Daily Roundup

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Develop Global and MLG Oz are moving forward with the Pioneer Dome lithium project in Western Australia, with the awarding of a major $70 million integrated mining and crushing contract. MLG will handle the full scope of work—from drill and blast through to ore and waste mining, load and haul, and the supply and operation of the crushing circuit. The 12-month campaign kicks off in July 2026, with mining operations expected to commence in August and crushing from September. Revenue from the contract is anticipated to flow through in FY27. The project remains on track for production in the December quarter, bolstered by recent high-grade lithium assay results that suggest potential for increased resource grades. An updated resource and grade control model is planned for the September quarter.

Collins Foods wrapped up a strong financial year with record results across the board. Revenue hit $1,592.6 million, up 8.6% from the prior year, while underlying net profit after tax climbed 13.0% to $61.4 million. The company's underlying EBITDA also grew 6.3% to $244.5 million, driven by solid performance in Australia and Europe. On the balance sheet front, Collins Foods reduced net debt to $119.6 million and generated strong cash flows that funded restaurant network expansion and technology investments. The board declared a fully franked final dividend of 15.0 cents per share, bringing the total dividend for the year to 28.0 cents. Looking ahead, the company is focused on growth opportunities, particularly in Germany and Australia, with plans to expand the KFC brand. Capital expenditure for FY27 is expected to sit between $80 million and $100 million.

Stakk Limited, an AI-native digital trust infrastructure provider, is hitting a major milestone with expectations of reporting its first operating profit for FY2026. The company anticipates revenue of approximately $13.55 million for the year, with a FY2027 revenue outlook of $21.8 million based on existing customer agreements. Stakk's annualized revenue run-rate has surged to $26.0 million, well above its initial target of $15.0 million, while maintaining impressive gross margins of approximately 85%—a testament to the scalability of its recurring revenue business model.

Lunnon Metals released encouraging results from its infill drilling program at the Hustler gold deposit in Western Australia's St Ives gold camp. The 36-hole reverse circulation drill program delivered significant gold intercepts, including 6.8 metres at 2.75 grams per tonne and 10.4 metres at 1.39 grams per tonne. Three diamond drill holes have also been completed for metallurgical test work, simulating processing at the nearby Lefroy Gold Plant. The company is updating the Mineral Resource estimation and working through open pit optimizations and permitting activities. A Scoping Study for both Hustler and the Lady Herial deposit is planned once the analysis is complete, with a focus on optimizing unit operating costs.