivered standout Phase 1 diamond drilling results at Commonwealth-Silica Hill in NSW — 7.1 metres at 8.4 g/t gold and 42 g/t silver, plus a 100-metre step-out at Silica Hill returning 3.4 metres at 4.1 g/t gold and a remarkable 2,947 g/t silver. A diamond rig is secured for Phase 2 commencing early July, targeting larger step-out extensions and deeper high-grade zones.

AVE — Avecho Biotechnology completed the treatment phase for all 244 participants in the interim analysis cohort of its pivotal Phase III insomnia trial, with the first efficacy readout expected in late June 2026. The company already holds a commercial partnership with Sandoz AG for Australia worth up to US$19 million including milestones — the interim data could be a significant catalyst.

Rapid Fire

* DPM — DPM Metals hit 58 metres at 15.28 g/t gold equivalent at Bulgaria’s Chelopech mine — more than double the current reserve grade — with an initial resource estimate targeted by year-end 2026 and preliminary metallurgy confirming compatibility with existing plant infrastructure.

* WWI — West Wits Mining executed a binding term sheet for a ZAR 875 million — roughly USD 53 million — senior loan facility with Absa Bank and Nedbank CIB to fund development of its Qala Shallows Gold Project in South Africa, which poured its maiden gold in March 2026.

* EOS — Electro Optic Systems completed its acquisition of MARSS, a counter-drone command and control business whose NiDAR system is actively protecting critical assets in the Middle East — expanding EOS’s defence division into the fast-growing counter-UAS market.

* ADO — AnteoTech’s Ultranode 95 silicon anode technology was independently validated in commercial-format drone battery cells, delivering over 390 watt-hours per kilogram — more than 40% higher than graphite — and exceeding defence drone cycle targets, with JDA discussions underway with two US drone battery manufacturers.

* AGN — Argenica Therapeutics cleared its second FDA hurdle for stroke drug ARG-007 with a clean Mouse Lymphoma Assay — only the hERG cardiac safety assay now stands between the company and a full clinical hold response to resume its US Phase 2b trial.

* IFM — The Takeovers Panel declined to block IFM’s off-market takeover bid for Atlas Arteria, clearing a key regulatory hurdle for the deal to proceed at up to $5.10 per security after ASIC granted relief and IFM provided undertakings addressing the Panel’s conditional pricing concerns.

* ABG — Abacus Group has been placed in a trading pause by ASX pending a material announcement — watch this space for what could be a capital raise or significant corporate event.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

EOS — EOS raises A$190M via institutional and strategic placements at A$8.00 per share to fund MARSS acquisition

Electro Optic Systems has completed a fully underwritten A$150 million institutional placement and announced an additional A$40 million strategic placement to Abu Dhabi-based defence firm Calidus and another institutional investor — all at A$8.00 per share. The Calidus placement is subject to shareholder approval at an EGM expected in late June, and a further A$25 million share purchase plan is on offer for eligible retail investors. Combined with a secured term loan, the raise funds the MARSS acquisition and leaves EOS with a pro-forma net cash balance of approximately A$235 million. The Abu Dhabi strategic angle is notable — a Middle Eastern defence firm taking a stake in EOS at exactly the moment MARSS is landing €102 million in Middle East orders is not a coincidence.

GNP — GenusPlus raises A$200M via institutional placement to fund transformational MPC Kinetic acquisition

GenusPlus has secured firm commitments for a A$200 million single-tranche placement at A$9.25 per share — just a 5% discount to last close — to partly fund its acquisition of MPC Kinetic Holdings, announced just two days ago. The tight discount on a raise of this size signals strong institutional conviction in the deal’s strategic logic. MPC Kinetic completion is expected by 1 July 2026, with the acquisition expected to nearly double GenusPlus’ pro-forma EBITDA to A$195 million and diversify the company from electrical infrastructure into gas, water and civil construction.

OSL — OncoSil Medical secures TGA approval for its pancreatic cancer device in Australia

OncoSil Medical has received TGA approval for its OncoSil device, making it the first and only TGA-approved Class III medical device that targets tumours directly within the pancreas. Australia sees approximately 4,353 new pancreatic cancer cases each year — one of the most lethal and difficult cancers to treat — so this opens a genuine domestic commercial pathway. The device is already approved in over 30 countries including the EU and UK, and a new manufacturing facility in Sydney’s Macquarie Park is nearing completion. The TGA tick also strengthens OncoSil’s hand in pursuing additional international market approvals.

Mid-Tier Movers

ORN — Orion Minerals drilled an exceptional intercept at its Okiep Copper Project in South Africa — 7.88 metres at 9.24% copper, including 3.33 metres at a staggering 17.12% copper — confirming continuity of a high-grade norite-hosted copper zone that remains open at depth. A follow-up drill hole is already in the ground targeting extensions beyond the current 10 million tonne resource.

INV — InvestSMART agreed to sell its Intelligent Investor subscription and ETF business to Teaminvest Private Group for $16 million cash — a sale price that exceeds InvestSMART’s entire current market capitalisation. Post-sale the company will focus on its wealth platform, digital advice and Professionally Managed Accounts, with a strengthened balance sheet for further strategic acquisitions.

CXO — Core Lithium commenced blasting and excavation at the Grants open pit at its Finniss Lithium Operation in the Northern Territory — a physical restart of mining less than three months after Final Investment Decision approval. The Grants pit holds around 784,000 tonnes of ore expected to yield roughly 134,000 tonnes of SC5 spodumene concentrate, with first shipment targeted for Q4 2026.

GPR — Geopacific Resources completed a DFS for its Woodlark Gold Project in PNG, delivering a post-tax NPV of A$1.3 billion and an IRR of 50.6% with an 18-month payback from first production. The project targets over 100,000 ounces of gold per year at an AISC of A$1,966 per ounce, underpinned by a 1.2 million ounce ore reserve, with the company now seeking financing partners ahead of a Final Investment Decision by late 2026.

GHY — Gold Hydrogen reported air-corrected helium purities of up to 36.9% at its Ramsay Project in South Australia — world-leading figures — with an independent Worley assessment suggesting commercial viability with as few as two wells. With Australia importing 100% of its helium needs and a major global supply disruption removing roughly a third of world supply, the timing couldn’t be better. Flow testing is scheduled for June 2026.

WIA — Wia Gold raised A$92 million via institutional placement at A$0.46 per share to advance its Kokoseb Gold Project DFS in Namibia, which hosts a 2.93 million ounce resource. A scoping study previously pointed to a post-tax NPV of US$646 million and a 38% IRR at US$2,600 per ounce gold, with DFS completion targeted for H2 2026.

Rapid Fire

* FIN — FIN Resources drilled 7.84 metres at 18.2 g/t gold from just 12.66 metres depth at the Arrow Prospect in Canada’s Northwest Territories — two consecutive holes now confirming a broad, shallow, high-grade gold system with results from five further holes pending.

* MMA — Maronan Metals secured a $22 million strategic investment from US private equity firm Kinterra Capital at a premium to its last closing price, with Kinterra taking a 19.99% stake and gaining board representation rights — funds advance an expanded 2026 drilling program and a Preliminary Feasibility Study.

* KRM — Kingsrose Mining called a trading halt pending an announcement about the conclusion of its Finnmark Alliance with BHP. The BHP connection makes this one to watch when details drop on Friday.

* SNG — Siren Gold had its Sams Creek mining permit application rejected by New Zealand regulators, effectively ending the company’s interest in the project. Management says its other projects remain unaffected and an appeal is being considered.

* BHM — Broken Hill Mines recommenced open pit mining at its Pinnacles Silver-Lead-Zinc Mine after a five-year COVID-induced pause, with first ore expected at the Rasp Mill in the June quarter — the second high-grade ore feed into the Rasp plant within 12 months of ASX listing.

* WJL — Webjet Group revealed the reason for yesterday’s trading halt: Virgin Australia is slashing commissions effective 1 July 2026, cutting an estimated $3 million from annualised revenue. Webjet says it will adjust its commercial strategy in response.

* 88E — 88 Energy is targeting 133.7 million barrels of stacked oil resource with its Augusta-1 well on Alaska’s North Slope, with a rig secured, a 58-man Arctic camp contracted, and a Q1 2027 spud date locked in. A farm-out process is underway with multiple parties in the data room.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

EUR — European Lithium agrees to be acquired by NASDAQ-listed Critical Metals Corp at a 137% premium via scheme of arrangement

European Lithium has entered a binding Scheme Implementation Deed with NASDAQ-listed Critical Metals Corp, with EUR shareholders receiving 0.035 CRML shares for each EUR share held — implying A$0.58 per share, a 137% premium to the last unaffected closing price of A$0.245. The all-scrip deal consolidates 100% of the Tanbreez Rare Earths Project in Greenland and the Wolfsberg Lithium Project in Austria under CRML’s umbrella, with EUR shareholders ending up owning approximately 41% of the combined group. For ASX rare earths and lithium investors, this is a significant exit at a meaningful premium — watch trading volumes closely today.

CZN — Corazon acquires high-grade Chalice Gold Project for ~A$25.7M, raising A$16.5M and securing Westgold as 19.9% strategic shareholder

Corazon Mining is acquiring the Chalice Gold Project from Westgold Resources for approximately A$25.7 million — A$8 million cash upfront, A$6.7 million in scrip, and A$11 million in deferred milestones. The project already hosts a 191,000 ounce JORC resource at 2.7 g/t gold on a granted Mining Lease in WA’s Higginsville district, with a 645,000 ounce production history and immediate proximity to Westgold’s processing facility. Westgold is taking a 19.9% strategic stake as part of the deal, and a concurrent A$16.5 million institutional placement at 14 cents funds both the acquisition and a 15,000 metre drill campaign. This is a transformational moment for the small-cap.

4DX — 4DMedical’s CT:VQ™ technology shown to lift lung surgery success rates from 46% to 76% in landmark journal publication

4DMedical’s CT:VQ imaging platform has been validated in a peer-reviewed study published in the world’s leading respiratory journal, showing it lifts lung volume reduction surgery success rates from 46% to 76% — a 30 percentage point improvement in patient outcomes. The findings were presented at the ATS 2026 Congress in Orlando, the world’s largest respiratory medicine conference, giving the results maximum global clinical exposure. Crucially, CT:VQ derives functional lung data from existing non-contrast CT scans with no additional imaging required, making it straightforward to integrate into hospital workflows — a strong commercial tailwind for 4DX.

Mid-Tier Movers

BDX — BCAL Diagnostics embedded its cancer detection referral forms into Best Practice and Medical Director — the two GP software platforms covering approximately 97% of Australian GPs — creating an enormous national distribution pathway essentially overnight. A new multi-cancer early detection test is expected to launch in June 2026, with the pancreatic cancer test alone targeting over A$250 million per annum in Australia.

ASN — Anson Resources completed a Pre-Feasibility Study for its Green River Lithium Project in Utah, confirming first-quartile C1 operating costs of US$3,837 per tonne of lithium carbonate equivalent and a pre-tax NPV of US$1.37 billion. The company already holds a definitive offtake agreement with LG Energy Solution for 40% of annual production, targeting 10,000 tonnes per year from 2029 with a Definitive Feasibility Study now underway.

CUF — CuFe secured a A$15.35 million strategic investment from Pan African Resources’ subsidiary TCMG at a 10% premium to VWAP, giving the multi-billion dollar group a 15% stake in CuFe. Funds target the Gecko and Orlando copper project in Tennant Creek — the largest copper resource in the region — with a joint Technical Committee established to explore synergies with TCMG’s neighbouring Warrego project.

CHW — Chilwa Minerals returned 385 metres of continuous niobium mineralisation from surface at its Nakombe target in Malawi, with pXRF grades of 0.17% Nb2O5 over the full interval and a higher-grade zone of 0.24% over 60.5 metres near surface. Importantly, pXRF historically understates Nb2O5 by about 20%, so confirmed lab assays could come in higher — mineralisation is open in multiple directions with 180 metres of northeast extension already confirmed.

FAL — Falcon Metals confirmed gold mineralisation across more than 600 metres of strike at its Blue Moon Gold Project in Victoria, with a new Jasmine Zone identified and a northern step-out hole potentially doubling the Lotus Zone strike to 600 metres. Three diamond rigs are drilling 24/7 and the company holds A$19.3 million cash — one of the more active Victorian gold stories on the ASX right now.

NTM — NT Minerals scrapped its proposed Endeavour Project acquisition and cancelled tomorrow’s general meeting after a staggering 78% of proxy votes were cast against all resolutions. The deal was derailed by an unresolved rehabilitation liability at the McKinnons Gold Mine in NSW dating back to 2002 — the company’s ASX reinstatement conditions won’t be met and a supplementary prospectus will formally withdraw the capital raise.

Rapid Fire

* PV1 — Provaris Energy partnered with Japanese shipping giant K LINE and Norwegian Hydrogen to develop a compressed hydrogen supply chain from Norway to Northern Europe using its H2Neo carriers — the FjordH2 project already has a take-or-pay term sheet with Uniper targeting up to 40,000 tonnes per annum.

* SRZ — Stellar Resources hit 4.7 metres at 1.29% tin at its Montana deposit — the first drilling there in 14 years — as spot tin prices rally above US$50,000 per tonne near all-time highs, with a full Heemskirk PFS on track for the second half of 2026.

* MTM — Metallium’s US affiliate won a US$1 million Phase II contract from the US Department of War to scale up its Flash Joule Heating technology for recovering gallium and germanium from e-waste — two critical minerals where China dominates global supply.

* NTU — The Australian Treasurer ordered six foreign shareholders to divest approximately 17.6% of Northern Minerals by 2 July 2026 on national security grounds — the fourth government intervention in NTU’s register in three years, as the company targets a Final Investment Decision for Browns Range by 30 September 2026.

* RTR — Rumble Resources signed a toll milling deal with Kirkalocka Gold to process all of Western Queen’s forecast gold output at a 2.1 million tonne per annum plant — eliminating the need to build its own mill and fast-tracking the path to cash flow.

* WJL — Webjet Group is in a trading halt pending a material announcement about changes to a commercial arrangement expected to have a material financial impact. The halt lifts before market open tomorrow.

* VMM — Viridis Mining lodged its Installation Licence for the Colossus Rare Earth Project in Brazil — the second of three environmental licensing steps — with a Final Investment Decision targeted for the second half of 2026.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

CEL — Challenger Gold delivers outstanding PFS for Hualilan with US$1.45bn pre-tax NPV and 1.84Moz AuEq production target

Challenger Gold’s Pre-Feasibility Study for its 100%-owned Hualilan Gold Project in Argentina delivers a pre-tax NPV of US$1.45 billion, post-tax NPV of US$1.10 billion, and a 14.25-year mine life producing 1.84 million ounces of gold equivalent at an AISC of US$1,618 per ounce. What makes this particularly compelling is the capital efficiency — just US$232 million upfront with a 2.25-year payback. At current spot gold prices of US$4,600 per ounce, the pre-tax NPV balloons to US$2.67 billion with an IRR of 83%. The company has backed the result with an A$85 million placement and the appointment of Yamana Gold founder Peter Marrone as Non-Executive Chairman — a signal of serious intent toward development.

GNP — GenusPlus agrees to acquire MPC Kinetic for up to A$400M in transformational deal

GenusPlus has signed a binding agreement to acquire MPC Kinetic — a leading Australian gas gathering, well maintenance and renewable construction services company — for up to A$400 million including earn-out. MPC Kinetic generated FY25 audited revenue of A$533 million and EBITDA of A$104 million, and the deal would nearly double GenusPlus’ pro-forma EBITDA to A$195 million. The acquisition is funded via up to A$200 million in equity and upsized debt, diversifying GenusPlus into gas, water and civil infrastructure alongside its existing electrical capabilities. Notably, this announcement comes on the same day GenusPlus upgraded its FY26 EBITDA guidance by up to 13% to A$96–100 million — a strong combination.

EOS — EOS launches $175M capital raise to fund MARSS acquisition amid A$726M combined order book

Electro Optic Systems is raising up to A$175 million — a fully underwritten A$150 million institutional placement plus a A$25 million SPP, both priced at A$8.00 per share — to fund the MARSS counter-drone acquisition. MARSS has just secured €102 million in new Middle East orders, pushing its order book to €135 million and the combined EOS group order book to A$726 million, with 60 to 80% expected to convert to revenue across 2026 and 2027. For investors in the defence technology theme, this is one of the most significant ASX stories of the year.

Mid-Tier Movers

OBM — Ora Banda Mining approved a A$465 million growth plan — a new 3.0 Mtpa processing plant at Davyhurst for A$375 million and a A$90 million Waihi Underground mine — targeting nearly double nameplate milling capacity to 4.2 Mtpa by FY29. The company backed this with a 69% jump in total Mineral Resources to 3.57 million ounces and a strong balance sheet of A$232 million cash plus a new A$200 million revolving credit facility.

NTU — The Australian Treasurer issued forced disposal orders under the Foreign Acquisitions and Takeovers Act requiring divestment of approximately 1.68 billion Northern Minerals shares held by six named foreign-linked entities. Combined with earlier interim directions covering a further 361 million shares, over 2 billion NTU shares are now subject to government action — a highly unusual and significant regulatory intervention.

TUA — Singapore’s IMDA suspended its regulatory review of Tuas Limited’s proposed acquisition of M1 after subsidiary Simba allegedly used unauthorised radio frequency bands, potentially breaching the Telecommunications Act. With the deal’s long-stop date just days away on 21 May, this suspension creates serious uncertainty about whether the transaction can proceed at all.

AGR — Aguia Resources received its Operating Licence for the Tres Estradas phosphate project in Brazil, with mining commencing immediately on 18 May. First processed material arrives at the plant in early June, marking Aguia’s formal transition from developer to producer at a time of elevated pricing and supply disruptions in the domestic Brazilian market.

PME — Pro Medicus signed a A$90 million, 7-year contract with Boston-based Beth Israel Lahey Health — a 14-hospital system covering over 39,000 employees — for the full Visage 7 platform deployed in the cloud on a transaction-based licensing model. Go-live is targeted for Q1 2027, adding meaningful recurring revenue to PME’s already strong US contract book.

SDI — SDI Limited’s scheme booklet was registered by ASIC for a A$1.40 per share cash takeover by InnoXvest Dental, a subsidiary of Beijing Guoci linked to Shenzhen-listed Sinocera. The independent expert has declared the scheme fair and reasonable, the board unanimously recommends voting in favour, and the scheme meeting is set for 22 June with delisting expected 7 July.

Rapid Fire

* AA2 — Ariana Resources sold a 13.6% stake in Turkish gold miner Zenit for US$19.5 million, with proceeds funding a feasibility study at its 1.1 million ounce Dokwe Gold Project in Zimbabwe — leaving the company with A$53 million cash and no debt.

* ASK — Abacus Storage King is internalising its management for A$24 million, expecting around 6% FFO per security accretion from approximately A$7 million in annual cost savings, and will rebrand as Storage King Group trading under the new ticker SKG from 30 June.

* ALC — Alcidion is acquiring three Kyra patient flow software products from Telstra Health for A$3 million upfront plus up to A$1 million in earn-outs, adding 33 customers and A$3.7 million in forecast FY26 revenue at a compelling 2.7x EBITDA multiple.

* SSM — Service Stream won A$455 million in new utility contracts including a 9-year, A$405 million deal with Yarra Valley Water commencing October 2026 — long-term annuity-style revenue across water and energy sectors.

* DWG — Dataworks Group launched BetGuard — Ontario’s centralised self-exclusion platform — marking its entry into a second regulated international jurisdiction and connecting it to over 230 wagering operators globally.

* EXR — Elixir Energy confirmed Diona-1 as a commercial gas discovery in the Taroom Trough with zero CO2 and H2S impurities, a Contingent Resource booking now being pursued, and net acreage growing to 548,000 net acres — the largest position in the play.

* RR1 — Reach Resources secured a fully-funded path to gold production at its 80,000 ounce Murchison South project via a 50/50 profit-share deal with Andel Resources, who will pay a non-refundable A$2 million option fee and fund all mining and processing costs.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

PEB — Pacific Edge wins proposed Medicare coverage for Cxbladder Triage and Triage Plus — the only urine biomarker tests included

Pacific Edge has received the news its shareholders have been waiting for. Medicare contractor Novitas has published a draft Local Coverage Determination proposing to cover urine-based biomarker testing for microhematuria evaluation for the first time — and Cxbladder Triage and Triage Plus are the only tests explicitly named as reimbursable. That covers 66 million Medicare lives in the US and creates a competitive moat rivals cannot easily breach. The higher-priced Triage Plus at US$1,328 per test represents a 75% price improvement over legacy products, fundamentally shifting the company’s path to profitability. A minimum 45-day public comment period begins now, with a final LCD expected within 12 months — but the direction of travel here is unambiguous.

EOS — EOS completes US$36M upfront payment for MARSS acquisition, boosting combined order book to A$726M

Electro Optic Systems has completed its acquisition of counter-drone technology firm MARSS, drawing A$70 million from its WHSP term loan facility to make the US$36 million upfront payment. MARSS has landed €102 million in new orders from a Middle Eastern customer in May alone — including a £85 million country-wide drone detection contract expected to be around 70% delivered in 2026-2027 — pushing the combined EOS group order book to A$726 million. The earnout cap has been raised to €140 million, contingent on MARSS hitting €700 million in new orders — suggesting both parties expect significant momentum in the global defence drone market.

ALK — Alkane Resources delivers record Q3 FY2026 net profit of $93 million on surging gold and antimony prices

Alkane Resources has posted its best quarter ever — $274 million in revenue, $161 million EBITDA, and a record net profit of $93 million or 6.81 cents per share for the March quarter. Record gold production of 44,669 ounces and 377 tonnes of antimony drove the result, with the Mandalay Resources merger in August 2025 adding the Costerfield and Björkdal mines to the portfolio. The company is sitting on $374 million in cash, bullion and listed investments and remains on track for full-year guidance — a powerful demonstration of what surging gold and antimony prices can do to a well-run multi-mine operator.

Mid-Tier Movers

AAR — Astral Resources’ first diamond drill hole at its Theia deposit in WA returned an exceptional 358 metres at 1.03 g/t gold, extending mineralisation 210 vertical metres below the current 1.4 million ounce resource. Key high-grade zones include 127 metres at 1.20 g/t and 81 metres at 1.35 g/t, largely outside the existing resource envelope — flagging strong growth potential ahead as a nine-hole diamond program continues.

STN — Saturn Metals executed a Native Title Project Agreement with the Nyalpa Pirniku traditional owners, clearing a critical permitting hurdle for its Apollo Hill Gold Project in Western Australia. The deal directly supports grant of the Apollo Hill Mining Lease and includes milestone payments, gold royalties, cultural heritage protections and employment opportunities — paving the path to production.

VCX — Vicinity Centres exchanged contracts to acquire Eastern Creek Quarter in Western Sydney from Frasers Property for $400 million — a hybrid outlet, shopping centre and large format retail asset of approximately 41,000 square metres. Settlement is expected 30 June 2026, funded through existing debt facilities with gearing increasing by approximately 200 basis points.

ARN — Aldoro Resources drilled the longest single mineralised intercept ever recorded at Kameelburg in Namibia — 503.98 metres of continuous REE, strontium and niobium mineralisation from surface, averaging 1.30% TREO. The deepest internal layer delivered the best combined grades in the hole at 2.39% TREO and 6.3% strontium carbonate, and it remains open at depth. An updated resource estimate is due in June.

GTI — Gratifii is acquiring loyalty platform Simplicity Australasia for $3.4 million — $4.6 million in FY25 revenue and blue-chip clients including a QSR franchise, Dulux and Schneider Electric — while simultaneously investing $5 million in convertible notes into marketplace platform Marketplacer and raising $10 million via placement to fund it all. All four directors are participating in the raise.

XRG — xReality Group’s subsidiary Operator XR completed a 20-month, AU$5.6 million US Department of Defense subcontract on time and on budget, with the prototype formally accepted. The commercialised MR-1 mixed reality training system has already secured its first sale to a separate US DoD customer — proof the technology has legs well beyond the original contract.

Rapid Fire

* TRE — Toubani Resources locked in a binding US$73.3 million debt commitment from Coris Bank to fund construction of its Kobada Gold Mine in Mali, alongside a US$10.2 million mezzanine facility and gold stream arrangement — the funding package is taking shape against a $124 million cash backdrop.

* CVW — ClearView Wealth received ACCC clearance for its acquisition by Zurich Financial Services Australia, sailing through Phase 1 of the new mandatory merger regime with APRA, shareholder and court approvals still to follow.

* ASM — The Federal Court approved scheme meetings for Energy Fuels’ acquisition of Australian Strategic Materials, with shareholders voting on 22 June and implementation targeted for 7 July 2026.

* CNQ — Clean TeQ Water won a Design and Construct contract to build a proprietary ATA tailings dewatering plant at the Rasp Mine in Broken Hill, with a long-term polymer supply agreement also in negotiation.

* VMM — Viridis Mining completed infill drilling at its Colossus Rare Earth Project in Brazil with assays beating the block model — standout hit of 16 metres at 7,434 ppm TREO — as it targets a Final Investment Decision in Q3 2026.

* EXL — Elixinol’s The Healthy Chef brand is rolling out into approximately 410 Priceline stores nationally from July 2026, with a Stage Two expansion possible in early 2027 subject to performance.

* CDT — Castle Minerals called a trading halt ahead of a proposed acquisition announcement. The halt runs until Tuesday 19 May.

* NME — Nex Metals shareholders approved the sale of its Arika Joint Venture interest at today’s EGM with 99.17% of votes in favour — the trading halt is expected to lift shortly.

* NVU — Nanoveu is acquiring Singapore drone firm Spinoff Robotics to build a full-stack drone autonomy platform from AI chip to airframe, targeting defence and surveillance markets with validated Tier-1 Singapore customers already on board.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

MP1 — Megaport secures $254M in AI infrastructure contracts via Latitude.sh across two US tech customers

Megaport’s subsidiary Latitude.sh has landed AUD$254 million in total contract value from two US-based AI companies, covering GPU, CPU, network and storage infrastructure — a transformational win for the company. The contracts generate AUD$90.6 million in annual recurring revenue and require AUD$140.3 million in capex, primarily NVIDIA hardware, with roughly a two-year payback period funded via existing cash and a newly upsized AUD$150 million debt facility. Full ARR run-rate is expected by end of H1 FY27 and FY26 guidance is unchanged — but this deal fundamentally re-rates Megaport’s growth outlook at exactly the right moment in the AI infrastructure boom.

SPG — SPC Global launches heavily discounted $100M equity raise to slash debt and reset balance sheet

SPC Global — the company behind iconic Australian brands including SPC canned goods — is raising approximately $100 million through a placement and pro rata renounceable entitlement offer, both priced at just $0.10 per share. That is a brutal 71% discount to the last traded price of $0.345. The raise is primarily a balance sheet rescue, designed to cut net leverage from 3.9 times down to approximately 1.1 times and reduce annual interest expense from $15 million to roughly $4.5 to $5 million. Existing retail shareholders face significant dilution — this is not a growth raise and investors should understand the scale of what is happening to their holdings.

FLG — Flagship Minerals defines transformational 2.1 million ounce gold resource at Isidora Norte in Chile

Flagship Minerals has delivered a JORC-compliant Mineral Resource Estimate of 2.1 million ounces of gold at its Isidora Norte deposit in northern Chile — 115.2 million tonnes at 0.56 g/t, with over 91% in the higher-confidence Measured and Indicated categories. Critically, 40% of the resource is oxide or mixed material amenable to lower-cost heap leach processing. The resource was estimated using a gold price of approximately US$3,646 per ounce — roughly 30% below current spot — meaning the economics only get better at today’s prices, and the deposit remains open in multiple directions with further drilling planned.

Mid-Tier Movers

PEN — Peninsula Energy secured a US$56 million funding package — A$21.8 million institutional placement, A$14.2 million entitlement offer, and a US$30 million convertible note from major shareholder Washington H. Soul Pattinson — to fast-track expansion of its Lance Uranium Project in Wyoming. Funds develop Mine Units 5 and 6 and repay existing debt, with production guidance for CY2026 and CY2027 unchanged. Soul Patts’ firm participation alongside a full underwrite signals strong strategic confidence.

CNB — Carnaby Resources made a significant new copper-gold discovery at its Trek 1 Footwall Lode in Queensland’s Greater Duchess Project — 19 metres at 7.1% copper equivalent including 4.4% copper and 3.1 g/t gold from 256 metres depth. The lode sits entirely outside the existing Mineral Resource and is open down plunge and along strike, representing pure upside with an updated resource, open pit optimisations, and a Feasibility Study all targeted for H2 2026.

ASX — ASX Limited named Anthony Attia as its new Managing Director and CEO starting 1 September 2026, bringing nearly 30 years of experience at Euronext, ICE and NYSE Euronext — one of the most internationally credentialled exchange executives the ASX has ever appointed. Current CEO Helen Lofthouse departs 29 May, with Darren Yip stepping in as Interim CEO until Attia arrives.

KCN — Kingsgate Consolidated paid US$21.6 million to eliminate royalties and secure critical water rights at its Nueva Esperanza Silver-Gold Project in Chile, removing a US$2 million per year pre-production royalty burden and two NSR royalties of 5% and 3% over key tenements. Funded entirely from existing cash reserves of around A$139 million — a smart balance sheet move that materially improves project economics ahead of a potential construction decision.

ASL — Andean Silver discovered bonanza-grade silver-gold veins well outside its existing 111 million ounce resource at Cerro Bayo in Chile, with rock chip samples returning over 31,750 g/t silver equivalent. The new mineralisation sits within 200 metres of the existing Laguna Verde processing plant, meaning resource conversion could flow quickly into mine plans. A Mineral Resource update is due in June 2026 with economic studies already underway.

AUE — Aurum Resources grew its Boundiali Gold Project resource by 6% to 3.22 million ounces, with the Indicated category surging 24% to 1.70 million ounces following intensive infill drilling — total group resources across Boundiali and Napié in Côte d’Ivoire now stand at 4.38 million ounces. A Pre-Feasibility Study is due this quarter and the company holds a strong $61 million cash position.

Rapid Fire

* WA1 — WA1 Resources upgraded its Luni Niobium Project Indicated Resource by 20 million tonnes to 93 million tonnes at 1.32% niobium pentoxide, with 57% of contained niobium now in the higher-confidence Indicated category — an Ore Reserve declaration is the next major milestone.

* MM8 — Medallion Metals confirmed high-grade gold-copper continuity at Kundip in WA with intercepts including 5.3 metres at 33.3 g/t gold, bolstering confidence in the mine plan ahead of underground development commencing in August 2026.

* EMN — Euro Manganese’s Czech Chvaletice project returned a post-tax NPV of US$492 million, a 13.8% IRR, and a 48% operating margin from a Preliminary Economic Assessment targeting 150,000 tonnes per annum of high-purity manganese sulphate for battery supply chains.

* AQI — Alicanto Minerals is divesting its Swedish assets for up to A$21 million while doubling its Mt Henry Gold Project footprint in WA to 150 square kilometres, and plans to rebrand as Sinclair Gold with a 50,000 metre drill program already underway.

* OD6 — OD6 Metals validated historic drilling at its Horseshoe Fluorspar Deposit in Nevada, confirming exceptional grades up to 93.7% calcium fluoride from shallow intercepts — the system is open in all directions at a time when domestic US fluorspar supply is a strategic priority.

* HYD — Hydrix won a $1 million to $1.2 million contract with defence group NIOA to develop a telemetry-capable kinetic counter-drone payload for the Australian Defence Force, with a demonstration milestone due in December 2026.

* SM1 — Synlait Milk CEO Richard Wyeth resigned, with board director Leon Fung stepping in as Acting CEO from today as the company continues to navigate operational, quality, and financial challenges.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

ELV — Elevra Lithium raises A$275 million via fully underwritten institutional placement at A$12.20 per share

Elevra Lithium has successfully completed the institutional placement component of its A$441 million financing package, raising A$275 million at A$12.20 per share with strong support from both existing and new domestic and global institutional investors. Approximately 22.5 million new shares were issued, representing 13.3% of existing shares, with settlement on 15 May and trading commencing 18 May. A Share Purchase Plan will follow targeting up to A$20 million at the lower of the 5-day VWAP or A$12.20 — eligible shareholders should watch the SPP closely for a potential entry point. Combined with the Canada Growth Fund convertible notes, the package fully funds the NAL Brownfield Expansion and advances Moblan toward a Final Investment Decision.

DVP — Develop Global wins A$274M underground mining contract with Core Lithium for Finniss Lithium Project

Develop Global has been awarded a A$274 million contract to conduct all underground development and production mining at Core Lithium’s Finniss Lithium Project in the Northern Territory — a minimum three-year deal with a two-year extension option expected to generate steady-state annual revenue of A$120 million. Mobilisation begins June 2026 with underground mining commencing July 2026 at the BP33 deposit, which has more than 10 years of mine life. The contract arrives as Develop simultaneously exits Bellevue Gold, freeing approximately $50 million in capital equipment to redeploy — including toward its own Sulphur Springs copper-zinc project targeting a Final Investment Decision this quarter.

PRN — Perenti’s Barminco secures $850M underground mining contract at Bellevue Gold Project

Perenti’s underground mining arm Barminco has been awarded an approximately A$850 million contract by Bellevue Gold to provide underground mining services at its Western Australian project — a 48-month contract commencing 1 August 2026 with a 12-month extension option. The deal significantly bolsters Barminco’s Australian portfolio, though investors should note it will require approximately A$75 million in growth capital investment in FY27. Notably, this contract begins almost exactly as Develop Global exits the same project — a clean handover at one of WA’s most prominent new gold mines.

Mid-Tier Movers

ARU — Arafura Rare Earths signed a binding offtake term sheet with Traxys North America for 500 tonnes per annum of NdPr oxide over five years, targeting the US critical minerals supply chain including the potential US EXIM-managed Project Vault. This is separate from an earlier Traxys Europe deal and adds real commercial momentum to the Nolans Project, with a long-form agreement expected within six months subject to a Final Investment Decision.

ASN — Anson Resources and South Korean industrial giant POSCO Holdings received board approval for a definitive agreement to build and operate a Direct Lithium Extraction demonstration plant at Anson’s Green River Lithium Project in Utah — POSCO funding all construction and operating costs and paying Anson a facilitation fee of approximately AUD $7.2 million. A meaningful validation from one of the world’s largest industrial conglomerates, with the plant expected to begin operations in 2027.

RSG — Resolute Mining’s scoping study for its ABC Project in Côte d’Ivoire delivered a post-tax NPV of US$1.2 billion and a 39% IRR at a US$3,500 gold price — a 12-year open pit mine averaging 141,000 ounces per year with US$648 million in capital costs and a 1.4-year payback. At current gold prices well above the base case, the economics are compelling, with a Definitive Feasibility Study targeted by end-2027.

CYL — Catalyst Metals expanded its Cinnamon underground gold zone by 75% to over 700 metres of strike on the Plutonic Gold Belt, with headline intercepts of 38 metres at 10.5 g/t gold and 17 metres at 21.5 g/t. Cinnamon now has the potential to become a sixth underground ore source feeding Catalyst’s 2 million tonne per annum processing plant, further building its path to 200,000 ounces per year production — all self-funded from A$277 million in cash with no debt.

ALX — Atlas Arteria’s Independent Directors formally urged shareholders to reject IFM’s hostile takeover bid at the 2026 AGM, highlighting 9.3% proportional EBITDA growth in 2025 and reaffirming 2026 distribution guidance of 40 cents per security. This is shaping up as a drawn-out battle — IFM’s offer puts a floor under the security price while the board argues the company is worth considerably more.

LIS — Li-S Energy secured approvals from Australia’s CASA and the US FAA and PHMSA to airfreight its prototype lithium-sulfur battery cells to American defence customers — a regulatory milestone 18 months in the making. This clears the path for supply agreements with US defence primes and drone manufacturers, with UN38.3 certification now underway to enable larger commercial shipments.

Rapid Fire

* BKB — Black Bear Minerals more than doubled its Independence Project gold resource in Nevada to 2.2 million ounces AuEq — including a high-grade 1.0Moz skarn at 6.29 g/t — achieved at a low cost of just AU$4.71 per ounce after 12 months of drilling.

* ARD — Argent Minerals drilled 91.2 metres at 39.5 g/t silver entirely outside its existing Kempfield resource boundary in NSW — a clear signal the 65.8 million ounce silver system is larger than currently defined.

* SHN — Sunshine Metals hit 22 metres at 20.25 g/t gold at its Liontown deposit in Queensland, with an updated resource due next quarter feeding into a revised mining study commencing June 2026.

* SLB — Stelar Metals entered an earn-in agreement for the Hill of Leaders Tungsten Project in the NT — 445 square kilometres in Tennant Creek with rock chip samples up to 6.1% WO3 and no bedrock drilling ever completed. Tungsten prices have reportedly surged around 900% in the past 12 months due to Chinese export controls.

* FCT — FirstWave Cloud Technology halted trading ahead of a material contract award announcement. The halt runs until Friday 15 May.

* TTT — Titomic signed a Scheme Implementation Deed to redomicile from Australia to the US via a new Delaware corporation, with shareholders retaining equivalent economic interests via CDIs and a shareholder vote targeted for late July 2026. Key rationale includes ITAR compliance for US defence contracts and access to US capital markets.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

Elevra Lithium has announced a transformational financing package of up to A$441 million — one of the largest ASX lithium capital raises in recent memory. The package comprises a fully underwritten A$275 million institutional placement at A$12.20 per share, A$146 million in convertible notes from the Canada Growth Fund, and a non-underwritten Share Purchase Plan targeting up to A$20 million. Proceeds will fully fund the three-stage NAL Brownfield Expansion to 338,000 tonnes of spodumene concentrate per year by mid-2029, with key pre-development work at Moblan also funded through to Final Investment Decision. The Canada Growth Fund’s participation provides strong government-backed validation of Elevra’s North American critical minerals strategy, arriving alongside an updated scoping study showing a 102% increase in incremental NPV to C$969 million and a total NAL project NPV of C$3.1 billion at a 41.8% IRR.

FMG — Fortescue hit with $150M cultural loss ruling in Yindjibarndi native title compensation case

The Federal Court has ordered Fortescue to pay A$150 million for cultural loss plus approximately A$100,000 plus interest for economic loss to the Yindjibarndi Ngurra Aboriginal Corporation, following a Native Title Compensation Claim lodged in 2022. The A$150 million cultural loss component in particular sets a significant legal precedent for how courts value intangible Indigenous heritage impacts from major mining operations — this is a landmark ruling for the Australian resources sector that will be closely watched by every major miner operating on or near native title land. Fortescue has said it will review the court’s full reasoning once published.

BXN — Bioxyne lands $50M two-year medicinal cannabis supply deal with German distributor ADREXpharma

Bioxyne has signed a $50 million, two-year supply agreement with German pharmaceutical company ADREXpharma GmbH to supply its Dr Watson branded medicinal cannabis products into Germany — Europe’s largest medicinal cannabis market estimated at over 200 tonnes per annum. The deal includes a $25 million minimum purchase commitment in the first 12 months alone and grants ADREXpharma exclusive German distribution rights, building on an initial supply deal struck in June 2025. For a small ASX biotech, $25 million guaranteed in year one is the kind of commercial anchor that transforms a speculative story into a revenue story.

Mid-Tier Movers

GA8 — GoldArc Resources returned bonanza-grade gold from first-pass RC drilling at its Cosmopolitan Prospect in Western Australia — 23 metres at 11.31 g/t gold — and uncovered a previously unrecognised Upper Zone sitting 30 to 40 metres above the known Main Zone. The historic Cosmopolitan mine produced around 360,000 ounces at 15 g/t, and these results confirm significant mineralisation remains outside the old mined envelope, with wide 60 to 80 metre drill spacings suggesting much more to come.

TMS — Tennant Minerals confirmed extraordinary re-assay results at its Bluebird discovery in the Northern Territory — 18 metres grading up to 47.2 g/t gold, 12% bismuth and 9.3% copper — validating the original intercept and demonstrating repeatability. The zone extends below and west of the existing open-pit resource which remains open down-plunge, and the company has raised $2.8 million to fund an expanded drill program targeting this genuinely rare multi-metal system.

LRV — Larvotto Resources reached a major construction milestone at its Hillgrove antimony-gold project in NSW, with first development ore successfully mined underground and delivered to surface stockpiles. Underground contractor PYBAR has advanced 170 metres and rehabilitated 1.9 kilometres of drives, with process plant commissioning on track for August 2026 — targeting average annual production of around 85,700 gold-equivalent ounces over eight years.

AII — Almonty Industries posted a 221% revenue surge to US$25.4 million in Q1 2026, swinging to positive adjusted EBITDA of $6.1 million as record tungsten prices and its landmark Sangdong Mine commissioning in South Korea transform the company’s financial profile. With $259.9 million in cash and Sangdong now the Western world’s most significant new tungsten mine, Almonty is positioning itself as a critical defence supply chain player.

WR1 — The Supreme Court of Western Australia approved both schemes for Li-FT Power’s acquisition of Winsome Resources, with the schemes now legally effective after court orders were lodged with ASIC. Winsome shares are suspended from today’s close, implementation is 21 May, and delisting follows on 22 May — marking the end of Winsome’s ASX chapter in a closely watched lithium sector consolidation.

GT3 — Green360 Technologies signed a non-binding MOU with Holcim Australia — subsidiary of global building materials giant Holcim Group with CHF 15.7 billion in annual revenues — to supply up to 4,800 tonnes of its Eco-Clay metakaolin low-carbon cement product over 12 months. This is Green360’s first named commercial customer, with a binding supply agreement targeted within 90 days.

Rapid Fire

* DM1 — Desert Metals extended its Tiogo gold corridor in Côte d’Ivoire to 1.5 kilometres of continuous strike, with a standout aircore hit of 4 metres at 19.48 g/t gold — RC and diamond drilling to follow to test fresh bedrock below, located 30 kilometres along strike from Perseus Mining’s Sissingué mine.

* KNB — Koonenberry Gold extended Sunnyside gold mineralisation to 415 metres vertical depth with high-grade hits including 4.6 metres at 8.82 g/t gold, confirmed across five drill sections and remaining open in multiple directions.

* TCG — Turaco Gold drilled 28 metres at 2.17 g/t and 20 metres at 2.28 g/t outside its existing 4.65 million ounce resource at Afema in Côte d’Ivoire, with two new exploration targets identified and a Pre-Feasibility Study due next month.

* EVG — Evion Group secured an option over the historic CARP Fluorspar Project in Nevada and raised A$6.635 million, positioning itself as the only ASX-listed company with exposure to both graphite and fluorspar — two critical minerals where the US is 100% import-dependent.

* OD6 — OD6 Metals rediscovered the Big Jim Fluorspar Lode in Nevada with visual grades of up to 98.6% CaF2, confirming a third major fluorspar system at its Quinn project alongside existing Mammoth and Horseshoe discoveries.

* ETM — Energy Transition Minerals signed an MOU with global commodity trader Traxys — over US$10 billion in annual revenues — for up to 100% offtake of tin, tantalum and niobium from its Penouta mine in Spain, the EU’s only domestic source of all three critical minerals.

* BWN — Bhagwan Marine cut its standalone FY26 EBITDA guidance to $38.5–$40.5 million due to Middle East geopolitical delays in project awards, though consolidated guidance including newly acquired Riverside Marine comes in at $44.5–$46.5 million.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

OML — oOh!media receives competing $1.45/share takeover bid from I Squared Capital, topping earlier $1.40 PEP offer

oOh!media is now the subject of a bidding war. I Squared Capital has lobbed an unsolicited non-binding indicative offer of A$1.45 per share via scheme of arrangement, topping Pacific Equity Partners’ earlier $1.40 bid from just two weeks ago. The board has unanimously rejected both proposals as inadequate but is granting limited due diligence access to both parties to encourage higher revised bids — and is also engaging with additional third parties who may submit competing proposals. The on-market buyback has been paused. With two suitors already at the table and the board actively shopping the asset, this one has considerably further to run.

ARN — Aldoro Resources confirms world’s largest strontium resource as Kameelburg MRE surges to 597Mt

Aldoro Resources has declared what it is calling the world’s largest strontium resource — 596 million tonnes at 2.17% strontium at its Kameelburg project in Namibia, sitting entirely outside China and Iran-dominated supply chains. The overall resource has simultaneously grown 15% to 597 million tonnes at 2.49% TREO equivalent — and this is after drilling just five Phase 2 holes. Four distinct revenue streams are on the table: rare earth oxides, niobium, strontium carbonate, and a potential iron by-product, with metallurgical testwork showing 98.96% strontium extraction at ambient temperature using a simple acid leach. Exceptional numbers across the board.

DTR — Dateline Resources delivers BFS for Colosseum Gold Project with US$785M NPV and 49.5% IRR

Dateline Resources has completed a Bankable Feasibility Study for its 100%-owned Colosseum Gold Project in California, returning a pre-tax NPV of US$785 million and an IRR of 49.5% at a base gold price of US$4,200 per ounce — rising to US$999 million NPV at current spot. The project would produce 573,000 ounces over a 10.4-year mine life, averaging 75,000 ounces per year in the first six years, with startup capital of US$249 million plus a US$25 million contingency. The company is now advancing front-end engineering and engaging project financiers — at current gold prices well above the base case, the economics here are very compelling.

Mid-Tier Movers

GG8 — Gorilla Gold made its fourth new gold discovery in three weeks at Comet Vale in Western Australia — Diddy Kong returned 8 metres at 3.2 g/t gold from just 14 metres depth, sitting beneath a 1 kilometre soil anomaly open in all directions. An RC rig is mobilising in May to follow up all three shallow discoveries simultaneously across the company’s six-rig operation.

ELV — Elevra Lithium agreed to sell its entire stake in Ghana’s Ewoyaa Lithium Project to China’s Zhejiang Huayou Cobalt for approximately US$71 million cash — a clean exit at a meaningful valuation in a tough lithium market, with proceeds redirected to the company’s core North American assets. The deal is not contingent on Huayou’s separate bid for Atlantic Lithium.

STX — Strike Energy hit the reset button on leadership. CEO Peter Stokes is out immediately after 11 months in the role, Fortescue’s former COO Shelley Robertson comes in on 1 June, and Nev Power replaces John Poynton AO as Chair from 30 June. The changes follow an independent board review and signal a clear strategic pivot from developer to integrated energy business in Western Australia.

EMV — EMVision is expanding its pivotal brain scanner trial to include ischaemia detection, which covers around 80% of all stroke presentations — previously the trial only covered haemorrhage. The expansion could save up to two years and multi-millions in costs versus running a separate trial, with full enrolment targeted from late 2026 into early 2027 across nine US and Australian hospital sites.

PEB — Pacific Edge is raising NZ$24 million to fund operations while fighting to get US Medicare coverage reinstated for its Cxbladder bladder cancer diagnostic tests. Revenue collapsed from NZ$21.8 million to NZ$11.5 million after losing that coverage in 2025. The key catalyst to watch is before September 2026, when Medicare contractor Novitas is expected to release a draft Local Coverage Determination that could restore reimbursement.

AIS — Aeris Resources more than doubled the known strike length at its Avoca Tank copper deposit at Tritton in NSW — from under 80 metres to over 160 metres — and confirmed a new trend connecting to the central mining corridor. Mineral resource updates for both Avoca Tank and Budgerygar are expected in Q4 FY26, potentially upgrading Inferred material to Indicated.

Rapid Fire

* PNR — Pantoro Gold discovered a significant high-grade gold zone at the Racetrack Target just 600 metres from its OK Underground Mine, with intercepts up to 82.99 g/t gold over 2 metres, confirmed over 400 metres of strike and open to the east and at depth.

* IXR — Ionic Rare Earths’ subsidiary demonstrated a world-first circular rare earth supply chain for Ford electric vehicle motors in the UK, with recycled magnets passing Ford’s durability tests at equivalent performance to virgin-mined materials — validated under UK Government funding.

* AGR — Aguia Resources says its Brazilian phosphate plant is construction-ready by 15 May with an Operating Licence expected within three weeks, with its product priced 30–40% below imported alternatives due to local port supply disruptions.

* SLS — Solstice Minerals extended its Nanadie copper-gold system 500 metres below the existing resource boundary in Western Australia, with visible chalcopyrite to at least 800 metres depth. Assay results are due in four to six weeks.

* NHE — Noble Helium secured a rig for its Tanzania helium drilling campaign, with two shallow wells targeting depths of 430 and 1,500 metres set to spud in early July 2026 at significantly lower cost than its previous campaign.

* STM — Sunstone Metals was forced by the ASX to retract all production targets from its Bramaderos Gold-Copper Scoping Study due to excessive reliance on Inferred resources. Investors should not rely on the earlier figures.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

ALX — Atlas Arteria board unanimously rejects IFM’s hostile $4.75 takeover offer as too low and opportunistic

The Independent Directors of Atlas Arteria have unanimously recommended security holders reject IFM’s unsolicited off-market takeover offer of A$4.75 per stapled security, calling it materially undervalued and opportunistic. The offer is actually below Atlas Arteria’s last closing price of A$4.79 — and IFM itself purchased securities at A$5.10 as recently as November 2025, which rather undermines the credibility of the current bid. Atlas Arteria has also filed an application with the Takeovers Panel challenging the offer’s two-tiered pricing structure, seeking to block despatch of the bidder’s statement in its current form. The company reaffirmed 2026 distribution guidance of 40.0 cents per security. This fight is far from over.

CRS — Caprice Resources hits bonanza 22m @ 66.2 g/t gold in new parallel lode at Island Gold Project

Caprice Resources has delivered its best ever drill result at the Island Gold Project in Western Australia — 22 metres at 66.2 g/t gold, including 8 metres at 181 g/t gold from just 42 metres depth. Critically, this intercept defines a brand new high-grade lode sitting approximately 120 metres parallel to the primary Vadrians lode, confirming Island Gold is a multi-lode system with significantly more resource potential than previously understood. The company is fast-tracking follow-up drilling as part of a 50,000-metre programme targeting a maiden Mineral Resource Estimate, with assays pending from adjacent holes drilled directly beneath this intercept.

DGT — DigiCo sells Chicago data centre for US$750M, slashing debt and boosting financial flexibility

DigiCo Infrastructure REIT has entered a binding agreement to sell its Chicago data centre for US$750 million — a 5% premium to purchase price — with proceeds dramatically reshaping the balance sheet: net debt slashed from $1.5 billion to approximately $500 million and gearing dropping from 36% to 17%. The freed-up capital will accelerate the strategically important SYD1 88MW development project in Sydney, and the US asset sales are expected to be materially FFO accretive from FY27. DigiCo is also flagging enhanced distributions above FFO in the short term — a genuine positive for REIT income investors.

Mid-Tier Movers

AR1 — Austral Resources’ very first drill hole at the Snow Queen prospect in Queensland returned a standout 10 metres at 7.52% copper from just 35 metres depth, including 4 metres at 15.98% copper. The result supports Austral’s hub-and-spoke strategy of feeding its existing Rocklands processing facility with satellite copper sources, and a follow-up hole is already completed with results due in two to four weeks.

BWP — BWP Trust launched a fully underwritten 1-for-12 entitlement offer at $3.77 per security — a 4.3% discount to last close — to raise approximately $228 million, funding a $163 million pipeline of large format retail developments. FY26 distribution guidance of 19.41 cents per security has been reaffirmed, and major shareholder Wesfarmers has committed to take up its full $53 million entitlement. Notably, this is BWP’s first equity raising in 13 years.

EMR — Emerald Resources cleared the final regulatory hurdle for its Dingo Range Gold Project in Western Australia, receiving Works Approval from the state government and committing approximately A$30 million to purchase two Metso SAG Mills and crushing equipment. This puts Emerald firmly on the path toward becoming a multi-continent gold producer targeting 300,000 to 400,000 ounces per year across WA and Cambodia.

CUF — CuFe’s scoping study for its Orlando copper-gold project in Tennant Creek delivered an NPV of A$705 million against pre-production capex of just A$141 million — an IRR of 111% and a 10-month payback. Gold drives 66% of revenue, bismuth and silver add further streams, and the company is exploring a fast-start toll-treatment option to generate early cash flow while pursuing offtake and strategic investor discussions.

SVY — Stavely Minerals confirmed a roughly 2-kilometre by 750-metre hydrothermal breccia system at Freddy’s Find in western Victoria, with multiple gold-silver intercepts including 16 metres at 1.09 g/t gold equivalent. The mineralisation style suggests a fertile porphyry-epithermal system, and a deep 300-metre diamond drill hole is planned for late May to test depth potential.

CPN — Caspin Resources extended its Kelpie tin deposit in NSW by more than 75 metres beyond the current resource, with hole BRC033 hitting 21 metres at 0.78% tin including 5 metres at 1.54% tin. The Stewart Fault Zone mineralised strike has more than doubled, a further 3,000 metres has been added to the drill program, and 15 holes are still awaiting assays.

Rapid Fire

* ALX — In a related development to the Atlas Arteria takeover battle, the company applied to the Takeovers Panel challenging IFM’s two-tiered pricing structure — $4.75 rising to $5.10 if IFM hits 45% — as legally flawed and inadequately disclosed, seeking to block despatch of the bidder’s statement.

* AVR — Anteris Technologies enrolled its first US patients in the pivotal PARADIGM trial for its DurAVR transcatheter heart valve at Montefiore Medical Center in New York, a significant step that expands recruitment capability following CMS approval.

* DUR — Duratec won a $68 million sub-contract to construct a Blast and Paint Facility at the Darwin Ship Lift, reinforcing its defence and marine sector focus with work commencing June 2026.

* AQD — AusQuest’s Cangallo copper-gold porphyry system in Peru has grown to over 1,500 metres of confirmed strike with grades topping 1% copper, and a 5,000-plus metre diamond drill program is planned for late May to test higher-grade sulphide extensions at depth.

* SKY — Sky Metals lodged a Scoping Report to kick off the formal NSW State Significant Development approval process for its Tallebung tin-tungsten-silver project, with an updated resource and Pre-Feasibility Study due this quarter incorporating over 500 drill holes.

* DAI — Decidr AI Industries raised $15 million via placement at $0.61 per share to fund its Sugarwork AI platform growth, M&A activity and sovereign compute initiatives.

* AZJ — Aurizon reaffirmed its FY2026 EBITDA guidance of $1.68–1.75 billion and dividend of 22–23 cents per share despite a temporary $10 million fuel timing headwind expected to reverse in coming periods, with ten-month volumes positive across all segments.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

RRL — Regis Resources and Vault Minerals merge to create Australia’s third-largest ASX-listed gold producer targeting 700koz+ annual output

Regis Resources and Vault Minerals have agreed to a merger-of-equals via scheme of arrangement, creating Australia’s third-largest ASX-listed gold producer with a pro forma market capitalisation of approximately A$10.7 billion. Vault shareholders receive 0.6947 Regis shares per share held, leaving Regis holders with 51% and Vault holders 49% of the combined group. The merged entity will be debt-free with A$1.9 billion in cash and bullion, five operating Western Australian assets, a 20.5 million ounce resource base, annualised free cash flow of A$1.7 billion, and over A$500 million in anticipated corporate tax benefits. Jim Beyer will serve as Managing Director and CEO with Russell Clark as Non-Executive Chairman.

TLC — Lottery Corporation secures 40-year Victorian licence extension to 2068 for $1.145 billion

The Lottery Corporation has agreed to extend its Victorian Public Lottery Licence by 40 years to 30 June 2068, paying an upfront premium of $1.145 billion funded entirely by new debt facilities. The deal secures TLC’s position as exclusive Victorian lottery operator and pushes the next meaningful renewal deadline out to 2050, substantially de-risking the earnings base for a generation. From FY27, TLC is upgrading its dividend policy to pay 80–100% of NPATA, adding back roughly $44 million in annual licence amortisation — an outcome that should underpin higher and more consistent distributions for income investors.

IPT — Impact Minerals scores bonanza silver-gold discovery at Silica Hill with grades up to 20,603 g/t Ag and 27 g/t Au

Impact Minerals has intersected exceptionally high-grade silver-gold mineralisation at its Silica Hill prospect in NSW, with discovery hole CMKNI004 returning 0.5 metres of massive sulphide grading 20,603 g/t silver and 27 g/t gold at 230 metres depth — located 100 metres outside the existing mineralised envelope below a fault, confirming the system is significantly larger than previously understood. The broader intercept of 84 metres at 0.6 g/t gold and 123 g/t silver confirms a large-scale system open in all directions. JV partner Kuniko is funding the earn-in and a Phase 2 drill program kicks off in June — both IPT and KNI are stocks to watch ahead of those results.

Mid-Tier Movers

NXT — NEXTDC secured A$1.8 billion in new credit-approved senior debt commitments from a syndicate of eight major banks including ANZ, CBA, NAB, Westpac, HSBC, ING, Mizuho and MUFG, lifting total available facilities to A$8.2 billion upon financial close expected in July 2026. Pro forma liquidity hits approximately A$8.4 billion, underwriting the capital expenditure pipeline tied to recent data centre contract wins.

GMD — Genesis Minerals delivered standout drill results at Gwalia’s previously overlooked upper levels — including 8.3 metres at 43.2 g/t and 27.6 metres at 17.6 g/t gold — from areas largely unmined since the 1960s, which could deliver lower-cost ore than the deeper Heart of Gold zone. The company holds A$600 million in cash with zero bank debt, and a FY27 exploration budget increase is anticipated following current drill success.

CAE — Cannindah Resources confirmed a brand-new high-grade Southern Shoot at its Breccia copper-gold deposit in Queensland, with RC drilling returning 44 metres at 2.78% copper-equivalent from 214 metres depth — grades exceeding the existing 14.5 million tonne resource average. The shoot extends over 100 metres of strike and 200 metres vertically and remains open to the south, with the corridor potentially stretching 500 metres beyond the current resource boundary.

SX2 — Southern Cross Gold awarded PYBAR Mining Services the underground exploration decline contract at Sunday Creek in Victoria — a 680-metre primary decline with 1,200 metres of lateral development. Once complete, drilling capacity nearly doubles from 11 surface rigs to 24 concurrent rigs, a major step in accelerating one of Australia’s most watched gold-antimony development stories.

PEX — The NSW Supreme Court approved Peel Mining to hold a shareholder meeting on 15 June for Aeris Resources to acquire 100% of the company via scheme of arrangement. Before the acquisition completes, Peel will demerge subsidiary Spectre Metals, distributing its remaining Cobar Basin assets in-specie to existing shareholders. The board unanimously recommends both votes, with major shareholder Perth Capital also signalling support.

FEG — Far East Gold grew its Idenburg gold resource in Papua, Indonesia by 44% to 780,000 ounces at 3.1 g/t, driven by an upgraded Sua estimate and a maiden resource at the new North Bermol discovery. With 11 of 15 identified prospect areas still untested, the company has engaged Mining One to commence a Scoping Study — significant upside remains on the table.

Rapid Fire

* SGQ — St George Mining intersected over 100 metres of rare earth and niobium mineralisation 200 metres north of its existing Araxá resource in Brazil, confirming a major northern extension and likely resource growth, with peak grades of 5.80% TREO.

* BGD — Barton Gold produced a gravity concentrate grading over 100,000 g/t silver from its Tolmer prospect in South Australia using simple washing and panning, with a 4,000-metre RC drill program expedited to mid-May.

* EYE — Nova Eye Medical upgraded FY26 revenue guidance to US$22–23 million after back-to-back monthly US sales records in March and April, with trailing twelve-month sales up 26% year-on-year and first-ever positive EBITDA from operations recorded in Q3.

* AGE — Alligator Energy’s Samphire uranium ISR field trial hit its 70% recovery target with solution grades of 115 mg/L, beating global benchmarks and the company’s own scoping study assumptions. A second well pattern test commences shortly with results expected Q3 2026.

* ALQ — ALS Limited disclosed a cyber attack causing temporary operational disruption across parts of its global testing and inspection network. Most operations have been restored but data impact is still being investigated, with the Australian Cyber Security Centre notified.

* MGOC — Magellan is handing its MGOC active ETF to Vinva Investment Management, cutting the management fee from 1.35% to 0.89%, scrapping the performance fee, and shifting from a concentrated 20–40 stock portfolio to a 300-plus stock systematic strategy from June 2026.

* VNT — Ventia won approximately $340 million in Victorian road maintenance contracts across the Grampians and Eastern Metropolitan regions, commencing July 2026 over a four-year base term with extension options of up to four additional years.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

ENP — Entropy Neurodynamics reports 75% response rate in treatment-resistant IBS Phase 2a trial, far exceeding existing therapies

Entropy Neurodynamics announced breakthrough Phase 2a results for TRP-8802, its oral psilocybin candidate, in treatment-resistant IBS patients — achieving a 75% response rate compared to just 17 to 44% for currently approved therapies. The study of 12 patients was presented at Digestive Disease Week 2026 by researchers from Massachusetts General Hospital and Columbia University, lending serious academic credibility to the findings. Subtype results were particularly striking, with IBS-C patients responding at 100% and IBS-M at 80%. The results are expected to de-risk the company’s next-generation IV psilocin candidate TRP-8803 and open the door to partnering discussions in the US$60 billion IBS market.

GBR — Great Boulder acquires historic Peak Hill Gold Project from Westgold for $25M cash plus 19.9% equity stake

Great Boulder Resources has signed a binding agreement to acquire the Peak Hill Gold Project in Western Australia from Westgold Resources, paying $25 million cash and issuing shares representing 19.9% of the company, plus a 1% net smelter royalty. The project hosts a JORC resource of 481,000 ounces and has historic production exceeding 900,000 ounces, with an Ore Purchase Agreement allowing capital-light processing through Westgold’s nearby mills. To fund the deal, Great Boulder is raising $40 million via institutional placement at 8.5 cents per share, leaving approximately $25 million net cash post-completion. A non-binding Strategic Collaboration with Westgold also creates a pathway to fast-track Great Boulder’s 1 million ounce Side Well Gold Project located 25 kilometres from Westgold’s Bluebird Mill.

SRZ — Stellar Resources raises $22.1M at 3.3 cents per share to fund Heemskirk Tin Project development, anchored by $17M cornerstone investment from Metals X

Stellar Resources completed a strongly oversubscribed placement raising $22.1 million, anchored by a $17 million strategic investment from Metals X — Australia’s largest tin producer — which takes a 16.4% stake and a board seat. The additional $5.1 million tranche was significantly oversubscribed, signalling strong institutional conviction in tin as a critical mineral. The raise lifts Stellar’s pro-forma cash to $33 million to fund a Prefeasibility Study due Q3 2026 and a subsequent Definitive Feasibility Study — this has the hallmarks of a project being fast-tracked to development.

Mid-Tier Movers

BDM — Burgundy Diamond Mines revealed its subsidiary Arctic Canadian Diamond Company, which operates the Ekati Diamond Mine, has filed for CCAA insolvency protection in Canada — the Canadian equivalent of Chapter 11. The filing was triggered by the perfect storm of US tariffs on natural diamonds, weak global demand, and rising fuel costs linked to Middle East conflict. Mining is expected to continue during restructuring, but investors should watch this closely as the outcome will be critical to Burgundy’s future.

CML — Connected Minerals signed a binding deal to acquire an 80% stake in Angola’s Bailundo carbonatite complex — a seven-kilometre diameter structure returning surface grades of up to 2.1% niobium pentoxide and 7.7% total rare earth oxides, analogous to world-class Brazilian carbonatite systems. The company is raising $4.5 million to fund exploration with a new CEO who brings 12 years of in-country Angola experience.

ARN — Aldoro Resources hit what looks like world-class niobium mineralisation at its Kameelburg carbonatite in Namibia — 11 metres at 0.76% niobium pentoxide — alongside a near-surface REE and strontium bonanza of 5 metres at 2.94% total rare earth oxides. A second hole confirmed southern continuity with 74 metres of cumulative mineralisation across two stacked layers, and an updated mineral resource estimate incorporating strontium for the first time is expected in coming weeks.

LGM — Legacy Minerals released a Scoping Study for its Mt Carrington gold-silver project in NSW showing a pre-tax NPV of A$716 million and a 38% IRR over a 19-year mine life, with initial capital of just A$220.5 million. The project benefits from existing brownfield infrastructure including grid power and access roads, with the company holding $8 million cash to advance further studies.

MNC — Merino and Co. locked in a three-year exclusive distribution deal covering all of Mainland China with a minimum annual order commitment of CNY 30 million — approximately AUD 6.5 million — across e-commerce, retail and wholesale channels, including a 20% per annum minimum growth rate on renewal. The deal transitions the company from opportunistic exports to a structured, measurable revenue model.

WIN — WIN Metals reported bonanza gold grades of up to 334 g/t at its Radio Gold Project in Western Australia, with high-grade hits confirmed both inside and outside the current resource envelope. The company is targeting a final investment decision to commence operations within this financial year — these drill results couldn’t come at a better time.

Rapid Fire

* PGO — Pacgold poured its maiden gold doré bar at White Dam in South Australia — approximately 3 kilograms or 80 ounces — just five months after acquisition, officially transitioning from explorer to producer with 200,000 tonnes of ore ready for leaching imminently.

* ASN — Anson Resources upgraded its Green River Lithium JORC resource by 650% to 773,000 tonnes of lithium carbonate equivalent, driven by new drilling data across the Mississippian Unit, and is now targeting over one million tonnes LCE.

* ARL — Ardea Resources’ Kalgoorlie Nickel Project was named in a joint statement by the Australian and Japanese Prime Ministers on critical minerals cooperation — significant political and diplomatic backing for a project already supported by Sumitomo and Mitsubishi.

* CLA — Celsius Resources terminated its Executive Director after he issued an unauthorised share transfer notice without board approval. The company is now conducting an internal investigation and seeking independent legal advice.

* HAR — Haranga Resources returned high-grade gold hits at its Lincoln Project in California including 4.8 metres at 25.4 g/t gold, with a maiden JORC resource conversion expected in mid-May.

* VMT — Vmoto signed a worldwide MotoGP licensing deal to produce three co-branded electric scooter models through 2030, gaining prominent placement at European events and exposure to Liberty Media’s Formula One fanbase of 632 million.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

GBR — Great Boulder acquires historic Peak Hill Gold Project from Westgold for $25M cash plus 19.9% equity stake

Great Boulder Resources has signed a binding agreement to acquire the Peak Hill Gold Project in Western Australia from Westgold Resources, paying $25 million cash and issuing shares representing 19.9% of the company, plus a 1% net smelter royalty. The project hosts a JORC resource of 481,000 ounces and has historic production exceeding 900,000 ounces, with an Ore Purchase Agreement allowing capital-light processing through Westgold’s nearby mills — meaning Great Boulder can move toward near-term production without building its own processing infrastructure. To fund the deal, the company is raising $40 million via institutional placement at 8.5 cents per share, leaving approximately $25 million net cash post-completion. A non-binding Strategic Collaboration with Westgold also creates a potential pathway to fast-track Great Boulder’s 1 million ounce Side Well Gold Project located 25 kilometres from Westgold’s Bluebird Mill.

ENP — Entropy Neurodynamics reports 75% response rate in treatment-resistant IBS Phase 2a trial, far exceeding existing therapies

Entropy Neurodynamics announced breakthrough Phase 2a results for TRP-8802, its oral psilocybin candidate, in treatment-resistant IBS patients — achieving a 75% response rate compared to just 17 to 44% for currently approved therapies. The study of 12 patients was presented at Digestive Disease Week 2026 by researchers from Massachusetts General Hospital and Columbia University, lending serious academic credibility to the findings. Subtype results were particularly striking, with IBS-C patients responding at 100%. The results are expected to de-risk the company’s next-generation IV psilocin candidate TRP-8803 and open the door to partnering discussions in the US$60 billion IBS market.

BDM — Burgundy Diamond Mines’ subsidiary Ekati mine operator files for insolvency protection in Canada

Burgundy Diamond Mines’ subsidiary Arctic Canadian Diamond Company, which owns and operates the Ekati Diamond Mine, has filed for CCAA insolvency protection in Canada. The filing was driven by the perfect storm of US tariffs on natural diamonds, sustained weak global rough diamond demand, and rising fuel costs linked to Middle East conflict. Mining operations are expected to continue during the restructuring process while the company seeks financial and operational alternatives, but this is a serious situation for Burgundy shareholders and a stark reminder of how quickly commodity sector headwinds can compound.

Mid-Tier Movers

NGI — Navigator Global Investments is acquiring interests in 17 alternative asset managers from Stable Asset Management for US$195 million, adding US$15 billion in firm-level AUM and expecting low double-digit EPS accretion in year one. The deal is funded via a A$145 million underwritten entitlement offer and A$136 million in NGI scrip, with a long-term strategic partnership providing a pipeline of future opportunities and bringing total NGI partner firms to 29.

SRZ — Stellar Resources raised $22.1 million for its Heemskirk Tin Project, anchored by a $17 million strategic cornerstone investment from Metals X — Australia’s largest tin producer — which takes a 16.4% stake and a board seat. The raise was significantly oversubscribed, lifting Stellar’s pro-forma cash to $33 million ahead of a Prefeasibility Study due Q3 2026.

AX1 — Accent Group cut its H2 FY26 EBIT guidance to $23–28 million after April trading was hurt by geopolitical tensions, rising fuel prices and weakening consumer confidence, with like-for-like retail sales falling 1% and gross margins contracting 80 basis points. The company also revealed ASIC has issued notices investigating suspected insider trading in its securities between May and June 2025, involving CEO Daniel Agostinelli, a non-executive director and another senior employee — a serious governance red flag.

MM1 — Midas Minerals hit its best-ever drill result at the T-13 Copper-Silver Deposit in Namibia — 50 metres at 5.55% copper and greater than 125 g/t silver, including 16.3 metres at nearly 13% copper — against an existing inferred resource of 10.5 million tonnes at 2.0% copper equivalent. With 11 holes still pending assay and plans to expand to seven rigs, this is a rapidly developing high-grade copper story.

MNC — Merino and Co. locked in a three-year exclusive distribution deal covering all of Mainland China, with a minimum annual order commitment of CNY 30 million — approximately AUD 6.5 million — across e-commerce, retail and wholesale channels, including a 20% per annum minimum growth rate on renewal. The deal transitions the company from opportunistic exports to a structured, partner-led revenue model without requiring direct investment in local retail infrastructure.

PNI — Pinnacle Investment Management is buying an additional 6.8% stake in Metrics Credit Holdings for approximately A$100.5 million, restoring its ownership to around 35%. Simultaneously, the National Pension Service of Korea is picking up a further 6.37% at the same implied valuation — a significant endorsement of Metrics’ value from two sophisticated investors transacting at the same price.

Rapid Fire

* PGO — Pacgold poured its maiden gold doré bar at White Dam in South Australia — approximately 3 kilograms or 80 ounces — just five months after acquisition, officially transitioning from explorer to producer with 200,000 tonnes of ore ready for leaching imminently.

* IMR — Imricor Medical Systems raised A$60 million via institutional placement at A$1.85 per CDI to fund its US launch of the NorthStar cardiac mapping system and global expansion, leaving the company with approximately A$103 million in cash.

* CML — Connected Minerals is acquiring an 80% stake in Angola’s Bailundo carbonatite complex — a seven-kilometre diameter structure with grades up to 2.1% niobium and 7.7% total rare earth elements — and is raising $4.5 million to fund exploration.

* FHE — Frontier Energy’s Waroona renewable energy project was selected under the Australian Government’s Capacity Investment Scheme, securing a government-backed revenue floor until 2042 and significantly strengthening its debt financing profile with indicative senior debt terms at up to 70% gearing.

* ARL — Ardea Resources’ Kalgoorlie Nickel Project was named in a joint statement by the Prime Ministers of Australia and Japan on Critical Minerals Cooperation — strong geopolitical endorsement for the Sumitomo and Mitsubishi-backed JV hosting Australia’s largest nickel-cobalt resource.

* ALA — Arovella Therapeutics underwent a major board overhaul after a shareholder requisition, with the CEO and three directors resigning and a comprehensive review of the company’s technology platform now underway.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

KGL — KGL Resources delivers strong economics for Jervois copper project with A$839M post-tax NPV and 30% IRR

KGL Resources has released a Baseline Economic Model for its Jervois Copper-Silver-Gold Project in the Northern Territory, confirming a post-tax NPV of A$839 million and a 30% post-tax IRR with construction capex of A$439 million. The project has a 10-year mine life producing 276,000 tonnes of copper, 10.5 million ounces of silver and 87,000 ounces of gold, with commissioning targeted for H1 2028 and average steady-state operating cashflow of A$260 million per annum at a C1 cash cost of just US$1.65 per pound net of by-products. KGL is now moving toward a Final Investment Decision, though it has flagged additional funding is still required — watch for a capital raise announcement.

RKB — Rokeby Resources acquires high-grade Omeo Gold Project with 320koz historic resource and raises $4M to fund exploration

Rokeby Resources has entered a binding agreement to acquire the Omeo Gold Project in northeast Victoria, which hosts a historical resource of 2.4 million tonnes at 4.02 g/t gold for approximately 320,000 ounces across a 5.8 kilometre mineralised corridor. A $4 million placement has been secured to fund exploration, with the Sunnyside deposit first in line for drilling. In a signal of serious intent, Rokeby has brought in experienced mining engineer Richard Beazley as Managing Director and former Victorian Treasurer Tim Pallas as Non-Executive Chairman — a leadership combination that suggests this is more than a speculative corporate makeover.

EUR — European Lithium halted amid media speculation of potential takeover bid

European Lithium entered a trading halt effective 24 April after media speculation emerged about a potential control transaction. The company requested the halt itself, which typically signals something concrete is in the works rather than just rumour. With lithium M&A heating up globally and EUR holding a 7.5% stake in the world-class Tanbreez rare earth deposit in Greenland, investors will be watching closely for a formal announcement before Tuesday’s open.

Mid-Tier Movers

FMG — Fortescue’s board approved a US$680 million investment to develop the Pilbara Green Energy Project, a 200MW fully integrated renewable energy system with large-scale battery storage targeting third-party customers including data centres, with completion expected by 2028. This is entirely separate from Fortescue’s own decarbonisation program and marks a deliberate pivot toward selling green power commercially, with a pathway to multi-gigawatt expansion post-2030.

GNP — GenusPlus Group won a $110 million lump-sum, turn-key contract to engineer, procure, construct and commission the Koolunga Battery Energy Storage System in South Australia for Equis Development — a 200MW/800MWh system connected to the 275kV Brinkworth Substation, due for completion by September 2027. A meaningful revenue boost for the infrastructure services company.

QOR — The Qoria-Aura merger received a significant vote of confidence, with the equity placement upsized to US$100 million from US$75 million, the additional US$25 million funded by Aura’s own founder and major shareholder WndrCo. The implied placement price of A$0.40 per Qoria share represents a 32.4% premium to the 30-day VWAP, and the Qube board unanimously continues to recommend the scheme.

PAT — Patriot Resources published a JORC exploration target of 559 to 774 million ounces of silver equivalent at its Tassa project in southern Peru — built on over 20 years of data including 8,500 metres of diamond drilling across 19 mineralised zones. A 4,000 metre drill program is now being advanced to convert the target into a formal resource. If confirmed, Tassa would rank among the largest undeveloped silver systems on the planet.

CUV — CLINUVEL cleared a major regulatory hurdle with the European Medicines Agency finalising the design for its pivotal Phase III vitiligo trial of SCENESSE — a 300-patient study set to start in the second half of 2026, using T-VASI50 as the primary endpoint and prioritising darker-skinned patients. This builds on FDA approval secured in April 2025 and growing US commercial momentum.

VUL — Vulcan Energy broke ground on its Lionheart central lithium chemicals plant at Infraserv Industrial Park Höchst in Frankfurt, targeting 24,000 tonnes per annum of battery-quality lithium hydroxide monohydrate — enough for approximately 500,000 EV batteries — with a 2028 production start. The ceremony was attended by senior German government officials, backed by the €2.2 billion funding package locked in December 2025.

Rapid Fire

* SBM — St Barbara formally approved the restart of its Touquoy gold operation in Nova Scotia, with ore processing from stockpiles expected to commence by end of calendar year 2026 and two local contracts supporting nearly 200 new jobs.

* MEK — Meeka Metals is acquiring 71 square kilometres of tenements adjacent to the historic Bounty gold mine in WA — which produced 1.2 million ounces at over 5 g/t — with a 20,000 metre drill program to follow, funded from its $50 million cash balance.

* AEE — Sweden’s Geological Survey has formally proposed Aura Energy’s Häggån uranium and vanadium deposit as a national interest site, giving it legal protection from competing land uses — a significant milestone for the EU-critical minerals project ahead of a 3 June consultation deadline.

* EXR — Elixir Energy booked 662 billion cubic feet equivalent of new gas resources in Queensland’s Taroom Trough, lifting its total certified 2C resource 24% to approximately 3.5 trillion cubic feet equivalent, with more than 50% of the permit still to be drilled.

* AWJ — Auric Mining has recruited Gareth Solly — the man who built Black Cat Syndicate from a $6 million IPO into a billion-dollar gold producer — as its incoming CEO, signalling serious ambition to scale the Munda Gold Mine toward mid-tier status.

* HUM — The Takeovers Panel revised its orders in the Humm Group saga, replacing a share disposal order against major shareholder TAG with a 6-month voting restriction on 15 million shares and new disclosure obligations around the Credit Corp takeover bid. The EGM must be further adjourned pending those disclosures.

* BVR — Bellavista Resources cleared all conditions for its 70% acquisition of the Pickle Crow Gold Project in Ontario, with completion set for Tuesday 29 April alongside settlement of the second tranche of its $35 million placement.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

CMB — FDA greenlights single pivotal trial pathway for Cambium Bio’s Elate Ocular, cutting costs and accelerating approval timeline

Cambium Bio received FDA confirmation that its dry eye disease treatment Elate Ocular only needs a single pivotal Phase 3 trial instead of two — a significant reduction in capital required and time to potential approval. The CAMOMILE-3 trial will enrol 400 patients with First Patient In targeted for later in 2026, with rolling BLA submission enabled by existing Fast Track Designation. Cutting the clinical pathway in half is a genuine derisking event for a small ASX biotech and meaningfully improves the probability of reaching approval.

GHM — Golden Horse Minerals hits visible gold 830m north of historic Hopes Hill pit with 16m at 6.8 g/t Au

Golden Horse Minerals drilled 16 metres at 6.8 g/t gold — including a stunning 1 metre at 98.4 g/t — at Hopes Hill North, in its first diamond hole drilled into a zone that was previously inaccessible due to tenement constraints the company has since resolved through tenure consolidation. The result confirms the footwall lode extends at least 830 metres beyond prior drilling. Combined with recent high-grade results to the south and at depth, the company now believes Hopes Hill could be a significantly larger gold system than the market has priced in, across a potential 2.5 kilometre strike.

AI1 — Adisyn raises A$14M at $0.0675/share backed by Regal Funds and Israel’s Meitav following twin graphene breakthroughs

Adisyn secured A$14 million in an institutional placement cornerstoned by Regal Funds Management and Meitav — Israel’s largest investment house with approximately A$190 billion under management. The raise follows two graphene breakthroughs: forming graphene at semiconductor-compatible temperatures using an industrial ALD system targeting the ~US$1 trillion semiconductor market, and securing an exclusive worldwide licence from Tel Aviv University for graphene-based radar absorption technology targeting the US$66.5 billion military drone market. Tier-one institutional backing combined with dual technology milestones makes this one of the more compelling small-cap tech stories on the ASX this week.

Mid-Tier Movers

FRB — Firebird Metals won a $2 million non-dilutive ARENA grant to build what it claims will be the world’s first manganese-to-cathode demonstration plant in Perth, converting ore directly into finished EV battery cathode materials. The grant follows rigorous independent technical due diligence — as good a validation signal as a small-cap can get — and leaves Firebird’s IP ownership entirely intact.

ARI — Arika Resources reported exceptional RC drilling results at Yundamindra in WA, headlined by 57 metres at 1.42 g/t gold with a high-grade zone hitting 35.96 g/t within the F1 and Landed at Last structures. With assays still pending for 75 holes totalling around 10,000 metres, the news flow from this project is far from over as the company works toward a maiden Mineral Resource Estimate.

ARN — Aldoro Resources achieved 98.96% strontium extraction at its Kameelburg Project in Namibia using a simple ambient-temperature hydrochloric acid leach — considered among the best extraction results ever reported globally for any strontium ore system. The timing is notable: strontium carbonate prices have surged roughly 150% to US$3,150 per tonne, and the ore also hosts rare earth elements, giving Aldoro a potential dual-commodity angle.

DRE — Dreadnought Resources received Mine Development and Closure Proposal approval for open pit mining at its Star of Mangaroon gold project in WA’s Gascoyne region. The strategy is smart for a small explorer — outsourcing funding, haulage and processing to third parties including JV partner Black Cat, allowing Dreadnought to generate internal cash flow without constantly hitting the market for capital.

MCP — McPherson’s withdrew its FY26 EBITDA growth guidance, citing weaker-than-expected sales and additional supplier surcharges tied to macroeconomic pressures. The company maintains a net cash position and will continue its share buy-back, but the guidance scrapping will likely weigh on the stock.

FGR — First Graphene completed a world-first production trial with UK’s largest precast concrete manufacturer FP McCann, producing over 10,000 graphene-enhanced cement roof tiles and demonstrating up to 14% carbon emission reduction and 8% less cement required — opening a pathway into a global market projected to reach US$11.8 billion by 2034.

Rapid Fire

* CVR — Cavalier Resources raised $4 million at $0.30 per share to fund pre-production works at its Crawford Gold Project, including long-lead equipment and haul road construction, while separately negotiating a US$13 million pre-payment facility with Raptor Capital.

* SQX — SQX Resources completed a 25-hole maiden drill program at Red Bird Gold in Arizona, confirming a larger-than-expected system with intercepts including 22.9 metres at 2.8 g/t gold. Mineralisation remains open along strike and at depth.

* ADG — Adelong Gold confirmed high-grade gold at Comet — 9.8 metres at 2.76 g/t — and made its first-ever antimony discovery at New Trojan in Victoria, drawing comparisons to the Fosterville style of mineralisation.

* KLI — Killi Resources is in a trading halt pending both exploration results and a potential acquisition announcement — a dual catalyst worth watching when trading resumes Tuesday 28 April.

* SBR — Sabre Resources halted trading ahead of an acquisition and capital raising announcement. Details expected before Monday’s open.

* WNX — Wellnex Life failed to repay $2.88 million in director loans by its April deadline, paying $150,000 to extend to July — a red flag on liquidity management for this consumer health company.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

QUB — Qube Holdings shareholders to vote on $5.20 per share takeover scheme after court approval and unanimous board recommendation

Qube Holdings has received Supreme Court of NSW approval to convene shareholder meetings to vote on a proposed scheme of arrangement under which a consortium comprising MAM, UniSuper and Pontegadea will acquire 100% of Qube shares at $5.20 cash per share. Independent expert Grant Samuel has concluded the scheme is fair and reasonable, valuing Qube on a controlling interest basis at $4.93 to $5.41 — placing the $5.20 offer squarely in the fairway. The Qube board unanimously recommends shareholders vote in favour. This is one of Australia’s largest logistics companies changing hands and the deal looks likely to get over the line.

NXL — Federal Court dismisses ASIC’s continuous disclosure and misleading conduct case against Nuix and its former directors

The Federal Court of Australia has dismissed all enforcement proceedings brought by ASIC against Nuix and its then-directors relating to alleged continuous disclosure breaches and misleading conduct in early 2021. This is a complete win for Nuix, removing a regulatory overhang that has weighed on the stock since its controversial IPO period. The market will be watching closely when shares resume trading. One important caveat: ASIC retains the right to appeal, so this may not be the final chapter — but today’s ruling is unambiguously positive for Nuix shareholders.

OMA — Omega Oil & Gas raises A$60M at $0.84/share to fund upgraded Taroom Trough horizontal drilling program

Omega Oil and Gas secured A$60 million through a heavily oversubscribed institutional placement — it initially targeted $50 million but demand blew well past that, a strong signal of institutional conviction. Proceeds will fund four vertical wells and one to two full-scale 2,000-metre horizontal wells with stimulation and six-month flow testing in Queensland’s Taroom Trough, with drilling commencing in June 2026. The Taroom Trough has also recently been designated a Queensland Government Prescribed Project to streamline approvals — this is shaping up as one of the most closely watched onshore oil and gas plays on the ASX right now.

Mid-Tier Movers

RML — Resolution Minerals raised $20 million at a 6.3% premium to its 20-day VWAP — unusual and a strong signal of institutional demand — cornerstoned by Tribeca Investment Partners and L1 Capital. Funds target the Horse Heaven antimony, tungsten and gold project in the US, which carries White House FAST-41 strategic status, with a NASDAQ listing imminent. Critical minerals with US government backing are attracting serious money right now.

FRB — Firebird Metals scored a $2 million non-dilutive ARENA grant to build what it claims will be the world’s first manganese-to-cathode demonstration plant in Perth, converting ore directly into finished EV battery cathode materials. Non-dilutive government funding following independent technical due diligence is as good a validation signal as a small-cap can get — and it leaves Firebird’s IP entirely intact.

NMG — New Murchison Gold drilled 3.2 metres at 48.9 g/t gold from 330 metres depth at Crown Prince — the deepest ore-grade hit ever recorded at the site and sitting outside the current resource envelope, 190 metres below the designed pit base. Additional RC holes returned 13 metres at 13.3 g/t and 8 metres at 12.3 g/t, building a compelling underground mining case. Management says an ore reserves update incorporating underground plans is coming shortly — that could be a meaningful re-rating catalyst.

CMB — Cambium Bio received FDA confirmation that its dry eye disease treatment Elate Ocular only needs a single pivotal Phase 3 trial instead of two — a significant reduction in capital required and time to potential approval. The trial will enrol 400 patients with First Patient In targeted for later in 2026, with rolling BLA submission enabled by existing Fast Track Designation. Cutting the clinical pathway in half is a genuine derisking event for this small biotech.

ASM — Australian Strategic Materials has cleared the FIRB hurdle for Energy Fuels’ proposed acquisition of up to 100% of ASM via dual schemes covering ordinary shares and quoted options. With FIRB now ticked off, the remaining conditions are shareholder approval and Federal Court sign-off. The Scheme Booklet is expected in May with implementation targeted for early July 2026 — a critical minerals deal with strong strategic logic given US appetite for non-Chinese rare earth supply.

GHM — Golden Horse Minerals drilled 16 metres at 6.8 g/t gold in its first diamond hole north of the historic Hopes Hill pit — including 1 metre at 98.4 g/t — extending the footwall lode at least 830 metres beyond prior drilling into an area previously inaccessible due to tenement constraints. The company now believes Hopes Hill could be a significantly larger system across a 2.5 kilometre strike. High-grade visible gold in a first-ever hole into a previously untestable zone is exactly the kind of moment junior gold explorers live for.

Rapid Fire

* NXL — Nuix halted trading ahead of this morning’s Federal Court judgment in ASIC’s enforcement case — the outcome was a full dismissal in favour of Nuix, covered in the headline segment above.

* AI1 — Adisyn raised $14 million backed by Regal Funds and Israel’s Meitav following graphene breakthroughs, including a worldwide licence from Tel Aviv University for radar absorption technology targeting the stealth drone market.

* XRF — XRF Scientific is acquiring Bruker’s Combustion Gas Analysis business for up to USD $5 million. The target generated USD $5.3 million in 2025 revenue and diversifies XRF beyond mining into nuclear energy and steel production, with production transferring to Perth by Q3 2026.

* ALD — Ampol has sweetened its remedy offer to the ACCC to 41 fuel site divestitures — up from 37 — to secure clearance for its EG Australia acquisition ahead of a 5 June ACCC determination deadline.

* DRE — Dreadnought Resources received mining approval for its Star of Mangaroon open pit gold project in WA, a key step in its strategy to become self-funding through third-party processing partnerships with JV partner Black Cat.

* MCP — McPherson’s has scrapped its FY26 EBITDA growth guidance due to weaker-than-expected sales and rising supplier surcharges — a warning sign for investors in the consumer goods space.

* TOK — Tolu Minerals raised AUD $23.75 million via convertible notes with Petrosea and secured 600,000 litres of diesel to shore up fuel security at its Tolukuma Gold Mine in PNG, with drilling results from multiple vein programs expected in Q2.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

NXT — NEXTDC raises ~A$1.0 billion via institutional entitlement offer at $12.70 per share with 98% take-up rate

NEXTDC successfully completed the institutional component of its 1-for-5.4 pro-rata accelerated non-renounceable entitlement offer, raising approximately A$1.0 billion at A$12.70 per share with near-total shareholder support. The 98% take-up rate is a striking endorsement of institutional conviction in NEXTDC’s growth story — this is one of the largest raises on the ASX this year. A further ~A$0.5 billion retail offer opens 27 April and closes 11 May, with a Top Up Facility allowing eligible retail shareholders to apply for up to 100% additional shares. Proceeds back NEXTDC’s record 544MW pro forma Forward Order Book and its broader A$2.2 billion capital plan, alongside a separate A$1.0 billion Hybrid Securities Offer.

BCM — Brazilian Critical Minerals’ Ema project joins world’s largest rare earth deposits with 1.07 billion tonne resource

BCM has updated its Mineral Resource Estimate for the Ema ionic clay rare earth project in Brazil, now totalling 1.07 billion tonnes at 732 ppm TREO — catapulting it into the ranks of the world’s largest ionic clay REE deposits. The high-confidence Indicated Resource surged 58% to 392Mt at 773 ppm TREO, a major de-risking milestone as the Bankable Feasibility Study is already approximately 80% complete. Ema is positioned as the only known ISR-ready rare earth project in the Western world, meaning low-cost in-situ recovery — a critical advantage as governments scramble to build rare earth supply chains outside China.

ALD — Ampol delivers strong Q1 2026 with LRM surging to US$25.45/bbl amid Middle East conflict supply disruption

Ampol reported a strong first quarter for 2026, with the Lytton Refiner Margin jumping to US$25.45 per barrel — up from just US$6.07 in Q1 2025 — driven by elevated global refining margins following supply disruptions linked to Middle East conflict and its impact on Strait of Hormuz shipping. Australian fuel sales rose 4.7% and refinery production climbed 10% year-on-year, with Ampol deferring planned maintenance to prioritise domestic fuel security. The result is a dramatic earnings tailwind for Ampol shareholders — but also a reminder of how geopolitical shocks flow directly into the fuel prices every Australian pays at the pump.

Mid-Tier Movers

ENR — Encounter Resources grew its Aileron niobium resource by 54% to 120Mt at 0.77% Nb2O5 in Western Australia, including a high-grade core of 26Mt at 1.7% Nb2O5, cementing it as a world-class undeveloped niobium deposit. Pre-development studies are now accelerating with infill drilling commencing May 2026 — niobium’s role in high-strength steel and battery technology makes this one worth watching.

MEI — Meteoric Resources raised $40 million via a placement at $0.17 per share — zero discount to the last close — with the raise significantly oversubscribed. Funds advance the Definitive Feasibility Study and environmental licensing at its Caldeira ionic clay rare earth project in Brazil, leaving Meteoric with a pro-forma cash balance of roughly $58 million heading into a Final Investment Decision.

SX2 — Southern Cross Gold hit 1.6 metres at 55.3 g/t gold and 1.9% antimony at the Golden Dyke prospect within its Sunday Creek project in Victoria, with gold equivalent grades reaching nearly 60 g/t. The deposit is expanding in multiple directions beyond the existing exploration target and the company has now deployed an eleventh drill rig — dual gold and critical minerals antimony exposure is a compelling combination right now.

WAU — WA Gold’s scoping study for the Abercromby Gold Project delivered pre-tax net cashflow of up to A$297 million and an extraordinary 526% IRR from just A$8 million in upfront capital — a 33-times return on investment. The study used a conservative A$6,000 per ounce gold price versus current spot of around A$6,700, meaning real-world economics are even better than the headline numbers suggest.

HAS — Hastings Technology Metals unveiled the flowsheet for its Kabin Buri hydromet plant in Thailand, targeting first Mixed Rare Earth Chloride production in Q4 2026 with projected Year 1 revenue of US$53.4 million and pretax profit of US$21.6 million. The plant scales to 12,000 tonnes per annum from Year 2, making this one of the more imminent rare earth revenue stories on the ASX.

G6M — Group 6 Metals signed a binding $110–120 million three-year underground mining contract with HMR Drilling Services for its Dolphin Tungsten Mine on King Island, Tasmania. Commencement is expected within 60 days, with fixed pricing through to June 2027 — a key de-risking milestone moving Dolphin firmly toward sustained production.

Rapid Fire

* RRL — Regis Resources grew Group Ore Reserves to 2.0Moz — the sixth consecutive year of underground reserve growth exceeding depletion — with Garden Well Underground surging 120% to 474,000 ounces after depletion.

* WCE — West Coast Silver announced an inaugural 2.8 million ounce silver resource at Elizabeth Hill in WA at a standout grade of 617 g/t, confirming it as one of Australia’s highest-grade silver projects, with mineralisation open along strike and at depth.

* KNI — Kuniko’s maiden drilling at Commonwealth-Silica Hill in NSW hit 3.8 metres at 6.5 g/t gold, 385 g/t silver and 11.5% zinc in massive sulphide mineralisation. Assays from four remaining Phase I holes are pending imminently.

* SYR — Syrah Resources completed its A$104 million equity raising with AustralianSuper set to hold a ~49.6% stake, funding the Vidalia AAM facility ramp-up and Balama graphite operations.

* EBO — EBOS Group cut its FY26 EBITDA guidance to $610–620 million — down from as high as $635 million — blaming surging fuel and energy costs hitting its Symbion healthcare distribution network, with no clarity from Government on cost recovery timing.

* BPP — Babylon Pump and Power is suspended from trading in advanced negotiations for a transformative acquisition of a water pumping and storage business, contingent on a substantial capital raise. Watch for an announcement by 27 April.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

HEADLINE STORIES

Eagle Mountain Mining (EM2) — Free-carried 20% stake in US copper project backed by Japanese major Eagle Mountain has signed binding JV agreements with Tokyo-listed Nittetsu Mining over its Oracle Ridge copper project in Arizona. Nittetsu takes 80% and commits US$20 million over four years covering exploration, environmental permits and feasibility work. Eagle Mountain keeps a 20% stake fully free-carried to US$20 million of project expenditure — zero capital calls, zero dilution risk, while a major Japanese mining house does the heavy lifting. An initial US$3.5 million payment clears existing debts and exercises the mine purchase option, giving Eagle Mountain a clean balance sheet essentially overnight.

Riedel Resources (RIE) — 1,000 square kilometres of WA gold ground in one deal Riedel has executed a binding agreement to acquire majority control of two belt-scale gold projects in WA’s Laverton Gold District — the 580km² Cosmo project and the 420km² Mt Venn project — sitting near major deposits including Gruyere (9.1Moz) and Duketon (7.4Moz). The deal is backed by a concurrent A$2.5 million placement, leaving a pro-forma cash position of around A$4 million. Vendor Sarama Resources will hold approximately 32% of Riedel post-transaction. Riedel goes from single asset to three-project, two-jurisdiction gold company overnight. Drilling at Cosmo is pencilled in for July 2026.

Sunstone Metals (STM) — US$0.9 billion NPV scoping study for Ecuador gold-copper project Sunstone has completed a scoping study for its 87.5%-owned Bramaderos Gold-Copper Project in Ecuador, delivering a post-tax NPV of US$0.9 billion at a conservative US$3,500 per ounce gold price — rising to US$1.9 billion at current spot around US$5,000. The project envisions a 23-year open pit mine producing 135,000 ounces of gold equivalent per year for the first eight years at an AISC of US$1,499 per ounce. Capital requirement is approximately US$525 million. Pre-feasibility study is next, alongside ongoing exploration to grow the 3.6 million ounce resource base.

MID-TIER

Xpedra Resources (XPD) — Binding agreement to acquire the Neeld Gold Project near West Wyalong NSW — a historically high-grade asset that produced around 439,000 ounces at an exceptional 41 g/t between 1894 and 1915. Only four holes have ever been drilled below 200 metres, all hitting gold, leaving the depth and strike extensions almost entirely untested in the Lachlan Fold Belt.

Aldoro Resources (ARN) — Latest drill hole at Kameelburg in Namibia returned 354.2 metres of continuous rare earth, strontium, niobium and molybdenum mineralisation — ending in-hole and still open at depth. Top intercept of 57 metres at 1.85% TREO from surface. Updated resource estimate incorporating all Phase II results due within two weeks.

Anson Resources (ASN) — Submitted its final major permit application to the Utah Government for its 10,000 tonne per annum Green River Lithium Carbonate Plant. With brine extraction and waste disposal permits already in hand, this SMO approval is the last regulatory gate before construction. Approval expected within 90 days.

Solis Minerals (SLM) — Acquired a 93,000-hectare district-scale lithium project in Brazil’s Araçuaí Lithium Valley from a Rio Tinto subsidiary for just US$500,000 plus a 1.75% royalty. The project sits adjacent to PLS Group’s Colina Lithium Project. Two priority drill targets already identified. Company is fully funded for initial drilling.

Great Divide Mining (GDM) — Hit commercial gold production at its Challenger Mine in Adelong NSW, processing historic tailings and targeting gold concentrate grades of 30 g/t. First shipment to a refiner expected within days. No large-scale capex required — a lean path to cash flow for a small producer.

Invictus Energy (IVZ) — Raised $10 million via placement at $0.06 per share to fund the Musuma-1 exploration well in Zimbabwe, targeting 1.2 trillion cubic feet of gas and 73 million barrels of condensate. Seismic data shows a classic flat spot indicative of a gas-water contact. Drilling planned for the second half of 2026.

RAPID FIRE

* Sarama Resources (SRR) — Monetising WA gold assets via the Riedel deal while retaining a ~32% stake for exploration upside. US$242 million ICSID arbitration hearing against Burkina Faso confirmed for February 2027 — a potentially enormous catalyst to keep on the radar.

* Helix Resources (HLX) — General meeting called for 25 May to vote on a 35-for-1 share consolidation, capital raise, and apparent acquisition of Centric assets. Company reshaping itself.

* MCS Services (MSG) — Trading halt pending shareholder vote on disposal of its main business. Fundamental corporate change that could reshape the company entirely.

* Invion (IVX) — NMSC trial expanded to basal cell carcinoma patients — representing 80% of all skin cancers — after a second SCC cohort showed statistically significant lesion reductions and no adverse effects.

* Ardiden (ADV) — Standout 6-metre intersection at 20.78 g/t gold within a broader 29-metre zone at 4.96 g/t at its Rouyn Gold Project in Canada’s Abitibi region. Only 47% of the planned drill program reported so far.

* Cooper Metals (CPM) — Asset swap with AIC Mines delivers the Pyramid Gold Project in Queensland’s Drummond Basin, with historical hits of 35 metres at 6.1 g/t gold and an 8-kilometre largely undrilled fault corridor. Backed by a ~$980,000 placement.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

HEADLINE STORIES

National Storage REIT (NSR) — Brookfield and GIC takeover becomes legally effective The Supreme Court of NSW has approved the schemes of arrangement allowing a Brookfield and GIC consortium to acquire all stapled securities in National Storage REIT. Trading in NSR suspended from close of trade today. Securityholders will be paid out on 8 May 2026 following a 29 April record date — marking the end of one of Australia’s largest listed storage operators as a public company. The deal underscores continued institutional appetite for Australian real assets.

Eagle Mountain Mining (EM2) — Binding JV with Japan’s Nittetsu Mining for Oracle Ridge copper project Eagle Mountain has signed binding agreements with Tokyo-listed Nittetsu Mining to form a joint venture over its Oracle Ridge copper project in Arizona. Nittetsu takes 80%, Eagle Mountain retains a free-carried 20% stake. Nittetsu commits US$20 million over four years covering exploration, environmental permits and feasibility work, with an initial US$3.5 million payment to clear existing debts and exercise the mine purchase option. The free-carried structure is the key win — zero capital calls for Eagle Mountain up to US$20 million of project spend.

Sunstone Metals (STM) — Bramaderos scoping study delivers US$0.9 billion NPV Sunstone Metals has completed a scoping study for its Bramaderos Gold-Copper Project in Ecuador, outlining a 23-year open pit mine producing approximately 135,000 ounces of gold equivalent per year in its first eight years at an AISC of US$1,499 per ounce. Base case post-tax NPV sits at US$0.9 billion at US$3,500 per ounce gold — rising to US$1.9 billion at current spot prices around US$5,000. Capital requirement is approximately US$525 million, with a pre-feasibility study the next step.

MID-TIER

West African Resources (WAF) — The Burkina Faso government has formally decreed that state mining entity SOPAMIB will acquire a 25% stake in WAF’s Kiaka Gold Operations for approximately A$175 million. WAF intends to return the full proceeds to shareholders via a special dividend, targeted by end of calendar 2026. Sanbrado and Toega operations are unaffected. The company also flagged a record high cash position in its upcoming quarterly.

Mineral Resources (MIN) — MinRes has priced US$1.3 billion in senior unsecured notes across two tranches to refinance existing higher-cost debt. The transaction cuts the weighted average cost of debt from 8.4% to 7.4%, saving approximately A$48 million annually, while extending the debt maturity profile from 3.1 to 5.0 years.

Astral Resources (AAR) — Updated JORC resource at Mandilla Gold Project grows 22% to 1.74 million ounces at 1.0 g/t, including a maiden measured resource at the flagship Theia deposit. Group resources across three projects now sit at 2.07 million ounces. With gold prices roughly double PFS assumptions, the company is evaluating an underground mining option at Theia in its DFS.

Starpharma (SPL) — Received positive FDA feedback on its DEP HER2 radioligand therapy trial design, with the agency acknowledging significant unmet medical need and flagging potential Fast Track designation pathways. First-in-human European study of up to 15 patients remains on track for the second half of 2026, with site selection complete.

Xpedra Resources (XPD) — Binding agreement to acquire the Neeld Gold Project near West Wyalong NSW — a historically high-grade asset that produced around 439,000 ounces at an exceptional 41 g/t between 1894 and 1915. Only four holes have ever been drilled below 200 metres, all hitting gold. Pairs with Xpedra’s Springfield drilling program already underway.

Invictus Energy (IVZ) — Raised $10 million via placement at $0.06 per share to fund the Musuma-1 well in Zimbabwe, targeting 1.2 trillion cubic feet of gas and 73 million barrels of condensate. Seismic data shows a classic flat spot — a direct hydrocarbon indicator suggesting a gas-water contact. Drilling planned for the second half of 2026.

RAPID FIRE

* Peninsula Energy (PEN) — Voluntarily suspended from ASX trading pending an urgent Supreme Court of WA hearing on whether shares issued in February and subsequently sold without required disclosure are invalid. Court sits today.

* Ora Banda Mining (OBM) — Infill drilling at Golden Pole returned high-grade hits including 3 metres at 44 g/t gold. Updated resource and maiden underground reserve estimate due in the June quarter, potentially establishing Waihi as Ora Banda’s third underground mine.

* Aldoro Resources (ARN) — Latest drill hole at Kameelburg in Namibia returned 354 metres of continuous rare earth, strontium, niobium and molybdenum mineralisation ending in-hole. Updated resource estimate due within two weeks.

* Riedel Resources (RIE) — Acquiring approximately 1,000 square kilometres of gold exploration ground in WA’s Laverton district, backed by a $2.5 million placement. Drilling at Cosmo anticipated to commence July 2026.

* Solis Minerals (SLM) — Picked up a 93,000-hectare lithium project in Brazil’s Araçuaí Lithium Valley from a Rio Tinto subsidiary for just US$500,000, with two priority drill targets already identified.

* Great Divide Mining (GDM) — Hit commercial gold production at its Challenger Mine in NSW, processing historic tailings targeting 30 g/t concentrate grades. First shipment to a refiner expected within days.

* Anson Resources (ASN) — Lodged its final major permit application for a 10,000 tonne per annum lithium carbonate plant in Utah. Approval expected within 90 days, clearing the regulatory path for construction and financing.

* Global Lithium Resources (GL1) — Trading halt pending a strategic investment and divestment announcement. Details expected by 23 April.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

NXT — NEXTDC launches A$2.2bn capital plan backed by record 667MW contracted utilisation after 250MW AI-driven contract wins

NEXTDC has announced a 250MW surge in contracted utilisation at its S4 data centre in Western Sydney, lifting pro forma contracted utilisation 60% to 667MW since December 2025, driven by accelerating AI infrastructure demand. The company is launching a fully underwritten 1-for-5.4 pro-rata accelerated non-renounceable entitlement offer as part of a broader A$2.2bn capital plan, with approximately A$1.5bn to be invested through to end of FY27. The pro forma Forward Order Book rose 83% to 544MW, expected to generate contracted EBITDA in excess of A$1.0bn — more than four times the midpoint of FY26 EBITDA guidance of A$235m. La Caisse de dépôt is committing A$1.7bn to the hybrid instrument alone, underlining the scale of institutional conviction behind this raise.

PLY — PlaySide’s MOUSE: P.I. For Hire launches to 360,000 units sold and US$10.4M gross sales in opening weekend

PlaySide Studios has reported a highly successful global launch of its original IP game MOUSE: P.I. For Hire across Steam, PS5, Xbox Series X|S, and Nintendo Switch 2, selling an estimated 360,000 units and generating approximately US$10.4M in gross sales within the first few days. The title reached number two on Steam’s global best-selling paid chart on launch day and achieved an Overwhelmingly Positive 95% rating on Steam alongside an OpenCritic score of 83, placing it in the 90th percentile of all reviewed titles. Net revenue to PlaySide after platform fees is estimated at US$6.3M. This is a significant validation of PlaySide’s pivot from work-for-hire to self-published original IP — a commercial and critical double that doesn’t happen often.

LDX — Lumos Diagnostics scores FDA CLIA waiver for FebriDx, unlocking 80M patient US market and US$5.5M in milestone payments

Lumos Diagnostics received US FDA 510(k) clearance with CLIA waiver for its FebriDx rapid diagnostic test, expanding its US addressable market 15-fold to over 80 million patients annually across 300,000+ locations. The clearance triggered US$5.0M and US$0.5M milestone payments from PHASE Scientific and BARDA respectively, materially strengthening the balance sheet alongside a completed A$20M placement. Quarterly product revenue surged 243% on the prior corresponding period, so this is not just a regulatory story — there is already real commercial momentum that the CLIA waiver should now accelerate. WellStreet Urgent Care is expanding the FebriDx program from one site to 44 locations, with a potential rollout across its remaining 119 urgent care sites over the next six to twelve months.

NAB — NAB takes $706M credit charge and $1.35bn software write-down, launches discounted DRP to raise up to $1.8bn

National Australia Bank has announced significant balance sheet adjustments ahead of its first half 2026 results, including a $706M credit impairment charge driven by Middle East conflict risks and a $1.347bn pre-tax accelerated software amortisation charge to be reported as a Large Notable Item. To strengthen its capital position, NAB will apply a 1.5% discount to its dividend reinvestment plan and partially underwrite it, expected to raise up to $1.8bn and add up to 40 basis points to its CET1 ratio. Management says the pro forma CET1 will remain above 12%, but the scale of the charges signals meaningful macro headwinds in NAB’s book — and the discounted DRP will be dilutive for shareholders who don’t participate. Full half-year results are due 4 May 2026.

Mid-Tier Movers

PEX — Peel Mining has entered a binding Scheme of Arrangement with Aeris Resources covering its South Cobar Copper Project, while simultaneously demerging its remaining precious and base metal assets — including the high-grade Southern Nights Complex (10.0Mt at 8.2% ZnEq) — into a new ASX-listed company called Spectre Metals via in-specie distribution. Existing Peel shareholders get both a stake in the enlarged Aeris group and continued exploration upside through Spectre. Strong infill drilling results, including 24m at 138g/t Ag from 141m, underscore the quality of assets heading into the new vehicle.

4DX — 4DMedical has delivered a remarkable cluster of milestones in a single announcement: a commercial contract with GlaxoSmithKline for lung imaging analytics commencing 1 May 2026, UKCA certification in the UK, Health Canada clearance for its coronary calcium product, a new US Medicare reimbursement code worth US$15.50 per AI-enabled study, and inclusion in the S&P/ASX 200 Index effective today. ASX 200 inclusion alone will force index-tracking funds to buy the stock. This is a biotech story that has moved well beyond early-stage.

L1G — L1 Group has successfully completed the IPO of L1 Gold Fund Limited (ASX: LGF), raising $950M with trading expected to commence on 24 April. The closure of the predecessor L1 Wholesale Gold Fund generated a roughly $79M performance fee and a $13M one-off gain for L1G. With a 1% management fee and 20% performance fee on a $950M base, the earnings tailwind for L1G shareholders is substantial.

WOR — Worley has issued a profit warning, saying the Middle East conflict is causing project delays that will cut FY26 underlying EBITA by $30–40M, making it unlikely the company achieves EBITA growth this year on a constant currency basis. EBITA margin guidance of 9.0–9.5% is maintained and revenue growth is still expected, but this is a meaningful downgrade — and Qube flagged a similar headwind today, suggesting sector-wide exposure to the conflict’s ripple effects.

VEA — A fire in the Alkylation Unit at Viva Energy’s Geelong Refinery on 15 April has cut petrol output to approximately 60% of capacity and diesel and jet fuel to around 80%. No staff were injured and the company says customer supply is unaffected short-term, with production expected to be restored above 90% within a few weeks. Insurance covers property damage and business interruption — but with Australian fuel security already a hot-button political topic, this outage will attract close scrutiny.

MPK — Many Peaks Minerals has defined a maiden 1.323 million ounce gold resource at its Ferké project in Côte d’Ivoire at a discovery cost of just A$11.25 per ounce — exceptionally low by industry standards — with 83% of the resource in the high-confidence Measured and Indicated categories. A Pre-Feasibility Study is targeted for Q4 2026 and ongoing drilling is chasing extensions across a 37-kilometre gold corridor, so this resource could grow materially before any development decision.

MAY — Melbana Energy is set to regain 100% ownership of its Cuban Block 9 PSC after partner Sonangol defaulted on US$23.5M in cash calls and failed to remedy the breach — a significant ownership uplift achieved without paying a cent. New seismic data has clarified why the Amistad-2 well missed its target, and Amistad-1 is already producing around 20 barrels per day unassisted against a previously tested stabilised flow rate of 1,235 bopd.

VHM — VHM has terminated its offtake agreement with China’s Shenghe Resources to pursue Western-aligned buyers, and simultaneously upgraded its Goschen rare earths project to full permitted capacity of 5 million tonnes per annum from day one — scrapping the slower staged ramp. With all major regulatory approvals in hand, a Final Investment Decision targeted for mid-2026, and binding offtake deals expected in Q2 ahead of FID, VHM is compressing its timeline to production at a moment when Western rare earth supply is a geopolitical priority.

Rapid Fire

* MCE — Matrix Composites has agreed to a $0.40 per share all-cash takeover by Advanced Innergy Holdings — a 66.7% premium to its undisturbed price — with the Matrix board unanimously recommending shareholders vote in favour ahead of an expected July 2026 implementation.

* VUL — Vulcan Energy has signed a roughly €40M automation deal with Siemens AG, the final major supply agreement for its Lionheart lithium project in Germany, with construction already underway and a €2.2bn financing package secured.

* BGD — Barton Gold has hit bonanza gold grades at its Challenger open pit in South Australia — including 1 metre at 170.7 grams per tonne — from previously unmodelled mineralisation that could provide high-grade feed for a planned mill restart.

* NMR — Native Mineral Resources’ diamond drilling at Blackjack Mine in Queensland returned a best hit of 5.45 metres at 14.23 grams per tonne gold, including 0.62 metres at 98.93 grams per tonne — the highest grade ever recorded at the project — with mining and milling already underway.

* CAV — Carnavale Resources confirmed bonanza grades up to 53.8 grams per tonne gold at its Kookynie project with tight infill drilling, keeping a Bankable Feasibility Study on track for early Q3 2026.

* SRJ — SRJ Technologies’ UAE robotics subsidiary has won a US$4.4M three-year contract for robotic leak detection at a government-owned UAE oil and gas operator, with a two-year extension option providing potential for long-term recurring revenue.

* LM1 — Leeuwin Metals has been granted its mining lease at the Evanston deposit, meaning all 342,300 ounces across its Marda Gold Project now sit on granted mining leases — a key de-risking milestone clearing the path to development planning.

* EUR — The Greenland government has approved Critical Metals Corp taking full control of the Tanbreez rare earth mine — described as one of the world’s largest rare earth deposits — with European Lithium retaining a 7.5% minority stake.

* MVF — The Monash IVF board has unanimously rejected a revised $0.90 per share takeover approach from a Genesis Capital and Soul Patts consortium, calling it a substantial discount to comparable Australian IVF deal multiples. The door remains open to a higher bid.

* QUB — Qube Holdings has flagged a $13–25M FY26 earnings hit from Middle East conflict fuel costs and severe weather disruptions to agri and forestry exports, though it still expects underlying earnings growth for the year.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

WAF — West African Resources halted as Burkina Faso government moves to acquire additional 25% stake in Kiaka gold project

West African Resources has entered a trading halt after the Burkina Faso government published a decree relating to the potential acquisition of an additional 25% stake in Kiaka SA — the subsidiary that owns WAF’s recently constructed Kiaka gold project. This is a major sovereign risk event that could significantly dilute WAF’s economic interest in its flagship asset at the worst possible moment, right as the mine was transitioning into production. The halt runs until at least Tuesday 21 April. Investors will be watching closely for the full terms of any forced dilution and what compensation, if any, WAF receives.

IFL — Insignia Financial shares suspended as CC Capital Partners acquisition nears completion

Insignia Financial has been suspended from ASX trading at the close of Friday 17 April, following Federal Court approval of the scheme of arrangement. Daintree BidCo — the CC Capital Partners vehicle — will now take full ownership of one of Australia’s largest wealth management platforms. This wraps up a drawn-out acquisition process that began well over a year ago. A reminder that some of the biggest ASX stories end not with a bang but a quiet suspension notice on a Friday afternoon.

RXL — Rox Resources approves Final Investment Decision for Youanmi Gold Project, fully funded with A$350M debt facility

Rox Resources has approved the Final Investment Decision for its Youanmi Gold Project in Western Australia, backed by a A$350 million debt facility from a syndicate of Australian and international banks — no equity dilution required to get this mine built. Construction approvals are in hand, underground development at United North is tracking on schedule with 1,013 metres of total advance completed, and the main pit is approximately 90% dewatered. First gold pour is targeted for mid-2027, marking Rox’s transformation from explorer to producer — a milestone that typically re-rates a stock significantly.

PEN — Peninsula Energy files urgent court application over share sale disclosure failure, securities to be suspended from 21 April

Peninsula Energy has filed an urgent application with the Supreme Court of Western Australia seeking to validate share sales made between 12 February and 7 April 2026 that may have breached disclosure obligations. A full trading suspension kicks in from 21 April, with a court hearing scheduled for 22 April. If the court doesn’t grant the orders, the consequences for those transactions could be significant. Shareholders are effectively locked out over the long weekend — this is one to watch very carefully next week.

Mid-Tier Movers

ZIP — Zip Co delivered a record March quarter with cash EBTDA of $65.1 million — up 41.5% year-on-year — and upgraded full-year guidance to no less than $260 million, driven by US transaction volume growth of 43% in USD terms. Credit quality is holding firm with US net bad debts at 1.86% of TTV and expected to fall below 1.75% next quarter — the bears’ main concern continues to fade.

ENN — Elanor Investors has completed a $125 million recapitalisation with Rockworth Capital Partners — $70M in senior secured notes and $55M in subordinated notes — fully repaying existing debt and seeking ASX approval to resume trading in ENN securities. The Firmus Capital acquisition in Singapore is also progressing, with the sunset date extended to 31 May 2026 pending regulatory approvals.

PDN — Paladin Energy upgraded FY26 uranium production guidance by up to 9% at the midpoint — from 4.0–4.4 million pounds to 4.5–4.8 million pounds — on the back of better feed grades and strong recovery rates at Langer Heinrich. Capital expenditure guidance was also slashed from up to US$32M down to US$17M, meaning significantly more cash retained. A double positive for uranium investors.

A1G — African Gold has received Supreme Court approval for both its Share Scheme and Option Scheme with Montage. Schemes become legally effective on 20 April, with shareholders receiving consideration on 29 April when scheme shares transfer and options are cancelled with compensation.

PDI — Predictive Discovery has completed its merger with Robex Resources, issuing 2.17 billion new shares worth around A$2 billion to create a West African gold producer targeting over 400,000 ounces per year by 2029 from its Bankan and Kiniero projects. PDI will now trade on the Toronto Stock Exchange from Monday — dual-listed and with serious scale on the global gold stage.

AEL — Amplitude Energy has signed a binding 20 petajoule gas supply agreement with AGL — 5 PJ per year over four years from its East Coast Supply Project, with supply targeted for H2 2028. Securing AGL as a foundation customer is a major commercial validation, though the deal remains conditional on the current drilling campaign confirming minimum reserve levels.

SKS — SKS Technologies has expanded its Melbourne hyperscale data centre contract with Hickory from $130M to $210M after the facility grew from 90MW to 126MW capacity. Total work on hand now sits at $350 million — approximately 8x the June 2023 level — with FY26 guidance of $340M revenue and a 10% pre-tax margin reaffirmed. One of the quieter beneficiaries of the AI infrastructure boom.

HUM — The Takeovers Panel has affirmed unacceptable circumstances in the Humm Group control battle between founder Andrew Abercrombie’s TAG vehicle at $0.58 per share and Credit Corp at $0.72–$0.77 per share. No orders have been made yet — Humm shareholders remain in limbo as to which bidder, if either, will ultimately prevail.

Rapid Fire

* NZK — New Zealand King Salmon more than doubled its FY26 EBITDA guidance to $19M–$27M after lower-than-expected summer fish mortality — a significant operational turnaround.

* AKN — AuKing Mining is acquiring 100% of the Tundulu Rare Earths Project in Malawi — a 91.5 km² carbonatite complex with historic drill hits up to 41 metres at 3.7% TREO.

* IAG — The ACCC has escalated IAG’s proposed acquisition of RAC Insurance to a Phase 2 review over competition concerns in Western Australia, adding up to 90 business days of uncertainty to the deal.

* 5E — 5E Advanced Materials will delist from ASX on 28 May 2026, retaining its Nasdaq listing. CDI holders can sell on-market, convert to Nasdaq stock, or use the sale facility before the 26 May cutoff.

* KSM — K2 Asset Management is closing its ASX-listed small cap ETF KSM after finding it unviable. Investors can sell before 15 May or wait for wind-up redemption proceeds expected by 15 June.

* OCC — Orthocell completed the first Remplir nerve repair surgery in a US military hospital just two days after securing DoD and VA procurement approval — opening access to 221 hospitals across the defence and veterans network.

* AAI — Alcoa posted Q1 2026 net income of $425 million on higher aluminium prices, ending the quarter with $1.4 billion cash and redeeming $219 million in senior notes.

* QML — QMines has halted trading ahead of a strategic investment announcement to fast-track development of its Mt Chalmers copper-gold mine in Central Queensland. Details expected Tuesday.

* SLM — Solis Minerals has halted ahead of an announcement about acquiring a lithium project in Brazil’s Minas Gerais state. Details due by Tuesday.

* CPM — Cooper Metals has halted ahead of a dual acquisition and capital raising announcement — the combination suggests a meaningful strategic transaction being finalised over the long weekend.

* NRW — NRW Holdings’ Fredon subsidiary has won five electrical and mechanical contracts worth approximately $160 million, including a ~$110 million Commonwealth infrastructure project in Northern Australia.

* AI1 — Adisyn has halted trading ahead of a material update on its graphene deposition process — graphene is the company’s core technology focus. Details due Tuesday.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

VEA — Viva Energy halts trading after significant fire breaks out at Geelong Refinery

Viva Energy has requested an immediate trading halt after a significant fire broke out at its Geelong Refinery — one of Australia’s key fuel refining assets and a core part of Viva’s business. The halt runs until the company releases a formal update or until market open on Monday, 20 April. Any material damage could have significant operational and financial consequences, and with the refinery critical to Australia’s broader fuel supply chain, the implications could extend well beyond Viva’s bottom line. Watch for an announcement over the weekend — this could be a major market mover when trading resumes.

SVM — Sovereign Metals delivers landmark DFS for Kasiya, projecting US$2.2B NPV and world-leading rutile and graphite production

Sovereign Metals has released a Definitive Feasibility Study for its Kasiya Rutile-Graphite Project in Malawi, confirming a pre-tax NPV of US$2.2 billion, a 23% IRR, and annual EBITDA of US$476 million over a 25-year mine life. The numbers are staggering — 222,000 tonnes of rutile and 275,000 tonnes of natural flake graphite per year, positioning Sovereign as the world’s largest producer of both commodities simultaneously. The DFS was completed under Rio Tinto technical oversight, with the World Bank/IFC as potential co-lead arranger and non-binding offtake MOUs already covering more than half of Stage 1 rutile output. A genuine tier-one project announcement.

SLS — Solstice Minerals delivers standout copper-gold drill results at Nanadie, raises $32.6M to accelerate expansion

Solstice Minerals has delivered what it’s calling the best drill result in the history of the Nanadie project — 62 metres at 1.55% copper and 0.66 grams per tonne gold, with a high-grade sub-interval of 22 metres at 2.78% copper and 1.25 grams per tonne gold. The results extend mineralisation laterally, along strike, and at depth beyond the existing 40.4 million tonne Inferred Resource, and have triggered an accelerated Phase 2 drilling campaign combining RC and diamond drilling. A concurrent $32.6 million institutional placement brings the company’s cash position to $48.4 million — the funding is in place to move fast.

IFL — Federal Court approves $4.80/share takeover of Insignia Financial by CC Capital Partners

The Federal Court of Australia has approved the scheme of arrangement for CC Capital Partners to acquire all Insignia Financial shares at $4.80 cash per share. The scheme becomes legally effective on 17 April when court orders are lodged with ASIC, with ASX trading suspended from that date. Shareholders on the record date of 21 April will receive their cash payment on 28 April. This wraps up one of the more closely watched wealth management M&A deals on the ASX — a clean exit at a firm cash price.

Mid-Tier Movers

GMD — Genesis Minerals has posted a record quarter — 67,497 ounces of gold produced and record underlying cash of A$252.8 million — lifting its total cash balance to A$599.9 million with zero bank debt. The company is pushing its aspirational production target to ‘ASPIRE 500’ — 500,000 ounces annually — backed by the $639 million acquisition of Magnetic Resources, which is progressing toward June completion and will lift group milling capacity to potentially 8–9 million tonnes per annum.

OBM — Ora Banda Mining has had its best quarter ever: 38,766 ounces of gold, up 21% on the prior quarter, with $76.3 million in free cash flow lifting total cash to $231.7 million. A tenfold increase in the Round Dam Mineral Resource to 1.3 million ounces helped push group resources up 57% to 3.3 million ounces — a major exploration win alongside the production record.

MAU — Genesis Minerals is acquiring Magnetic Resources at A$2.00 per share — a 25% premium to the last close — in a deal valuing Magnetic at approximately $639 million via Scheme of Arrangement. The Magnetic board unanimously recommends the deal, major shareholders holding nearly 20% of shares are already committed, and completion is targeted for June 2026.

MM1 — Midas Minerals has announced an initial resource of 10.5 million tonnes at 1.6% copper and 21 grams per tonne silver at its T-13 deposit in Namibia — that’s 169,000 tonnes of copper and 7.1 million ounces of silver. The high-grade Main Zone grades out at 3.2% copper equivalent, starts at surface, and the system remains wide open. A $28 million placement has just been completed to fund the next phase of drilling.

29M — 29Metals has delivered a painful guidance cut. Mining at the Xantho Extended orebody has been pushed back to Q4 2026 due to additional geotechnical works addressing seismicity risks, slashing zinc production by 60–70%, gold by up to 50%, and silver by up to 33%. The company insists the extra work falls within existing cost and capex guidance, but with three metals hit hard, this is a significant negative for the year.

AMP — AMP has had a strong start to 2026 with Platforms net cashflows jumping 45% to $1.1 billion and a $150 million on-market share buyback now underway. The new GO deposit product has already hit $942 million in balances and full-year guidance has been upgraded to exceed $1.5 billion — solid momentum despite AUM declining due to market volatility.

SRZ — Stellar Resources crossed the 100,000 tonne contained tin milestone this quarter, with a 41% jump in the Queen Hill resource pushing total Heemskirk project resources to 88,100 tonnes contained tin. Diamond drilling at Severn is hitting a new mineralisation zone 60 metres below the existing model. An updated MRE is coming in Q2, the PFS is targeted for early Q3, and $11.7 million in cash is in hand.

NWL — Netwealth delivered $4.0 billion in net inflows for the March quarter, growing FUA 20.9% year-on-year to $125.8 billion despite a $3.7 billion market headwind. Managed Account FUM surged 30.4% to $27.9 billion and the individual HIN solution is on track for a July market release, targeting a $600 billion addressable market.

Rapid Fire

* PEN — Peninsula Energy has halted trading after discovering a February cleansing notice was legally defective — the company is heading to the Supreme Court of WA to validate share sales made before 7 April, creating real legal uncertainty for holders. Halt runs until 21 April.

* BDM — Burgundy Diamond Mines is seeking retrospective shareholder approval for $43.4 million in undisclosed short-term diamond financing deals it argued were non-material — the ASX clearly disagreed. Worth watching at the upcoming general meeting.

* WHC — Whitehaven Coal has priced US$900 million in senior secured notes at around 6.3% to refinance its acquisition debt, saving an estimated A$50–55 million per year in interest — a smart balance sheet move.

* RAD — Radiopharm has finished enrolling all 30 patients in its Phase 2b US brain metastases imaging trial, with interim data showing 90% concordance with MRI. Full data readout expected June 2026 ahead of a Phase 3 pivot.

* MNB — Minbos Resources is now fully funded to complete its Cabinda fertilizer plant in Angola after securing a US$5.48 million BFA loan, complementing the previously announced US$16 million IDC facility.

* XEN — Xenitra posted preliminary Q3 sales of $8.3 million — a 300%-plus surge on Q2 — driven by its Danone nutritionals partnership with Rockcheck Group, with two new higher-margin divisions launching in Q4.

* A1M — AIC Mines has now hit production guidance for eleven consecutive quarters at Eloise, generating $27.7 million in net mine cash flow in Q1 2026, with mineral resources growing 10% to 631,800 tonnes contained copper.

* BB1 — BlinkLab raised A$17.5 million in an oversubscribed placement to fund its pivotal FDA 510(k) trial for its autism diagnostic tool and launch a new US ADHD clinical program — two large neuro developmental markets in the crosshairs.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only

DUR — Duratec Ertech JV secures $281M Defence contract for HMAS Stirling submarine infrastructure upgrades

Duratec’s 50:50 joint venture with Ertech has been awarded a $281 million contract to upgrade infrastructure at HMAS Stirling in Western Australia, directly tied to the AUKUS partnership and Australia’s future submarine capability. Combined with a previously awarded $9.2M early works contract and ~$5M in long lead items, total project value reaches just under $300 million with a 24-month delivery window. This is exactly the kind of defence spending story retail investors should be watching as AUKUS commitments translate into real ASX earnings.

TLX — Telix raises US$600M in upsized convertible bond offering to refinance existing debt

Telix Pharmaceuticals priced a US$600 million convertible bond at 1.50% coupon due 2031 — upsized from US$550M on the back of strong global demand. The conversion price of US$13.85 per share represents a 37.5% premium to the reference price. Simultaneously, Telix is buying back more than 85% of its existing 2029 bonds, extending its debt maturity profile by two years and giving the company significant financial flexibility heading into key commercial milestones.

EVN — Evolution Mining achieves net cash position of $42M with strong quarterly cash flows and record mine performances

Evolution Mining generated $406M in Group cash flow for the March quarter, with cash on hand rising 42% to $1.37 billion. Production came in at 170,000 ounces at an AISC of $2,220 per ounce, keeping FY26 guidance intact and below original cost guidance. Record net mine cash flows at both Mungari ($175M) and Red Lake ($104M). With no debt repayments until FY29 and $1.9 billion in total liquidity, Evolution is one of the best-capitalised gold producers on the ASX right now.

STK — Strickland Metals delivers maiden 1.25Moz Indicated Resource at Shanac, growing total Rogozna project to 8.6Moz AuEq

Strickland Metals has established a maiden Indicated Resource of 1.25 million ounces at its Shanac deposit in Serbia, pushing the total Rogozna project to 8.6Moz AuEq across four deposits. The company is sitting on approximately $93 million in cash following a recent institutional placement. At 8.6 million ounces, Rogozna is starting to look like a genuine tier-one development project — and an Indicated Resource milestone is exactly the kind of de-risking event that attracts major mining company attention.

Mid-Tier Movers

LRV — Larvotto’s Hillgrove antimony-gold project remains on time and on budget, with commissioning targeted for August 2026 and first production in mid-2026. The federal government has legislated a Critical Minerals Stockpile with antimony among the first four priority commodities, and Larvotto is one of only two Australian companies positioned to supply it.

BOE — Boss Energy has cut FY26 uranium production guidance by roughly 10% to 1.40–1.45 million pounds, down from 1.6 million, after repeated rainfall events disrupted operations at Honeymoon in South Australia. Costs are tracking toward the upper end of guidance, though C1 cost guidance itself remains unchanged at $36–40 per pound.

ALK — Alkane Resources will join the S&P/ASX 200 Index on 22 April, replacing National Storage REIT following its Brookfield and GIC acquisition. Index inclusion typically triggers mandatory buying from ETFs and passive funds — a meaningful re-rating catalyst for ALK shareholders.

NUF — Nufarm reported underlying first-half EBITDA of $239–244 million, up approximately 17% on the prior year. Net debt reduced by $130 million and a new $50 million cost savings program announced under incoming CEO Rico Christensen. Positive trading momentum has continued into April.

VGN — Virgin Australia has kept its FY26 guidance intact despite jet fuel prices more than doubling since late February, thanks to strong hedging covering 92% of Brent crude exposure. RASK growth forecast upgraded to ~5% from 3–4% previously. Group liquidity stands at $1.5 billion with leverage below its own 1–2x target range.

SER — Strategic Energy Resources has executed a binding JV with Sumitomo Metal Mining for its Bulimba Gold Project in Queensland. Sumitomo can earn up to 90% through $6M in expenditure and 7,500m of drilling. SER stays free-carried through all earn-in stages and earns a 10% operator fee.

AVH — AVITA Medical’s Cohealyx bioscaffold cut average time to skin grafting from a 33-day real-world benchmark down to just 13.6 days across 40 patients — statistically significant at p<0.001. 90% investigator satisfaction including among first-time users. Full dataset expected later in 2026.

RGL — Riversgold has reported its best-ever drilling campaign at its Northern Zone project 25km east of Kalgoorlie, with standout results including 15 metres at 5.62 g/t gold and individual metre results hitting 71 g/t. Mining Lease conversion expected within weeks.

Rapid Fire

* WTM — Waratah Minerals hits 54m at 1.88 g/t Au at Spur Gold Project in NSW with 10 rigs still turning at the expanding Consols zone.

* EL8 — Elevate Uranium declares a maiden 10.1 million pound resource at Namib IV, lifting total Koppies Project to 76.2 million pounds U3O8.

* PYC — PYC Therapeutics clears its Safety Review Committee to advance PYC-001 into a Multiple Ascending Dose study after positive 60mcg safety data.

* OM1 — Omnia Metals pivots into US critical minerals, acquiring an antimony project directly adjacent to the only DOD-approved smelter in North America.

* MQR — Marquee Resources secures a patent licence from Oak Ridge National Laboratory for NEAREST REE separation technology — up to 6.7x better than conventional methods.

* IMM — Immutep receives FDA Orphan Drug Designation for efti in soft tissue sarcoma, unlocking potential seven years of market exclusivity upon approval.

* OCC — Orthocell gains access to 221 US military and VA hospitals for its Remplir nerve repair device, backed by real-world use in 23 procedures on soldiers in Ukraine.

* HZR — Hazer and KBR complete a standardised Process Design Package for a 30,000 tonne per annum hydrogen plant, enabling global commercial licensing.

* NHC — New Hope raises A$300M in convertible notes due 2032 to refinance 2029 debt, while flagging rising thermal coal prices and on-track FY26 production.

* XRF — XRF Scientific posts revenue up 13.8% to $15.8M for the March quarter with ~$1M in unprocessed orders rolling into June.

* RYM — Ryman Healthcare reports Q4 ORA sales up 10% year-on-year and FY26 free cash flow of approximately $180 million.

* DGL — DGL Group shares resume trading today after suspension lifted following lodgement of its December 2025 half-year report.

ASX Daily Digest · Not financial advice · Price-sensitive announcements only