<AD>

<WIRE> Pro Medicus (ASX:PME) Reaches Record High After Securing a $90 Million Contract; Citi Maintains Optimism

Pro Medicus (ASX:PME), a leading participant in the ASX 200, saw impressive shares gains of 10.8%, reaching A$78.85.

The healthcare imaging software company hit a record high after securing a ten-year contract, valued at A$140 million (or $90 million), with Baylor Scott & White Health in Texas.

Citi Research regards this contract as a potent validation of the company’s technological capacity.

The contract is estimated to generate $25 million per year in revenue.

Despite the considerable projected revenue and EPS growth for FY23-26, Citi maintained a ‘neutral’ rating on valuations with a target price (TP) of A$72.

The average analysts' rating coincides, standing equivalent to ‘hold’ with a median TP is A$71.5, according to LSEG data.

Pro Medicus (ASX:PME) has seen their stock rise around 29% this year up until the most recent close.

Pro Medicus is a healthcare technology company specializing in imaging software.


<WIRE> Coronado Global Resources (ASX:CRN) Shares Climb Due to Majority Stake Acquisition by Czech Group

Shares of Coronado Global Resources (ASX:CRN) saw an increase of up to 3.8% to A$1.910, reaching their highest level since March 6.

The rise happened after Sev.en Global Investments, a Czech-based investment group, announced on Monday that it is set to purchase a 51% stake in Coronado from the Energy & Minerals Group.

The conclusion of the acquisition is subject to regulatory approvals in the U.S.

and Australia, among other standard closing conditions.

Roughly 2.0 million shares exchanged hands, compared to the 30-day average trading volume of 1.8 million shares.

Notably, Coronado’s performance year-to-date has found it down by 7.5% as of its most recent close.

Coronado Global Resources (ASX:CRN) is a prominent commodities company specializing in coal mining and production on global level.


<WIRE> NickelSearch (ASX:NIS) Soars on Spodumene Discovery at Western Australia Project

NickelSearch (ASX:NIS) shares skyrocketed as high as 87.5% to A$0.090, marking their highest since July 12.

The mineral resource company announced the identification of lithium ore spodumene at its Carlingup nickel project in Western Australia, which initiated the price jump.

Over 22 million shares were traded, a significant spike from the company’s 30-day average volume of 4.3 million.

Despite this strong performance, the company’s stock has fallen approximately 70% this year, according to the last closing price.

NickelSearch is a mineral resource company engaged in identifying valuable metal deposits.



<WIRE> Macquarie (ASX:PLS) Sees Valuation Upside for Australian Lithium Miners

Analysts at Macquarie believe in the valuation upside for all lithium mines in spite of the recent decline in spot prices.

They continue to favor Pilbara Minerals (ASX:PLS) among Australia-based lithium producers.

This preferential treatment is also extended to Patriot Battery with its promising near-term exploration prospects.

They see value in Australia’s Allkem and Liontown Resources, which offer exposure to lithium brines in South America and spodumene concentration in Australia.

The production rate and market share of non-integrated lithium refineries will be the determinant of supply side flexibility in a lower-price environment, according to the analysts, given the falling lithium carbonate prices globally.

The perceived underperformance of Australian lithium miners is viewed by Macquarie as a buying opportunity for investors seeking to increase their exposure to critical minerals.

Pilbara Minerals is a major mining company specializing in lithium and tantalite mining.


<WIRE> WA1 Resources (ASX:WA1) Surges on Discovery of High-Grade Niobium in Western Australia Project

Shares in WA1 Resources (ASX:WA1) saw a leap of up to 5.5% to reach A$5.550, marking their most successful day since September 6 if current gains maintain.

The mineral exploration company discovered high-grade niobium mineralisation at its Western Australia-based West Arunta project.

The shares peaked at their highest level since September 11.

The stock of WA1 Resources has risen a remarkable 277.1% Year-to-Date as of its last closing.

WA1 Resources is a mineral exploration company that carries out exploration in its West Arunta project in Western Australia.


<WIRE> Macquarie reduces price target on Star Entertainment (ASX:SGR)

Macquarie has drastically reduced its price target on Star Entertainment, a prominent Australian company, from A$1.25 to A$0.75.

However, the firm retains its ‘outperform’ rating on the shares.

The brokerage perceives the current earnings of the beleaguered casino operator to be at its nadir, with Star Entertainment’s (ASX:SGR) stock having been on a trading halt since the beginning of the week.

In an effort to significantly revamp its capital structure, Star Entertainment (ASX:SGR) announced on Monday its goal to raise A$750 million.

Macquarie decided to downgrade its earnings outlook following a slightly milder than anticipated trading update.

The analyst firm predicts that the Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) will be cut by 4%, 5%, and 2% for fiscal years 24-26, respectively.

A review of London Stock Exchange Group data revealed that out of seven analysts, six have given the stock a ‘buy’ or higher rating, and one has given it a ‘hold’.

Despite these promising ratings, the stock has experienced a 54% drop year-to-date, as of its most recent closure.

Star Entertainment (ASX:SGR) is an Australian company that specializes in running casinos.


<AD>


<WIRE> Perpetual Resources (ASX:PEC) Gains on Acquisition of Lithium Prospective Permits

Shares of Perpetual Resources (ASX:PEC) have surged by 9.5% to A$0.023, reaching their highest value since August 25.

The construction materials company has announced that it has exercised two separate options enabling the acquisition of key land holdings in the spodumene-rich ‘Lithium Valley’ located in Minas Gerais, Brazil.

Furthermore, according to the company, a recent survey demonstrated strong prospectivity across all acquired permits.

As of the latest close, the stock had risen by 16.7% year-to-date.

Perpetual Resources is a construction material company that deals with comprehensive resource management.


<WIRE> Orbital Corporation (ASX:OEC) Hits One-Week High Following Premium Capital Raise

Shares of Orbital Corporation were seen to rise as much as 4.2% to A$0.125, reaching their top level since September 18.

The surge comes as the industrial technology company secures firm commitments for a capital raise to the tune of A$4 million.

The new shares have been issued at a price of A$0.14 each, reflecting a 16.7% premium as compared to the stock’s last closing price.

The funds collected from the capital raise will be applied to support the company’s existing engine development programs.

In other company news, CEO and managing director, Todd Alder, has stepped down from his role, with Andrew Mills taking over the reins as the interim chief executive officer.

However, despite the recent surge, the company’s shares are down by 33.3% Year-To-Date as of the last close.

Orbital Corporation is a company that works within the industrial technology sector, developing and providing innovative solutions.



<WIRE> Northern Minerals (ASX:NTU) Reports FY Net Loss After Tax of A$22.3 Million

Northern Minerals (ASX:NTU) has reported its financial year results, revealing a net loss after tax of A$22.3 million.

This loss shows a slight improvement when compared to the previous financial year’s net loss of A$24.4 million.

The company’s total income for the year is reported at A$1.6 million, a decrease from the previous year’s A$9.3 million.

Northern Minerals specializes in the exploration and development of rare earth minerals in Australia.