Forrestania Awards MEGA Johnson Range Mining Contract

Key points

• Forrestania Resources awarded MEGA Resources the Johnson Range Mining Contract
• Contract value is approximately $145 million
• Contract spans two years and covers full scope of mining activities
• Marks a major milestone for the Johnson Range Project
• Reflects MEGA's operational capability and expertise

Full summary

Forrestania Resources Limited (ASX: FRS) has awarded MEGA Resources Pty Ltd the Johnson Range Open Pit Mining Contract for its Johnson Range Project in Western Australia. The contract, valued at approximately $145 million, encompasses all open pit mining activities, including drilling, mining, haulage, infrastructure development, and operational support. This two-year contract reflects MEGA's operational capability, technical expertise, and proven performance. It represents a significant milestone for Forrestania as it transitions from project planning to execution, aligning with the company's objectives of maintaining operational flexibility, cost discipline, and high safety and environmental standards.

Guidance

Base contract value of approximately $145 million

Outlook

The award of the contract is expected to facilitate the successful execution of the Johnson Range Project, contributing to Forrestania's growth strategy.