Daily Roundup

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Duratec Secures Multi-Million Dollar PNG Contract

Duratec Limited has announced a major contract win for its subsidiary, Duratec (PNG) Limited. The company has been awarded a lucrative deal with Lihir Gold Limited, a Newmont Corporation subsidiary, to provide plug and abandonment (P&A) services at the Lihir Operations in Papua New Guinea.

The contract is expected to generate multi-million-dollar revenue over the 12-month term, potentially around A$45 million, subject to scope and performance. This represents an important milestone in Duratec's expansion into the energy and resources services sector, as well as its continued growth in the PNG market.

Duratec (PNG) Limited will leverage experienced personnel from across the group, along with established subcontractors, to safely execute the well P&A activities. The project will also benefit from the broader technical expertise of Duratec's joint venture, DXP Energy Solutions.

Firebrick Pharma Secures First Nasodine Approval in Indonesia

In another exciting development, Firebrick Pharma Ltd has announced that its Nasodine Nasal Spray has been approved by the Indonesian government for importation and marketing in the country. This marks the first regulatory approval for Nasodine, a significant milestone for the company.

Indonesia, with a population of around 285 million, is the largest market in Southeast Asia. Firebrick will now need to manufacture the product in local language packaging and secure a local marketing partner before commencing importation and distribution.

Firebrick is also pursuing approvals for Nasodine in other markets, including the Philippines, and plans to expand sales to up to 10 markets over the next three years.

Top End Energy Suspended Pending Proposed Transaction

Shifting gears, Top End Energy Ltd has requested a voluntary suspension of its securities from ASX quotation. The suspension is pending an announcement regarding a proposed transaction under Listing Rule 11.1.

The company has stated that the suspension has been authorized and approved by its Board of Directors and will remain in place until Top End Energy has complied with the necessary procedures outlined by the ASX.

Lodestar Appoints New CEO to Drive Growth

In a leadership change, Lodestar Minerals Limited has appointed Coraline Blaud as its new Chief Executive Officer. Blaud has been central to the company's recent exploration success, leading teams that are advancing high-impact drilling programs in Chile, Arizona, and Western Australia.

The appointment comes at a pivotal time for Lodestar, with multiple active programs and a strong pipeline of near-term news flow. The company is well-positioned to capitalize on the opportunities ahead under Blaud's leadership.

Vanguard Announces ETF Distribution Estimates

Lastly, Vanguard Investments Australia Ltd has provided details on the estimated distribution amounts and timetable for various Vanguard Exchange Traded Funds (ETFs) listed on the ASX. The announcement covers a range of Vanguard ETFs, including the Vanguard Australian Shares Index ETF, Vanguard Australian Property Securities Index ETF, and Vanguard Australian Fixed Interest Index ETF.

The distribution timetable includes the ex-distribution date of 1 April 2026, the record date of 2 April 2026, and the payment date of 20 April 2026. Investors should note that the Distribution Reinvestment Plan (DRP) is available for all the ETFs.