Daily Roundup

XRF.ASX 8CO.ASX DDR.ASX FEX.ASX DVP.ASX

XRF Scientific Acquires Combustion Gas Analysis Business

XRF Scientific has made a strategic move, acquiring Bruker's Combustion Gas Analysis (CGA) business. This range of analytical instruments for elemental analysis will expand XRF's product portfolio and provide access to new industries beyond mining, including nuclear, metals, and manufacturing.

The CGA business generated $5.3 million in revenue last year and has a strong customer base. Under the agreement, XRF will take over product names like the 'G4 Icarus' and transfer production to its Perth facility. Key sales and technical staff will also join the XRF team.

This acquisition is an exciting opportunity for XRF to drive further growth. The company looks forward to supporting the existing CGA customers and leveraging the expanded capabilities to deliver more value to its clients worldwide.

8COMMON Ltd Reports Q3 FY26 Results

8COMMON Ltd has delivered a solid quarterly performance, with SaaS revenue up 7% to $1.2 million compared to the previous corresponding period. The company secured new contract wins with government agencies like the Aged Care Quality and Safety Commission and the National Environmental Protection Agency.

8COMMON's annualized recurring revenue reached around $5.1 million, and the user base grew to 195,000. With a focus on cost management, the company is on track to close the full year EBITDA positive and generating strong positive operational cash flow.

CEO Andrew Bond is pleased with the operational execution, noting the high-value contract wins and steady user growth. 8COMMON is well-positioned to continue its positive momentum in the quarters ahead.

Dicker Data Announces Executive Remuneration Changes

Dicker Data is making some key changes to its executive remuneration structure. Fiona Brown has been appointed as the new Managing Director, responsible for driving the company's strategic growth.

The company is also introducing a deferred short-term incentive (STI) for its existing executive directors. 30% of their STI will now be deferred into share rights, vesting over one and two years. This aligns the executives' interests more closely with shareholders and provides greater accountability.

Shareholder approval will be required for the equity-based long-term incentive (LTI) and deferred STI components. Dicker Data is committed to transparency and good corporate governance in implementing these remuneration changes.

Fenix Delivers Strong Q3 FY26 Performance

Fenix Resources has reported a standout quarter, shipping 974,000 wet metric tons of iron ore despite the impacts of Tropical Cyclone Narelle. The company maintained its C1 cash costs at the bottom end of guidance, at A$70 per wet metric ton.

Fenix's cash position grew to A$86.3 million, up from A$78.9 million in the prior quarter. The company's hedge book remains strong, with over 1.3 million tons of iron ore hedged through to mid-2027.

The Beebyn-Hub development is progressing well, with a new 5 million ton per annum crushing plant under construction. Fenix's FY26 guidance for total iron ore sales of 4.2 to 4.8 million tons at a C1 cash cost of A$70 to A$80 per wet metric ton remains unchanged.

Develop Global Declares Commercial Production at Woodlawn Copper Mine

Develop Global Limited has reached a significant milestone, declaring commercial production at its Woodlawn copper mine. The operation has met and exceeded targets, with mining and processing rates successfully stress-tested above nameplate capacity.

In parallel, Develop's Sulphur Springs copper-silver-zinc project is rapidly advancing, with the underground decline well ahead of schedule. The company is on track for a final investment decision in the current quarter, with strong interest from third parties for project financing and offtake.

Develop is also preparing for a direct shipping ore operation at its Pioneer Dome lithium project, capitalizing on the resurgent lithium market conditions. The company's growing mining services division continues to secure new opportunities, with a A$2.5 billion pipeline of tenders and negotiations underway.

Develop Global is poised for rapid growth as its three mining projects progress, with Woodlawn now in commercial production, Sulphur Springs nearing a final investment decision, and Pioneer Dome positioning to take advantage of the lithium boom.