Daily Roundup

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Nanoveu Expands Drone Capabilities with Spinoff Robotics Acquisition

Nanoveu Ltd, a technology company specializing in advanced semiconductor and visualization solutions, has made a strategic move to expand its drone capabilities. The company has entered into a binding agreement to acquire Spinoff Robotics, a Singapore-based deep-tech company that develops proprietary drone platforms.

The acquisition will add two validated technologies to Nanoveu's portfolio - the ALICE tethered drone and the METRON sub-millimetre photogrammetry system. Importantly, it will also bring in-house engineering expertise to design and build next-generation drones. This acquisition is a significant step for Nanoveu as it continues to build solutions for major drone markets, including defence, surveillance, and critical infrastructure inspection.

By combining Nanoveu's edge AI silicon technology with Spinoff's aerial robotics expertise, the company will be able to engineer its SoC technology directly into the drone, unlocking better on-device intelligence and flight responsiveness. This will enable Nanoveu to target high-value applications that are currently constrained by conventional drone technologies.

Vicinity Centres Expands Sydney Footprint with Eastern Creek Quarter Acquisition

Vicinity Centres, a leading Australian retail property group, has announced the acquisition of the Eastern Creek Quarter (ECQ) retail asset in Western Sydney for $400 million. ECQ is a hybrid retail asset comprising an Outlet centre, traditional retail shopping centre, and large format retail, strategically located in the growing Western Sydney region.

The acquisition aligns with Vicinity's strategy to upweight its exposure to metropolitan Sydney and strengthen its existing network of Outlet centres. Vicinity sees opportunities to leverage its retail partnerships, property management, and development capabilities to drive enhanced performance and value growth at ECQ.

Ventia Secures Yarra Valley Water Contract Renewal

Ventia Services Group Ltd, a leading provider of essential services, has announced the renewal of its maintenance services contract with Yarra Valley Water. The $405 million, 9-year contract consolidates Ventia's existing service contracts, sewerage and water network reactive maintenance, and mechanical and electrical planned and reactive maintenance.

The new contract reinforces Ventia's position as a trusted delivery partner in essential services. Ventia has been delivering these services for Yarra Valley Water since 2015, and the renewed partnership will commence in October 2026.

Alkane Delivers Record Quarterly Results

Alkane Resources Ltd, an Australian gold and antimony producer, reported exceptional financial and operational results for the third quarter of fiscal year 2026. The company generated record revenues of $274 million, driven by gold equivalent sales of 43,373 ounces.

Alkane's three-mine portfolio, which includes the Tomingley, Costerfield, and Björkdal operations, delivered record production of 44,669 ounces of gold and 377 tonnes of antimony. This strong operational performance translated into record EBITDA of $161 million and free cash flow of $127 million.

Looking ahead, Alkane remains on track to meet its full-year 2026 guidance, with gold production expected to be in the range of 180,000 to 190,000 ounces and all-in sustaining costs of $2,800 to $3,000 per ounce of gold equivalent.

Clean TeQ Water Awarded Dewatering Contract at Rasp Mine

Clean TeQ Water, a provider of advanced water treatment solutions, has been awarded a contract by Broken Hill Operations Pty Ltd to deploy its proprietary ATA® rapid dewatering technology at the Rasp Mine in Broken Hill, New South Wales.

The Design and Construct contract covers the engineering, procurement, manufacture, supply, and installation of a new ATA® Tailings Dewatering Plant at the mine. Clean TeQ Water and Broken Hill Operations are also negotiating a long-term Polymer Supply Agreement, which would see Clean TeQ Water appointed as the supplier of the proprietary ATA® reagents.

The deployment of the ATA® technology will allow Broken Hill Operations to transition from conventional wet tailings storage to safer, filtered tailings disposal, enhancing the mine's tailings dewatering capacity and reducing operating and capital costs.