Daily Roundup

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Evolution Mining is making a bold move into copper expansion with its agreement to acquire Carnaby Resources for approximately A$213 million. The deal brings the advanced Greater Duchess Project into Evolution's fold, positioned right near its Ernest Henry Operations. The real prize here is the potential to add roughly 10,000 tonnes per annum of copper production—a significant boost to Evolution's copper portfolio.

Carnaby shareholders are getting a sweetener with this one. They'll receive 0.0682 Evolution shares for each Carnaby share they hold, valuing the deal at A$0.772 per share. That's a hefty 60.4% premium to Carnaby's last closing price of A$0.48, and the Carnaby board has unanimously backed the scheme. Beyond the upfront premium, shareholders gain exposure to Evolution's track record of consistent dividends and the de-risking that comes with being part of a larger, more established operator.

Over at Northern Star Resources, Elliott Associates and Elliott International have disclosed a significant long equity derivative position. The pair holds derivatives covering roughly 76 million shares with a reference price range between AU$17.37 and AU$31.66, having entered the position back in February. It's a notable stake that signals continued investor interest in the gold miner.

Acusensus is keeping the road safety momentum going in Queensland. The AI-enabled enforcement technology company has secured an extension to its mobile phone and seatbelt detection contract with the state's Department of Transport and Main Roads. The first of two possible twelve-month extensions has been exercised, pushing the contract through to November 2027 and bringing in approximately A$4.3 million in incremental revenue. The program has already proven its worth, delivering measurable reductions in unrestrained fatalities across Queensland roads.

Verbrec is painting an optimistic picture for the next two years. The engineering services firm has confirmed FY2026 revenue guidance of A$115 million to A$120 million—a 47% to 54% jump from the prior year—with EBITDA expected between A$15 million and A$15.5 million. Looking ahead to FY2027, the company is forecasting revenue of A$140 million to A$160 million and adjusted EBITDA of A$10 million to A$12 million. The growth trajectory reflects sustained demand across gas market transition, electrification, energy storage, and industrial automation, with the first full-year contribution from the Alliance Automation acquisition expected to drive synergies and margin improvements.

Finally, Vysarn Limited has hit the pause button on trading while it prepares a major announcement. The company has requested a trading halt effective from July 27 through July 29, pending news of a potential material acquisition and capital raising. Investors will be watching closely to see what the company has in the works.