Matrix Composites & Engineering (ASX: MCE) has entered into an exclusivity deed with Advanced Innergy Holdings (ASX: AIH). The potential $0.40 per share cash acquisition proposal for Matrix provides a clear, structured pathway to unlock value for the latter company’s shareholders.

🛢️ Exclusivity agreement grants Advanced Innergy exclusive due diligence access until 28 April 2026 as it advances its proposed acquisition of Matrix, providing certainty and a defined window for a potential transaction.
🏭 Pathway to binding agreement, with both parties negotiating in good faith toward a scheme implementation deed while due diligence is conducted, supporting a transparent and orderly process.
⚙️ Structured protections in place, including due diligence provisions alongside fiduciary carve-outs, ensuring the Matrix Board can consider superior proposals while progressing the transaction.

Matrix notes the exclusivity deed enables Advanced Innergy to complete detailed due diligence while the Board, with advisers Azure Capital and Gilbert + Tobin, continues to assess the proposed transaction. There is no certainty a binding agreement will be reached.

Pure Foods Tasmania (ASX: PFT) is acquiring the assets of premium seafood business Brilliant Food Australia (BFA), a Sydney-based brand generating approximately $1.3M in annual revenue. The transaction is expected to expand Pure Foods’ product portfolio, increase margins and support national distribution growth.

🐟 Strategic seafood acquisition, with Brilliant Food Australia generating approximately $1.3M in annual revenue and providing an immediate uplift to Pure Foods’ scale.
🛒 Revenue and margin expansion is also expected, with the transaction delivering a 24% increase to Pure Foods’ FY25 revenue, enabling it to capture full product margins that exceed the 12.5% manufacturing margin previously reported.
🚚 Opportunity for national expansion, leveraging Pure Foods’ existing distribution network to scale BFA beyond its current 50 stores and limited geographic footprint.

Pure Foods Tasmania Executive Chairman Malcolm McAully commented:
“Brilliant Food Australia is a proven well-regarded brand with excellent product fit for our core business strategy. The acquisition increases utilisation of our Woodbridge facility and provides a platform to expand distribution of the product range through our existing network”.

Pengana Private Equity Trust (ASX:PE1) provides investors access to high-quality global private companies through a single listed vehicle on the Australian Securities Exchange. The portfolio spans private equity, private credit and opportunistic investments across sectors and geographies. Joining The Stock Network’s Lel Smits, Pengana Capital Group Executive Director Adam Myers discusses recent portfolio performance, the impact of major holdings including SpaceX, and how the Trust continues to unlock value from leading private companies globally.

📊 Portfolio performance and recent developments
📈 Private market opportunity and portfolio relevance
🔍 Spotlight on a lesser-known portfolio company
🌏 Impact of geopolitical uncertainty on private equity

None of Pengana Private Equity Trust (“PE1”), Pengana Investment Management Limited (ABN 69 063 081 612, AFSL 219 462) (“Responsible Entity”), Grosvenor Capital Management, L.P., nor any of their related entities guarantees the repayment of capital or any particular rate of return from PE1. Past performance is not a reliable indicator of future performance, the value of investments can go up and down. This document has been prepared by the Responsible Entity and does not take into account a reader’s investment objectives, particular needs or financial situation. It is general information only and should not be considered investment advice and should not be relied on as an investment recommendation.

Pengana Investment Management Limited (Pengana) (ABN 69 063 081 612, AFSL 219 462) is the issuer of units in the Pengana Private Equity Trust (ARSN 630 923 643) (the Trust). Before acting on any information contained within this report a person should consider the appropriateness of the information, having regard to their objectives, financial situation and needs. An investment in the Trust is subject to investment risk including a possible delay in repayment and loss of income and principal invested.

Globe Metals & Mining (ASX: GBE) has completed its Bankable Feasibility Study (BFS) for the Kanyika Niobium Project in Malawi, confirming a long-life, low-cost operation with strong economics and a clear staged development pathway.

⛏️ Strong BFS economics confirmed, delivering a post-tax NPV of US$1,025M and IRR of 48%, highlighting a highly profitable and capital-efficient project.
🔋 Long-life, low-cost production profile, with a 24-year mine life, the first production is targeted for early 2028 and net operating costs estimated at US$14.26/kg Nb₂O₅, placing Kanyika in the lowest cost quartile globally.
🌍 Globally significant critical minerals project, positioning Globe as a potential major supplier of niobium and tantalum into high-growth sectors including AI, aerospace, defence and advanced manufacturing.

Globe Metals & Mining Interim Chief Executive Officer & Chief Financial Officer Charles Altshuler commented:
“The BFS confirms Kanyika as a globally significant, long-life niobium project with compelling economics, low operating costs and a clear, staged development pathway. With a post-tax NPV of over US$1 billion, a 48% IRR and average net operating costs of approximately US$14.26/kg Nb₂O₅, the Project demonstrates robust economics supplying critical minerals into a marketplace calling for 2 Refer ASX Announcement dated 11 July 2018 entitled Kanyika Niobium Project-Updated JORC Resource Estimate increased supply and diversity”

Data#3 (ASX: DTL) has been appointed as a panel provider by the Digital Transformation Agency (DTA), representing the Commonwealth of Australia, to facilitate the provision of Microsoft products and services across the Australian Government under the new Volume Sourcing Arrangement (VSA6).

🖥️ Strategic whole of government appointment, with Data#3 selected through a competitive tender to deliver Microsoft licensing solutions and services to federal agencies.
⚙️ Supports VSA6 rollout, enabling agencies to procure Microsoft products under a new five-year agreement, with a one-year extension option.
🇦🇺 Builds on incumbent position, leveraging Data#3’s role as existing Microsoft Licensing Solution Provider and its recognition as Microsoft’s 2025 Country Partner of the Year for Australia.

Data#3 Chief Executive Officer and Managing Director Brad Colledge commented:
“Through our longstanding partnership with the DTA, Data# 3 has consistently delivered customer-focused outcomes under the LSP arrangement in a period of significant change.”
“With our admission to this panel, we affirm our commitment to a business relationship that is based on mutual trust, innovative approaches and a shared drive to provide benefit to the Australian economy."

The Stock Network is pleased to support the Sydney Mining Club and interview EQ Resources (ASX:EQR) Managing Director Craig Bradshaw, who will be presenting at an upcoming Sydney Mining Club event. The company is a high-grade tungsten producer, operating two of the largest tungsten projects globally outside of Chin, Mt Carbine in Queensland and Barruecopardo in Spain. EQ Resources’ share price has risen nearly 900% in the last six months, it plays a critical role in supplying a diversified, Western source of tungsten, a mineral essential for industrial applications, advanced manufacturing, and global defence.

🗓 Thursday 2 April 2026
🕛 9.15 AM
📍 Ivy Ballroom, Sydney

The Koala Company has listed on the ASX with the ticker code of KOA. After initially selling just a single mattress product, the Company has expanded over time and today sells a wide range of sitting and non‑sitting furniture. The Koala Company has also successfully grown its geographic footprint since 2017, launching into the Japanese, US and UK markets. Driven by its capital-light business model and in-house innovation capabilities, the Company sees multiple future opportunities to grow scale in its established and newer markets, and also enter into additional markets.

49 Metals Limited (ASX:49M) has officially listed on the ASX, raising $10 million to advance its Nevada gold portfolio. The Company is now moving quickly into execution, with drilling underway at the Gold Mountain Project in the Walker Lane Trend. The drilling program will test new targets generated from geophysics, follow up historical high grade gold drilling, and assess the scale and continuity of existing mineralisation. 49 Metals Chief Executive Officer Phil Carter joins The Stock Network’s Lel Smits to discuss early progress post-listing, exploration plans, and what investors can expect next.

🔔 Post-listing momentum and drilling commencement
⚒️ Gold targets
📈 Capital deployment and near-term catalysts