Daily Roundup

Tamboran Resources marks a major milestone for Northern Territory energy as the company has started delivering gas from the Beetaloo Basin to the local market. Working alongside joint venture partner Daly Waters Energy, Tamboran has begun sales from the Shenandoah South Pilot Project, bringing affordable and secure energy to the region. The company is contracted to ramp up to full capacity of 40 terajoules per day by early 2027 under a long-term agreement with the Northern Territory Government. During the current commissioning phase, volumes are being sold at a discounted price, reflecting the interruptible nature of supply at this stage.

In the gold exploration space, First Au Limited has expanded its Western Australian portfolio with the acquisition of the Sandstone Gold Project. The deal brings five tenements in the established Sandstone gold district, along with a substantial historical RC drilling database covering the Harmonic and Creasy prospects. The acquisition structure is creative—First Au is paying A$350,000 in cash upfront, issuing A$400,000 in shares, with an additional A$150,000 in deferred consideration tied to achieving a JORC-compliant Mineral Resource within five years. The company plans to validate the historical drilling data and work toward establishing a maiden resource estimate.

Synertec Corporation has landed a significant government contract worth $45.5 million, providing solid revenue visibility through to 2035. The engineering services contract spans eight years, with the bulk of work concentrated in the first 26 months. The deal covers design development, detailed design, documentation, and construction support for an Australian Government agency. Best of all for Synertec, the project won't require material capital expenditure. The company is currently assessing how this contract will impact its FY27 revenue guidance and plans to provide an update once there's sufficient certainty.

Mader Group is returning capital to shareholders through a $30 million on-market share buy-back program. The Board's decision reflects confidence in the company's long-term growth prospects and its strong balance sheet. The buy-back will give Mader flexibility to acquire shares when the Board believes the market price doesn't reflect the underlying business value. Importantly, this capital allocation move doesn't signal any change to the company's growth ambitions or investment strategy—Mader remains committed to pursuing high-return organic opportunities and suitable acquisitions as they emerge.

Bubs Australia has secured permanent FDA approval for its infant formula range, opening doors to the US market. The approval covers Bubs Goat, Bubs 365 Day Grass Fed, and Bubs Essential, confirming the company's compliance with US safety, nutritional, and quality standards. This puts Bubs among a select group of international manufacturers authorized to supply infant formula in the United States. Beyond market access, the approval creates opportunities for product innovation and potential entry into the US private label segment.