Daily Roundup

QOR.ASX MEK.ASX M7T.ASX PLS.ASX RKB.ASX

Qoria Merger Update and Strong Q1 Results

Qoria Limited (ASX: QOR) has provided an update on its proposed merger with Aura, including an enhanced equity placement and a revised leadership structure. Aura has secured binding commitments for an increased equity placement of US$100 million, up from the previously announced US$75 million, demonstrating strong conviction from existing shareholders.

The merger ratio remains unchanged, with Qoria's issued securities representing 35% of the issued securities in the combined group. The parties have also agreed on a leadership structure designed to maximize execution capability, global scale, and long-term value creation. Key appointments include Hari Ravichandran as CEO, Sujay Jaswa as Chairman of Aura, and Brian DeCenzo as CFO and President of Aura.

Qoria has also reported strong Q1 FY2026 results, with a record $7.6 million of ARR added, up 49% year-over-year. Qustodio ARR is growing at an annualized rate of 34%, while Aura delivered its largest quarter of ARR growth at $25.6 million, up 39% year-over-year. Qoria has reiterated its FY2026 guidance of over AU$145 million in revenue, 20% ARR growth, and an adjusted EBITDA margin of around 20%.

Meeka Metals Acquires Mt Holland South Gold Assets

Meeka Metals Ltd (ASX: MEK) has entered into a binding agreement to acquire various gold mining tenements surrounding the Mt Holland area in Western Australia. The 71km2 tenement package has historically produced ~1.2Moz of gold at 5.12g/t Au prior to 2001, with significant exploration potential as limited modern exploration has been conducted in the past 15 years. Meeka plans to commence an initial 20,000m of systematic drilling targeting these prospective areas.

Mach7 Technologies Reports Positive Q3 FY26 Cash Flow

Mach7 Technologies Limited (ASX: M7T) has reported positive operating cash flow in Q3 FY26 of A$1.2 million, a significant improvement on Q2 FY26. The company also reduced operating activity payments by 15% in constant currency compared to the prior corresponding period, reflecting lower staff and corporate costs. Mach7 has accelerated its partner program execution, securing new alliances and key reseller wins to expand its multi-cloud and international reach.

Pilbara Minerals Delivers Record Quarterly Results

Pilbara Minerals Ltd (ASX: PLS) reported a strong operational and financial performance in the March 2026 quarter, with record quarterly production of 232.4kt, a 61% increase in average realised price to US$1,867/t, and an 11% decrease in unit operating cost (FOB) to A$520/t. This resulted in a 178% increase in cash margin from operations to A$461 million. Pilbara Minerals also executed a multi-year offtake agreement with Canmax Technologies and strengthened its balance sheet with a US$600 million senior unsecured notes offering.

Rokeby Acquires High-Grade Omeo Gold Project

Rokeby Resources Limited (ASX: RKB) has announced the transformational acquisition of the high-grade Omeo Gold Project in Victoria, which hosts a historical mineral resource of 320,000 oz at 4.0 g/t Au. The project offers significant exploration upside and growth potential, with Rokeby planning to commence drilling at the Sunnyside deposit to upgrade the existing historical resource.