Daily Roundup

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Develop Global Secures $70m Mining Contract for Pioneer Dome Lithium Push

Develop Global has awarded a major $70 million integrated mining and crushing contract to MLG Oz Limited for its Pioneer Dome lithium project in Western Australia. The contract, set to kick off in July 2026, covers the full suite of mining operations—from drill and blast through to ore handling and crushing. MLG's Kalgoorlie base and proven lithium crushing experience made it the standout choice after a competitive tender process. The company is now firmly on track for production in the December quarter, with mobilization targeted for mid-July and mining operations commencing in August. High-grade lithium assays from recent drilling suggest there's real potential to boost the resource grade, with an updated resource model expected in the September quarter. Pioneer Dome is fully funded courtesy of a $400 million financing and offtake package with Trafigura, so the project has solid backing as it ramps up.

Collins Foods Delivers Record Year with Strong Dividend

Collins Foods wrapped up a stellar FY26, posting record revenue of $1,592.6 million—up 8.6% from the prior year—and underlying net profit after tax of $61.4 million, a 13% jump. The quick-service restaurant operator also managed to trim net debt to $119.6 million while maintaining impressive gross margins. The board declared a fully franked final dividend of 15.0 cents per share, bringing the full-year payout to 28.0 cents. The company's successful exit from Taco Bell allows it to sharpen its focus on KFC expansion, particularly in Germany and Australia where the board sees meaningful growth opportunities ahead. Capital expenditure is expected to land between $80 million and $100 million in FY27 as the company continues investing in its restaurant networks and technology.

BSA Locks in Long-Term Foxtel Partnership

BSA Limited has extended its Foxtel contract for another two years through October 2029, with the option to extend for an additional two one-year periods that could stretch the relationship to October 2031. The extension cements BSA's position as Foxtel's sole national supplier for commercial project work—a role the company has held since 1998. With this renewal, the two companies are now marking their 33rd year of partnership, underscoring the strength of their strategic collaboration.

Peel Mining Completes Spectre Metals Demerger

Peel Mining has successfully completed the demerger of Spectre Metals, distributing Spectre shares to eligible Peel shareholders on a one-for-4.4591 basis. Ineligible foreign shareholders will have their Spectre shares sold by a sale agent following Spectre's ASX listing. Meanwhile, the scheme of arrangement for Aeris Resources to acquire 100% of Peel shares is expected to close on 1 July 2026. Spectre shares won't show up in broker-sponsored accounts until after the company completes its IPO and ASX listing.

Stakk Hits Maiden Profit with Strong Revenue Growth

AI-native Digital Trust infrastructure provider Stakk is expecting to report its first operating profit for FY2026, with anticipated revenue of approximately $13.55 million. The company's annualized revenue run-rate has now hit $26.0 million, well above its initial $15.0 million target. Looking ahead to FY2027, Stakk is guiding for revenue of approximately $21.8 million based on existing customer agreements, assuming no additional customer wins. The company's impressive 85% gross margins highlight the scalability of its recurring revenue model.