Lindsay Australia (ASX: LAU)
Strengthening National Reach Through Key Acquisition and Operational Growth
Lindsay Australia Limited (ASX: LAU), a national transport and logistics company serving rural and temperature-controlled markets, is set to grow its footprint through the acquisition of SRT Logistics. The deal is valued at $108.2 million on a cash- and debt-free basis, comprising $57.2 million in cash and 46.5 million shares issued at $0.65 per share, equating to $30.2 million in equity. The transaction is expected to close by 30 June 2025. By adding SRT to its operations, Lindsay will significantly enhance its refrigerated transport presence across Tasmania and beyond. SRT is forecast to contribute $137.6 million in revenue and $14.6 million in EBIT for FY25, with the transaction expected to deliver an estimated 15% lift in earnings per share on a pro forma basis. The acquired company will become a fully owned subsidiary within the Lindsay Group.
In its latest trading update, Lindsay reaffirmed FY25 EBITDA guidance of $80.0 million to $82.5 million, excluding contributions from the pending acquisition. For the six months ending December 2024, the company recorded $435.7 million in revenue, supported by continued expansion in transport and rural services. Capital spending reached $22.2 million, directed toward growing its fleet and depot infrastructure. A 2.3 cent fully franked interim dividend was declared, up 9.5% from the previous year. Net leverage remained steady at 1.46x, within the preferred range. Recent achievements include integrating GJ Freight and launching operations in Victoria’s Goulburn Valley. With targeted investment in systems and supply chain capabilities, Lindsay continues to pursue long-term growth across Australia’s refrigerated logistics landscape.
Unico Silver (ASX: USL)
High-Grade Continuity and Q1 Progress Reinforce Development Potential
On 16 June 2025, Unico Silver Limited (ASX: USL) provided an operational update highlighting consistent high-grade silver-gold mineralisation across key prospects at its Cerro Leon Project. Recent drilling confirmed 26m at 255g/t Ag at Karina, 3m at 1839g/t Ag at depth, and 9m at 476g/t AgEq at Veta Clara, strengthening the outlook for deeper sulphide extensions. This follows the 13 June announcement, where Unico reported its highest silver intercept to date: 36m at 436g/t Ag from 1m, including 13m at 1024g/t Ag and 0.8g/t Au in hole PR008-25 at Marta Norte. The company completed 47 reverse circulation holes, totalling 4,203m, as part of its Phase 3 program supporting both PLUS 150 (shallow) and BEYOND 300 (deep) resource expansion strategies.
For the quarter ended 31 March 2025, Unico maintained a cash position of $6.8 million, with no debt. Exploration spending reached $1.58 million, matching total net cash outflows for operations. Overall, the company recorded $2.66 million in net cash used during the period. Drilling was focused across four key zones: Marta, Karina, Tranquilo, and Veta Clara. The company is also preparing JORC-compliant resource estimates for Cerro Leon (foreign estimate: 91.3Moz AgEq) and the Joaquin Project (73.4Moz AgEq), due in Q3 2025. Joaquin benefits from existing mining leases and historical environmental permitting. With back-to-back drilling success, secured tenure, and advancing studies, Unico is steadily positioning itself for development in Argentina’s prolific silver belt.
(Source: Company Announcements)
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