Daily Roundup

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Vection Technologies is riding high on the back of a $2.3 million haul of new AI contracts spanning five sectors. Four of these deals are powered by the company's Algho AI platform, covering everything from healthcare analytics to luxury fashion and airport passenger assistance. The fifth contract, in the security space, marks a particularly sweet win—it's Vection's first recurring revenue contract in that segment, worth roughly $1.3 million in annual recurring revenue and fully recognized in FY26. The company expects to recognize about $2 million in FY26 with another $300,000 coming through in FY27, signaling solid momentum for its expanding AI business.

CleanSpace Holdings has cleared another regulatory hurdle with its AGILE respiratory protection device, securing certification to Australia and New Zealand standards (AS/NZS 17420.2:2021). This follows hot on the heels of the device's recent European certification, positioning CleanSpace for commercialization across major global markets. The AGILE is designed for workers in high-dust environments like mining, construction, and manufacturing—industries increasingly focused on worker health and safety.

Over in the resources space, Iluka Resources has locked in a major rare earths offtake agreement with a global automotive company, representing a significant validation of its supply credentials. The binding, multi-year deal kicks off in 2028 and runs for four years, covering approximately 10% of Iluka's planned production—roughly 1,200 tonnes of magnet rare earth oxides. The agreement guarantees minimum revenue of US$155 million over the contract period, though assuming industry forecast pricing, that figure could climb to US$172 million. It's a take-or-pay arrangement with pricing set at the higher of minimum and market-linked prices, balancing downside protection with supply security.

On the construction front, Iluka has also confirmed full access to its A$1.65 billion government-backed loan from Export Finance Australia for the Eneabba rare earths refinery. The company anticipates drawing down the first tranche of A$1.25 billion by the end of 2026, at which point the refinery should be 75% complete. Civmec has been awarded the contract for the remaining structural, mechanical, piping, electrical, and instrumentation works, with commissioning now scheduled for mid-2027. The capital estimate for the refinery remains pegged at A$1.7–1.8 billion.

Lycopodium has snagged a A$196 million EPCM contract for Resolute Mining's Doropo Gold Project in Côte d'Ivoire. The engineering, procurement, and construction management services cover a 4.9 million tonne per annum processing plant and associated infrastructure. The project is expected to have a mine life of roughly 13 years, and Lycopodium has already been involved through earlier study phases. The company will provide full FY27 guidance on 19 August.

Finally, Dexus has announced its half-year distribution, declaring 17.7 cents per security for the six months to 30 June 2026. The distribution is unfranked, with an ex-date of 29 June, record date of 30 June, and payment scheduled for 28 August. The real asset manager's full FY26 result announcement will include final details on the actual distribution.