$20m Annual Revenue Secured from New Contracts & Extensions
Key points
- Extending services for a further five years at Gruyere
- Providing mobile crushing services to Northern Star
- New civil construction project for endurance mining
Full summary
Integrated mining services and resource asset management company, MLG Oz Ltd (ASX: MLG), has announced the awarding and extension of three contracts with a combined annual revenue of approximately $20.0 million. The contracts are with Gruyere Mining Company Pty Ltd (a wholly owned subsidiary of Gold Fields Ltd), Northern Star Resources Ltd, and Endurance Mining Pty Ltd. MLG has secured a five-year extension of its road maintenance and site services contract at the Gruyere Gold Mine operation, which is expected to generate approximately $4.0 million in revenue per annum. The company has also been awarded a contract to deliver mobile crushing services across Northern Star's Yandal and Kalgoorlie production centres, representing a meaningful expansion of MLG's existing relationship with the top-tier producer. Additionally, MLG has received a letter of intent for a new civil construction project with Endurance Mining, which is expected to generate approximately $6.0 million in revenue over a three-month period. The scope of works includes embankment earthworks, construction of drainage systems, installation of tailings and decant pipelines, and construction of access roads, ramps, laydowns and bunding.
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