Daily Roundup

DVP.ASX BSA.ASX PEX.ASX TER.ASX SKK.ASX

Develop Global has locked in a $70 million mining contract with MLG Oz for its Pioneer Dome lithium project, signaling the company's push toward production later this year. The integrated mining and crushing services deal is expected to kick off in July 2026, with mining operations commencing in August and crushing operations from September. The project remains fully funded through a $400 million financing package and an offtake agreement with Trafigura, positioning Pioneer Dome to deliver production and cashflow in the December quarter. Recent high-grade lithium drilling results suggest the resource grade could be increased further, with an updated resource model expected in the September quarter.

**

In the services sector, BSA Limited has secured a two-year extension of its Foxtel contract, cementing a partnership that's now stretched into its 33rd year. The extended agreement runs until October 2029, with two additional one-year options that could keep the relationship alive until 2031. BSA continues as Foxtel's exclusive national supplier for commercial project work, a position it's held since 1998. CEO Sasho Kacevski highlighted the strength of the strategic partnership, underscoring the durability of long-term client relationships in the sector.

**

Peel Mining has successfully completed the demerger of Spectre Metals, distributing Spectre shares to eligible Peel shareholders on a one-for-4.4591 basis. The move sets the stage for Aeris Resources to acquire 100% of Peel's shares, with that scheme expected to be implemented on 1 July 2026. Spectre shares won't appear in broker-sponsored accounts until the company completes its IPO and ASX listing, though ineligible foreign shareholders will have their Spectre shares sold by a sale agent following that listing.

**

Terracom has trimmed its FY2026 coal sales forecast to 1.45 million tonnes from the previously expected 1.52 million tonnes, citing a production blast delay that left insufficient coal for the final shipment before financial year-end. The deferred shipment is now expected to load in early July and will be recognized in FY2027 sales. The company's FY2027 planning remains unchanged pending Board approval.

**

Stakk Limited is celebrating a maiden profit for FY2026, with anticipated revenue of approximately $13.55 million. The AI-native Digital Trust infrastructure provider has also provided a FY2027 revenue outlook of $21.8 million based on existing customer agreements, assuming no additional customer wins. The company's annualized revenue run-rate has climbed to $26.0 million, well above its initial $15.0 million target, while maintaining gross margins of around 85% thanks to its scalable recurring revenue model.