MLG.ASX: $70m Integrated Mining & Crushing Contract Awarded by DVP

$70m Integrated Mining & Crushing Contract Awarded by DVP

Stock	MLG OZ Ltd (MLG.ASX)
Release Time	30 Jun 2026, 8:17 a.m.
Price Sensitive	Yes

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MLG Awarded $70m Mining and Crushing Contract by DVP

Key Points

Award of $70m integrated mining and crushing services contract
Contract with Develop Global at Pioneer Dome Lithium Project
Expected to commence in July 2026, lasting 12 months

Full Summary

MLG Oz Limited has been awarded a fully integrated open pit mining and crushing services contract with Develop Global Limited at the Cade Pit, the inaugural mining stage of Develop's Pioneer Dome Lithium Project in Western Australia. The contract, valued at approximately A$70.0 million, is expected to commence in July 2026 and span 12 months. It includes services such as drill and blast, ore and waste mining, load and haul, ROM stockpile management, ore rehandle, and the supply, operation, and maintenance of the crushing circuit. This contract is anticipated to generate significant revenue for MLG and establish its services presence at one of Western Australia's emerging lithium projects.

Guidance

Estimated total contract revenue of approximately A$70.0 million, contracted in full within the 2027 financial year

Outlook

MLG anticipates that the crushing scope may extend as Develop progresses subsequent phases of work at Pioneer Dome.