PME.ASX LYL.ASX SXE.ASX CRS.ASX CTQ.ASX

Market Roundup: Contract Renewals, Acquisition Opportunities, and Exploration Funding

Pro Medicus Secures Lucrative Contract Renewals
Pro Medicus Ltd (PME.ASX) has announced two significant 5-year contract renewals worth a combined minimum of A$40 million. The first is a $31 million renewal with MedStar Health, the largest health system in the Maryland and Washington, D.C. region, which will include the new Visage 7 Cardiology Imaging module. The second is a $9 million renewal with Long Island-based Zwanger Pesiri, a large private outpatient radiology provider. These renewals highlight the strong demand for Pro Medicus' market-leading Visage 7 platform and the company's ability to retain and grow its blue-chip customer base.

Lycopodium Secures Major Gold Project Contract
Lycopodium Limited (LYL.ASX), a global leader in integrated engineering, has been awarded the A$118 million Engineering, Supply and Labour Hire (ESLH) contract for the development of KEFI Gold and Copper's Tulu Kapi Gold Project in Ethiopia. Lycopodium's early involvement in the project, including the delivery of the original and updated feasibility studies, has positioned the company well to lead the project's execution. With delivery of services already underway, Lycopodium is set to play a key role in bringing the Tulu Kapi project to full gold production by mid-2028.

Southern Cross Electrical Engineering Diversifies and Grows
Southern Cross Electrical Engineering Ltd (SXE.ASX) has presented an investor roadshow highlighting its transformation into a leading national provider of electrical, instrumentation, communications, security, fire, and maintenance services and products. The company has successfully diversified its business model, with 40% of revenues now coming from adjacent non-electrical disciplines. Southern Cross has also grown its revenues from $200 million in FY17 to $800 million in FY25 through a series of strategic acquisitions. The company has raised its FY26 EBITDA guidance to at least $72 million, representing 31% growth, and sees significant opportunities ahead in sectors like data centers, infrastructure, renewables, and electrification.

Caprice Resources Accelerates Exploration with $12.74 Million Placement
Caprice Resources Ltd (CRS.ASX) has successfully raised $12.74 million through a placement to institutional and sophisticated investors. The funds will be used to advance exploration drilling at the company's Murchison Gold Projects and West Arunta Project, strengthening Caprice's cash position to approximately $15 million. With multiple drilling and exploration programs underway, the company expects a strong pipeline of news flow in the coming months as it seeks to unlock the value of its high-grade gold assets.

Careteq Requests Trading Halt for Equity Raising
Careteq Ltd (CTQ.ASX) has requested a trading halt of its securities on the ASX, pending the release of an announcement related to a proposed equity raising via a share placement. The trading halt will allow the placement to take place in an orderly fashion and is expected to remain in place until the earlier of the market open on 11 March 2026 or the announcement's release.