Daily Roundup

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Rapid Expands NSW Silver Footprint with Tooloom Acquisition

Rapid Critical Metals (ASX: RCM) has made a strategic move to expand its New South Wales silver portfolio, securing an 80% controlling interest in the Tooloom Silver Project. The 121 square kilometer project area covers a historical silver district with over 80 workings, located just 100 kilometers northeast of Rapid's existing Webbs Silver Project.

Rapid sees significant exploration upside at Tooloom, with historical drilling returning high-grade silver intercepts up to 294 g/t, and numerous untested surface samples grading as high as 1,660 g/t silver. The project also has potential for gold, copper and antimony mineralization. The company plans to immediately commence a comprehensive exploration program, including surveys and sampling, to refine drill targets and advance the project.

Predictive Discovery and Robex to Merge

In another notable development, Predictive Discovery (ASX: PDI) and Robex Resources (ASX: RXR, TSX-V: RBX) have announced the detailed timetable for their proposed merger. Under the arrangement, Robex shareholders will receive 7.862 PDI shares for each Robex share or CDI held. Following the merger, Robex securities will be delisted from the TSX Venture Exchange and ASX, while PDI will continue trading on the ASX with a planned listing on the Toronto Stock Exchange.

GR Engineering Secures $68M Northparkes Contract

GR Engineering Services (ASX: GNG) has been awarded a $68 million engineering, procurement and construction (EPC) contract for the Northparkes Coarse Particle Flotation Project in New South Wales. The project, owned by Evolution Mining's subsidiary Northparkes Mining Services, is expected to increase copper recovery and improve energy efficiency at the existing plant. GR Engineering's Brisbane team will execute the project, building on their recent successful completion of a large gold EPC contract.

Orora Flags Earnings Impact from Middle East Conflict

Packaging company Orora (ASX: ORA) has provided a trading update for fiscal year 2026, highlighting the impact of the ongoing Middle East conflict on its Saverglass business. The company now expects Saverglass EBIT to be approximately €52 million to €59 million, down from previous guidance of broadly in line with fiscal 2025. This reduction reflects both direct operational impacts at Orora's Ras al Khaimah facility, as well as indirect impacts from lower volumes and unfavorable product mix shifts. Orora plans to transition the Ras al Khaimah facility to a closed-loop 'hot' operation, with production shifting to Mexico.

Bendigo Bank Announces Strategic Partnerships

Bendigo and Adelaide Bank (ASX: BEN) has announced two new strategic partnerships as part of its Productivity Program. The bank has signed a seven-year technology services agreement with Infosys to enhance its IT capabilities, and a six-year business operations partnership with Genpact to drive greater productivity and support stronger risk management. These changes are expected to deliver annual expense benefits of $65 million to $75 million by fiscal 2028, but will also incur upfront transition costs of $85 million to $95 million, primarily in fiscal 2027.