Daily Roundup

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Technology One Caps Strong Half with Record Results and Dividend Boost

Technology One has delivered its 17th consecutive first-half record, cementing its position as a growth powerhouse in the software space. The company reported a profit before tax of $89.1 million, up 9%, while annual recurring revenue surged to $598 million, representing 17% growth. What's particularly impressive is the company's net revenue retention sitting at 114%, an industry-leading figure that speaks to strong customer satisfaction and expansion within existing accounts.

The momentum is being driven by Technology One's SaaS+ strategy and its newly launched AI products, which have exceeded internal expectations. The company reaffirmed its full-year FY26 guidance, targeting 18% to 20% profit growth and 16% to 18% ARR growth. Looking further ahead, management is eyeing $1 billion in ARR by FY30, a bold but achievable target given the current trajectory.

Investors got rewarded too, with the interim dividend increased by a hefty 21% to 8.0 cents per share. The company's balance sheet remains fortress-like, with no debt and significant cash holdings providing flexibility for future investments. Regional performance has been particularly strong, with APAC local government ARR jumping 27% and the UK market climbing 23% to $53 million.

Koonenberry Gold Expands NSW Footprint with High-Grade Acquisition

Koonenberry Gold has made a strategic move to strengthen its NSW exploration portfolio by acquiring the Gundagai Gold-Copper Project from Gilmore Minerals. The project boasts impressive rock chip results, including gold grades up to 386g/t Au and copper at 27.05%, signaling genuine exploration potential.

The acquisition brings four contiguous tenements into Koonenberry's fold, expanding its commanding ground position in the Lachlan Fold Belt. The project features multiple target domains, including the Johnstons Hill Gold Domain and the Big Ben & Princess Marina Gold Trends, providing a pipeline of drill-ready prospects. Beyond the acreage, the deal also brings an experienced exploration team to the company, enhancing its capacity to accelerate programs across its broader portfolio.

In related news, Koonenberry announced a leadership transition, with Managing Director Dan Power stepping down after four years. Paul Harris will assume the role of Executive Chairman while Darren Glover takes on Executive Technical Director responsibilities. The board believes this expanded executive involvement will position the company well for its next growth phase.

Corazon Mining Strikes Gold at Two Pools and Closes Major Acquisition

Corazon Mining has had a landmark week, starting with successful diamond drilling results at its Two Pools Gold Project in Western Australia. The maiden drilling program intersected gold mineralisation in all four holes, confirming a coherent orogenic gold structural architecture. The drilling has provided critical geological data to refine high-priority targets for follow-up reverse circulation drilling, with revised vein orientations now trending east-west.

Perhaps more significantly, a substantial pegmatite dyke approximately 25-40 metres thick was intersected and remains open in all directions, potentially acting as a fluid-focusing structure with mineral potential beyond gold. The company has also been granted Exploration Licence E52/4521, providing additional ground for systematic target generation.

But that's just the appetizer. Corazon has now acquired the Chalice Gold Project from Westgold Resources for approximately A$25.7 million. The acquisition includes an upfront cash payment of A$8.0 million, the issuance of 47.6 million shares giving Westgold a ~19.9% stake in Corazon, and A$11.0 million in deferred payments tied to anniversary and resource expansion milestones. The Chalice project hosts a JORC 2012 mineral resource of 191,000oz @ 2.7 g/t Au in Western Australia's Higginsville district.

Corazon plans to launch a 15,000-metre drilling campaign to extend known mineralisation and test new targets, with the acquisition expected to close in late June 2026 subject to shareholder approval. To fund the acquisition and operational needs, the company is raising approximately A$16.5 million through a placement. Trading in Corazon's securities has been reinstated following these major announcements.

Leadership Changes at Dotz Nano as Company Secures Growth Capital

Dotz Nano has announced a CEO transition with Sharon Malka stepping down for personal reasons and transitioning to a Non-Executive Director role. Nati Harpaz has been appointed as the new CEO, effective 31 May 2026. Harpaz, an existing shareholder with extensive experience scaling technology businesses, will focus on commercial strategy and execution.

The company has also secured A$3.3 million in commitments through a private placement to support its operational ramp-up, production scale-up, pilot deployments, and enhanced customer engagement. The placement will issue 82.1 million shares at A$0.04 per share, with each share carrying a free option exercisable at A$0.07 expiring two years from issue. Notably, incoming CEO Harpaz has invested further in the company, signaling confidence in its direction.

Invion Expands Photosoft Platform into Ophthalmology

Invion has entered into a collaboration with SANGMYUNG Innovation to evaluate its Photosoft platform technology for treating retinal vascular diseases, including wet age-related macular degeneration (wet AMD). SANGMYUNG will fund and conduct preclinical studies using Invion's Photosoft compounds, while Invion retains all rights to the technology. This marks Invion's first foray into the ophthalmology sector, targeting a significant unmet need in wet AMD treatment—a leading cause of blindness. The global wet AMD market is substantial and growing, driven by an aging population and demand for new therapies.