Forrestania Awards Tycho Open Pit Mining Contract
Key points
- Forrestania Resources awarded the mining contract to MEGA Resources
- Contract covers Stage 1 open pit mining at Tycho for 7 months
- MEGA selected for their relevant expertise and operational capability
Full summary
Forrestania Resources Limited (ASX: FRS) has awarded the open pit mining contract for the Tycho Gold Project to MEGA Resources Pty Ltd. The contract, valued at approximately A$27 million, includes drill and blast operations, ore and waste excavation, haulage, and associated mining services. MEGA was selected following a competitive tender process, demonstrating the required expertise and operational capability. The contract is crucial for Forrestania's transition from development to mining operations, supporting its strategy towards first gold production.
Summary generated by a large language model. Please interpret with care.