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4DMedical's CT:VQ Gets the Green Light Down Under

Medical imaging company 4DMedical has secured Therapeutic Goods Administration (TGA) approval for its CT:VQ technology in Australia, marking another milestone in the company's global expansion. The non-contrast ventilation-perfusion imaging solution has now been included in the Australian Register of Therapeutic Goods, clearing the way for nationwide deployment.

What makes this particularly significant is that CT:VQ is software-only, meaning it works with existing CT scanner infrastructure already widely available across Australia. The country's high density of CT scanners positions it perfectly for rapid rollout. 4DMedical is now eyeing the next step: applying to the Medical Services Advisory Committee for Medicare Benefits Schedule reimbursement, which could be a game-changer for accessibility. The company ultimately aims to establish CT:VQ as the new global standard for functional lung assessment.

Energy Sector Sees Major Moves

Over in the energy space, HMC Capital has cleared a significant hurdle. The company has received regulatory sign-offs from both the Australian Competition and Consumer Commission and the Foreign Investment Review Board for its strategic partnership with KKR. Financial close is expected around 30 June 2026, with KKR-managed funds investing up to $603 million into HMC's energy platform. HMC will pocket a $35 million establishment fee this financial year, plus roughly $7 million annually in recurring fees, while its own invested capital drops to approximately $190 million. Once the deal closes, the platform will be rebranded as Illuma Energy and positioned to fund battery energy storage system development.

Meanwhile, Horizon Oil has wrapped up its acquisition of Echelon's stake in Cue Energy Resources. The deal involved 139.9 million shares—about 19.9% of Cue—and leaves Horizon holding a relevant interest in 57.06% of Cue shares following the close of the takeover offer period on 19 June. Eligible shareholders will receive their offer consideration by 2 July.

Construction and Services Sector Wins Big

NRW Holdings' subsidiary Golding Contractors has landed two substantial contracts. The first is a $150 million equipment hire and services agreement with OneSteel at the South Middleback Ranges Mine in South Australia, running over three years and supporting around 60 jobs. The second involves constructing a roughly 10.8-kilometre rail diversion near Moranbah in Queensland for Anglo American, valued between $41 and $45 million, with completion targeted for March 2027. That Queensland project alone will engage approximately 230 people.

Listing Hurdle for SIV Capital

On a less positive note, SIV Capital has hit a regulatory snag. The ASX has warned the company that it faces a significant risk of failing to meet listing rule 1.1 condition 1 if it proceeds with its application for admission to the official list. The notice arrived on 25 June, prompting SIV Capital to immediately start exploring alternative opportunities to address the issue.