ADF invests $100m in new drones

The federal government will invest over $100 million to buy new lethal and non-lethal drones from a German and an Australian manufacturer. The acquisition of two small uncrewed aerial systems (SUAS) will bolster the ADF’s ability to carry out surveillance and reconnaissance and augments the ADF’s existing stock of drones. The Quantum-Systems Vector 2-in-1 and…

Recce awarded $US 2 million grant to develop burn treatment for military

Recce Pharmaceuticals has been awarded a grant of US$2 million (approximately $3 million) by the US Department of Defense’s Congressionally Directed Medical Research Programs (CDMRP) for development of burn wound treatments. Recce, an ASX-listed company developing synthetic anti-infectives, said in a statement on Monday morning (AEST) that the grant recognised its RECCE 327 Gel (R327G)…

Vecco critical mineral project advances

A $798 million renewable energy project to create almost 600 jobs in North West Queensland, along with new manufacturing jobs in Townsville, is now one step closer. The Queensland Coordinator-General has declared the Vecco Critical Minerals Project a ‘coordinated project’, paving the way for environmental approvals. Vecco is proposing a new greenfield mine and critical…

QPM gets Qld backing for battery metals refinery

The Queensland government is making $8 million available to prepare the Townsville Energy Chemicals Hub (TECH) project for investment readiness. Queensland Treasury will work to provide the grant to company Queensland Pacific Metals in conjunction with the federal government’s recently announced commitment of $8 million. The TECH Project aims to deliver a modern and sustainable…