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Steady Growth and Funding Boosts for Australian Mining Companies

SDI Ltd, a leading Australian dental materials manufacturer, reported a solid trading update for the six months ending December 2025. Sales were up 3% in Australian dollars, though down 1.2% after adjusting for currency movements. The company saw strong growth in its Australian direct export markets, up nearly 12% in local currencies, offsetting continued weakness in amalgam sales, which fell 19%. Importantly, SDI's gross profit margins improved to 66.1%, reflecting ongoing production efficiencies and favorable exchange rates. The company expects net profit after tax for the half-year to be between $3.5 million and $4 million.

Elsewhere in the resources sector, SSH Group Ltd continues to strengthen its support for the recently executed Mining Agreement between its subsidiary SSH Mining Australia and High-Tech Metals Ltd (HTM). HTM has also signed a non-binding agreement with Wiluna Mining to assess potential toll treatment of ore from HTM's Mt Fisher Project, complementing the existing partnership with SSH.

Meteoric Resources NL received a significant boost for its flagship Caldeira Rare Earth Project in Brazil, securing a non-binding Letter of Support from Export Finance Australia for up to US$50 million in financing. This adds to the previously announced US$250 million letter of interest from the US Export-Import Bank, providing a solid foundation for funding the project's development using Australian contractors.

Solstice Minerals Ltd has restarted its reverse circulation drilling program at the Nanadie Copper-Gold Project in Western Australia, expanding the Phase 1 program to 6,300 meters based on positive geological observations from the initial 13 holes. The project hosts a shallow, large-scale mineral resource, and the company is aiming to build on the current deposit and increase drilling density.

Finally, Pacgold Ltd has commenced gold production and cash flow from its White Dam Gold Project in South Australia, with cyanide irrigation underway on the heap leach pad. The company expects to generate initial cash flow within the next 5-6 weeks, providing funding for further development and exploration activities across its portfolio.

Overall, these announcements highlight the continued momentum and growth in the Australian mining and resources sector, with companies securing funding, expanding operations, and positioning themselves for long-term success.