Daily Roundup

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Killi Resources Makes Major Iron Ore Play in Western Australia

Killi Resources has made a significant move into iron ore with the acquisition of the Lodestone Iron Ore Project in Western Australia's Mid-West region. The project sits in a prime location roughly 200 kilometers from the Port of Geraldton, with direct access to grid power, road, and rail networks—a major advantage for future development.

What makes Lodestone particularly attractive is the quality of the ore itself. The project boasts high-purity magnetite concentrate grading 69% Fe, with an inferred resource of 110 million tonnes at 33% mass recovery. The mineralization stretches across 25 kilometers, and here's the kicker: the current resource only covers about 20% of the known magnetite body, suggesting substantial room for growth.

The coarse crystalline nature of the magnetite also means cheaper processing compared to other nearby operations—a meaningful cost advantage in a competitive market. Killi is fully funded through to the Prefeasibility Study and plans aggressive drilling campaigns to expand the resource over the next 12 months.

The company backed the acquisition with a $15 million share placement, leaving it with approximately $18.5 million in cash. Adding to the momentum, geologist Hamish Halliday has joined Killi's board as a Non-Executive Director, bringing substantial industry experience to the table.

Killi is positioning itself to capitalize on the growing demand for high-purity, direct reduction magnetite driven by the global shift toward green steel—a tailwind that could prove significant as the industry transitions.

Orpheus Uranium Expands in South Australia's Proven Uranium District

On the uranium front, Orpheus Uranium has expanded its footprint in South Australia's Lake Eyre Basin by acquiring seven exploration licenses from Adavale Resources. The deal covers approximately 2,513 square kilometers in the Northern Flinders Ranges, directly adjacent to Orpheus' existing Marree Project.

The acquired tenure includes historical drilling data showing uranium anomalism, with peak responses exceeding 450 parts per million equivalent uranium oxide. While the current data represents early-stage work, it provides a solid foundation for Orpheus to apply modern exploration techniques and unlock value from historical datasets.

The transaction includes existing Native Title Mining Agreements, clearing a pathway for future exploration activities. For Adavale, the sale represents a strategic pivot—the company received $650,000 in cash and 5 million Orpheus shares (roughly 1.4% of ORP's issued capital), allowing it to sharpen its focus on gold-copper assets in New South Wales' Parkes Project. Adavale retains uranium price exposure through its meaningful shareholding in Orpheus, positioning it to benefit if the company strikes it big.

PC Gold Secures Camp Infrastructure Near Spring Hill

PC Gold has taken a practical step toward developing its Spring Hill Gold Project by acquiring the former Territory Iron camp at Pine Creek in Australia's Northern Territory. Located just 30 minutes by road from the project, the camp includes 16 accommodation blocks, office facilities, and storage infrastructure—all for A$770,000 plus GST.

The move is strategically smart. By acquiring existing infrastructure rather than building from scratch, PC Gold expects to significantly reduce both development lead times and capital requirements. The company plans to refurbish the camp during the second half of 2026, positioning it to support exploration, feasibility, and development activities at Spring Hill.

Rent.com.au Hits Positive Cashflow Milestone

In the property tech space, Rent.com.au is firing on all cylinders. The company reported record RentBond volumes in May—the highest number of loans funded to date—while achieving positive operating cashflow for the second consecutive quarter.

The momentum is building. April and May results show accelerating revenue growth and EBITDA improvement compared to the same periods last year and Q3 of this financial year. Recurring revenue now accounts for over 75% of group revenue, already exceeding the FY27 target of 70%.

Rent.com.au remains on track to hit its 2027 targets of doubling revenue by Q2 FY27 and achieving EBITDA positivity. A new referral partnership with Homely.com.au went live recently and is expected to contribute to RentBond volumes from June onward. The company is well capitalized and positioned for another positive cashflow quarter.

CleanSpace Holdings Launches New Respirator with European Certification

CleanSpace Holdings has unveiled CleanSpace AGILE, a patented loose-fitting half facepiece Powered Air Purifying Respirator designed for high-dust industrial environments. The device delivers 99.97% filtration efficiency while offering superior comfort and a lightweight design—a meaningful combination for workers in demanding conditions.

The product has already achieved EN 12941 (TH2) certification, opening doors to the European market, which represents the company's largest revenue source. CleanSpace AGILE is now available through authorized distribution partners across the UK and Europe. Australian and New Zealand approvals are expected in the coming months, which should broaden the company's addressable market in these key regions.

The launch represents a significant R&D milestone for CleanSpace, targeting a large and growing global market spanning construction, mining, quarrying, and industrial sectors.