Daily Roundup

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Duratec Expands Capabilities with Pacific Welding Australia Acquisition

Duratec Limited has entered an agreement to acquire 100% of Pacific Welding Australia, a welding and fabrication company based in Newcastle, NSW. The $12 million deal will enhance Duratec's self-perform capabilities and service offerings in the Energy and Mining & Industrial sectors.

Established in 2010, Pacific Welding Australia specializes in project-based welding, mechanical services, and fabrication for clients across the Oil & Gas, Energy, and Mining industries. The acquisition provides Duratec a platform to accelerate its penetration into New South Wales and the Hunter region, positioning the business closer to key customers.

Fiducian Responds to ASX Price Query

Fiducian Group Ltd has responded to an ASX price query, stating that APRA's imposition of additional license conditions on its RSE Licensee subsidiary does not impact the company's ongoing operations or financial position. Fiducian confirmed it is complying with its continuous disclosure obligations and expects no material impact on its future earnings capabilities.

Northern Star Boosts Production Guidance, Manages Diesel Risks

Northern Star Resources has provided an upbeat production update, revising its FY26 guidance upwards to above 1.5 million ounces of gold sold. The company's new KCGM mill remains on track for early FY27 commissioning.

While Northern Star is not currently experiencing diesel fuel supply issues, the company is actively managing this key risk for the broader mining industry. The business will continue to monitor the situation and provide updates if there are any material changes.

Environmental Group Secures $9M Emissions Control Contract

Environmental Group Ltd's subsidiary TAPC has secured a A$9 million contract to design and supply an off-gas scrubbing system for the Longonjo Rare Earth Refinery Project in Angola. The system will control and treat process emissions, ensuring environmental compliance and supporting the project's ESG objectives.

This contract represents a commercially attractive entry into the growing critical minerals sector for EGL's Clean Air division, reinforcing the strong growth outlook for this business.

Microequities Asset Management Weathers Market Volatility

Microequities Asset Management Group Limited has provided a market update, noting a decline in Funds Under Management due to recent market volatility. However, the company remains strongly capitalized with a robust balance sheet and continues to generate free cash flow.

Microequities' experienced investment team is optimizing portfolios amid the current environment, which is creating attractive opportunities to acquire high-quality growth assets at discounted valuations. The company believes this will position its funds to outperform as market conditions stabilize.