The ASX Daily Friday, 29 May 2026

The ASX Daily Friday, 29 May 2026

Top Stories THL — thl receives revised NZ$3.10 per share cash takeover bid from BGH Capital-led consortium Tourism Holdings has received a revised non-binding indicative offer of NZ$3.10 per share in cash from a consortium of BGH Capital and the Trouchet family, who already own approximately 19.9% of thl. This is a bumped offer, signalling the acquirer is serious. The deal is conditional on due diligence, debt finalisation, BGH internal approval, and a unanimous board recommendation, with shareholders holding around 16% already expressing support for granting due diligence access. The Board is still assessing whether to engage — the revised NBIO expires 12 June if thl hasn’t responded. STG — Straker delays FY2026 results and faces trading suspension after US fraud discovery The Straker situation has escalated significantly. The company has confirmed a significant fraud involving a US-based employee and funds in its US subsidiary, Straker Translations Inc — and is now unable to release its audited FY2026 results by the 29 May deadline. Auditor BDO needs more time to assess the fraud’s impact before signing off, meaning Straker faces compulsory ASX trading suspension from 1 June 2026. The investor briefing scheduled for today has been cancelled. No dollar figure on the fraud has been disclosed yet — that number, when it comes, will be critical for anyone still holding this stock. AQD — AusQuest’s Cangallo copper-gold project delivers more large RC drill hits as major 5,000m diamond drilling program kicks off AusQuest wrapped up Stage 3 RC drilling at its Cangallo porphyry copper-gold project in Peru with standout results — 342 metres at 0.27% copper and 236 metres at 0.30% copper, with three of four holes ending in mineralisation confirming the system extends well beyond 400 metres depth. The company is now launching a plus-5,000 metre diamond drilling program targeting depths of up to 800 metres, chasing a potential high-grade hypogene copper core below current drilling. Porphyry copper systems of this scale attract major mining company attention — watch as the diamond program progresses. Mid-Tier Movers TBN — Tamboran Resources finalised its acquisition of Falcon Oil & Gas, becoming the dominant acreage holder in the Beetaloo Basin with approximately 2.8 million net prospective acres. The 2026 operating program is the most active yet — at least four wells to be drilled, five to be stimulated — and first gas sales from the Pilot Project remain on track for Q3 2026. AOF — Australian Unity Office Fund sold its final asset, 150 Charlotte Street Brisbane for $40 million, completing the full portfolio disposal. Units are suspended from 3 June and the fund delists 9 June 2026. Unitholders can expect aggregate returns of 37 to 38 cents per unit, with an initial compulsory redemption of 19-in-20 units expected before 30 June. SLC — Superloop finalised its $165 million acquisition of Lightning Broadband, adding over 56,000 secured lots across six states and roughly 16,000 active services to its FTTP network. Post-acquisition net debt sits at a comfortable 1.4 times EBITDA and the ACCC has already cleared the deal — Superloop is quietly building serious national fibre scale. GG8 — Gorilla Gold delivered more high-grade hits at the Sovereign Deposit in WA’s Comet Vale — 3.8 metres at 21 g/t and 2.1 metres at 24.8 g/t gold. The deposit hosts 410,000 ounces at 4.3 g/t with strike potentially extending beyond 2.5 kilometres, and five rigs are now turning at the North Kalgoorlie Hub. JDO — Judo Bank priced a $750 million SME loan securitisation — upsized from $500 million on strong demand — qualifying for regulatory capital relief and lifting pro forma CET1 from 12.6% to 13.2%. The deal is expected to deliver a 25 to 30 basis point uplift to FY27 return on equity, settling 4 June. AII — Almonty Industries is set to join both the Russell 1000 and Russell 3000 indices from 29 June 2026 following the annual reconstitution. With approximately $12.2 trillion benchmarked against Russell indexes, inclusion typically drives meaningful passive fund buying — a significant milestone for this Western world tungsten producer. Rapid Fire * CTT — Cettire is opening a flagship store on Alibaba’s TMall Global luxury platform targeting mainland China, adding to existing JD.com and cettire.cn channels — expected live in Q1 FY27 with no local inventory required. The company is also in a trading halt ahead of a separate material partnership announcement due before Tuesday’s open. * CCL — Cuscal completed its acquisition of New Zealand payments provider Paymark from Worldline, expecting mid-single digit EPS accretion and mid-teens return on invested capital in FY27. * MAU — Magnetic Resources set 3 June as the shareholder vote date for the Genesis Minerals acquisition scheme, with the Supreme Court of WA hearing set for 9 June — the deal is in its final stretch. * ELS — Elsight landed a US$2 million repeat order from a US public safety drone customer — more than four times the initial January purchase — validating its Halo platform in the fast-growing BVLOS market. * DXS — Dexus halted trading pending a Supreme Court of NSW judgment this morning — the nature of the proceedings hasn’t been disclosed but the outcome could be market-moving for this major property group. * EGR — EcoGraf confirmed its HFfree graphite purification process is cost-competitive across seven global locations, with a US facility modelling a pre-tax NPV of US$282 million at a 42% IRR on US$95 million capital. * AGY — Argosy Minerals hit 99% lithium chloride purity and 94.4% lithium recovery at its Rincon pilot plant in Argentina, de-risking the path to its 12,000 tonne per annum DFS. ASX Daily Digest · Not financial advice · Price-sensitive announcements only This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thelisteddigest.substack.com [https://thelisteddigest.substack.com?utm_medium=podcast&utm_campaign=CTA_1]

The ASX Daily Thursday, 28 May 2026

Top Stories MEU — Marmota hits spectacular high-grade gold assays up to 41 g/t at Greenewood discovery in South Australia Marmota’s Greenewood discovery in South Australia’s Gawler Craton is throwing up extraordinary numbers. Stage 2 detailed assays include hits of 41 g/t and 40 g/t gold, with the combined maiden program now delivering 6 intersections above 40 g/t, 18 above 20 g/t, and 119 above 5 g/t. Geologists are already drawing comparisons to the Challenger gold mine discovery in 1995, which went on to produce over a million ounces. Mineralisation is confirmed open along strike and at depth, and a Stage 3 drilling program targeting major extensions is already underway — newsflow from MEU should continue to build over coming weeks. GLN — Galan Lithium completes commissioning at HMW, first processed lithium brine delivered to final evaporation ponds Galan Lithium has hit a major operational milestone — wet plant commissioning at its Hombre Muerto West project in Argentina is complete, with processed lithium chloride now flowing into final evaporation ponds. Around 10,000 tonnes LCE of brine inventory is already stockpiled to support the production ramp-up, and lithium chloride concentrate ready for sale is expected in the second half of 2026. Phase 1 capacity is also being expanded from 4,000 to 5,200 tonnes LCE per annum, with the uplift targeted for H1 2027. For GLN shareholders, this is the producer transition they have been waiting for. FEG — Far East Gold receives unsolicited A$0.13 per share cash takeover bid from Hong Kong-based Xingye Gold Far East Gold has received an unsolicited off-market takeover bid from Xingye Gold at 13 cents per share — with zero prior discussions or engagement between the two parties. The FEG board is reviewing the offer with legal and financial advisers and has told shareholders to sit tight until a formal Target’s Statement and recommendation are released. Unsolicited bids like this often signal the acquirer sees significant value the market hasn’t fully priced in — watch this space for a potential counter-offer or revised bid. Mid-Tier Movers IVZ — Invictus Energy executed a full Petroleum Production Sharing Agreement with the Republic of Zimbabwe for its Cabora Bassa Project, replacing the previous framework from 2021. The agreement includes National Project Status, Special Economic Zone status, investment protections, and formalises participation of Zimbabwe’s Mutapa Investment Fund. With the legal and fiscal framework locked in, Invictus is advancing toward its high-impact Musuma-1 exploration well targeted to spud in H2 2026 — a genuine catalyst to watch. VUL — Vulcan Energy reached Financial Close on a massive €2.2 billion — roughly $3.9 billion Australian — financing package for its Lionheart lithium project in Germany’s Upper Rhine Valley. The project targets 24,000 tonnes per annum of lithium hydroxide alongside renewable energy co-products over a 30-year mine life — a landmark moment for Australian-listed green lithium. TOK — Tolu Minerals found two brand new high-grade gold vein systems near existing Tolukuma mine infrastructure in PNG — the Fundoot Splay returned 4.67 metres at 42.76 g/t gold. Underground mining has also restarted on the 1560 Level with face sampling exceeding 31 g/t, and these results are the opening act of a planned 75,000-metre near-mine drilling campaign. CCM — Cadoux’s premiumHPA high purity alumina passed a rigorous 24-month, 7-step qualification process within the EU-funded SAFELOOP EV battery development project — validating it meets exacting purity and thermal stability standards for battery separator coatings. This positions Cadoux as a credible commercial HPA supplier and creates a direct pathway to binding offtake agreements. TGH — Terragen Holdings landed its first large-scale commercial supply deal — 360,000 probiotic doses for Ravensworth Feedlot — plus a $2.8 million industry-funded trial across 10,000 head of cattle at Australia’s largest single-site beef feedlot. If KPIs are met, management says these agreements could drive up to a 50% increase in total sales relative to FY2026 levels. GHM — Golden Horse Minerals extended its Hopes Hill gold system to over 3 kilometres of strike after drilling confirmed mineralisation more than 1,000 metres north of a previous hole, with a standout result of 12 metres at 7.0 g/t gold from 278 metres depth. Four rigs are now turning on site with further results pending across all three zones. Rapid Fire * CRR — Critical Resources hit sulphide-class solid-state electrolyte performance — 3.2 mS per centimetre ionic conductivity — without using toxic sulphur, a potentially scalable breakthrough for defence and data centre battery applications, independently verified at South Dakota School of Mines. * DVP — Develop Global is targeting a Final Investment Decision next month for an 850,000-tonne DSO lithium operation at Pioneer Dome, with infill drilling exceeding the resource model and first sales potentially in the December 2026 quarter. * ACW — Actinogen received positive EMA scientific advice for its Xanamem Alzheimer’s drug, mirroring prior FDA guidance and giving the company a clear regulatory roadmap in both major global markets — topline Phase 2b/3 results expected November 2026. * GRX — GreenX Metals unveiled a massive exploration target at its German Tannenberg copper project — up to 3.9 million tonnes of copper and 188 million ounces of silver — with active drilling and seismic surveys now being planned. * PLY — PlaySide Studios is in a trading halt pending a material update on a major external contract. Direction of the news is unknown — watch for the release before Monday’s open. * CIA — Champion Iron is also in a trading halt pending a further announcement. Given CIA’s scale as an iron ore producer, this one is worth keeping on the radar. * UOS — United Overseas Australia announced the passing of co-founder and Chairman-MD Chong Soon Kong — Pak Lim Kong has been appointed interim leader and the company says operations remain stable. ASX Daily Digest · Not financial advice · Price-sensitive announcements only This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thelisteddigest.substack.com [https://thelisteddigest.substack.com?utm_medium=podcast&utm_campaign=CTA_1]

The ASX Daily Wednesday, 27 May 2026

Top Stories AA2 — Ariana Resources delivers blockbuster Dokwe PFS with post-tax NPV of US$740M and 92% IRR at US$4,250/oz gold Ariana Resources has delivered one of the most compelling junior gold project economics you will see on the ASX. The Pre-Feasibility Study for its 100%-owned Dokwe Gold Project in Zimbabwe returns a post-tax NPV of US$740 million — over A$1 billion — and a staggering 92% IRR at US$4,250 per ounce gold, with an approximate one-year payback from commissioning. The Ore Reserve has jumped 42% to 1.13 million ounces, supporting a 20-year mine life producing over one million ounces at a peak rate of 100,000 ounces per annum — all from a low pre-production capex of just US$164 million. The company is debt-free with A$53 million in cash and is targeting a Definitive Feasibility Study in Q1 2027. IG6 — IG6 signs binding JV with Italy’s Alkeemia to build a 10,000–15,000 t/y graphite processing hub in Porto Marghera, Europe International Graphite has signed a binding Joint Venture with Italian HF producer Alkeemia to build a 10,000 to 15,000 tonne per year graphite processing facility at Porto Marghera, Italy — a direct foothold in the European critical minerals supply chain. IG6 holds a 49% stake with a 50/50 profit share, while Alkeemia contributes the land, permits, infrastructure and operational workforce. Construction is targeted to begin Q3 2026 with first production expected in the second half of 2027. This is a significant strategic move for a small ASX explorer, plugging directly into European battery supply chain demand at a time when the EU is actively reducing dependence on Chinese graphite. STG — Straker confirms fraud at US subsidiary, investigation ongoing with law enforcement Straker Limited has confirmed that fraudulent transactions occurred involving bank accounts of its US subsidiary, Straker Translations Inc, and is cooperating with US law enforcement. This is the update the market was waiting for after last week’s trading halt — and critically, no financial impact or dollar amount has been disclosed. That lack of transparency will be deeply unsettling for shareholders who have no way to assess the materiality of the loss. Management says business operations are continuing as normal, but investors should watch closely for a follow-up announcement quantifying the damage. This kind of news can have a long tail. Mid-Tier Movers RCE — Recce Pharmaceuticals signed a term sheet for a 10-year exclusive licensing deal for its R327 Topical Gel across MENA markets including Saudi Arabia, GCC countries, Egypt, Algeria and Morocco, with milestone payments worth up to USD $3.5 million plus a 30% share of net selling price and a 6% royalty on net sales above USD $50 million per year. The definitive agreement is targeted for next quarter — while non-binding for now, this is meaningful commercial validation in a high-burden diabetic foot infection market of 84 million diabetes patients. SVM — Sovereign Metals confirmed the presence of high-value heavy rare earth minerals including Dysprosium, Terbium and Yttrium across four pits in the Kasiya DFS mine plan, with independent pricing suggesting a potential premium of up to US$16,000 to US$19,000 per tonne versus the current benchmark of around US$6,142 per tonne. Critically, the monazite may be recoverable from existing DFS tailings with no additional mining required — a potential third revenue stream alongside rutile and graphite that could be a material re-rating catalyst for what is already a US$2.2 billion pre-tax NPV project. MNB — Minbos Resources completed the final security agreement for its US$16 million IDC loan facility and submitted its first drawdown request for US$4.8 million to fund Phase 1 civil works and mobilise the Phase 2 construction contract for its Cabinda Phosphate Fertilizer Project in Angola. Combined with a previously announced BFA loan of US$5.48 million, remaining construction costs are now fully funded — this project is moving from development to reality. IVZ — Invictus Energy entered a trading halt pending a major update to its Petroleum Production Sharing Agreement with the Government of Zimbabwe, relating to its Cabora Bassa Basin assets which host the Mukuyu gas discovery. A PPSA update of this nature could be transformational — investors in IVZ should watch for the announcement before trading resumes on Friday 29 May. LU7 — Lithium Universe acquired an exclusive global licence for the University of Edinburgh’s patented Gold Copper Diamide Extraction process, which selectively recovers gold and copper from e-waste without high-temperature smelting. Gold content in e-waste can be up to 100 times richer than natural ore, with one tonne worth approximately US$46,320 at current prices. The acquisition complements LU7’s existing silver extraction technology from solar panel recycling, positioning the company as a broader critical and precious metals recycler. KNO — Knosys renewed its enterprise knowledge management contract with ANZ Bank for two years at a total value of $3.8 million — with the full amount paid upfront, providing a significant cash boost for a small-cap software company. The deal also involves integrating a new AI assistant into ANZ’s knowledge management portal, keeping Knosys relevant in the rapidly evolving enterprise AI space. Rapid Fire * PRX — Prodigy Gold’s Hyperion Scoping Study delivers a pre-tax NPV of A$107 million and a 63% IRR with just A$24 million upfront capex — a compelling result for a small Tanami North gold project targeting 260,000 ounces over four years. * KNI — Kuniko wrapped up Phase 1 drilling at Commonwealth-Silica Hill in NSW with spectacular results including 0.5 metres at 346.7 g/t gold equivalent — Phase 2 drilling kicks off in early July targeting step-out extensions and deeper high-grade zones. * BAS — Bass Oil secured a $3.5 million South Australian government grant to develop its Kiwi liquids-rich gas field, with 25% of funds advanced immediately — cornerstone funding for a field that previously flowed 4.1 million cubic feet of gas per day. * A3D — Aurora Labs upgraded its relationship with missile maker MBDA — €44 billion order backlog — from an MOU to a formal three-year Teaming Agreement for 3D-printed turbojet engine technology targeting European and Australian defence markets. * EMV — EMVision’s portable brain scanner passed a real-world aeromedical test with the Royal Flying Doctor Service across 13 patient transfers up to 371 kilometres from Adelaide, with the company also receiving its final $400,000 milestone payment from the Australian Stroke Alliance. * BDM — Burgundy Diamond’s Arctic Canadian subsidiary had its court-approved insolvency stay extended to July 28 with DIP financing approved — a formal sales process for the Ekati diamond mine is now underway. * E25 — Element 25 locked in long-term mining and haulage contracts with ReGroup for its Butcherbird Manganese Expansion Project, targeting 1.1 million tonnes per annum with commissioning on track for Q1 2027. ASX Daily Digest · Not financial advice · Price-sensitive announcements only This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thelisteddigest.substack.com [https://thelisteddigest.substack.com?utm_medium=podcast&utm_campaign=CTA_1]

The ASX Daily Tuesday, 26 May 2026

Top Stories BTR — Brightstar Resources approves Final Investment Decision for Goldfields Project, commencing construction of 1.5Mtpa Laverton gold plant targeting first gold in Q2 2027 Brightstar Resources has made its Final Investment Decision for the Goldfields Project in Western Australia, executing a $110 million EPC contract with GR Engineering Services to build a 1.5 million tonne per annum processing plant at Laverton. The project is fully funded via a A$193 million equity raising and US$120 million bond financing, with first gold production targeted for the June quarter 2027. At a pre-tax NPV of A$606 million, a 74% IRR, and approximately A$1.0 billion in forecast free cash flow over a six-year mine life producing around 75,000 ounces per year, this is a well-structured project moving from decision to dirt. ALX — Atlas Arteria board unanimously recommends shareholders REJECT IFM’s unsolicited takeover bid Atlas Arteria’s Independent Directors have lodged a formal Target’s Statement with ASIC, unanimously recommending securityholders reject IFM’s off-market takeover bid from Diamond Infraco 1 Pty Ltd. The board is telling shareholders to simply ignore all documents from IFM — effectively the strongest possible language in a target’s statement. Meanwhile IFM has confirmed the bid has cleared EU and US HSR regulatory hurdles, keeping the offer alive despite board opposition. This is shaping up as a classic hostile takeover battle, and with IFM already holding 34.48% of the register, the outcome will turn on whether remaining institutional holders side with the board or take the cash. STK — Strickland Metals boosts Gradina gold resource 50% to 1.8Moz, lifting total Rogozna project to 9.24Moz AuEq Strickland Metals has delivered a 50% resource increase at its Gradina Deposit in Serbia, lifting it to 1.8 million ounces of gold at 2.8 g/t. That pushes the total Rogozna Project to 9.24 million ounces of gold equivalent across four deposits — firmly Tier-1 territory. The deposit remains open in all directions with the company holding around $81 million in cash, and further drilling and resource growth look very likely ahead. Mid-Tier Movers GGP — Greatland Resources received both State and Commonwealth environmental approvals for its Havieron gold-copper project in Western Australia, clearing the final regulatory hurdle before a Final Investment Decision targeted this June quarter. Once in steady state, Havieron is expected to produce around 270,000 ounces of gold per year at lowest-quartile costs over a 17-year mine life — a genuinely significant project for the WA goldfields. AGR — Aguia Resources received its commercialisation licence from Brazil’s Ministry of Agriculture, allowing its Pampafos phosphate project to begin invoicing and selling product immediately. Plant commissioning kicked off on 22 May at 24 tonnes per hour with first truck deliveries expected by 1 June, and Pampafos is priced around 30% cheaper than imported MAP on a nutrient-adjusted basis — a meaningful competitive advantage at a time when Strait of Hormuz disruptions have elevated imported phosphate prices. BML — Boab Metals executed a $109 million EPC contract with GR Engineering for the Sorby Hills Silver-Lead Project in WA, with the scope involving relocating and refurbishing the DeGrussa processing facility. Commercial concentrate production remains on schedule for H2 2027 — and GR Engineering has now landed two major EPC contracts in a single day worth a combined $219 million. NSB — NeuroScientific Biopharmaceuticals reported an 80% clinical response rate — four out of five patients — treated with its StemSmart stem cell therapy for fistulising Crohn’s disease under the TGA Special Access Scheme, with no serious adverse events. A pivotal Phase 2 trial in Australia is being developed to commence in the second half of 2026, targeting a ~US$13 billion global market. VMM — Viridis Mining produced its first batch of Mixed Rare Earth Carbonate from its Colossus Demonstration Plant in Brazil — one of the largest semi-industrial ionic clay rare earth facilities outside China. The milestone opens the door to supplying product samples to offtake partners and validating DFS parameters, with commercial-scale production targeted for 2028. PHO — PhosCo cracked a significant metallurgical challenge at its Gasaat Phosphate Project in Tunisia, demonstrating a simple single-stage flotation circuit can produce commercial-grade concentrate up to 31.4% P2O5 — eliminating three previously required processing steps and materially cutting both capital and operating costs ahead of an updated Scoping Study due in Q3 2026. Rapid Fire * HIO — Hawsons Iron’s PFS update delivers a 37% NPV boost to AU$1.87 billion after replacing truck haulage with a conveyor system, saving $7.42 per tonne in operating costs and improving the IRR from 10.9% to 11.9%. * OSX — Osteopore won Hainan FDA approval to sell its 3D-printed bioresorbable orthopaedic implants at one of China’s top-ranked hospitals, with the first surgery scheduled for June 2026 — a fast-track entry point into a USD 2.5 billion Chinese orthopaedic market. * MGT — Magnetite Mines replaced its MD and launched a strategic reset, shifting toward phased development and critical minerals amid funding challenges and a slower-than-expected green steel transition. * SKN — Skin Elements filed a Takeovers Panel application alleging undisclosed associates hold over 20% of shares, seeking to adjourn an EGM scheduled for 2 June that could remove directors. * LEL — Lithium Energy is selling its Queensland graphite assets to M Battery Materials for $20 million, with plans to distribute the resulting MBM shares to its own shareholders once MBM lists on the ASX. * 5EA — 5E Advanced Materials delists from the ASX today, with CDIs suspended from close of trade — investors need to convert to Nasdaq-listed stock under ticker FEAM to retain exposure. * AGC — Australian Gold and Copper is in a trading halt pending announcement of a material acquisition and capital raise, with details expected before Thursday morning. ASX Daily Digest · Not financial advice · Price-sensitive announcements only This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thelisteddigest.substack.com [https://thelisteddigest.substack.com?utm_medium=podcast&utm_campaign=CTA_1]

The ASX Daily Monday, 25 May 2026

Top Stories ARU — Arafura Rare Earths secures $350 million institutional placement to fund Nolans construction Arafura Rare Earths has closed its two-tranche A$350 million institutional placement at $0.26 per share, with Hancock Prospecting anchoring the raise with an A$85 million commitment to take a roughly 17.5% post-placement stake. Combined with existing cornerstone investor commitments from EFA, GRMF and NRFC, pro forma cash hits approximately A$1.341 billion upon settlement — fully funding the equity component of the Nolans Project with construction targeting commencement around September 2026. A A$25 million Share Purchase Plan is also open for eligible retail shareholders at the same price. Tranche One settles 28 May, with Tranche Two subject to shareholder approval at an EGM on 2 July. Australia’s first integrated ore-to-oxide rare earths project is now fully funded and construction-ready. HAR — Haranga Resources delivers maiden JORC gold resource of 402koz at 5.1g/t at Lincoln Gold Project in California Haranga Resources has delivered a maiden JORC-compliant resource of 402,000 ounces of gold at an exceptional 5.1 g/t across two California deposits — Lincoln-Comet at 275,000 ounces at 5.7 g/t and Medean at 127,000 ounces at 4.1 g/t. This represents a 40.6% increase on the previous non-compliant historical estimate, and the project already has approximately $90 million in prior capital invested including an 880-metre underground decline, a 315,000 tonne per annum processing plant and key mining permits already in place. Management is now scoping a Rapid Restart pathway and targeting multi-million ounce scale through further drilling, with a South Spring Hill exploration target of 202,000 to 308,000 ounces identified for H2 2026 conversion. At 5.1 g/t, this is one of the highest-grade gold developers on the entire ASX. ALC — Alcidion secures 7-year, $35M UK NHS contract for its Miya Precision EPR platform Alcidion has signed a seven-year, $35 million contract with University Hospitals Sussex NHS Foundation Trust to deploy its Miya Precision Electronic Patient Record platform — extendable to $49 million over ten years. The company expects to book $8.5 million in revenue from this contract in FY26 alone, with implementation beginning immediately and phase one go-live targeted for June 2027. This is Alcidion’s third EPR platform contract in the UK and includes the first deployment of its virtual care module to a UK customer. Serving approximately one million people across seven hospitals with nearly 20,000 staff, UHSussex is a major reference customer in a large and sticky market. Mid-Tier Movers X2M — X2M Connect secured South Korea’s first AI-enabled integrated smart water meter manufacturing licence, targeting a replacement market of approximately one million units per year with a total addressable market of $1.3 billion in hardware. Two years of private contract access means water authorities can procure directly without a tender, and every unit connects to X2M’s SaaS platform generating up to $52 million in potential annual recurring revenue. BPT — Beach Energy agreed to sell its 60% operated interest in the Artisan gas discovery for $70 million upfront plus a production royalty worth approximately $140 million over the life of the field. The deal cancels the La Bella 2 development well and unlocks over $500 million in near-term capital for redeployment — a significant strategic pivot toward higher-return opportunities. NGS — Nutritional Growth Solutions is acquiring Sprout Organic, the maker of the world’s first FSANZ-approved 100% organic plant-based infant formula, for approximately A$8 million in scrip. The deal creates a paediatric nutrition platform spanning birth through to adolescence, with Sprout products already in 1,000-plus retail outlets including Chemist Warehouse and Woolworths Online, and a $2.5 million placement secured to fund integration. GBR — Great Boulder Resources hit up to 165 g/t gold in drilling outside its existing one-million-ounce resource at Side Well in WA, confirming a 2.5 kilometre continuous mineralised system linking the Mulga Bill and Eaglehawk deposits. The continuity raises the prospect of a single large open pit — a clear pathway to resource growth well beyond the current base. AUE — Aurum Resources received all three environmental approvals required under Ivorian law for its 3.22 million ounce Boundiali Gold Project — clearing the final mandatory legal hurdle before a formal mining licence can be granted. With a Pre-Feasibility Study due this quarter and $61 million cash in the bank, Aurum is moving quickly through the development pipeline. WCN — White Cliff Minerals confirmed copper mineralisation across a new 1.5 kilometre strike at its Rae Copper Project in Canada, over 5 kilometres from the original discovery, with intercepts including 15.24 metres at 1.51% copper. The total mineralised footprint now exceeds 5.4 kilometres, with around 10,000 metres of additional drilling planned through to end of July. Rapid Fire * AWJ — Auric Mining boosted its Munda Gold Resource by 32% to 192,000 ounces despite mining depletion, after the Starter Pit delivered gold production 46% above budget — a scoping study for combined open pit and processing plant development is now underway. * HMX — Hammer Metals kicked off its Kalman resource upgrade drilling in NW Queensland with a strong opening hole of 124 metres at 2.2% copper equivalent, with molybdenum and rhenium prices near all-time highs enhancing project economics. * LGP — Little Green Pharma’s acquisition of Cannatrek has been approved by the Federal Court and is legally effective, with scheme consideration due to be issued on 1 June — creating a larger combined medicinal cannabis operator. * KNB — Koonenberry Gold identified a third high-grade fault structure at its Enmore Project in NSW with rock chips returning up to 87 g/t gold over 700 metres of strike — drill approvals are being fast-tracked. * IXR — Ionic Rare Earths signed binding supply deals with US defence magnet maker Advanced Magnet Lab, which holds a US Defense Logistics Agency contract — a tangible step toward building a sovereign ex-China rare earth supply chain for Western defence markets. * FUL — Fulcrum Lithium drilled its thickest ever intersection of 147.9 metres at 507 parts per million lithium at Alkali Flats in Nevada, with the deposit now spanning over 32 square kilometres ahead of a maiden resource estimate. * NIC — Nickel Industries upgraded its Sampala Project resource to 1,095 million wet metric tonnes at 1.24% nickel — a more than 350% increase since September 2024 — making it one of the largest nickel laterite resources in the world. ASX Daily Digest · Not financial advice · Price-sensitive announcements only This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thelisteddigest.substack.com [https://thelisteddigest.substack.com?utm_medium=podcast&utm_campaign=CTA_1]