Mining Services

Southern Cross Electrical Engineering announces $225m in new contracts, strengthening its FY25 outlook.

We have initiated coverage on ALS (ALQ) with a price target of $17.30 and a Buy recommendation.

SRG Global has announced $700m in contract awards, and we maintain our Buy recommendation with a target price of $1.55.

We have revisited our forecasts, with considerations made on the outlook for the HumeLink East project and the Infrastructure segment.

NIC announced March quarter production from its Rotary Kiln Electric Furnace operations of 31,840t contained Ni (BPe 32,003t), with 25,472t attributable (BPe 25,602t).

We have reviewed our valuation of RRL’s 100%-owned McPhillamys Gold Project following the recent update of estimated costs of key elements of the project.