Daily Roundup

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Killi Resources Makes Bold Move Into Iron Ore

Killi Resources has made a significant splash with its acquisition of the Lodestone Iron Ore Project in Western Australia's Mid-West region, marking a major strategic pivot for the company. The deal, funded by a $15 million share placement, gives Killi a strong cash position of approximately $18.5 million to push forward with development.

The Lodestone project is sitting on an inferred resource of 110 million tonnes at 33% mass recovery, grading an impressive 69% Fe in concentrate. What makes this particularly attractive is that the magnetite body is coarse crystalline, which means cheaper processing compared to other nearby operations. The project boasts 25 kilometers of iron ore mineralization with potential for significant resource growth—the current resource covers just about 20% of the known mineralization.

Location-wise, Killi couldn't have asked for better. The project sits roughly 200 kilometers from the Port of Geraldton and has direct access to grid power, road, and rail networks leading straight to the port. The company is fully funded through to the Prefeasibility Study and plans to conduct aggressive drilling campaigns over the next 12 months, aiming for multiple resource upgrades.

Adding credibility to the move, geologist Hamish Halliday has joined Killi's board as a Non-Executive Director. The company is clearly positioning itself to capitalize on the high-purity, high-value direct reduction magnetite market, riding the wave of the global shift toward green steel.

The acquisition announcement also came with some housekeeping—Killi's securities were reinstated to quotation after a brief trading suspension. The company had been in confidential negotiations over the deal while assay results from the Mt Rawdon West Project were pending. Those results came through on May 29, and the acquisition was finalized and announced on June 11.

Orpheus Uranium Expands South Australian Footprint

On the uranium front, Orpheus Uranium has significantly bolstered its position 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, expanding Orpheus' Marree Project into a more substantial district-scale operation.

The acquired tenure is contiguous with Orpheus' existing holdings and includes historical drilling data showing uranium anomalism with peak responses exceeding 450 parts per million equivalent uranium oxide. The transaction includes existing Native Title Mining Agreements, providing a clear pathway for future exploration work.

For Adavale Resources, the sale represents a strategic refocus. The company received $650,000 in cash plus 5 million Orpheus shares—roughly 1.4% of ORP's issued capital—allowing it to sharpen its focus on gold-copper assets within its Belt-Scale Parkes Thrust Project in New South Wales. Adavale retains uranium price exposure through its meaningful shareholding in Orpheus, giving it a window into the value creation happening in this proven uranium province, which sits just 90 kilometers from the Beverley and Four Mile uranium mines.

PC Gold Builds Out Spring Hill Operations

PC Gold has taken a pragmatic approach to supporting its Spring Hill Gold Project in the Northern Territory by acquiring the former Territory Iron camp at Pine Creek. The move, costing A$770,000 plus GST, includes 16 accommodation blocks, office facilities, and storage infrastructure located just 30 minutes by road from the project.

The acquisition is expected to significantly reduce development lead times and capital requirements. The camp will be refurbished during the second half of 2026 and will support ongoing exploration, feasibility, and development activities at Spring Hill.

Rent.com.au Hits Positive Cashflow Milestone

In the fintech space, Rent.com.au is firing on all cylinders. The company reported record RentBond volumes in May, marking the highest number of loans funded to date. 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 the current financial year.

Most importantly, Rent.com.au has now achieved its second consecutive quarter of positive operating cashflow, a significant milestone for the business. Recurring revenue now represents over 75% of Group revenue, exceeding the FY27 target of 70%. The company remains on track to double revenue by Q2 FY27 and achieve EBITDA positivity. A new referral partnership with Homely.com.au is now live and expected to contribute to RentBond volumes from June onwards.

CleanSpace Launches New Respiratory Protection Product

CleanSpace Holdings has unveiled CleanSpace AGILE, a patented, loose-fitting half facepiece Powered Air Purifying Respirator designed for high-dust industrial environments. The new product delivers 99.97% filtration efficiency with a lightweight design that prioritizes worker comfort.

The timing is significant—CleanSpace AGILE has already achieved EN 12941 (TH2) certification, enabling entry into the European market, which is the company's largest by revenue. The product 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 this key region. The product targets construction, mining, quarrying, and industrial sectors globally.