The ASX Daily Thursday, 14 May 2026

Top StoriesMP1 — Megaport secures $254M in AI infrastructure contracts via Latitude.sh across two US tech customersMegaport’s subsidiary Latitude.sh has landed AUD$254 million in total contract value from two US-based AI companies, covering GPU, CPU, network and storage infrastructure — a transformational win for the company. The contracts generate AUD$90.6 million in annual recurring revenue and require AUD$140.3 million in capex, primarily NVIDIA hardware, with roughly a two-year payback period funded via existing cash and a newly upsized AUD$150 million debt facility. Full ARR run-rate is expected by end of H1 FY27 and FY26 guidance is unchanged — but this deal fundamentally re-rates Megaport’s growth outlook at exactly the right moment in the AI infrastructure boom.SPG — SPC Global launches heavily discounted $100M equity raise to slash debt and reset balance sheetSPC Global — the company behind iconic Australian brands including SPC canned goods — is raising approximately $100 million through a placement and pro rata renounceable entitlement offer, both priced at just $0.10 per share. That is a brutal 71% discount to the last traded price of $0.345. The raise is primarily a balance sheet rescue, designed to cut net leverage from 3.9 times down to approximately 1.1 times and reduce annual interest expense from $15 million to roughly $4.5 to $5 million. Existing retail shareholders face significant dilution — this is not a growth raise and investors should understand the scale of what is happening to their holdings.FLG — Flagship Minerals defines transformational 2.1 million ounce gold resource at Isidora Norte in ChileFlagship Minerals has delivered a JORC-compliant Mineral Resource Estimate of 2.1 million ounces of gold at its Isidora Norte deposit in northern Chile — 115.2 million tonnes at 0.56 g/t, with over 91% in the higher-confidence Measured and Indicated categories. Critically, 40% of the resource is oxide or mixed material amenable to lower-cost heap leach processing. The resource was estimated using a gold price of approximately US$3,646 per ounce — roughly 30% below current spot — meaning the economics only get better at today’s prices, and the deposit remains open in multiple directions with further drilling planned.Mid-Tier MoversPEN — Peninsula Energy secured a US$56 million funding package — A$21.8 million institutional placement, A$14.2 million entitlement offer, and a US$30 million convertible note from major shareholder Washington H. Soul Pattinson — to fast-track expansion of its Lance Uranium Project in Wyoming. Funds develop Mine Units 5 and 6 and repay existing debt, with production guidance for CY2026 and CY2027 unchanged. Soul Patts’ firm participation alongside a full underwrite signals strong strategic confidence.CNB — Carnaby Resources made a significant new copper-gold discovery at its Trek 1 Footwall Lode in Queensland’s Greater Duchess Project — 19 metres at 7.1% copper equivalent including 4.4% copper and 3.1 g/t gold from 256 metres depth. The lode sits entirely outside the existing Mineral Resource and is open down plunge and along strike, representing pure upside with an updated resource, open pit optimisations, and a Feasibility Study all targeted for H2 2026.ASX — ASX Limited named Anthony Attia as its new Managing Director and CEO starting 1 September 2026, bringing nearly 30 years of experience at Euronext, ICE and NYSE Euronext — one of the most internationally credentialled exchange executives the ASX has ever appointed. Current CEO Helen Lofthouse departs 29 May, with Darren Yip stepping in as Interim CEO until Attia arrives.KCN — Kingsgate Consolidated paid US$21.6 million to eliminate royalties and secure critical water rights at its Nueva Esperanza Silver-Gold Project in Chile, removing a US$2 million per year pre-production royalty burden and two NSR royalties of 5% and 3% over key tenements. Funded entirely from existing cash reserves of around A$139 million — a smart balance sheet move that materially improves project economics ahead of a potential construction decision.ASL — Andean Silver discovered bonanza-grade silver-gold veins well outside its existing 111 million ounce resource at Cerro Bayo in Chile, with rock chip samples returning over 31,750 g/t silver equivalent. The new mineralisation sits within 200 metres of the existing Laguna Verde processing plant, meaning resource conversion could flow quickly into mine plans. A Mineral Resource update is due in June 2026 with economic studies already underway.AUE — Aurum Resources grew its Boundiali Gold Project resource by 6% to 3.22 million ounces, with the Indicated category surging 24% to 1.70 million ounces following intensive infill drilling — total group resources across Boundiali and Napié in Côte d’Ivoire now stand at 4.38 million ounces. A Pre-Feasibility Study is due this quarter and the company holds a strong $61 million cash position.Rapid Fire* WA1 — WA1 Resources upgraded its Luni Niobium Project Indicated Resource by 20 million tonnes to 93 million tonnes at 1.32% niobium pentoxide, with 57% of contained niobium now in the higher-confidence Indicated category — an Ore Reserve declaration is the next major milestone.* MM8 — Medallion Metals confirmed high-grade gold-copper continuity at Kundip in WA with intercepts including 5.3 metres at 33.3 g/t gold, bolstering confidence in the mine plan ahead of underground development commencing in August 2026.* EMN — Euro Manganese’s Czech Chvaletice project returned a post-tax NPV of US$492 million, a 13.8% IRR, and a 48% operating margin from a Preliminary Economic Assessment targeting 150,000 tonnes per annum of high-purity manganese sulphate for battery supply chains.* AQI — Alicanto Minerals is divesting its Swedish assets for up to A$21 million while doubling its Mt Henry Gold Project footprint in WA to 150 square kilometres, and plans to rebrand as Sinclair Gold with a 50,000 metre drill program already underway.* OD6 — OD6 Metals validated historic drilling at its Horseshoe Fluorspar Deposit in Nevada, confirming exceptional grades up to 93.7% calcium fluoride from shallow intercepts — the system is open in all directions at a time when domestic US fluorspar supply is a strategic priority.* HYD — Hydrix won a $1 million to $1.2 million contract with defence group NIOA to develop a telemetry-capable kinetic counter-drone payload for the Australian Defence Force, with a demonstration milestone due in December 2026.* SM1 — Synlait Milk CEO Richard Wyeth resigned, with board director Leon Fung stepping in as Acting CEO from today as the company continues to navigate operational, quality, and financial challenges.ASX Daily Digest · Not financial advice · Price-sensitive announcements only This is a public episode. 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