Daily Roundup

Tamboran Resources marks a major milestone for Northern Territory energy with first gas sales from the Beetaloo Basin now flowing to the regional market. The company and its joint venture partner, Daly Waters Energy, have started delivering volumes from the Shenandoah South Pilot Project, with plans to ramp up to the full 40 terajoules per day contracted to the Northern Territory Government by early 2027. During the commissioning phase, the gas is being sold at a discounted price, reflecting the interruptible nature of supply as the project gets up to speed.

On the exploration front, First Au Limited is expanding its Western Australian gold footprint through the acquisition of the Sandstone Gold Project. The deal includes five tenements in the established Sandstone gold district, complete with a substantial historical RC drilling database covering the Harmonic and Creasy prospects. The acquisition structure sees First Au paying A$350,000 in cash upfront, A$400,000 in shares, plus A$150,000 in deferred consideration tied to achieving a JORC-compliant Mineral Resource within five years. The company plans to validate the historical data and work toward establishing a maiden resource estimate.

Synertec Corporation has landed a significant boost to its order book, securing a A$45.5 million engineering services contract with an Australian Government agency. The eight-year program will see the majority of work completed over the first 26 months, covering design development, detailed design, documentation, and construction support. Best of all for Synertec, the project won't require material capital expenditure. The company is currently assessing the contract's impact on its FY27 revenue guidance and will provide an update once certainty improves.

Capital management is on the agenda at Mader Group Limited, which has approved an on-market share buy-back program of up to A$30 million. The board believes this provides flexibility to acquire shares when the market price doesn't reflect underlying value, and it's a signal of confidence in the company's long-term prospects. The buy-back reflects Mader's strong balance sheet and cash generation, though it won't change the company's growth ambitions or investment strategy. The program is set to commence following the statutory notice period and will run for up to 12 months.

Bubs Australia is opening doors to the US market after securing permanent FDA approval for its infant formula products—Bubs Goat, Bubs 365 Day Grass Fed, and Bubs Essential. The approval puts Bubs among a select group of international manufacturers authorized to supply the US infant formula market, creating opportunities for product innovation and potential entry into the US private label segment.