Daily Roundup

Acusensus secures another six months on NSW speed camera deal

Road safety technology company Acusensus Ltd has locked in a contract extension worth approximately $16 million for its mobile speed camera services with Transport for New South Wales. The six-month extension runs through June 2027, continuing work the company has been doing for the state. While this keeps the lights on, the real prize remains up for grabs—Acusensus is currently bidding for a longer-term contract with TfNSW, which could provide more substantial revenue stability down the track.

Lynas makes a major play in rare earths with Meteoric acquisition

In a significant consolidation move, Lynas Rare Earths has agreed to acquire Meteoric Resources in an all-share deal that's expected to close by March 2027. Under the scheme of arrangement, Meteoric shareholders will receive 0.0207 Lynas shares for each share they hold—representing a control premium of up to 68.4% based on recent trading prices. Post-acquisition, Meteoric shareholders will own roughly 5.9% of the combined entity.

The deal brings Lynas the Caldeira Rare Earth Project in Brazil, diversifying the company's resource base and expanding its footprint in the rare earths market. Lynas expects to spend over US$500 million developing Caldeira, and the acquisition is projected to be accretive to net asset value, mineral resources, and ore reserves. The Meteoric board has unanimously backed the scheme, with support from largest shareholder Tolga Kumova.

Transurban deepens its grip on Sydney tollways

Transurban Group is spending $4.5 billion to acquire additional stakes in three of Sydney's major toll roads from Canada Pension Plan Investment Board. The deal increases Transurban's ownership to 75% of NorthWestern Roads Group—which operates Westlink M7 and NorthConnex—and 60.5% of Sydney Transport Partners, which runs WestConnex.

The acquisition will be funded through committed debt facilities with no equity raising required, and Transurban expects the deal to be value accretive and boost free cash per security over the medium to long term. The outlook improves further with the M5 West now part of the WestConnex concession and the Western Harbour Tunnel opening soon.

Manuka Resources hits gold production milestone

Manuka Resources has received its first gold revenues from the restarted Wonawinta processing facility in NSW's Cobar Basin, marking a major operational milestone. The company has been consistently processing gold-bearing material from its Mt Boppy project over the past five weeks, achieving recovery rates of around 75%. Fortnightly shipments are now underway, with the next batch scheduled for mid-October.

Looking ahead, Manuka expects revenue streams in the range of A$3.0 to A$4.0 million per fortnight once operations are fully ramped up. The company is also installing new silver processing circuits to eventually transition to combined gold and silver production.

OMG Group turns a corner with first positive EBITDA

Consumer goods company OMG Group has achieved a significant milestone by posting its first positive quarterly EBITDA of approximately $61,500 in the three months to September 30. The result caps a strong quarter where net sales jumped 59% to around $1.92 million, driven by the company's diversified portfolio and multi-channel approach spanning retail, ecommerce, distribution, and food service.

The positive EBITDA reflects disciplined cost management and sustained investments in distribution, ecommerce, and product development—including expansion of its matcha platform. OMG is now focused on maintaining momentum through the financial year with further distribution expansion and growing ecommerce opportunities.